HighGravityDataCurrent guidance
22 items
Realty Income
Guidance from Realty Income’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Releases tracked
8
Latest release
Aug 5, 2026
Data checked
Aug 5, 2026
What changed in the Aug 5, 2026 release
Each item compared with the same item in the previous release (May 6, 2026). Values in quotation marks are the company’s words.
New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| Lowered | Net income per share (2) | for FY2026 | “$1.60 - $1.63” | “$1.59 - $1.60” | Filing ↗ |
| Raised | AFFO per share | for FY2026 | “$4.38 - $4.42” | “$4.44 - $4.45” | Filing ↗ |
| Narrowed | Cash G&A expenses (% of total Gross Asset Value) (4)(5) | for FY2026 | “20 - 23 bps” | “21 - 22 bps” | Filing ↗ |
| New | Growth rate at the midpoint (AFFO per share) | for FY2026 | — | “approximately 4%” | Filing ↗ |
| Raised | Investment volume (at 100%) | for FY2026 | “$9.5 billion” | “$10.0 billion” | Filing ↗ |
| Raised | Other adjustments per share (3) | for FY2026 | “$0.16” | “$0.19” | Filing ↗ |
| Raised | Real estate depreciation per share | for FY2026 | “$2.65” | “$2.66” | Filing ↗ |
| Narrowed | Same store rent growth | for FY2026 | “1.0% - 1.3%” | “1.1% - 1.3%” | Filing ↗ |
| Reiterated | Property expenses (non-reimbursable) (% of total revenue) (6) | for FY2026 | “Approx 1.5%” | “Approx 1.5%” | Filing ↗ |
| Reiterated | Income tax expenses | for FY2026 | “$100 - $110 million” | “$100 - $110 million” | Filing ↗ |
| Reiterated | Lease termination income | for FY2026 | “$45 - $50 million” | “$45 - $50 million” | Filing ↗ |
| Reiterated | Occupancy | for FY2026 | “Approx 98.5%” | “Approx 98.5%” | Filing ↗ |
Show 4 items not restated in this release
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| Not restated | Net income per share (1) | for FY2026 | “$1.65 - $1.69” | — | Filing ↗ |
| Not restated | Initial investment volume | for FY2026 | “approximately $8.0 billion” | — | Filing ↗ |
| Not restated | Other adjustments per share (2) | for FY2026 | “$0.05” | — | Filing ↗ |
| Not restated | Total operational return | for FY2026 | “approximately 9%” | — | Filing ↗ |
Current guidance
Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.
Current fiscal year
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Property expenses (non-reimbursable) (% of total revenue) (5) | “Approx 1.5%” | for FY2026 | GAAP-tied | Feb 24, 2026 | 1 | Filing ↗ |
| Property expenses (non-reimbursable) (% of total revenue) (6) | “Approx 1.5%” | for FY2026 | GAAP-tied | May 6, 2026 | 2 | Filing ↗ |
| Net income per share (1) | “$1.65 - $1.69” | for FY2026 | GAAP-tied | Feb 24, 2026 | 1 | Filing ↗ |
| Net income per share (2) | “$1.59 - $1.60” | for FY2026 | GAAP-tied | May 6, 2026 | 2 | Filing ↗ |
| AFFO per share | “$4.44 - $4.45” | for FY2026 | GAAP-tied | Feb 24, 2026 | 2 | Filing ↗ |
| AFFO per share | “$4.41 to $4.44” | for FY2026 | GAAP-tied | May 6, 2026 | 1 | Filing ↗ |
| Cash G&A expenses (% of total gross asset value) (3)(4) | “20 - 23 bps” | for FY2026 | Company-defined | Feb 24, 2026 | 1 | Filing ↗ |
| Cash G&A expenses (% of total Gross Asset Value) (4)(5) | “21 - 22 bps” | for FY2026 | Company-defined | May 6, 2026 | 2 | Filing ↗ |
| G&A expenses inclusive of stock-based compensation expense (% of total gross asset value) | “approximately 24 - 27 bps” | for FY2026 | Company-defined | Feb 24, 2026 | 1 | Filing ↗ |
| Growth rate at the midpoint (AFFO per share) | “approximately 4%” | for FY2026 | GAAP-tied | Aug 5, 2026 | 1 | Filing ↗ |
| Income tax expenses | “$100 - $110 million” | for FY2026 | GAAP-tied | Feb 24, 2026 | 3 | Filing ↗ |
| Initial investment volume | “approximately $8.0 billion” | for FY2026 | Company-defined | Feb 24, 2026 | 1 | Filing ↗ |
| Investment | “$9.5 billion” | for FY2026 | Company-defined | May 6, 2026 | 1 | Filing ↗ |
