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Full analysis of Realty Income Corporation stock
Realty Income Corporation (O) stock analysis
$56.34 +16.82% over 12 months Updated daily · last update: June 10, 2026
Realty Income Corporation (O) is a company in the REIT - Retail industry, listed on NYSE, with a market capitalisation of 52.5 billion USD. The stock trades at 56.34 USD, 17% below its 52-week high.
Against trailing twelve-month earnings, the price asks 51.7 times profit, versus 11.4 times for the industry median. Return on equity stands at 2.9%, against an industry median of 6.9%. Revenue has grown 28.4% a year over the past five years.
Over the past twelve months the stock returned +16.8%, against +24.8% for SPY over the same period. The analysis below covers valuation, profitability, growth, the balance sheet and price behaviour, with data updated daily.
Realty Income Corporation (O) stock: key data
Price, earnings and risk at a glance. Tap any figure to see what it means.
Realty Income share price today
The stock sits 25% of the way between its one-year low and high and below its 50- and 200-day averages.
- Openi$55.95The price at which Realty Income Corporation shares first traded in the latest session.
- Closei$56.34↑ 3.9%The price of the last Realty Income Corporation trade in the session that closed.
- Day rangei$55.71 - $56.52The lowest and highest price Realty Income Corporation shares reached in that session.
- Volumei5.57M↓ 39.7%How many Realty Income Corporation shares changed hands in the latest session.
- 52-week rangei$52.59 - $67.35The lowest and highest price of Realty Income Corporation shares over the past year.
- Position in the 52-week rangei20%Where the current price of Realty Income Corporation shares sits between the low and the high of the past year. 100% means right at the high.
- 50-day averagei$62.29The average price of Realty Income Corporation shares over the last 50 sessions. Shows the short-term trend.
- 200-day averagei$59.40The average price of Realty Income Corporation shares over the last 200 sessions. Shows the long-term trend.
- Market capi$52.54BThe market value of all Realty Income Corporation shares combined.
Realty Income earnings and valuation
Earnings per share rose 17.9% versus the same quarter last year. At today's price, you pay 42 times annual earnings.
- Earnings per sharei$1.22↑ 17.9%How much net profit belongs to a single Realty Income Corporation share over the last twelve months.
- Estimated earnings, current yeari$1.54↑ 26.6%The earnings per share analysts expect from Realty Income Corporation for the current financial year.
- Estimated earnings, next yeari$1.72↑ 11.4%The earnings per share expected from Realty Income Corporation for the following financial year.
- Revenue per sharei$6.46How much of the annual sales of Realty Income Corporation belongs to a single share.
- Book value per sharei$41.98How much Realty Income Corporation equity belongs to one share, once debt is subtracted from assets.
- Revenue, last 12 monthsi$5.93B↑ 9.1%Total Realty Income Corporation sales across the last four reported quarters.
- Price / earningsi42.06xHow many years of current profit a Realty Income Corporation share costs at today price.
- Forward price / earningsi38.91xThe same ratio, but against the profit Realty Income Corporation is expected to make next year.
- PEGi5.75xThe price/earnings ratio of Realty Income Corporation divided by its growth rate. Below 1 is considered cheap relative to how fast it grows.
- Enterprise value / EBITDAi17.90xThe price of the whole Realty Income Corporation business, debt included, against operating profit before depreciation.
Realty Income risk and dividends
The stock moves less than the market, and some investors are betting on a fall.
- Net margini21.23%↑ 1.4 ppHow much net profit Realty Income Corporation keeps out of every unit of sales.
- Return on equityi3.24%How much net profit Realty Income Corporation produces from shareholder money.
- Dividend yieldi5.23%How much Realty Income Corporation pays out in dividends each year, relative to the share price.
- Dividend per sharei$3.25↑ 0.3%The estimated annual amount received for each Realty Income Corporation share held.
- Payout ratioi87.00%What share of Realty Income Corporation profit goes back to shareholders as dividends. The rest stays in the company.
- Betai0.61How strongly Realty Income Corporation shares move against the market. 1 means the same, above 1 means wider swings.
- Debt / equityi0.83How much debt Realty Income Corporation carries for every unit of equity.
- Short interest as % of floati4.08%What share of freely tradable Realty Income Corporation stock is sold short, as a bet on a decline.
- Days to cover short positionsi6.29How many normal trading days it would take to close every short position on Realty Income Corporation.
Some values update after the trading session opens, others are recalculated after it closes.
Is Realty Income stock worth buying? The analysis in brief
The nine things an investor checks before buying, each with its own sign.
9 signs for Realty Income
- Business quality
- Price risk
- What large investors do
and 6 more signs
See them free with an account
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Latest news on Realty Income
All newsIndicators for Realty Income Corporation (O) stock
How good the business is, how expensive the price is, and what the chart is doing for O stock.
Scores for Realty Income
- Fundamentals
- Valuation
- Technicals
Each score brings several indicators together into one rating, easy to compare across companies.
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Each score’s rating, the indicators behind it and the full calculation.
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Realty Income Corporation (O) stock: arguments for and against
What supports and what weakens the investment case for O stock
16 for and 12 against
The count is not the verdict. Some arguments carry more weight than others, and the verdict weighs them all.
For16
Realty Income Corporation (O) shares come from a business growing at 28.4% a year.
Sales are rising 28.4% a year. Companies in the Real Estate sector grow 7.6% a year on average.
Realty Income Corporation shares pay 5.7% a year, above the sector.
The dividend yields 5.7% a year. REITs must distribute by law, so yields across the sector are structurally higher: 4.3%.
Free cash equal to 7.8% of the share price is left over each year.
Unlike net income, free cash flow is not crushed by depreciation of buildings - so in real estate it shows the real picture. Here it is 7.8% of the price, against 6.0% for companies in the Real Estate sector.
Against12
For shareholders, the business earns 3.2% a year, below the sector.
The accounting return is 3.2%, but in real estate depreciation of buildings lowers it without touching the cash coming in. Companies in the Real Estate sector produce 6.8%.
Out of every 100 units sold, only 21.2% is left as profit.
21.2% of sales is left as net profit, but in real estate a good part of the gap is depreciation of buildings - a charge on paper. Companies in the Real Estate sector retain 32.4%.
Capital costs 3.7 points more than it produces.
The 3.7 point gap comes partly from depreciation of buildings, which lowers the accounting return without lowering receipts. In real estate this ratio should be read with care.
Our verdict on Realty Income Corporation stock
The Realty Income Corporation score from 0 to 100, built from over 400 financial indicators. Not investment advice.
Today's verdict for Realty Income
Which of the five tiers Realty Income sits on, with its score and the reasoning behind it.
- The score from 0 to 100 and its tier
- The reasoning: what pushes the score up and what pulls it down
- Fair value and projections, in the same analysis
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How often we were right
63%of “Very attractive” verdicts proved right over 2 years: the stock beat the typical company.
Picking at random, you would be right 50% of the time, because half of all stocks beat the typical company. “Very attractive” stocks returned a median +47.7% over 2 years, against +27.6% for the typical company.
- Very attractivemedian return +47.7%63%
- Attractivemedian return +37.7%55%
- Neutralmedian return +27.6%predicts no direction
- Unattractivemedian return +21.3%55%
- Very unattractivemedian return +14.3%58%
Measured on 21,538 assessments that called a direction, not on a few hand-picked examples: 57% were right. The more cases there are, the harder it is to stay above 50%, because luck cancels out. For the negative tiers, a verdict is right when the stock stays below the typical company.
We publish and keep the full history of the verdicts we have given for every company. For transparency and honesty.
Analysis produced automatically by einvestitii.ro, on data as of October 3, 2026. It is not investment advice. Who produces it, what it rests on and what conflicts of interest exist: see the full disclosure.
What it is really worth
Value & Valuation
The market price is what buyers are asking today. Here we work out what the share should cost based on the company’s own figures: using the valuation models professional investors rely on, the growth the current price assumes, and the target set by the analysts who follow the company.
Analyst rating and price target for Realty Income
What the 23 analysts covering Realty Income think and where they see the price in 12 months. These are their estimates, not ours.
Worth watching
What do analysts recommend for Realty Income stock?
Hold
Of the 23 analysts, 6 rate it a buy, 17 a hold and 0 a sell. The average is 3.48 out of 5.
- Strong buy522%
- Buy14%
- Hold1774%
- Sell00%
- Strong sell00%
Good sign
What is the price target for Realty Income stock?
$68.45, 21.5% above today's price.
The stock is 7% above its one-year low and 16% below its high.
- 1-year low
- $52.59
- Price target
- $68.45
- Today's price
- $56.34
- 1-year high
- $67.35
Warning sign
How are analysts revising their estimates for Realty Income?
0 raised · 1 lowered
Revisions over the past 30 days.
Good sign
How much do analysts expect Realty Income's earnings to grow?
+11.43%
The average earnings growth analysts expect.
Good sign
How many analysts cover Realty Income stock?
23
The more analysts cover a company, the sturdier their average estimate.
All analyst data 8
| Average rating | 3.48 out of 5 |
|---|---|
| Price target | $68.45 |
| Price today | $56.34 |
| Rise from the low of the past year | +7.13% |
| Fall from the high of the past year | −16.35% |
| Revisions, last 30 days | 0 / 1 |
| Expected earnings growth | +11.43% |
| Analysts covering | 23 |
Analyst estimates, third-party source. These are not our verdict.
Realty Income Corporation (O) stock fair value
What Realty Income Corporation shares should cost, judged by the cash the business generates, by its growth and margins, and by what the market pays for similar companies.
