Realty Income (O) reported third-quarter AFFO of $1.12 per share, up 3.7% year over year, and raised its 2026 AFFO guidance to $4.45–$4.46 per share. The company invested about $2.6 billion in the quarter, with Europe accounting for 42% of pro rata volume at a 6.8% initial cash yield, and activity shifting toward industrial, logistics and credit assets. It expanded funding through euro-denominated debt, convertible notes, asset sales and a €528 million joint venture with KKR, helping preserve investment spreads despite higher interest rates. The company sourced a record roughly $59 billion of potential investments and reaffirmed its $10 billion investment-volume target.
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