Realty Income Stock Price, News & Analysis

Orion (NYSE: ONL) announced on November 26, 2025 that a director nomination notice submitted by The Kawa Fund Limited ("Kawa") is invalid because it failed to meet several requirements in Orion's bylaws, including proof that Kawa is a record holder of common stock.

The Board said Kawa's notice lacked other required disclosures, including substantive plans for the company, and therefore Kawa is not entitled to nominate candidates for election at the 2026 annual meeting. Orion said no stockholder action is required now and that it will announce the meeting date and file proxy materials with the SEC in due course.

Orion Properties (NYSE: ONL) confirmed receipt of a notice from Kawa Capital Management nominating five individuals for election to Orion's Board of Directors at the 2026 Annual Meeting of Stockholders. The Board's Nominating and Corporate Governance Committee will review the nominees under the company's process and guidelines. The Board will state its formal recommendation in the company's proxy statement, which will be filed with the SEC and mailed to eligible stockholders. The company said no stockholder action is required at this time and the 2026 meeting date has not yet been scheduled.

Realty Income (NYSE: O) closed a £900 million Sterling-denominated unsecured term loan on Nov 18, 2025. The loan initially matures in January 2028 with one twelve-month extension option.

Proceeds will repay outstanding Sterling borrowings on the company’s $4.0 billion multicurrency revolver and pre-fund the refinancing of a January 2026 multi-currency term loan that includes a £705 million Sterling tranche. Ratings-based pricing sets the spread at 80 basis points over SONIA. Realty Income executed two-year variable-to-fixed swaps to fix the weighted average interest rate at 4.3% per annum over the initial term. Ten lenders participated; Toronto Dominion (Texas) LLC is Administrative Agent.

Modiv Industrial (NYSE:MDV) reported third quarter 2025 results for the period ended September 30, 2025. Revenue was $11.7 million and net income attributable to common stockholders was $0.3 million. AFFO was $4.5 million or $0.36 per diluted share, a 22% increase versus the year-ago quarter and $0.02 above consensus.

The company operates a 43-property portfolio with annualized base rent of $38.9 million, WALT of 14.2 years, $8.3 million unrestricted cash, $30 million revolver availability, 100% fixed-rate debt at a 4.27% weighted average, and a 48% leverage ratio.

Realty Income (NYSE: O) declared its 665th consecutive monthly dividend of $0.2695 per share (annualized $3.234). The dividend is payable on December 15, 2025 to shareholders of record as of November 28, 2025. As of September 30, 2025, the company reports a portfolio of over 15,500 properties across all 50 U.S. states, the U.K. and seven other European countries.

The company notes it is a member of the S&P 500 Dividend Aristocrats for >30 consecutive years of dividend increases and includes customary forward-looking risk disclosures about dividend continuity and market risks.

Orion Properties (NYSE: ONL) reported third-quarter 2025 results on November 6, 2025, highlighting portfolio transformation through disposals, leasing and an improved 2025 outlook.

Key metrics: Q3 revenue $37.1M; net loss $(69.0)M ($(1.23)/share); Core FFO $11.0M ($0.19/share); FFO $6.6M ($0.12/share); EBITDAre $15.1M. Year-to-date disposals total $64.4M (8 properties) and YTD leasing reached 919,000 sq ft (303,000 sq ft in Q3). Portfolio: 63 operating properties, annualized base rent $113.9M, occupancy 72.8% (74.5% adjusted) and WALT 5.8 years. Liquidity: $273.0M. Board declared a $0.02 per-share Q4 2025 dividend payable Jan 15, 2026. Management tightened 2025 guidance: Core FFO $0.74–$0.76 and Net Debt/Adj. EBITDA 6.7x–7.2x.

Realty Income (NYSE: O) reported results for the three and nine months ended September 30, 2025, and updated guidance on November 5, 2025. For Q3 2025, net income to common was $315.8M ($0.35/share) and AFFO was $1.08 per share. The company invested $1.4B at an initial weighted average cash yield of 7.7% and reported total revenue of $1,470.6M. Portfolio occupancy was 98.7% and rent recapture on re-leased properties was 103.5%. Management raised 2025 AFFO guidance to $4.25–$4.27 and investment volume guidance to about $5.5B. Liquidity included $3.5B and unsettled ATM forward proceeds of ~ $1.0B.

Realty Income (NYSE: O) on October 14, 2025 announced the appointment of Kim Hourihan to its Board of Directors. Ms. Hourihan is Managing Director and Global Head of Strategy at Invesco Real Estate, which manages $90.1 billion of assets, and previously held CIO roles at CBRE Investment Management, which manages $155.3 billion. Realty Income said her global real estate and private fund management experience will support the company's global expansion and capital diversification efforts.

The company noted its portfolio exceeds 15,600 properties across the U.S., U.K. and seven other European countries and referenced its history of 664 consecutive monthly dividends.

Realty Income (NYSE: O) declared its 664th consecutive monthly dividend of $0.2695 per share, equal to an annualized amount of $3.234 per share. The dividend is payable on November 14, 2025 to shareholders of record as of October 31, 2025. Realty Income notes its long track record of monthly payouts and membership in the S&P 500 Dividend Aristocrats for 30+ years.