Realty Income Reports Second Quarter 2025 Results and Raises Guidance

Summary

Realty Income Corporation announced its operating results for the second quarter of 2025, reporting net income of $196.9 million and Adjusted Funds from Operations (AFFO) per share of $1.05. The company invested $1.2 billion in real estate during the quarter and increased its 2025 investment guidance to approximately $5.0 billion. Realty Income also raised the low-end of its AFFO per share guidance to a range of $4.24 - $4.28. The company maintained a robust liquidity position with $5.1 billion, which includes cash, unsettled ATM forward equity, and availability under its credit facilities.