Realty Income: 3 Key Takeaways for Long-Term Investors

Realty Income raised its 2026 AFFO guidance to $4.45-$4.46 per share while maintaining its $10 billion annual investment target. The company is diversifying its strategy through European real estate investments (7.1% yield), credit investments in high-rate environments, and alternative capital sources to reduce reliance on public equity issuance. This multi-pronged approach allows the company to preserve investment spreads and drive sustainable per-share growth.