1. Realty Income, with a 30-year history of dividend growth, faces disappointment regarding 2025 guidance; 2. Despite solid 2024 results with a 4.8% AFFO per share growth, 2025 guidance is only expected to grow by 1.4%; 3. High interest rates, upcoming debt refinancing, and tight investment spreads are constraining Realty Income's growth; 4. The recommendation is to hold the stock due to its strong balance sheet, reliable dividends, and income potential, but caution is advised for investors expecting substantial growth.