Strong Investment Activity and Sourcing Volume: Realty Income invested $1.2 billion in the second quarter, achieving a 7.2% weighted average initial cash yield, which reflects a selective approach to acquisitions amidst a sourcing volume of $43 billion. This volume marks the highest quarterly figure in the company's history and is on track to surpass the previous annual high of $95 billion from 2022. The selectivity rate was under 3%, indicating discipline in investment and a focus on risk-adjusted returns.

Increased 2025 Guidance: The company raised its investment volume guidance for 2025 to approximately $5 billion, reflecting confidence in its acquisition pipeline. Additionally, Realty Income raised the low end of its AFFO (Adjusted Funds From Operations) per share guidance to a range of $4.24 to $4.28, showing an optimistic outlook on tenant performance and overall portfolio stability.

European Market Expansion: Realty Income continues to focus heavily on Europe, where 76% of its investment volume for the quarter originated. By investing $889 million in European assets, including a notable expansion into Poland, the company is capitalizing on favorable conditions like lower debt costs and a fragmented market. This strategy positions the company to tap into the growing demand for durable income solutions driven by a diverse geographic presence.