Realty Income Corporation (O)BofA Securities 2025 Global Real Estate Conference Transcript

Jana Galan
Research Analyst

Good afternoon, and welcome to Bank of America’s 2025 Global Real Estate Conference. I’m Jana Galan, and I cover the net lease REITs at BofA. Very honored to be kind of closing out the roundtable discussions this early evening with Realty Income. We have from Realty Income, President and CEO, Sumit Roy; and Chief Financial Officer and Treasurer, Jonathan Pong.

Thank you guys so much for the time. We’ll start out — I’ll turn it over to Sumit for a couple of opening remarks, and then happy to have anyone jump in with questions or I can start with a few I’ve prepared.

Sumit Roy
President, CEO & Director

Thank you, Jana. I don’t have my glasses, so this is going to be interesting. Good afternoon, and thank you for the time today.

Before we begin, I want to remind everyone that some of the comments made today may include forward-looking statements based on our current expectations and assumptions. Actual results may differ materially, and we do not undertake any obligation to update these statements. We may also reference certain non-GAAP financial measures, which are intended to provide additional insight into our performance, but should be considered alongside the most direct comparable GAAP measures. For more information, please refer to our recent SEC filings or visit our website.

Now that we’ve got that out of the way. Our results for the first half of 2025 illustrate our focus on thoughtful, disciplined growth and the power of our global platforms’ size and scale. Realty Income’s differentiated