May 6 - Realty Income O.N on Wednesday raised its annual adjusted funds from operations (FFO) forecast, citing strong demand and increased investment activity.

Shares of the San Diego, California-based company rose about 1% in after-hours trading.

• The company said it expects 2026 adjusted FFO per share to range between $4.41 and $4.44, compared with its previous guidance of $4.38-$4.42

• In March, Realty Income announced it will get $1 billion from asset manager Apollo Global Management APO.N and affiliates for a 49% interest in a new joint venture that is expected to own a portfolio of single-tenant retail properties with long-term net leases.

• Maintains its annual same-store rent growth guidance at 1.0% to 1.3%

• Realty Income has a portfolio of more than 15,500 properties leased to over 1,786 clients across the retail, restaurant, industrial and gaming industries.

• The company reported adjusted FFO of $1.13 per share for the quarter ended March 31, above analysts' estimates of $1.10, according to data compiled by LSEG.

• Realty Income, which counts Walgreens and Dollar General among its customers, posted first-quarter revenue of $1.55 billion, compared with estimates of $1.45 billion.

• The company bumped up its full-year investment guidance to $9.5 billion from $8 billion.