The real estate investment trust raises its full-year AFFO per share outlook after reporting 3.8% quarterly growth.
Realty Income Corp raised its 2026 adjusted funds from operations per share guidance to a range of $4.44 to $4.45, up $0.02 at the midpoint. The increase follows a 3.8% year-over-year rise in Q2 AFFO to $1.09 per share.
The company previously targeted a lower AFFO range and had not disclosed the $4.44-$4.45 range until its latest earnings call. Management also set a $10 billion acquisition target for the year, signaling expansion plans.
Shares showed limited immediate reaction as the guidance adjustment was modest and aligned with recent performance trends.