What is one Realty Income share really worth?
- Fair value
- Today's price
- $56.34
What one Realty Income share should cost based on the company’s numbers, and how far today’s price is from that value.
See the answer with a free account
- How far today’s price is above or below fair value
- How much you can rely on the estimate and how far the models disagree
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These are estimates, not price targets. Tested on large US companies from 2018 to 2025, fair value did not anticipate 12-month returns: it is a price reference, not a buy signal.
Realty Income stock price projections
These are not forecasts. The range shows where the price ended up in 8 cases out of 10 for stocks with the same volatility. It carries no view on the company.
Projections for Realty Income
- 6 months
- 12 months
- 3 years
- 5 years
For each horizon, the range the price reached for stocks with the same volatility as Realty Income.
- The exact prices: low end, midpoint and high end
- Where today’s price sits in the range and how far each end is
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How often the ranges were right
79%of cases, over 6 months, the actual price landed inside the range.
Measured on 29,357 cases, large US stocks, from January 2023 to December 2025: the range calculated at the time, compared with the final price.
Model target: 80%
- 6 months79%
- 12 months79%
- 3 years87%
- 5 years85%
These are the model’s rates, checked against real past prices, not picked for Realty Income.
Calculated on June 11, 2026.
The ranges are computed automatically by our own statistical model from historical prices.
This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology
How the business is actually doing
The Business & Its Results
Fundamental analysis of Realty Income Corporation (O) stock: how profitable the business is, how fast it grows, and how well it turns capital into profit. Across the three, the fundamental score comes to 37.8 out of 100, with growth the strong point and value the weak one.
Realty Income profitability, growth and earnings quality
Four questions about the Realty Income business, each scored from 0 to 100 against companies in the Real Estate sector.
Bad sign
How profitable is Realty Income?
39 out of 100
Realty Income earns 3.1% a year on the capital invested in the business.
The Real Estate sector median is 4.5%. Realty Income does better than 11% of companies in its sector.
- Return on invested capital (ROIC)Profit generated from all capital employed, equity and debt alike. Above the cost of capital (WACC) means value is created. Above 15% is very good.
- Return on equity (ROE)How much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
- Net profit marginThe margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
- Return on assets (ROA)How much profit the company draws from the assets it owns. Above ~5% is solid, though it varies widely by industry.
- Free cash flow marginHow much of sales is left as free cash after investment. Above ~15% is very healthy.
- Gross profitabilityGross profit against assets, the quality measure proposed by Novy-Marx. High readings point to a durable competitive advantage.
- Cash operating profitabilityProfitability measured on cash actually collected, not on accounting profit. High readings mean reported profit is backed by real money.
- ROIC above the cost of capitalThe gap between the return on capital and what that capital costs. Positive means invested capital adds value. Negative means it destroys value.
Good sign
How fast is Realty Income growing?
68 out of 100
Over the past five years, earnings per share rose by an average of 0.4% a year, and revenue rose by 28.4% a year.
On revenue, Realty Income is above the sector median of 7.6%.
- Earnings per share growthAverage yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
- Revenue growthAverage yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
- Net income growthAverage yearly growth in net income. Steady and positive points to a predictable business model.
- Free cash flow growthAverage yearly growth in free cash flow. Keeping pace with profit means growth is backed by real money.
- Rule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.
Good sign
Are Realty Income's earnings backed by real cash?
72 out of 100
The classic tests give a mixed result for the earnings reported by Realty Income.
The Piotroski score is 5 out of 9. The Beneish score, -3.27, is below the -1.78 threshold at which earnings manipulation is suspected.
- Piotroski F-scoreNine financial health checks; each one passed adds a point. 7 or more means improving fundamentals.
- Beneish M-scoreModel that detects patterns of aggressive accounting. Below −1.78 means no signals of aggressive reporting. A statistical test, not an accusation.
- Montier C-scoreSix warning signals about the quality of accounting. 0-1 is clean; 4 or above calls for caution.
- Accruals ratio (Sloan)How much of reported profit is accounting only, rather than cash collected. Low or negative means profit is backed by real money.
- Dilution from stock-based payHow much of shareholders' stake is diluted by shares granted to employees. Below 2% a year is bearable dilution.
Worth watching
How efficiently does Realty Income use its capital?
51 out of 100
Realty Income collects cash from customers 134 days before it pays its suppliers.
A negative cycle means suppliers effectively finance the inventory. Realty Income does better than 83% of companies in its sector.
- Cash conversion cycleHow many days pass between paying suppliers and collecting from customers. Low or negative means the company funds operations with its partners' money.
- Cash conversion cycle, 5-year averageThe five-year average of the conversion cycle, it shows consistency, not just this year. Stable and low means durable operational discipline.
- Cash conversion of earningsHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
- ROIC above the cost of capital, 5 yearsThe same gap between the return on capital and its cost, but computed on the five-year average return rather than the current year. Positive and stable means growth worth financing.
The scores compare Realty Income with companies in the same sector; they are not absolute grades. A low score means the sector does better, not necessarily that the numbers are poor.
Realty Income financial statements: revenue, profit, balance sheet and cash
The income statement, balance sheet and cash flows of Realty Income Corporation. Totals and main components are shown by default; the rest open from “all rows”.
Realty Income financial results: what the numbers say
The fiscal year ended December 31, 2025, explained in plain language.
Mixed results
Strengths: profits turn into real cash and revenue is growing. Worth watching: debt is high.
- RevenueStrong$5.75 bn+9.1% vs 2024
Revenue grew 9.1% from 2024. Over 4 years, it is up 176% in total. It is the best year of the last 5 reported.
- Net incomeStrong$1.06 bn+23.0% vs 2024
18.4% of revenue was left as net profit, compared with 16.3% in 2024. Net income rose 23.0%.
- Free cash flowVery strong$3.99 bn+15.7% vs 2024
After investment, $3.99 bn was left as free cash, or 377% of net income. That is 15.7% more than the year before.
- DebtVery weak$30.94 bn7.78x EBITDA
Financial debt of $30.94 bn equals 7.78 times annual operating profit (EBITDA). Over 4 years, debt is up 100%.
- Returned to shareholdersVery weak$2.92 bn73% of free cash flow
The company paid $2.92 bn to shareholders in dividends. The share count is up 118% over 4 years, so each share now owns a smaller slice of the profits.
Latest quarterMissed estimates
In the quarter ended March 31, 2026, revenue came in at $1.55 bn and net income at $311.8 m. Earnings per share of $0.34 missed the analyst estimate ($0.38) by 10.5%.
Compared with its sector
How the company's margins and returns compare with the rest of its sector.
Figures come from the company's annual and quarterly reports, and the explanations are generated automatically from the same figures. For education only, not investment advice.
