#United States #San Diego #Realty Income #Monthly Dividend Company #NYSE O

Realty Income Reports Strong Operating Results for Mid-2026

Introduction
Realty Income Corporation, renowned as The Monthly Dividend Company® and traded on the NYSE under the symbol O, has recently unveiled its operating performance for the second quarter and first half of 2026. This update reflects a record net income and significant strategic investments, underscoring the resilience of its diversified portfolio amidst a changing economic landscape.

Key Financial Highlights

For the quarter ending June 30, 2026, Realty Income enjoyed substantial financial achievements:

• - Net Income: The company declared a remarkable net income of $344 million, translating to $0.37 earnings per share, a significant rise compared to the previous year.
• - Adjusted Funds from Operations (AFFO): There was a 3.8% increase in AFFO per share, reaching $1.09.
• - Investments: Realty Income invested a staggering $2.6 billion, with a pro-rata share of $2.1 billion, reflecting an initial weighted average cash yield of 7.3%.

Moreover, the company effectively maintained a net debt to annualized pro forma adjusted EBITDA ratio of 5.4x, showcasing its strong financial health in leveraging its assets. The organization successfully achieved a rent recapture rate of 102.7% on properties that were re-leased, demonstrating efficient asset management.

Strategic Milestones Post June 30, 2026

Continuing its momentum, Realty Income made several strategic moves:

• - In July 2026, the company issued €600 million in senior unsecured notes due 2032 at a competitive interest rate of 3.625%.
• - They also amended their revolving credit facility, increasing capacity to $5.5 billion, along with a sizeable commercial paper program up to the same amount.
• - Upgrading its credit standing, Realty Income secured an ‘A’ Long-Term Issuer Default Rating with a Stable Outlook from Fitch Ratings in August 2026, affirming its solid position in the market.

CEO Insights

Sumit Roy, the CEO of Realty Income, commented on the results, stating, “These figures reflect our firm commitment to diversifying our portfolio and a disciplined capital allocation strategy. The recent $6 billion hyperscale data center joint venture exemplifies our ability to leverage our scale and experience to tap into new growth avenues while adhering to our stringent underwriting standards.” He continued, emphasizing their robust core portfolio and the strategic contributions of these growth channels.

Summary of Financial Performance

Looking at the financial frames:

This comprehensive growth underscores Realty Income's ability to navigate economic challenges while increasing shareholder value through consistent dividends and strategic real estate investment.

Dividend Insights

In June 2026, Realty Income marked the 115th consecutive quarterly dividend increase and the 135th increase since its public listing, with an annualized dividend amount reaching $3.252 per share. Monthly dividends paid increased slightly by 0.7% to $0.812 per share, amounting to 74.5% of diluted AFFO.

Real Estate Portfolio Overview

As of June 30, 2026, Realty Income’s portfolio consisted of 15,588 properties leased to 1,798 clients across 92 industries, with an impressive occupancy rate of 98.8%. This diverse array contributes to the stability and reliability of steady rental revenues, underpinning the ability to provide consistent monthly dividends.

Conclusion
Realty Income’s robust operational results for the first half of 2026 highlight its capacity to deliver value to shareholders through disciplined investments and strategic growth initiatives. With an enviable track record and reliable income generation, the company is well-positioned for continued success in the evolving market landscape.