| Investment volume (at 100%) | “$10.0 billion” | for FY2026 | Company-defined | May 6, 2026 | 2 | Filing ↗ |
| Lease termination income | “$45 - $50 million” | for FY2026 | GAAP-tied | Feb 24, 2026 | 3 | Filing ↗ |
| Occupancy | “Approx 98.5%” | for FY2026 | Company-defined | Feb 24, 2026 | 3 | Filing ↗ |
| Other adjustments per share (2) | “$0.05” | for FY2026 | GAAP-tied | Feb 24, 2026 | 1 | Filing ↗ |
| Other adjustments per share (3) | “$0.19” | for FY2026 | GAAP-tied | May 6, 2026 | 2 | Filing ↗ |
| Projected annual AFFO per share growth | “3.0% to 3.7%” | for FY2026 | GAAP-tied | May 6, 2026 | 1 | Filing ↗ |
| Real estate depreciation per share | “$2.66” | for FY2026 | GAAP-tied | Feb 24, 2026 | 3 | Filing ↗ |
| Same store rent growth | “1.1% - 1.3%” | for FY2026 | Company-defined | Feb 24, 2026 | 3 | Filing ↗ |
| Total operational return | “approximately 9%” | for FY2026 | Company-defined | Feb 24, 2026 | 1 | Filing ↗ |
Next year and medium term
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Share repurchase program authorization | “up to $2.0 billion in shares” | for FY2028 | Declared action | Feb 24, 2025 | 1 | Filing ↗ |
No period stated
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Share repurchase program | “up to $2.0 billion in shares of our common stock” | — | Declared action | Feb 24, 2025 | 1 | Filing ↗ |
How one item moved
Real estate depreciation per share, for FY2025 — every statement across the year, each linked to its filing.
How your Logistics & diversified REITs sector group guides
12 companies in Logistics & diversified REITs. What they guide on, and who reported this season.
Most-guided metric families
This season’s releases
| Prologis | Oct 15, 2026 | 18 changes |
| Simon Property Group | Aug 10, 2026 | 17 changes |
| Realty Income | Aug 5, 2026 | 8 changes |
| Equinix | Jul 29, 2026 | 26 changes |
| Public Storage | Jul 29, 2026 | 19 changes |
| Ventas | Jul 29, 2026 | 14 changes |
| American Tower | Jul 28, 2026 | 39 changes |
| Extra Space Storage | Jul 28, 2026 | 6 changes |
Get this for your own peer set — Peer Guidance Briefing, $3,000.
Full history
Every metric, every release, eight quarters — the complete record as one table.
| Metric | FY2028 | FY2026 | FY2025 | FY2024 | No period |
|---|---|---|---|---|---|
| Cash G&A expenses (% of revenues) (4)(5) | — | 3 statements | 4 statements | 1 statement | — |
| G&A expenses inclusive of stock-based compensation expense (% of rental revenue, excluding reimbursements) | — | 1 statement | 3 statements | — | — |
| G&A expenses inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements | — | — | 1 statement | 1 statement | — |
| Property expenses (non-reimbursable) (% of total revenue) (5) | — | 3 statements | 4 statements | 1 statement | — |
| Net income per share (1) | — | 3 statements | 4 statements | 1 statement | — |
The full record for Realty Income and its Logistics & diversified REITs peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.
Filings
The 8 earnings releases this page is built from.
| Filed | Fiscal period | Accession | Guidance items | |
|---|---|---|---|---|
| Aug 5, 2026 | FY2026 Q2 | 0000726728-26-000044 | 12 | Open filing ↗ |
| May 6, 2026 | FY2026 Q1 | 0000726728-26-000028 | 13 | Open filing ↗ |
| Feb 24, 2026 | FY2025 Q4 | 0000726728-26-000009 | 13 | Open filing ↗ |
| Nov 3, 2025 | FY2025 Q3 | 0000726728-25-000146 | 11 | Open filing ↗ |
| Aug 6, 2025 | FY2025 Q2 | 0000726728-25-000129 | 12 | Open filing ↗ |
| May 5, 2025 | FY2025 Q1 | 0000726728-25-000093 | 11 | Open filing ↗ |
| Feb 24, 2025 | FY2024 Q4 | 0000726728-25-000049 | 14 | Open filing ↗ |
| Nov 4, 2024 | FY2024 Q3 | 0000726728-24-000127 | 14 | Open filing ↗ |
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
Report an error