revenue$5.75 bn+9.1%201620252016$1.10 bn2017$1.22 bn2018$1.33 bn2019$1.49 bn2020$1.65 bn2021$2.08 bn2022$3.34 bn2023$4.08 bn2024$5.27 bn2025$5.75 bn
operating income$1.63 bn−29.9%201620252016$538.4 m2017$589.1 m2018$637.6 m2019$739.1 m2020$792.2 m2021$952.0 m2022$1.31 bn2023$1.72 bn2024$2.32 bn2025$1.63 bn
net income$1.06 bn+23.0%201620252016$315.6 m2017$318.8 m2018$363.6 m2019$436.5 m2020$395.5 m2021$359.5 m2022$869.4 m2023$872.3 m2024$860.8 m2025$1.06 bn
| 2025Δ 2024 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| $5.75 bn100%+9.1% | $5.27 bn100% | $4.08 bn100% | $3.34 bn100% | $2.08 bn100% | $1.65 bn100% | |
Everything the company collected from sales, before any expense. At Realty Income Corporation, in 2025: $5.75 bn · Δ +9.1% (2024). | ||||||
| $586.4 m10.2%+55.3% | $377.7 m7.2% | $317.0 m7.8% | $226.3 m6.8% | $133.6 m6.4% | $104.6 m6.4% | |
What it cost to produce what was sold: materials, labour, the factory. At Realty Income Corporation, in 2025: $586.4 m · Δ +55.3% (2024). | ||||||
| $5.16 bn89.8%+5.5% | $4.89 bn92.8% | $3.76 bn92.2% | $3.12 bn93.2% | $1.95 bn93.6% | $1.54 bn93.6% | |
What is left from sales after the direct cost of the product, before admin salaries and research. At Realty Income Corporation, in 2025: $5.16 bn · Δ +5.5% (2024). | ||||||
| gross margin | 89.8%89.8% | 92.8%92.8% | 92.2%92.2% | 93.2%93.2% | 93.6%93.6% | 93.6%93.6% |
| -- | -- | $00.0% | $00.0% | $00.0% | $00.0% | |
Money put into tomorrow’s products: research, engineering, software. | ||||||
| $253.0 m4.4%+43.0% | $176.9 m3.4% | $144.5 m3.5% | $138.5 m4.1% | $97.0 m4.7% | $73.2 m4.4% | |
Sales and admin salaries, marketing, rent, everything that keeps the company running. At Realty Income Corporation, in 2025: $253.0 m · Δ +43.0% (2024). | ||||||
| $4.12 bn71.7%+39.7% | $2.95 bn56.0% | $2.36 bn57.8% | $2.04 bn60.9% | $1.13 bn54.2% | $854.9 m51.9% | |
The sum of all costs: cost of product plus operating expenses. At Realty Income Corporation, in 2025: $4.12 bn · Δ +39.7% (2024). | ||||||
| $3.54 bn61.5%+37.4% | $2.57 bn48.8% | $2.04 bn50.0% | $1.81 bn54.1% | $994.8 m47.8% | $750.3 m45.6% | |
The sum of expenses that do not go directly into the product. At Realty Income Corporation, in 2025: $3.54 bn · Δ +37.4% (2024). | ||||||
| $1.63 bn28.3%−29.9% | $2.32 bn44.0% | $1.72 bn42.2% | $1.31 bn39.1% | $952.0 m45.8% | $792.2 m48.1% | |
Profit from the core business, before interest and tax. At Realty Income Corporation, in 2025: $1.63 bn · Δ −29.9% (2024). | ||||||
| operating margin | 28.3%28.3% | 44.0%44.0% | 42.2%42.2% | 39.1%39.1% | 45.8%45.8% | 48.1%48.1% |
| $3.55 bn61.8%−18.0% | $4.33 bn82.1% | $3.60 bn88.3% | $2.98 bn89.1% | $1.85 bn88.9% | $1.38 bn83.9% | |
Profit before interest, tax and depreciation. Close to the cash the business produces. At Realty Income Corporation, in 2025: $3.55 bn · Δ −18.0% (2024). | ||||||
| $1.08 bn18.8%−44.2% | $1.93 bn36.7% | $1.71 bn41.9% | $1.31 bn39.1% | $952.0 m45.8% | $704.9 m42.8% | |
Profit before interest and tax. At Realty Income Corporation, in 2025: $1.08 bn · Δ −44.2% (2024). | ||||||
| Depreciation and amortisation | $2.47 bn43.0%+3.2% | $2.40 bn45.4% | $1.90 bn46.5% | $1.67 bn50.0% | $897.8 m43.2% | $677.0 m41.1% |
| Reconciled depreciation | $2.52 bn43.9%+5.4% | $2.40 bn45.4% | $1.90 bn46.5% | $1.67 bn50.0% | $897.8 m43.2% | $677.0 m41.1% |
| Interest income | $15.3 m0.3%+363% | $3.3 m0.1% | $73.5 m1.8% | $19.8 m0.6% | $1.8 m0.1% | $4.6 m0.3% |
| Interest expense | $1.11 bn19.2%+10.9% | $998.1 m18.9% | $779.0 m19.1% | $445.4 m13.3% | $319.1 m15.3% | $309.3 m18.8% |
| Net interest income | −$1.14 bn-19.9%−11.5% | −$1.02 bn-19.4% | −$737.6 m-18.1% | −$465.2 m-13.9% | −$323.6 m-15.6% | −$305.2 m-18.5% |
| -- | -- | -- | $127.4 m3.8% | −$30.3 m-1.5% | $66.4 m4.0% | |
Gains and losses that do not come from the core business. | ||||||
| −$548.5 m-9.5%+60.5% | −$1.39 bn-26.3% | −$793.4 m-19.5% | −$390.9 m-11.7% | −$559.6 m-26.9% | −$381.0 m-23.1% | |
The balance of all non-operating income and expense. At Realty Income Corporation, in 2025: −$548.5 m · Δ +60.5% (2024). | ||||||
| $1.08 bn18.8%+15.5% | $933.9 m17.7% | $928.9 m22.8% | $917.6 m27.4% | $392.4 m18.9% | $411.2 m25.0% | |
Profit left after interest, but before the state takes its share. At Realty Income Corporation, in 2025: $1.08 bn · Δ +15.5% (2024). | ||||||
| $20.0 m0.3%−70.0% | $66.6 m1.3% | $52.0 m1.3% | $45.2 m1.4% | $31.7 m1.5% | $14.7 m0.9% | |
Income tax owed for the period. At Realty Income Corporation, in 2025: $20.0 m · Δ −70.0% (2024). | ||||||
| Tax provision | $85.3 m1.5%+28.1% | $66.6 m1.3% | $52.0 m1.3% | $45.2 m1.4% | $31.7 m1.5% | $14.7 m0.9% |
| Minority interest | −$11.2 m-0.2%−70.4% | −$6.6 m-0.1% | −$4.6 m-0.1% | $3.0 m0.1% | $1.3 m0.1% | $1.0 m0.1% |
| $1.07 bn18.6%+23.3% | $867.3 m16.5% | $876.9 m21.5% | $872.4 m26.1% | $360.7 m17.3% | $391.9 m23.8% | |
Profit from the businesses the company will still have next year. At Realty Income Corporation, in 2025: $1.07 bn · Δ +23.3% (2024). | ||||||
| $1.06 bn18.4%+23.0% | $860.8 m16.3% | $872.3 m21.4% | $869.4 m26.0% | $359.5 m17.3% | $395.5 m24.0% | |
The profit left for shareholders after absolutely every expense. At Realty Income Corporation, in 2025: $1.06 bn · Δ +23.0% (2024). | ||||||
| net margin | 18.4%18.4% | 16.3%16.3% | 21.4%21.4% | 26.0%26.0% | 17.3%17.3% | 24.0%24.0% |
| $1.06 bn18.4%+24.8% | $847.9 m16.1% | $872.3 m21.4% | $869.4 m26.0% | $359.5 m17.3% | $395.5 m24.0% | |
The share of profit that belongs to ordinary shares. At Realty Income Corporation, in 2025: $1.06 bn · Δ +24.8% (2024). | ||||||
revenue$1.55 bn+12.2%Q2 24Q1 26Q2 24$1.34 bnQ3 24$1.33 bnQ4 24$1.34 bnQ1 25$1.38 bnQ2 25$1.41 bnQ3 25$1.47 bnQ4 25$1.49 bnQ1 26$1.55 bn
operating income$725.7 m+16.9%Q2 24Q1 26Q2 24$579.7 mQ3 24$594.6 mQ4 24$588.2 mQ1 25$620.8 mQ2 25$604.7 mQ3 25$674.1 mQ4 25−$272.5 mQ1 26$725.7 m
net income$311.8 m+24.8%Q2 24Q1 26Q2 24$259.4 mQ3 24$269.5 mQ4 24$199.6 mQ1 25$249.8 mQ2 25$196.9 mQ3 25$315.8 mQ4 25$296.1 mQ1 26$311.8 m
| Q1 26Δ Q1 25 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | |
|---|---|---|---|---|---|---|
| $1.55 bn100%+12.2% | $1.49 bn100% | $1.47 bn100% | $1.41 bn100% | $1.38 bn100% | $1.34 bn100% | |
Everything the company collected from sales, before any expense. At Realty Income Corporation, in Q1 26: $1.55 bn · Δ +12.2% (Q1 25). | ||||||
| $1.38 bn88.9%+1,191% | $265.7 m17.9% | $106.6 m7.3% | $107.4 m7.6% | $106.7 m7.7% | $96.3 m7.2% | |
What it cost to produce what was sold: materials, labour, the factory. At Realty Income Corporation, in Q1 26: $1.38 bn · Δ +1,191% (Q1 25). | ||||||
| $171.3 m11.1%−86.5% | $1.22 bn82.1% | $1.36 bn92.7% | $1.30 bn92.4% | $1.27 bn92.3% | $1.24 bn92.8% | |
What is left from sales after the direct cost of the product, before admin salaries and research. At Realty Income Corporation, in Q1 26: $171.3 m · Δ −86.5% (Q1 25). | ||||||
| gross margin | 11.1%11.1% | 82.1%82.1% | 92.7%92.7% | 92.4%92.4% | 92.3%92.3% | 92.8%92.8% |
| $58.9 m3.8%+33.7% | $117.6 m7.9% | $42.0 m2.9% | $49.3 m3.5% | $44.0 m3.2% | $49.1 m3.7% | |
