Realty Income Q2 2026: Net income +75% to $344.0M; invested in H1 at 7.2% yield

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income rose 74.7% to $344.0M in Q2 2026, while revenue grew 9.7% to $1.55B. Diluted EPS increased 68.2% to $0.37. The company invested $5.3B ($4.7B pro-rata) in H1 2026 at a 7.2% initial cash yield, more than double the $2.5B deployed in H1 2025.

  MD&A: Investment Activity & Key Financials verify on EDGAR →
• high

  Announced $1.4B commitment for 45% stake in Cloud Capital hyperscale data center JV valued at $6.0B+, with 15-20 year leases. First stabilized asset closed post-quarter; two development assets to follow upon stabilization. Represents entry into data center sector.

  MD&A: Cloud Capital JV verify on EDGAR →
• high

  Closed $1.0B Apollo strategic investment for 49% interest in JV holding 492 retail properties, establishing MIRAA platform for institutional co-investment. Fund called $948M of third-party capital in H1 2026, diluting company ownership from unstated prior level to 26.8%, then 23.6% after July 1 capital call.

  MD&A: Apollo JV & Fund Dilution verify on EDGAR →