Realty Income posts Q3 2026 results, raises AFFO guidance and announces $10 bn investment target
Realty Income Corp. reported net income of $403.9 million, or $0.43 per share, for the quarter ended September 30, 2026. The company lifted its 2026 AFFO per‑share outlook to $4.45‑$4.46 and confirmed a goal to invest $10 billion in assets by year‑end. It also increased its monthly dividend to $0.813 per share, its 116th consecutive rise, and issued $1 billion of 3.75 % convertible senior notes due 2031 together with a €528 million joint‑venture investment with KKR in Europe.
Why it matters
The company says the higher AFFO guidance reflects stronger cash flow and supports the raised dividend, which may attract income‑focused investors. The $10 bn investment target signals continued capital deployment, while the new convertible notes provide additional financing flexibility.
Key facts
- 1Net income available to common shareholders was $403.9 million, or $0.43 per share for the three months ended September 30, 2026. prnewswire.com
- 2Adjusted Funds from Operations (AFFO) rose 3.7 % year‑over‑year to $1.12 per share. prnewswire.com
- 3The company raised its 2026 AFFO per‑share guidance to a range of $4.45‑$4.46. prnewswire.com
- 4Realty Income announced its 116th straight quarterly dividend increase, lifting the monthly payout to $0.813 per share. prnewswire.com
- 5It plans to invest $10.0 billion in total by the end of 2026. prnewswire.com
- 6The firm issued $1.0 billion of convertible senior notes bearing a 3.75 % coupon, maturing in August 2031. prnewswire.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.