11:50 AM EST, 11/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our price target by $2 to $60, implying 13.2x our 2026 FFO estimate, a slight discount to O's three-year average multiple of 13.9x given slower same-store growth and increasing competition in the triple-net leasing space. We lift our 2025 FFO estimate to $4.26 from $4.22 and 2026's by $0.18 to $4.55. Higher G&A expenses mixed with leasing commissions were headwinds to further FFO growth in Q3. We continue to see positive spreads from O's European acquisitions vs. domestic properties, a trend we believe will continue in 2026, aided by 10 bps lower borrowing costs. Increasing competition from Blackstone, BlackRock, and Starwood has been the primary reason behind the European pivot according to management (Europe represents 17% of ABR). We note that same-store revenue growth slowed Q/Q and believe 2026 guidance may be lower than expected when O reports Q4 results. O's new private credit platform provides a lower-cost equity source and allows it to pursue a wider range of deals with fee-related income.