O · 8-K · 20260805PR000044

Guidance and Outlook

REALTY INCOME CORP · 2026-08-05 · Importance 80 · Surprise 68 · From source text

Realty Income raised its 2026 AFFO per share guidance to $4.44-$4.45 from $4.41-$4.44, representing approximately 4% growth at the midpoint. The revised outlook includes 2026 investment volume of $10.0 billion, up from prior guidance of $9.5 billion, and same-store rent growth of 1.1%-1.3%. Management maintained approximate 98.5% occupancy guidance, projected income tax expenses of $100-$110 million, and lease termination income of $45-$50 million.

Key facts

• Revised 2026 investment volume guidance (at 100%): $10.0 billion (prior $9.5 billion); YTD actual at June 30, 2026: $5.3 billion source
• Guidance: Revised 2026 AFFO per share raised to $4.44 - $4.45 (prior $4.41 - $4.44) source
• Revised 2026 net income per share guidance: $1.59 - $1.60 (prior $1.60 - $1.63); YTD actual at June 30, 2026 $0.70 source
• Revised 2026 same store rent growth guidance: 1.1% - 1.3% (prior 1.0% - 1.3%); YTD actual at June 30, 2026: 1.0% source
• 2026 guidance for income tax expenses: $100 - $110 million; YTD actual at June 30, 2026: $52 million source
• Revised 2026 occupancy guidance: Approx 98.5% (prior Approx 98.5%); YTD actual at June 30, 2026: 98.8% source
• Realty Income's conference call scheduled August 5, 2026 at 2:00 p.m. PDT with telephone dial-in numbers (833) 816-1264 US and (412) 317-5632 International; telephone replay available through August 12, 2026 with conference ID 5929348 source

Impact estimates