Sales and admin salaries, marketing, rent, everything that keeps the company running. At Realty Income Corporation, in Q1 26: $58.9 m · Δ +33.7% (Q1 25). | ||||||
| $823.0 m53.1%+8.3% | $1.76 bn118% | $796.5 m54.2% | $805.7 m57.1% | $759.7 m55.0% | $752.1 m56.1% | |
The sum of all costs: cost of product plus operating expenses. At Realty Income Corporation, in Q1 26: $823.0 m · Δ +8.3% (Q1 25). | ||||||
| −$554.4 m-35.8%−185% | $1.49 bn100% | $689.8 m46.9% | $698.3 m49.5% | $653.0 m47.3% | $655.8 m48.9% | |
The sum of expenses that do not go directly into the product. At Realty Income Corporation, in Q1 26: −$554.4 m · Δ −185% (Q1 25). | ||||||
| $725.7 m46.9%+16.9% | −$272.5 m-18.3% | $674.1 m45.8% | $604.7 m42.9% | $620.8 m45.0% | $588.2 m43.9% | |
Profit from the core business, before interest and tax. At Realty Income Corporation, in Q1 26: $725.7 m · Δ +16.9% (Q1 25). | ||||||
| operating margin | 46.9%46.9% | -18.3%-18.3% | 45.8%45.8% | 42.9%42.9% | 45.0%45.0% | 43.9%43.9% |
| $1.27 bn82.0%+11.4% | $830.4 m55.8% | $973.5 m66.2% | $1.15 bn81.4% | $1.14 bn82.5% | $1.09 bn81.4% | |
Profit before interest, tax and depreciation. Close to the cash the business produces. At Realty Income Corporation, in Q1 26: $1.27 bn · Δ +11.4% (Q1 25). | ||||||
| $639.1 m41.3%+20.5% | $246.9 m16.6% | $341.5 m23.2% | $500.1 m35.5% | $530.2 m38.4% | $484.0 m36.1% | |
Profit before interest and tax. At Realty Income Corporation, in Q1 26: $639.1 m · Δ +20.5% (Q1 25). | ||||||
| Depreciation and amortisation | $630.3 m40.7%+3.5% | $583.5 m39.2% | $632.0 m43.0% | $647.8 m45.9% | $608.9 m44.1% | $606.7 m45.3% |
| Reconciled depreciation | $630.3 m40.7%+3.5% | $635.4 m42.7% | $632.0 m43.0% | $647.8 m45.9% | $608.9 m44.1% | $606.7 m45.3% |
| Interest income | $102.2 m6.6%+5,542% | $16.3 m1.1% | $82.9 m5.6% | $71.3 m5.1% | $1.8 m0.1% | $592.0 k0.0% |
| Interest expense | $291.9 m18.9%+11.0% | $279.7 m18.8% | $286.7 m19.5% | $277.0 m19.6% | $263.0 m19.1% | $262.6 m19.6% |
| Net interest income | −$191.6 m-12.4%+29.1% | −$510.8 m-34.3% | −$213.4 m-14.5% | −$285.7 m-20.3% | −$270.3 m-19.6% | −$270.8 m-20.2% |
| −$378.6 m-24.4%−7.0% | $519.4 m34.9% | −$332.6 m-22.6% | −$381.6 m-27.1% | −$353.7 m-25.6% | −$366.8 m-27.4% | |
The balance of all non-operating income and expense. At Realty Income Corporation, in Q1 26: −$378.6 m · Δ −7.0% (Q1 25). | ||||||
| $347.1 m22.4%+30.0% | $246.9 m16.6% | $341.5 m23.2% | $223.1 m15.8% | $267.1 m19.3% | $221.5 m16.5% | |
Profit left after interest, but before the state takes its share. At Realty Income Corporation, in Q1 26: $347.1 m · Δ +30.0% (Q1 25). | ||||||
| $26.2 m1.7%+67.3% | −$43.5 m-2.9% | $23.8 m1.6% | $24.1 m1.7% | $15.7 m1.1% | $20.1 m1.5% | |
Income tax owed for the period. At Realty Income Corporation, in Q1 26: $26.2 m · Δ +67.3% (Q1 25). | ||||||
| Tax provision | $26.2 m1.7%+67.3% | $21.8 m1.5% | $23.8 m1.6% | $24.1 m1.7% | $15.7 m1.1% | $20.1 m1.5% |
| Minority interest | −$9.2 m-0.6%−457% | −$5.6 m-0.4% | −$1.9 m-0.1% | −$2.1 m-0.1% | −$1.6 m-0.1% | −$1.7 m-0.1% |
| $320.9 m20.7%+27.6% | $301.6 m20.3% | $317.7 m21.6% | $199.0 m14.1% | $251.5 m18.2% | $201.4 m15.0% | |
Profit from the businesses the company will still have next year. At Realty Income Corporation, in Q1 26: $320.9 m · Δ +27.6% (Q1 25). | ||||||
| $311.8 m20.1%+24.8% | $296.1 m19.9% | $315.8 m21.5% | $196.9 m14.0% | $249.8 m18.1% | $199.6 m14.9% | |
The profit left for shareholders after absolutely every expense. At Realty Income Corporation, in Q1 26: $311.8 m · Δ +24.8% (Q1 25). | ||||||
| net margin | 20.1%20.1% | 19.9%19.9% | 21.5%21.5% | 14.0%14.0% | 18.1%18.1% | 14.9%14.9% |
| -- | $296.1 m19.9% | $315.8 m21.5% | $196.9 m14.0% | $249.8 m18.1% | $199.6 m14.9% | |
The share of profit that belongs to ordinary shares. | ||||||
total assets$72.80 bn+5.8%201620252016$13.15 bn2017$14.06 bn2018$15.26 bn2019$18.55 bn2020$20.74 bn2021$43.14 bn2022$49.67 bn2023$57.78 bn2024$68.84 bn2025$72.80 bn
total liabilities$32.67 bn+9.7%201620252016$6.37 bn2017$6.67 bn2018$7.14 bn2019$8.75 bn2020$9.72 bn2021$18.01 bn2022$20.83 bn2023$24.67 bn2024$29.78 bn2025$32.67 bn
shareholders equity$39.44 bn+1.5%201620252016$6.77 bn2017$7.37 bn2018$8.09 bn2019$9.77 bn2020$11.02 bn2021$25.05 bn2022$28.71 bn2023$33.11 bn2024$38.84 bn2025$39.44 bn
| 2025Δ 2024 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| $72.80 bn100%+5.8% | $68.84 bn100% | $57.78 bn100% | $49.67 bn100% | $43.14 bn100% | $20.74 bn100% | |
Everything the company owns: factories, inventory, cash, receivables. At Realty Income Corporation, in 2025: $72.80 bn · Δ +5.8% (2024). | ||||||
| $1.49 bn2.0%−63.0% | $4.02 bn5.8% | $2.90 bn5.0% | $1.77 bn3.6% | $1.16 bn2.7% | $1.29 bn6.2% | |
What turns into money in less than a year. At Realty Income Corporation, in 2025: $1.49 bn · Δ −63.0% (2024). | ||||||
| Cash | $434.8 m0.6%−2.3% | $445.0 m0.6% | $232.9 m0.4% | $171.1 m0.3% | $258.6 m0.6% | $824.5 m4.0% |
| Cash and equivalents | $434.8 m0.6%−2.3% | $445.0 m0.6% | $232.9 m0.4% | $171.1 m0.3% | $258.6 m0.6% | $824.5 m4.0% |
| Short-term investments | -- | -- | −$6.1 m0.0% | -- | $7.5 m0.0% | -- |
| Cash and short-term investments | $434.8 m0.6%−2.3% | $445.0 m0.6% | $232.9 m0.4% | $171.1 m0.3% | $258.6 m0.6% | $824.5 m4.0% |
| Net receivables | $1.05 bn1.4%−68.8% | $3.38 bn4.9% | $710.5 m1.2% | $1.50 bn3.0% | $755.1 m1.8% | $417.0 m2.0% |
| Inventory | $91.8 m0.1%+5,300% | −$1.8 m0.0% | $31.5 m0.1% | $29.5 m0.1% | $1.18 bn2.7% | $1.29 bn6.2% |
| Other current assets | -- | $195.0 m0.3% | $2.03 bn3.5% | $71.4 m0.1% | $145.6 m0.3% | −$1.24 bn-6.0% |
| $5.02 bn6.9%−92.2% | $64.82 bn94.2% | $54.88 bn95.0% | $47.90 bn96.4% | $41.98 bn97.3% | $19.61 bn94.6% | |
What stays in the company for years: buildings, machinery, licences. At Realty Income Corporation, in 2025: $5.02 bn · Δ −92.2% (2024). | ||||||
| Property, plant and equipment | $54.83 bn75.3%+4.9% | $52.28 bn76.0% | $44.85 bn77.6% | $37.75 bn76.0% | $31.96 bn74.1% | $17.47 bn84.2% |
| PP&E, net | $1.42 bn2.0%+11.6% | $1.27 bn1.8% | $1.30 bn2.3% | $1.07 bn2.2% | $849.8 m2.0% | $230.6 m1.1% |
| $1.42 bn2.0%+11.6% | $1.27 bn1.8% | $1.30 bn2.3% | $1.07 bn2.2% | $849.8 m2.0% | $230.6 m1.1% | |
The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value. At Realty Income Corporation, in 2025: $1.42 bn · Δ +11.6% (2024). | ||||||
| Goodwill | $4.93 bn6.8% | $4.93 bn7.2% | $3.73 bn6.5% | $3.73 bn7.5% | $3.68 bn8.5% | $14.2 m0.1% |
| Intangible assets | $91.8 m0.1%−98.5% | $6.32 bn9.2% | $5.02 bn8.7% | $5.17 bn10.4% | $5.28 bn12.2% | $1.71 bn8.2% |
| Long-term investments | $2.06 bn2.8%+66.9% | $1.24 bn1.8% | $1.18 bn2.0% | $6.0 m0.0% | $141.0 m0.3% | $00.0% |
| Other non-current assets | −$54.77 bn-75.2%−207% | $51.05 bn74.2% | $104.8 m0.2% | $37.92 bn76.3% | $32.03 bn74.2% | $17.67 bn85.2% |
| Other assets | $66.28 bn91.1%+6.1% | $62.49 bn90.8% | $2.03 bn3.5% | −$1.00 bn-2.0% | −$443.5 m-1.0% | −$165.3 m-0.8% |
| $32.67 bn44.9%+9.7% | $29.78 bn43.3% | $24.67 bn42.7% | $20.83 bn41.9% | $18.01 bn41.7% | $9.72 bn46.9% | |
Everything the company owes, to banks and suppliers alike. At Realty Income Corporation, in 2025: $32.67 bn · Δ +9.7% (2024). | ||||||
| $2.92 bn4.0%+21.6% | $2.40 bn3.5% | $1.89 bn3.3% | $3.50 bn7.0% | $2.22 bn5.1% | $327.0 m1.6% | |
