Realty Income Q1 AFFO per share rises 6.6% to $1.13; 2026 AFFO guidance raised
Realty Income reported first-quarter 2026 total revenue of $1,548.7 million, up from $1,380.5 million a year earlier, and net income available to common stockholders of $311.8 million, or $0.33 per share, versus $0.28 per share. The company raised its 2026 AFFO per share guidance to $4.41 to $4.44 and its investment volume guidance to $9.5 billion, but lowered its 2026 net income per share guidance to $1.60 to $1.63.
Key points
- Total revenue was $1,548.7 million for the three months ended March 31, 2026, compared with $1,380.5 million a year earlier.
- AFFO per share was $1.13, up 6.6% from the prior-year period; net income per share was $0.33, compared with $0.28.
- 2026 AFFO per share guidance was raised to $4.41 to $4.44 from $4.38 to $4.42, and investment volume guidance was raised to $9.5 billion from $8.0 billion.
- 2026 net income per share guidance was lowered to $1.60 to $1.63 from $1.65 to $1.69.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.