On Holdings Sets Up for Marathon Rally: New Highs Are Coming Realty Income (NYSE:O) raised its full-year outlook after reporting higher first-quarter adjusted funds from operations and detailing a broader push into private capital partnerships designed to expand its investment…
pacity beyond the public equity markets. The net lease real estate investment trust reported first-quarter AFFO per share of $1.13, up 6.6% from a year earlier, President and Chief Executive Officer Sumit Roy said on the company’s earnings call
Realty Income invested approximately $2.8 billion during the quarter, or $2.6 billion on a pro rata basis, at a 7.1% initial weighted average cash yield. – Sell in May and Go Away—Starting With These 3 Stocks Roy said the quarter reflected progress across “disciplined capital deployment, durable portfolio performance, and continued expansion of our private capital platform.” He added that the company’s investment activity remained balanced between North America and Europe, with about $1 billion deployed into credit and structured investments. Guidance Raised After Strong Start to 2026 Chief Financial Officer and Treasurer Jonathan Pong said Realty Income increased its full-year investment volume guidance to $9.5 billion at 100% ownership. The company also raised its AFFO per share guidance range to $4.41 to $4.44, lifting the midpoint by $0.025. – Years in the Making, AMD’s Upside Movement Has Just Begun Realty Income also increased its expected lease termination income guidance to $45 million to $50 million, up from its prior range of $40 million to $45 million.
The company lowered its credit loss outlook to approximately 40 basis points of rental revenue, which Pong said reflected “improved visibility and performance across the portfolio.” Roy said the company recognized $40.2 million of lease termination income in the first quarter. In response to an analyst question, he said the activity was not concentrated in a single tenant and was driven by…