Realty Income Q4 revenue beats estimates

Realty Income

24/02/2026 21:17

Overview

Real estate investment trust's Q4 revenue beat analyst expectations

AFFO per share for Q4 grew compared to last year

Outlook

Realty Income expects 2026 AFFO per share between $4.38 and $4.42

Company forecasts 2026 investment volume at $8.0 bln

Realty Income anticipates 2026 occupancy around 98.5%

Result Drivers

INVESTMENT ACTIVITY - Co invested $2.4 bln in Q4, including $200 mln in Mexico, expanding its portfolio

RENT RECAPTURE - Achieved a rent recapture rate of 104.9% on properties re-leased, indicating effective lease management

CAPITAL RAISE - Launched U.S. Open-End Core Plus Fund, raising $1.5 bln, enhancing capital base

Company press release: ID:nPn6z0YJma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.49 bln
$1.43 bln (11 Analysts)
Q4 EPS
$0.32
Q4 Net Income
$296.1 mln
Q4 FFO
$985.9 mln
Q4 FFO Per Share
$1.07


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 16 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Realty Income Corp is $63.00, about 5.5% below its February 23 closing price of $66.68

The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 40 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)