Realty Income stock reports 9.7 percent Q2 revenue growth

Published on 09/25/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Realty Income stock delivered USD 1.55 billion in Q2 2026 revenue and AFFO of USD 1.09 per share. Scotiabank cut its rating on September 24, 2026.

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Realty Income (ISIN US75513E1010) delivered Q2 2026 revenue of USD 1.55 billion and AFFO of USD 1.09 per share, while its stock stood at USD 55.41 on September 24, 2026 at 8:00 p.m. UTC. Scotiabank cut its rating to Sector Perform from Sector Outperform on September 24, 2026, adding a fresh counterweight to the strong operating figures.

Q2 revenue rises 9.7 percent

According to Yahoo Finance, Realty Income's Q2 2026 revenue rose 9.7 percent year over year to USD 1.55 billion, while AFFO increased 3.8 percent to USD 1.09 per share. The company raised its 2026 AFFO guidance to USD 4.44-4.45 per share from USD 4.41-4.44.

GAAP diluted earnings per share stood at USD 0.37 in Q2 2026, according to 247 Wall St on September 17, 2026. That figure came below the USD 0.4227 estimate after a USD 54.2 million real estate impairment and other one-time items, highlighting the gap between GAAP earnings and the REIT's AFFO measure.

Scotiabank lowers its rating

Fintel reported the Scotiabank downgrade on September 24, 2026. Its consensus table showed a mean price target of USD 69.07 on September 15, down from USD 69.22 on August 28, a 0.22 percent revision.

The target level still sits materially above the reference price. The USD 69.07 consensus mean is 24.64 percent above USD 55.41, so the rating change and the valuation gap point in different directions.

Stock sits 18.44 percent below its high

Realty Income's reference price of USD 55.41 was 0.62 percent above the 52-week low of USD 55.07 and 18.44 percent below the 52-week high of USD 67.94. Trading volume was 9,349,182 shares, while market capitalization stood at USD 51,669,437,130 on September 24, 2026.

Monthly dividend remains central

According to Marketscreener, Realty Income raised its monthly dividend to USD 0.2715 per share from USD 0.2710, with payment scheduled for October 15, 2026, to holders of record on September 30, 2026. For the stock, the operating trend and the income profile remain linked to the balance between AFFO growth, financing conditions and the share price discount to the consensus target.