Realty Income Corp

O remains in a Stage 2 advancing regime with a clear uptrend, but price is currently extended above rising EMAs and in extreme overbought territory. The active Bullish Exhaustion pattern at the recent peak signals weakening upside momentum and raises the likelihood of a corrective pullback. Short-term execution is unfavorable, so we defer until price retraces into the rising EMA support zone for optimal entry.

• ↑Q4 AFFO per share of $1.08 and $4.28 annual AFFO ensure stable cash generation.
• ↑98.9% occupancy with a 103.9% rent recapture rate underscores portfolio strength.
• ↓0.4%–0.5% rental revenue risk from tenant defaults may reduce AFFO.