Realty Income Raises 2026 FFO Forecast on Strong Rental Growth
O is trading near its 52-week low of $55.86 (13% above the low).
Summary
Realty Income lifted its 2026 adjusted FFO guidance to $4.44-$4.45 per share, up from $4.41-$4.44, driven by higher rental rates. The REIT also raised the lower end of its same-store rent growth forecast to 1.1% and bumped its full-year investment target to $10 billion from $9.5 billion. Q2 adjusted FFO came in at $1.09 per share, matching consensus. The guidance raise signals confidence in portfolio performance and the data center expansion strategy, including the $1.4 billion Cloud Capital joint venture. This follows a series of capital raises and a new ATM program, providing ample funding for the increased investment pipeline.
At the time of this announcement, O was trading at $63.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $58.5B. The 52-week trading range was $55.86 to $67.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.