Key Takeaways
- O raised its 2026 investment target to $9.5B from $8.0B after deploying $2.8B in Q1.
- O’s Q1 mix: $1.58B acquisitions, $155.8M development, plus $1.03B in loans and financing.
- O added an Apollo JV and a $1.7B fund raise; Q1 AFFO/share was $1.13, and occupancy hit 98.9%.
Realty Income’s (O Quick QuoteO – Free Report) higher 2026 investment target looks like a clear vote of confidence in its deal pipeline. The REIT lifted expected investment volume to $9.5 billion from $8.0 billion after putting $2.8 billion to work in the first quarter, including $2.6 billion at its pro-rata share.
The company’s investments were not limited to one track. In the first quarter, Realty Income completed $1.58 billion of real estate acquisitions, added $155.8 million in development-related investments and made about…
