Realty Income Reports Q3 2026 Earnings with Increased AFFO and Raised Occupancy Guidance
Realty Income (O) reported strong third-quarter results for 2026, highlighted by an Adjusted Funds From Operations (AFFO) per share of $1.12, a 3.7% increase year-over-year. The company slightly raised its full-year AFFO guidance to a midpoint of $4.45–$4.46 per share and improved its full-year occupancy guidance to above 98.5%, supported by a quarter-end portfolio occupancy rate of 98.8%. The REIT demonstrated significant investment activity, deploying $2.6 billion during the quarter with a focus on European markets ($940 million) and the industrial sector ($1.15 billion). Management also highlighted a strategic joint venture with KKR involving 54 European properties. Despite rising base rates, the company maintains strong liquidity of $5.4 billion and continues to leverage relationship-driven sourcing for its investment pipeline.
Topics: AFFO per share guidance investment volume joint venture real estate investment