Realty Income reports Q3 adjusted FFO $1.08, consensus $1.07

Reports Q3 revenue $1.47B, consensus $1.36B. “Realty Income (O) has built a durable and diversified engine for income, which is illustrated in our third quarter results,” said CEO Sumit Roy. “With expanded access to diverse sources of equity and favorable investment yields across geographies, our platform continues to demonstrate differentiation in the industry. European investments remain a significant portion of our executed volume, with approximately $1.0 billion closed internationally and $380.0M invested domestically during the quarter. Furthermore, internal portfolio growth remains steady. A 103.5% rent recapture rate on re-leased properties is a testament to Realty Income’s data-driven asset management process and the stability of our well-diversified real estate portfolio. Given the momentum in our business, we are updating our 2025 AFFO per share guidance to $4.25-$4.27 and our 2025 investment volume guidance to approximately $5.5 billion. As we wrap up 2025 and look forward, flexibility remains a competitive advantage for Realty Income, poised for expansion across location, property type, industry or capital source.”