Debts due in less than a year. At Realty Income Corporation, in 2025: $2.92 bn · Δ +21.6% (2024). | ||||||
| Accounts payable | -- | -- | $66.6 m0.1% | $399.1 m0.8% | $351.1 m0.8% | $241.3 m1.2% |
| Short-term debt | $2.92 bn4.0%+158% | $1.13 bn1.6% | $764.4 m1.3% | $2.73 bn5.5% | $1.55 bn3.6% | $8.82 bn42.5% |
| Current portion of long-term debt | $2.02 bn2.8%+79.0% | $1.13 bn1.6% | $764.4 m1.3% | $2.73 bn5.5% | $1.55 bn3.6% | -- |
| Deferred revenue | -- | $352.3 m0.5% | $312.2 m0.5% | $269.6 m0.5% | $242.1 m0.6% | $130.2 m0.6% |
| Other current liabilities | -- | $711.8 m1.0% | $747.6 m1.3% | $408.6 m0.8% | $360.8 m0.8% | −$8.86 bn-42.7% |
| $29.76 bn40.9%+8.7% | $27.38 bn39.8% | $22.78 bn39.4% | $17.33 bn34.9% | $15.79 bn36.6% | $9.40 bn45.3% | |
Debts due beyond one year. At Realty Income Corporation, in 2025: $29.76 bn · Δ +8.7% (2024). | ||||||
| Long-term debt | $26.77 bn36.8%+6.7% | $25.10 bn36.5% | $20.76 bn35.9% | $15.38 bn31.0% | $13.89 bn32.2% | $8.82 bn42.5% |
| Total long-term debt | $28.92 bn39.7%+9.9% | $26.30 bn38.2% | $21.56 bn37.3% | $15.38 bn31.0% | $13.89 bn32.2% | $8.82 bn42.5% |
| Capital lease obligations | $551.1 m0.8%+4.0% | $530.1 m0.8% | $469.6 m0.8% | $1.38 bn2.8% | $505.7 m1.2% | $120.8 m0.6% |
| Other non-current liabilities | $1.55 bn2.1%−7.6% | $1.68 bn2.4% | $1.44 bn2.5% | $4.88 bn9.8% | $3.62 bn8.4% | $578.1 m2.8% |
| of which: deferred liabilities | -- | -- | -- | $17.2 m0.0% | $4.4 m0.0% | $7.7 m0.0% |
| Other liabilities | -- | -- | -- | $1.66 bn3.4% | $2.07 bn4.8% | $578.1 m2.8% |
| $39.44 bn54.2%+1.5% | $38.84 bn56.4% | $33.11 bn57.3% | $28.71 bn57.8% | $25.05 bn58.1% | $11.02 bn53.1% | |
What would be left for shareholders if everything were sold and every debt paid. At Realty Income Corporation, in 2025: $39.44 bn · Δ +1.5% (2024). | ||||||
| $49.86 bn68.5%+5.1% | $47.45 bn68.9% | $39.63 bn68.6% | $34.16 bn68.8% | $29.58 bn68.6% | $14.70 bn70.9% | |
Money put in by shareholders at founding and at capital raises. At Realty Income Corporation, in 2025: $49.86 bn · Δ +5.1% (2024). | ||||||
| $49.86 bn68.5%+5.1% | $47.45 bn68.9% | $39.63 bn68.6% | $34.16 bn68.8% | $29.58 bn68.6% | $14.70 bn70.9% | |
Capital subscribed by shareholders. At Realty Income Corporation, in 2025: $49.86 bn · Δ +5.1% (2024). | ||||||
| −$10.53 bn-14.5%−21.7% | −$8.65 bn-12.6% | −$6.76 bn-11.7% | −$5.49 bn-11.1% | −$4.53 bn-10.5% | −$3.66 bn-17.6% | |
Past years’ profits the company kept instead of distributing. At Realty Income Corporation, in 2025: −$10.53 bn · Δ −21.7% (2024). | ||||||
| Retained earnings, total | -- | -- | -- | −$5.49 bn-11.1% | −$4.53 bn-10.5% | −$3.66 bn-17.6% |
| Accumulated other comprehensive income | $105.0 m0.1%+175% | $38.2 m0.1% | $73.9 m0.1% | $46.8 m0.1% | $4.9 m0.0% | −$54.6 m-0.3% |
| Other equity items | $105.0 m0.1%+101% | −$8.65 bn-12.6% | −$6.69 bn-11.6% | −$5.45 bn-11.0% | −$4.53 bn-10.5% | −$3.71 bn-17.9% |
| Common stock, total | -- | -- | -- | $34.16 bn68.8% | $29.58 bn68.6% | $14.70 bn70.9% |
| Non-controlling interests | -- | -- | -- | $130.1 m0.3% | $76.8 m0.2% | $32.2 m0.2% |
| $72.80 bn100%+5.8% | $68.84 bn100% | $57.78 bn100% | $49.67 bn100% | $43.14 bn100% | $20.74 bn100% | |
Liabilities plus equity. Must equal total assets. At Realty Income Corporation, in 2025: $72.80 bn · Δ +5.8% (2024). | ||||||
| $32.42 bn44.5%+23.2% | $26.31 bn38.2% | $21.76 bn37.7% | $18.43 bn37.1% | $15.69 bn36.4% | $7.99 bn38.5% | |
Debt left after subtracting cash in the bank. Negative means more money than debt. At Realty Income Corporation, in 2025: $32.42 bn · Δ +23.2% (2024). | ||||||
| $32.85 bn45.1%+22.8% | $26.76 bn38.9% | $21.99 bn38.1% | $18.60 bn37.4% | $15.95 bn37.0% | $8.82 bn42.5% | |
All borrowings, short and long term. At Realty Income Corporation, in 2025: $32.85 bn · Δ +22.8% (2024). | ||||||
| $1.51 bn2.1%−6.6% | $1.62 bn2.4% | $1.01 bn1.7% | −$2.53 bn-5.1% | −$1.33 bn-3.1% | $911.7 m4.4% | |
The difference between what it collects and what it pays in the short term. At Realty Income Corporation, in 2025: $1.51 bn · Δ −6.6% (2024). | ||||||
| -- | -- | -- | $19.81 bn39.9% | $16.10 bn37.3% | $9.27 bn44.7% | |
Assets without goodwill and licences, that is only what can be touched. | ||||||
| $68.23 bn93.7%+4.9% | $65.07 bn94.5% | $54.46 bn94.3% | $46.82 bn94.3% | $40.50 bn93.9% | $19.80 bn95.5% | |
The capital the business actually has at work. At Realty Income Corporation, in 2025: $68.23 bn · Δ +4.9% (2024). | ||||||
| 904.8 m-+3.2% | 876.8 m- | 693.0 m- | 612.2 m- | 414.8 m- | 345.4 m- | |
How many shares exist. If the number rises, each shareholder’s slice shrinks. At Realty Income Corporation, in 2025: $904.8 m · Δ +3.2% (2024). | ||||||
total assets$74.55 bn+6.9%Q2 24Q1 26Q2 24$68.06 bnQ3 24$68.47 bnQ4 24$68.84 bnQ1 25$69.76 bnQ2 25$71.42 bnQ3 25$71.28 bnQ4 25$72.80 bnQ1 26$74.55 bn
total liabilities$33.32 bn+9.2%Q2 24Q1 26Q2 24$29.15 bnQ3 24$29.80 bnQ4 24$29.78 bnQ1 25$30.52 bnQ2 25$32.06 bnQ3 25$32.02 bnQ4 25$32.67 bnQ1 26$33.32 bn
shareholders equity$39.15 bn+0.3%Q2 24Q1 26Q2 24$38.75 bnQ3 24$38.46 bnQ4 24$38.84 bnQ1 25$39.03 bnQ2 25$39.15 bnQ3 25$39.05 bnQ4 25$39.44 bnQ1 26$39.15 bn
| Q1 26Δ Q1 25 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | |
|---|---|---|---|---|---|---|
| $74.55 bn100%+6.9% | $72.80 bn100% | $71.28 bn100% | $71.42 bn100% | $69.76 bn100% | $68.84 bn100% | |
Everything the company owns: factories, inventory, cash, receivables. At Realty Income Corporation, in Q1 26: $74.55 bn · Δ +6.9% (Q1 25). | ||||||
| $1.49 bn2.0%−64.8% | $1.49 bn2.0% | $5.09 bn7.1% | $5.07 bn7.1% | $4.23 bn6.1% | $4.02 bn5.8% | |
What turns into money in less than a year. At Realty Income Corporation, in Q1 26: $1.49 bn · Δ −64.8% (Q1 25). | ||||||
| Cash | $373.5 m0.5%+17.1% | $434.8 m0.6% | $417.2 m0.6% | $800.4 m1.1% | $319.0 m0.5% | $445.0 m0.6% |
| Cash and equivalents | -- | $434.8 m0.6% | $417.2 m0.6% | $800.4 m1.1% | $319.0 m0.5% | $445.0 m0.6% |
| Cash and short-term investments | $373.5 m0.5%+17.1% | $434.8 m0.6% | $417.2 m0.6% | $800.4 m1.1% | $319.0 m0.5% | $445.0 m0.6% |
| Net receivables | $1.12 bn1.5%−69.6% | $1.05 bn1.4% | $4.39 bn6.2% | $4.05 bn5.7% | $3.68 bn5.3% | $3.38 bn4.9% |
| Inventory | -- | $91.8 m0.1% | $175.0 m0.2% | $117.2 m0.2% | -- | −$1.8 m0.0% |
| Other current assets | -- | -- | $286.1 m0.4% | $228.5 m0.3% | $233.7 m0.3% | $195.0 m0.3% |
| $5.07 bn6.8%−92.3% | $5.02 bn6.9% | $66.19 bn92.9% | $66.19 bn92.7% | $65.53 bn93.9% | $64.82 bn94.2% | |
What stays in the company for years: buildings, machinery, licences. At Realty Income Corporation, in Q1 26: $5.07 bn · Δ −92.3% (Q1 25). | ||||||
| Property, plant and equipment | -- | $54.83 bn75.3% | $54.17 bn76.0% | $54.11 bn75.8% | $53.14 bn76.2% | $52.28 bn76.0% |
| PP&E, net | $1.40 bn1.9%+2.7% | $1.42 bn2.0% | $1.41 bn2.0% | $1.40 bn2.0% | $1.36 bn2.0% | $1.27 bn1.8% |
| $1.40 bn1.9%+2.7% | $1.42 bn2.0% | $1.41 bn2.0% | $1.40 bn2.0% | $1.36 bn2.0% | $1.27 bn1.8% | |
The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value. At Realty Income Corporation, in Q1 26: $1.40 bn · Δ +2.7% (Q1 25). | ||||||
