What to Expect From Realty Income's Next Quarterly Earnings Report

Core Viewpoint - Realty Income Corporation, a San Diego-based real estate company, focuses on acquiring and managing freestanding commercial properties under long-term net lease agreements, with a market capitalization of $53.8 billion and a diverse portfolio across 90+ industries [1]. Financial Performance - The company is expected to report an adjusted funds from operations (AFFO) of $1.07 per share for Q3, reflecting a 1.9% increase from $1.05 per share in the same quarter last year [2]. - For the full fiscal year 2025, Realty Income's AFFO is projected to be $4.27 per share, also up 1.9% from $4.19 per share in 2024, with further growth expected in fiscal 2026 to $4.40 per share, representing a 3% year-over-year increase [3]. Stock Performance - Realty Income's stock has declined by 6.2% over the past 52 weeks, underperforming the Real Estate Select Sector SPDR Fund's 5.4% decline and the S&P 500 Index's 14.7% gain during the same period [4]. - Following the release of mixed Q2 results, the stock experienced a slight uptick, with a year-over-year revenue increase of 5.3% to $1.4 billion, surpassing market expectations [5]. Analyst Sentiment - Analysts maintain a cautious outlook on Realty Income, with a consensus "Hold" rating. Among 25 analysts, there are four "Strong Buys," one "Moderate Buy," and 20 "Holds," with a mean price target of $61.97 indicating a modest 4.2% upside potential from current levels [6].