Loading...
•
Dec 31, 2025
Realty Income Q4 2025 Earnings Report
Realty Income reported higher revenue and earnings in Q4 2025, driven by strong investment activity and stable portfolio performance.
Key Takeaways
Realty Income delivered solid fourth quarter results with revenue growth, higher net income, $2.4 billion in investments at a 7.1% yield, and portfolio occupancy of 98.9%, while maintaining disciplined leverage.
Revenue increased year-over-year to $1487942000.
Net income rose to $296085000, or $0.32 per share.
Invested $2390300000 during the quarter at a 7.1% initial yield.
Portfolio occupancy remained strong at 98.9% with 104.9% rent recapture.
Forward Guidance
For 2026, the company guided to AFFO per share of $4.38 to $4.42 and investment volume of approximately $8000000000.
Positive Outlook
- 2026 AFFO per share guidance of $4.38 to $4.42.
- Expected investment volume of approximately $8000000000.
- Same store rent growth guidance of 1.0% to 1.3%.
- Target occupancy of approximately 98.5%.
- Projected net income per share of $1.65 to $1.69.
Challenges Ahead
- Occupancy expected to modestly decline from 98.9% to approximately 98.5%.
- Income tax expense projected at $100000000 to $110000000.
- Property expenses expected at approximately 1.5% of total revenue.
- Cash G&A expenses projected at 20 to 23 basis points of total gross asset value.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...