| Goodwill | $4.93 bn6.6% | $4.93 bn6.8% | $4.93 bn6.9% | $4.93 bn6.9% | $4.93 bn7.1% | $4.93 bn7.2% |
| Intangible assets | $139.9 m0.2%−97.7% | $91.8 m0.1% | $5.86 bn8.2% | $6.03 bn8.4% | $6.22 bn8.9% | $6.32 bn9.2% |
| Long-term investments | $2.13 bn2.9%+71.9% | $2.06 bn2.8% | $1.24 bn1.7% | $1.23 bn1.7% | $1.24 bn1.8% | $1.24 bn1.8% |
| Other non-current assets | −$55.32 bn-74.2%−207% | −$54.77 bn-75.2% | $52.75 bn74.0% | $52.59 bn73.6% | $51.78 bn74.2% | $51.05 bn74.2% |
| Other assets | $67.99 bn91.2%+7.2% | $66.28 bn91.1% | $23.6 m0.0% | $22.2 m0.0% | $63.43 bn90.9% | $62.49 bn90.8% |
| $33.32 bn44.7%+9.2% | $32.67 bn44.9% | $32.02 bn44.9% | $32.06 bn44.9% | $30.52 bn43.7% | $29.78 bn43.3% | |
Everything the company owes, to banks and suppliers alike. At Realty Income Corporation, in Q1 26: $33.32 bn · Δ +9.2% (Q1 25). | ||||||
| $3.77 bn5.1%+28.8% | $2.92 bn4.0% | $3.29 bn4.6% | $2.84 bn4.0% | $2.93 bn4.2% | $2.40 bn3.5% | |
Debts due in less than a year. At Realty Income Corporation, in Q1 26: $3.77 bn · Δ +28.8% (Q1 25). | ||||||
| Short-term debt | -- | $2.92 bn4.0% | $1.92 bn2.7% | $1.47 bn2.1% | $1.70 bn2.4% | $1.13 bn1.6% |
| Current portion of long-term debt | $2.31 bn3.1%+35.7% | $2.02 bn2.8% | $1.92 bn2.7% | $1.47 bn2.1% | $1.70 bn2.4% | $1.13 bn1.6% |
| Deferred revenue | -- | -- | $357.3 m0.5% | $358.6 m0.5% | $349.3 m0.5% | $352.3 m0.5% |
| Other current liabilities | -- | -- | $1.02 bn1.4% | $805.0 m1.1% | $701.1 m1.0% | $711.8 m1.0% |
| $33.32 bn44.7%+20.8% | $29.76 bn40.9% | $28.73 bn40.3% | $29.22 bn40.9% | $27.59 bn39.6% | $27.38 bn39.8% | |
Debts due beyond one year. At Realty Income Corporation, in Q1 26: $33.32 bn · Δ +20.8% (Q1 25). | ||||||
| Long-term debt | $27.32 bn36.6%+7.9% | $26.77 bn36.8% | $26.46 bn37.1% | $26.88 bn37.6% | $25.31 bn36.3% | $25.10 bn36.5% |
| Total long-term debt | -- | $28.92 bn39.7% | $28.46 bn39.9% | $28.43 bn39.8% | $27.09 bn38.8% | $26.30 bn38.2% |
| Capital lease obligations | $545.1 m0.7%+3.7% | $551.1 m0.8% | $526.0 m0.7% | $522.5 m0.7% | $525.5 m0.8% | $530.1 m0.8% |
| Other non-current liabilities | $1.56 bn2.1%−5.7% | $1.55 bn2.1% | $1.58 bn2.2% | $1.63 bn2.3% | $1.65 bn2.4% | $1.68 bn2.4% |
| $39.15 bn52.5%+0.3% | $39.44 bn54.2% | $39.05 bn54.8% | $39.15 bn54.8% | $39.03 bn56.0% | $38.84 bn56.4% | |
What would be left for shareholders if everything were sold and every debt paid. At Realty Income Corporation, in Q1 26: $39.15 bn · Δ +0.3% (Q1 25). | ||||||
| $49.98 bn67.0%+4.0% | $49.86 bn68.5% | $49.03 bn68.8% | $48.71 bn68.2% | $48.08 bn68.9% | $47.45 bn68.9% | |
Money put in by shareholders at founding and at capital raises. At Realty Income Corporation, in Q1 26: $49.98 bn · Δ +4.0% (Q1 25). | ||||||
| $49.98 bn67.0%+4.0% | $49.86 bn68.5% | $49.03 bn68.8% | $48.71 bn68.2% | $48.08 bn68.9% | $47.45 bn68.9% | |
Capital subscribed by shareholders. At Realty Income Corporation, in Q1 26: $49.98 bn · Δ +4.0% (Q1 25). | ||||||
| −$10.97 bn-14.7%−20.4% | −$10.53 bn-14.5% | −$10.08 bn-14.1% | −$9.65 bn-13.5% | −$9.12 bn-13.1% | −$8.65 bn-12.6% | |
Past years’ profits the company kept instead of distributing. At Realty Income Corporation, in Q1 26: −$10.97 bn · Δ −20.4% (Q1 25). | ||||||
| Accumulated other comprehensive income | $137.2 m0.2%+88.5% | $105.0 m0.1% | $92.3 m0.1% | $95.8 m0.1% | $72.8 m0.1% | $38.2 m0.1% |
| Other equity items | -- | $105.0 m0.1% | $92.3 m0.1% | $95.8 m0.1% | −$9.12 bn-13.1% | −$8.65 bn-12.6% |
| $74.55 bn100%+6.9% | $72.80 bn100% | $71.28 bn100% | $71.42 bn100% | $69.76 bn100% | $68.84 bn100% | |
Liabilities plus equity. Must equal total assets. At Realty Income Corporation, in Q1 26: $74.55 bn · Δ +6.9% (Q1 25). | ||||||
| $30.73 bn41.2%+12.9% | $32.42 bn44.5% | $28.48 bn40.0% | $28.07 bn39.3% | $27.22 bn39.0% | $26.31 bn38.2% | |
Debt left after subtracting cash in the bank. Negative means more money than debt. At Realty Income Corporation, in Q1 26: $30.73 bn · Δ +12.9% (Q1 25). | ||||||
| $31.11 bn41.7%+12.9% | $32.85 bn45.1% | $28.90 bn40.5% | $28.87 bn40.4% | $27.54 bn39.5% | $26.76 bn38.9% | |
All borrowings, short and long term. At Realty Income Corporation, in Q1 26: $31.11 bn · Δ +12.9% (Q1 25). | ||||||
| $2.47 bn3.3%+89.4% | $1.51 bn2.1% | $1.80 bn2.5% | $2.23 bn3.1% | $1.31 bn1.9% | $1.62 bn2.4% | |
The difference between what it collects and what it pays in the short term. At Realty Income Corporation, in Q1 26: $2.47 bn · Δ +89.4% (Q1 25). | ||||||
| $68.78 bn92.2%+4.1% | $68.23 bn93.7% | $67.42 bn94.6% | $67.51 bn94.5% | $66.05 bn94.7% | $65.07 bn94.5% | |
The capital the business actually has at work. At Realty Income Corporation, in Q1 26: $68.78 bn · Δ +4.1% (Q1 25). | ||||||
| 904.8 m-+1.4% | 904.8 m- | 915.2 m- | 903.7 m- | 892.4 m- | 879.6 m- | |
How many shares exist. If the number rises, each shareholder’s slice shrinks. At Realty Income Corporation, in Q1 26: $904.8 m · Δ +1.4% (Q1 25). | ||||||
from operations$3.99 bn+11.8%201620252016$804.0 m2017$875.9 m2018$940.7 m2019$1.07 bn2020$1.12 bn2021$1.32 bn2022$2.56 bn2023$2.96 bn2024$3.57 bn2025$3.99 bn
from investing−$5.66 bn−69.4%201620252016−$1.71 bn2017−$1.25 bn2018−$1.64 bn2019−$3.50 bn2020−$2.03 bn2021−$6.44 bn2022−$8.39 bn2023−$9.35 bn2024−$3.34 bn2025−$5.66 bn
from financing$1.68 bn+8,030%201620252016$866.2 m2017$375.1 m2018$707.9 m2019$2.49 bn2020$1.69 bn2021$4.58 bn2022$5.74 bn2023$6.44 bn2024−$21.2 m2025$1.68 bn
| 2025Δ 2024 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| $1.07 bn-+23.3% | $867.3 m- | $872.3 m- | $872.4 m- | $360.7 m- | $396.5 m- | |
The profit left for shareholders after absolutely every expense. At Realty Income Corporation, in 2025: $1.07 bn · Δ +23.3% (2024). | ||||||
| $2.52 bn-+5.4% | $2.40 bn- | $1.90 bn- | $1.67 bn- | $897.8 m- | $677.0 m- | |
The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At Realty Income Corporation, in 2025: $2.52 bn · Δ +5.4% (2024). | ||||||
| $30.8 m-−46.5% | $57.5 m- | $26.2 m- | $21.6 m- | $41.8 m- | $16.5 m- | |
Shares given to employees instead of money. No cash cost, but it dilutes shareholders. At Realty Income Corporation, in 2025: $30.8 m · Δ −46.5% (2024). | ||||||
| -- | -- | -- | $116.9 m- | $100.9 m- | $98.1 m- | |
Adjustments that bring accounting profit closer to money collected. | ||||||
| $77.8 m-+154% | $30.7 m- | $174.0 m- | −$34.8 m- | −$35.1 m- | −$59.5 m- | |
Money tied up in or released from inventory, receivables and payables. At Realty Income Corporation, in 2025: $77.8 m · Δ +154% (2024). | ||||||
| of which: receivables | −$115.8 m-−512% | $28.1 m- | −$111.3 m- | −$29.5 m- | −$38.3 m- | −$79.2 m- |
| of which: receivables, total | -- | -- | -- | −$29.5 m- | −$38.3 m- | −$79.2 m- |
| of which: inventory | -- | -- | $111.3 m- | $29.5 m- | $38.3 m- | $79.2 m- |
| of which: liabilities | -- | -- | -- | −$5.3 m- | $3.2 m- | $19.7 m- |
| Other operating flows | -- | -- | -- | -- | −$710.0 k- | −$4.6 m- |
| Other non-cash items | $291.6 m-+33.4% | $218.6 m- | −$13.6 m- | $34.2 m- | −$24.9 m- | $4.4 m- |
| $3.99 bn-+11.8% | $3.57 bn- | $2.96 bn- | $2.56 bn- | $1.32 bn- | $1.12 bn- | |
The money the business actually produced, before investment. At Realty Income Corporation, in 2025: $3.99 bn · Δ +11.8% (2024). | ||||||
