Realty Income Announces Operating Results for the Three and Nine Months Ended September 30, 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
0mins
Source: PRnewswire
Financial Performance: Realty Income Corporation reported a net income of $315.8 million for Q3 2025, with an adjusted funds from operations (AFFO) of $1.08 per share, reflecting strong operational performance and a rent recapture rate of 103.5% on re-leased properties.
Investment Activity: The company invested $1.4 billion at a weighted average cash yield of 7.7% during the quarter, with significant international investments contributing to its growth, totaling approximately $1.0 billion closed internationally.
Dividend Growth: Realty Income announced its 112th consecutive quarterly dividend increase, raising the monthly dividend to $0.807 per share, which represents 74.7% of its diluted AFFO per share for the quarter.
Future Guidance: The company updated its 2025 AFFO per share guidance to a range of $4.25 - $4.27 and projected an investment volume of approximately $5.5 billion, indicating confidence in continued growth and expansion.
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Analyst Views on O
Wall Street analysts forecast O stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for O is 62.59 USD with a low forecast of 60.00 USD and a high forecast of 67.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
3 Buy
7 Hold
1 Sell
Hold
Current: 60.780
Low
60.00
Averages
62.59
High
67.50
Current: 60.780
Low
60.00
Averages
62.59
High
67.50
About O
Realty Income Corporation is a real estate investment trust. The Company is engaged in acquiring and managing freestanding commercial properties that generate rental revenue under long-term net lease agreements with its commercial clients. It is engaged in a single business activity, which is the leasing of property to clients, generally on a net basis. That business activity spans various geographic boundaries and includes property types and clients engaged in various industries. The Company owns or holds interests in approximately 15,621 properties located in all 50 United States (U.S.) states, the United Kingdom, France, Germany, Ireland, Italy, Portugal, and Spain with clients doing business in 89 industries. Its property types include retail, industrial, gaming and others, such as agriculture and office. Its primary industry concentrations include grocery stores, convenience stores, dollar stores, drug stores, home improvement, restaurants-quick service and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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