O · 8-K · 20261102PR000056

Guidance and Outlook

REALTY INCOME CORP · 2026-11-02 · Importance 56 · Surprise 68 · In source text

Realty Income raised its 2026 AFFO-per-share guidance to $4.45–$4.46 from $4.44–$4.45, while maintaining its $10.0 billion investment-volume target. The company lowered its 2026 net-income-per-share range to $1.55–$1.56 from $1.59–$1.60. Guidance retained same-store rent growth of 1.1%–1.3%, occupancy above 98.5%, and income-tax expenses of $100–$110 million.

Key facts

• Realty Income's 2026 investment volume guidance is $10.0 billion, unchanged from prior guidance; year-to-date volume was $7.9 billion at September 30, 2026. source
• Realty Income raised its 2026 AFFO per-share guidance to $4.45–$4.46 from $4.44–$4.45. source
• Revised 2026 net income per-share guidance is $1.55–$1.56, compared with prior guidance of $1.59–$1.60. source
• Realty Income forecast 2026 income tax expenses of $100 million–$110 million, unchanged from prior guidance; year-to-date actuals at September 30, 2026 were $76 million. source
• 2026 lease termination income guidance is $45 million–$50 million, unchanged from prior guidance; year-to-date actuals were $45 million. source
• Realty Income's 2026 same-store rent growth guidance is 1.1%–1.3%, unchanged from prior guidance. source
• Revised 2026 occupancy guidance is above 98.5%, compared with prior guidance of approximately 98.5%. source
• Realty Income's 2026 non-reimbursable property expense guidance is 1.3%–1.5% of total revenue, versus prior guidance of approximately 1.5%. source

Impact estimates