Realty Income Corporation · O · Next earnings

Realty Income Corporation reports Tuesday, Feb 23, 2027

O reports session not yet known with consensus EPS at $0.42 and revenue at $1.46B. Last quarter: Realty Income raises 2026 AFFO outlook as Europe and credit broaden investment mix

Reports Session not yet known111 days awayDate unknown Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $0.42 Calendar consensus
Consensus revenue $1.46B Calendar consensus
Report date Feb 23, 2027 Tuesday, date unknown
Session Session not yet known 111 days away

Where O left off: FY2026 Q3

Full report

Realty Income raises 2026 AFFO outlook as Europe and credit broaden investment mix

EPS surprise +5.7% Reported $0.43 vs $0.41
Revenue surprise +13.3% Reported $1.62B vs $1.43B
Stock move +1.1% Event window
Subsequent drift 0.0% Up to 20 sessions

FY2026 AFFO guidance increased to $4.45–$4.46 per share. The $10 billion investment-volume target was reaffirmed; no further change to that target was reported in the supplied analysis.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher interest rates and cap-rate volatility could affect acquisition economics and purchase pricing.
  • The sustainability of the reported 170-basis-point leverage-neutral spread remains an analyst concern.
  • Upcoming $2.9 billion of 2027 debt maturities create refinancing exposure.
  • European political and fiscal uncertainty could affect the company’s expanding regional activity.
  • Competitive pressure for industrial and data-center assets could raise acquisition prices; credit-loss volatility also remains a stated risk.

Questions analysts left open

  • Whether the 170-basis-point spread to cost of capital is sustainable.
  • How cap-rate changes may affect acquisition pricing.
  • How investment will be allocated between credit and equity.
  • Whether upcoming debt maturities can be refinanced on favorable terms.
  • Exposure to political and economic turbulence in Europe.

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Recent O quarters

All O earnings
+1.1%FY2026 Q3-0.5%FY2026 Q2-3.5%FY2026 Q1-0.8%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.