Realty Income Corp

Realty Income posted a mixed second quarter for 2025, delivering a revenue beat while falling well short on the bottom line. The net lease giant reported GAAP EPS of $0.22, missing the $0.3964 consensus estimate by 44.50%, as a sharp rise in impairment provisions — climbing to $143.36 million from $96.46 million a year ago — and higher interest expense weighed heavily on net income, which fell to $196.92 million from $256.80 million in Q2 2024. Revenue of $1.41 billion, up 5.3% year-over-year, cleared the $1.33 billion consensus by 6.00%, underpinned by portfolio expansion and same-store rent growth of 1.1%. The more closely watched AFFO per share held at $1.05, essentially flat with recent quarters, and the company's <a href="https://247wallst.com/investing/2026/02/12/realty-incomes-650-consecutive-monthly-dividends-are-perfect-for-retirees/">111th consecutive quarterly dividend increase</a> underscored its income consistency. Management struck a confident tone on deployment, raising full-year investment guidance to roughly $5.00 billion from $4.00 billion after putting $1.17 billion to work in Q2 at a 7.2% cash yield, and nudging the low end of AFFO per share guidance up to a range of $4.24 to $4.28.