Realty Income forecasts annual FFO below estimates on slowing demand, higher costs
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Shares of the company fell 0.9% in after-hours trading.
The San Diego, California-based company said it expects adjusted 2026 FFO per share between $4.38 and $4.42. The midpoint is slightly below analysts’ average estimate of $4.46 per share, according to data compiled by LSEG.
It also expects annual same-store rent growth of 1% to 1.3%, compared with 1.3% growth in 2025.
Realty Income has a portfolio of more than 15,600 commercial properties leased to over 1,600 clients across the retail, restaurant, industrial and gaming industries.
The company reported adjusted FFO of $1.08 per share for the quarter ended December 31, in line with analysts’ average estimates.
Realty Income, which counts Walgreens and Dollar General among its customers, posted fourth-quarter revenue of $1.49 billion, compared with estimates of $1.43 billion.
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