Realty Income — Aug 6, 2025 release

These results were bolstered by our growing presence in Europe, which accounted for 76% of our investment volume. Supported by consistent first half operating results and a robust pipeline of opportunities, we're pleased to increase our 2025 investment guidance to approximately $5.0 billion and raise the low-end of our AFFO per share guidance to a range of $4.24 - $4.28." "With global reach for product, a data-driven approach to underwriting and portfolio management, and access to a deep and diverse pool of capital, Realty Income offers a unique value proposition. Looking ahead, we remain focused on generating favorable risk-adjusted returns and delivering consistent, long-term value to our shareholders." Select Financial Results The following summarizes our select financial results (dollars in millions, except per share data): Three months ended June 30, Six months ended  June 30, 2025 2024 2025 2024 Total revenue $ 1,410.4 $ 1,339.4 $ 2,790.9 $ 2,599.9 Net income available to common stockholders (1) (2) $ 196.9 $ 256.8 $ 446.7 $ 386.5 Net income per share $ 0.22 $ 0.29 $ 0.50 $ 0.45 Funds from operations available to common stockholders (FFO) (3) $ 955.7 $ 929.1 $ 1,893.4 $ 1,714.8 FFO per share $ 1.06 $ 1.07 $ 2.11 $ 2.01 Normalized funds from operations available to common stockholders (Normalized FFO) (3) $ 956.1 $ 931.9 $ 1,894.0 $ 1,811.7 Normalized FFO per share $ 1.06 $ 1.07 $ 2.11 $ 2.12 Adjusted funds from operations available to common stockholders (AFFO)