Earnings GrowthRealty Income's initial FY25 AFFO/sh guidance implies just 1.4% growth, falling short of consensus and peers' growth profiles.
Financial PerformanceInterest cost headwinds are limiting AFFO per share growth in the estimated years ahead.
Tenant DiversificationTenant concentrations are increasing, with Realty Income deriving more than a quarter of its rents from C-stores, grocers, and dollar stores, raising concerns about diversification.