Realty Income stock lifts 2026 AFFO guidance after Q3 growth

Published on 11/03/2026 at 17:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Realty Income stock enters the next phase after stronger quarterly operating results. Management raised its recurring cash-flow outlook while preserving its investment target.

Operating growth raises the outlook

Third-quarter revenue and AFFO per share increased year over year.
Management lifted the full-year AFFO outlook while keeping the investment target unchanged.
High occupancy and recurring rent growth remain central to the income case.

Realty Income, US7561091049, Illustration mit AI erstellt.

Realty Income reported stronger results for the quarter ended September 30, 2026, and raised its full-year adjusted funds from operations outlook. The company released the figures after the U.S. market closed on Monday, November 2, according to its operating results release carried by PR Newswire.

Revenue reached 1.62 billion US dollars, up from 1.47 billion US dollars a year earlier. Net income available to common stockholders rose to 403.9 million US dollars from 315.8 million US dollars, while diluted net income per share increased to 0.43 US dollars from 0.35 US dollars.

Recurring cash flow leads the update

Adjusted funds from operations, or AFFO, rose 3.7 percent year over year to 1.12 US dollars per diluted share. Because AFFO is a non-GAAP measure, investors should assess the recurring cash-flow figure alongside GAAP earnings rather than as a substitute for them.

Same-store rental revenue increased 1.1 percent. Portfolio occupancy was 98.8 percent on September 30, unchanged from June 30 and above 98.7 percent a year earlier. Realty Income also invested 2.6 billion US dollars during the quarter across acquisitions, development and credit investments, with an initial weighted average cash yield of 6.8 percent.

Higher guidance, steady capital plan

Management raised its full-year AFFO-per-share guidance to 4.45 to 4.46 US dollars from 4.44 to 4.45 US dollars. The investment-volume target remained 10.0 billion US dollars, while same-store rent growth guidance stayed at 1.1 to 1.3 percent. Occupancy guidance moved to above 98.5 percent.

Realty Income stock traded at 51.13 euros on Lang & Schwarz at 17:08 CET on Tuesday, November 3, 2026. Investors can follow the real-time quote of Realty Income stock.