| $131.8 m-+8.6% | $121.4 m- | $68.7 m- | $8.98 bn- | $6.33 bn- | $26.8 m- | |
Money put into factories, machinery and equipment. At Realty Income Corporation, in 2025: $131.8 m · Δ +8.6% (2024). | ||||||
| -- | −$3.34 bn- | −$10.50 bn- | $109.7 m- | $10.0 m- | −$2.03 bn- | |
Purchases and sales of financial holdings. | ||||||
| Other investing flows | −$5.61 bn-−201,352% | $2.8 m- | $27.3 m- | $485.2 m- | −$115.5 m- | $259.5 m- |
| −$5.66 bn-−69.4% | −$3.34 bn- | −$9.35 bn- | −$8.39 bn- | −$6.44 bn- | −$2.03 bn- | |
The balance of investing cash. Negative means the company is building. At Realty Income Corporation, in 2025: −$5.66 bn · Δ −69.4% (2024). | ||||||
| $2.36 bn-+1,470% | −$172.5 m- | $82.61 bn- | $4.57 bn- | $10.12 bn- | $5.73 bn- | |
Shares bought back from the market or issued. At Realty Income Corporation, in 2025: $2.36 bn · Δ +1,470% (2024). | ||||||
| $2.36 bn-+35.7% | $1.74 bn- | $6.00 bn- | $4.56 bn- | $1.26 bn- | $728.9 m- | |
Money raised by issuing new shares. At Realty Income Corporation, in 2025: $2.36 bn · Δ +35.7% (2024). | ||||||
| $2.92 bn-+8.2% | $2.70 bn- | $2.11 bn- | $1.81 bn- | $1.17 bn- | $964.2 m- | |
Money given to shareholders as dividends. At Realty Income Corporation, in 2025: $2.92 bn · Δ +8.2% (2024). | ||||||
| $1.79 bn-+52.0% | $1.18 bn- | $3.19 bn- | $1.89 bn- | −$839.9 m- | $1.57 bn- | |
Loans taken minus loans repaid. At Realty Income Corporation, in 2025: $1.79 bn · Δ +52.0% (2024). | ||||||
| Other financing flows | $446.9 m-+2,452% | −$19.0 m- | −$6.9 m- | $30.74 bn- | $3.64 bn- | $1.05 bn- |
| $1.68 bn-+8,030% | −$21.2 m- | $6.44 bn- | $5.74 bn- | $4.58 bn- | $1.69 bn- | |
The balance of financing cash: loans, dividends, buybacks. At Realty Income Corporation, in 2025: $1.68 bn · Δ +8,030% (2024). | ||||||
| $25.3 m-−88.1% | $212.0 m- | $61.8 m- | −$105.5 m- | −$518.3 m- | $779.7 m- | |
How much the cash in the bank rose or fell. At Realty Income Corporation, in 2025: $25.3 m · Δ −88.1% (2024). | ||||||
| Change in cash and equivalents | -- | -- | -- | −$85.0 m- | −$538.4 m- | $775.2 m- |
| $495.5 m-+113% | $232.9 m- | $171.1 m- | $332.4 m- | $850.7 m- | $71.0 m- | |
Cash in the bank at the start of the period. At Realty Income Corporation, in 2025: $495.5 m · Δ +113% (2024). | ||||||
| $520.8 m-+17.0% | $445.0 m- | $232.9 m- | $226.9 m- | $332.4 m- | $850.7 m- | |
Cash in the bank at the end of the period. At Realty Income Corporation, in 2025: $520.8 m · Δ +17.0% (2024). | ||||||
| $3.99 bn-+15.7% | $3.45 bn- | $2.89 bn- | $2.56 bn- | $1.32 bn- | $1.12 bn- | |
The money left after the business paid for its investments. Dividends and debt repayment come from here. At Realty Income Corporation, in 2025: $3.99 bn · Δ +15.7% (2024). | ||||||
from operations$874.5 m+11.0%Q2 24Q1 26Q2 24$981.2 mQ3 24$841.5 mQ4 24$972.0 mQ1 25$787.5 mQ2 25$1.06 bnQ3 25$943.1 mQ4 25$1.20 bnQ1 26$874.5 m
from investing−$2.58 bn−96.3%Q2 24Q1 26Q2 24−$645.1 mQ3 24−$537.3 mQ4 24−$1.77 bnQ1 25−$1.31 bnQ2 25−$1.16 bnQ3 25−$1.08 bnQ4 25−$2.11 bnQ1 26−$2.58 bn
from financing$1.71 bn+357%Q2 24Q1 26Q2 24−$560.6 mQ3 24−$342.3 mQ4 24$864.7 mQ1 25$374.6 mQ2 25$570.9 mQ3 25−$256.2 mQ4 25$988.5 mQ1 26$1.71 bn
| Q1 26Δ Q1 25 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | |
|---|---|---|---|---|---|---|
| $320.9 m-+27.6% | $301.6 m- | $317.7 m- | $199.0 m- | $251.5 m- | $201.4 m- | |
The profit left for shareholders after absolutely every expense. At Realty Income Corporation, in Q1 26: $320.9 m · Δ +27.6% (Q1 25). | ||||||
| $630.3 m-+3.5% | $635.4 m- | $632.0 m- | $647.8 m- | $608.9 m- | $606.7 m- | |
The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At Realty Income Corporation, in Q1 26: $630.3 m · Δ +3.5% (Q1 25). | ||||||
| $11.4 m-+93.0% | $9.0 m- | $7.7 m- | $8.1 m- | $5.9 m- | $9.8 m- | |
Shares given to employees instead of money. No cash cost, but it dilutes shareholders. At Realty Income Corporation, in Q1 26: $11.4 m · Δ +93.0% (Q1 25). | ||||||
| −$154.3 m-−0.3% | $140.1 m- | −$58.0 m- | $149.6 m- | −$153.8 m- | $26.8 m- | |
Money tied up in or released from inventory, receivables and payables. At Realty Income Corporation, in Q1 26: −$154.3 m · Δ −0.3% (Q1 25). | ||||||
| of which: receivables | −$114.4 m-−19.9% | $15.1 m- | −$73.8 m- | $38.3 m- | −$95.4 m- | −$12.3 m- |
| Other non-cash items | $77.6 m-+3.3% | $120.8 m- | $40.0 m- | $55.7 m- | $75.2 m- | $127.3 m- |
| $874.5 m-+11.0% | $1.20 bn- | $943.1 m- | $1.06 bn- | $787.5 m- | $972.0 m- | |
The money the business actually produced, before investment. At Realty Income Corporation, in Q1 26: $874.5 m · Δ +11.0% (Q1 25). | ||||||
| $26.3 m-+14.9% | $49.4 m- | $33.2 m- | $26.3 m- | $22.9 m- | $36.2 m- | |
Money put into factories, machinery and equipment. At Realty Income Corporation, in Q1 26: $26.3 m · Δ +14.9% (Q1 25). | ||||||
| -- | -- | −$1.08 bn- | −$1.16 bn- | −$1.31 bn- | −$1.77 bn- | |
Purchases and sales of financial holdings. | ||||||
| Other investing flows | −$2.58 bn-−97.1% | −$2.08 bn- | −$1.07 bn- | −$1.15 bn- | −$1.31 bn- | $370.0 k- |
| −$2.58 bn-−96.3% | −$2.11 bn- | −$1.08 bn- | −$1.16 bn- | −$1.31 bn- | −$1.77 bn- | |
The balance of investing cash. Negative means the company is building. At Realty Income Corporation, in Q1 26: −$2.58 bn · Δ −96.3% (Q1 25). | ||||||
| −$101.9 m-−116% | $2.36 bn- | $1.56 bn- | $1.25 bn- | $624.8 m- | $1.57 bn- | |
Shares bought back from the market or issued. At Realty Income Corporation, in Q1 26: −$101.9 m · Δ −116% (Q1 25). | ||||||
| -- | $802.3 m- | $314.8 m- | $622.2 m- | $624.8 m- | $932.9 m- | |
Money raised by issuing new shares. | ||||||
| $758.0 m-+6.5% | $743.8 m- | $737.9 m- | $727.5 m- | $711.8 m- | $691.9 m- | |
Money given to shareholders as dividends. At Realty Income Corporation, in Q1 26: $758.0 m · Δ +6.5% (Q1 25). | ||||||
| $1.04 bn-+122% | $408.0 m- | $167.4 m- | $741.2 m- | $470.9 m- | $625.2 m- | |
Loans taken minus loans repaid. At Realty Income Corporation, in Q1 26: $1.04 bn · Δ +122% (Q1 25). | ||||||
| Other financing flows | $1.55 bn-+16,641% | $521.9 m- | −$566.0 k- | −$65.1 m- | −$9.4 m- | −$3.2 m- |
| $1.71 bn-+357% | $988.5 m- | −$256.2 m- | $570.9 m- | $374.6 m- | $864.7 m- | |
The balance of financing cash: loans, dividends, buybacks. At Realty Income Corporation, in Q1 26: $1.71 bn · Δ +357% (Q1 25). | ||||||
| $3.3 m-+102% | $77.6 m- | −$398.6 m- | $491.1 m- | −$144.8 m- | $48.0 m- | |
How much the cash in the bank rose or fell. At Realty Income Corporation, in Q1 26: $3.3 m · Δ +102% (Q1 25). | ||||||
| $520.8 m-+5.1% | $443.1 m- | $841.7 m- | $350.7 m- | $495.5 m- | $397.0 m- | |
Cash in the bank at the start of the period. At Realty Income Corporation, in Q1 26: $520.8 m · Δ +5.1% (Q1 25). | ||||||
| $524.0 m-+49.4% | $520.8 m- | $443.1 m- | $841.7 m- | $350.7 m- | $445.0 m- | |
Cash in the bank at the end of the period. At Realty Income Corporation, in Q1 26: $524.0 m · Δ +49.4% (Q1 25). | ||||||
| $848.2 m-+7.7% | $1.20 bn- | $943.1 m- | $1.06 bn- | $787.5 m- | $935.8 m- | |
The money left after the business paid for its investments. Dividends and debt repayment come from here. At Realty Income Corporation, in Q1 26: $848.2 m · Δ +7.7% (Q1 25). | ||||||
