Realty Income stock holds near $62 after Q2 guidance
Published on 08/22/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Realty Income (US75513E1010) traded at $62.61 on August 21, 2026, with a market value of $59.24 billion and a 52-week range of $55.86 to $67.93. The latest quarter added a clearer operating backdrop: Q2 revenue rose 9.7% year over year to $1.55 billion, and AFFO per share came in at $1.09.
Guidance moved higher
The company lifted 2026 AFFO per share guidance to $4.44 to $4.45, and the midpoint implies about 4% growth for the year. It also raised full-year investment volume guidance to $10 billion from $9.5 billion, making the latest outlook the more important number for investors than the daily tape.
Occupancy finished Q2 at 98.8%, up from 98.6% a year earlier, while the blended recapture rate reached 102.7%. That combination matters because it shows rent replacement still running above the prior level even as Realty Income keeps scaling the portfolio.
Debt and dividends
Balance-sheet execution stayed active in July and August. The company expanded its revolving credit facility to $5.5 billion, issued €600 million of senior unsecured notes at a 3.625% coupon, and closed an $875 million convertible senior notes offering due 2031.
Income investors still get a monthly check. Realty Income declared its 674th consecutive monthly dividend on August 18, 2026, and the annualized payout stands at $3.252 per share.
Portfolio angle
Realty Income’s net-lease model is built around long contracts, tenant responsibility for taxes and maintenance, and recurring rental cash flow. The portfolio was leased to 1,798 clients across 92 industries in Q2, which helps explain why the company keeps talking about diversification rather than a single property theme.
One focus point is the data-center push, which management has highlighted as part of a broader capital-allocation strategy. The current setup pairs a 5.19% dividend yield with a price that is still below the 52-week high of $67.93.
Realty Income and Amazon
Amazon remains relevant as a tenant-pressure example for the retail REIT universe, but Realty Income continues to lean on necessity-based properties and long lease terms. That mix is why the portfolio has stayed centered on predictable rent collection rather than higher-turnover retail.
Stock level
Realty Income shares were last quoted at $62.61 on August 21, 2026, and the stock is still trading below its 52-week high of $67.93. The market cap stood at $59.24 billion on the same session.
Fact box
Company: Realty Income Corporation
ISIN: US75513E1010
Ticker: O
Exchange: NYSE
Price (as of August 21, 2026, 3:58 p.m. ET): $62.61 USD
Market cap: $59.24 billion (as of August 21, 2026)
Sector / Industry: Real Estate / Retail REITs
Index membership: S&P 500
Next earnings date: November 2, 2026
