The real estate investment trust (REIT) has also raised its dividend for 115 consecutive quarters. Its current monthly dividend is $0.271 per share, or $3.252 annually, with the stock trading around $63 per share. Realty Income reported Q2 adjusted funds from operations (AFFO) of $1.09 per share, up 3.8% year-over-year, with a payout ratio of 74.5%. Management also raised its 2026 AFFO-per-share guidance to $4.44-$4.45, implying 3.0% to 3.7% growth, supporting the dividend's sustainability despite risks from higher interest rates and modest dividend growth.