Realty Income quarterly results: estimates, surprises and the stock's reaction
What analysts expect from the next report, how often Realty Income has beaten estimates and how the price moved after results.
Bad sign
How often has Realty Income beaten analyst estimates?
0 of 8 reports
Realty Income has not beaten estimates in any of the last 8 quarters.
The average surprise was -19.9%. Last time, earnings per share came in at $0.34, against $0.38 expected.
How far earnings per share came in above or below the estimate
- -19.4%Q2 24
- -16.7%Q3 24
- -44.4%Q4 24
- -15.0%Q1 25
- -37.1%Q2 25
- -2.8%Q3 25
- -13.2%Q4 25
- -10.5%Q1 26
Worth watching
How does Realty Income stock react to earnings?
-1.01%
On average, the stock fell the day after results.
It rose after 2 of the 8 reports.
- May 6, 2026-10.5%-3.47%+0.3%
- February 24, 2026-13.2%-0.80%+0.4%
- November 3, 2025-2.8%-3.54%+1.8%
- August 6, 2025-37.1%+0.32%+1.3%
- May 5, 2025-15.0%-0.04%-1.8%
- February 25, 2025-44.4%-1.87%+3.2%
- November 4, 2024-16.7%-0.79%-3.1%
- August 5, 2024-19.4%+2.13%-0.2%
How does Realty Income stock move before earnings?
+0.5%
On average, over the 5 days before. It rose in 6 of 8 quarters.
How does the stock move in the 10 days before?
+0.4%
On average. It rose in 4 of 8 quarters.
How does the stock move in the 5 days after?
+0.2%
On average. It rose in 5 of 8 quarters. It is not a pattern to rely on.
Analyst estimates from a third-party source. The reaction is the change in closing price on the day after the report. This is not investment advice.
What can go wrong
Risks & Resilience
Risks in Realty Income Corporation (O) stock: balance sheet strength, distance from financial distress, and behaviour in past crises. The low-risk score is 73.9 out of 100, in the upper end of the market.
Realty Income debt and solvency
Whether Realty Income can pay its debts from what it earns, and how far it is from financial distress.
Bad sign
Can Realty Income pay its debts?
7.78× debt to EBITDA
Realty Income would need about 7.8 years of operating profit to repay all of its financial debt.
Below 3× is considered comfortable. Realty Income does better than 48% of companies in its sector.
Balance sheet as of March 31, 2026
Financial debt$31.11 bn
Cash and short-term investments$0.37 bn
- Net debt
- $30.73 bn
- Credit health
- 71 out of 100
debt minus cash and investments
above 75 means no concern
Good sign
How close is Realty Income to bankruptcy?
Very far
None of the bankruptcy models with a published threshold flags stress at Realty Income.
The Altman Z'' score is 4.02, above the 2.6 safety threshold. The probability of default from the Merton model is practically zero.
- Altman Z'' scoreStatistical model estimating bankruptcy risk, adapted for non-financial firms. Above 2.6 is the safe zone; below 1.1 is the distress zone.
- Distance to default (Merton)How many standard deviations the firm value sits above its debt level. Above 3 is a comfortable margin.
- Probability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.
- Probability of distress (Ohlson)Statistical model estimating the risk of financial distress. Low means a balance sheet under no strain.
- Probability of distress (Zmijewski)Alternative model for estimating financial distress risk. Low means limited risk; useful as a cross-check on the Ohlson model.
Signs of accounting manipulation at Realty Income
Statistical models that look for patterns linked to aggressive reporting. A flag means "worth a closer look", not "fraud".
Good sign
Are there signs of accounting manipulation at Realty Income?
No serious flags
The models find no pattern of inflated earnings or massaged numbers at Realty Income.
The only point to watch is the Montier score, at 2 out of 6, between the clean and the caution thresholds.
- Beneish M-scoreModel that detects patterns of aggressive accounting. Below −1.78 means no signals of aggressive reporting. A statistical test, not an accusation.
- Montier C-scoreSix warning signals about the quality of accounting. 0-1 is clean; 4 or above calls for caution.
- Dilution from stock-based payHow much of shareholders' stake is diluted by shares granted to employees. Below 2% a year is bearable dilution.
- Accruals ratio (Sloan)How much of reported profit is accounting only, rather than cash collected. Low or negative means profit is backed by real money.
- Cash conversion of earningsHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
- Tax rate deviationHow far the tax actually paid differs from the statutory rate in the company’s country. Close to zero is normal. A large, sustained deviation is worth a look at the notes.
The Beneish, Montier and Sloan models are published in academic literature, and the thresholds are those from the original papers.
A statistical screening signal, not an accusation of fraud.
How Realty Income stock behaved in market crises
What happened to Realty Income stock when the market fell. This is not a forecast, it is what already happened.
Worth watching
How far did Realty Income stock fall in past crises?
-48.3% largest drop
Realty Income stock held up better than the sector median in 1 of 2 crises.
The drop is measured from peak to trough, on the actual price at the time.
- COVID-19 crash2020-48.3%
Better than 31% of the sector
- 2022 bear market2022-25.1%
Better than 72% of the sector
All crisis data 5
| Metric | Realty Income |
|---|---|
| COVID-19 crash (2020) | -48.3% |
| 2022 bear market (2022) | -25.1% |
| Share of market declines captured | 41% |
| Beta to the market | 0.61 |
| Recession resilience score | 53 out of 100 |
Good sign
How much of the market's declines does Realty Income stock capture?
41%
When the market falls 10%, Realty Income stock falls by about 4.1% on average.
Below 100% means the stock falls less than the market. Its beta of 0.61 says the same.
Market falls-10.0%
Realty Income falls-4.1%
Real historical data, not a simulation. How a stock came through past crises does not guarantee how it will come through the next one.
Realty Income Corporation (O) stock: biggest drops and how long the recovery took
The falls the price has been through, from a peak to the lowest point, and how long it took to recover.
Biggest drops since 2010
From a peak to the lowest point after it, how long the fall lasted and how long the recovery took.
- Feb 2020 - Mar 2020-48.5%fell for 26 days and has not got back to that peak: it has been below it for 6 years and 4 months
- Aug 2016 - Feb 2018-34.1%fell for 18 months, then took 13 months to get back to the peak
- May 2013 - Dec 2013-33.4%fell for 7 months, then took 14 months to get back to the peak
Measured on each day’s closing price, adjusted for splits, since 2010-01-04. Elsewhere on this page, drops are measured with dividends reinvested, which is why they can come out slightly smaller there.
What you get while you wait
Dividends and shareholder return
How much Realty Income Corporation pays in dividends, how secure it is, and what happens to the share count.
Realty Income dividends: how much it pays and how safe it is
What you receive as a dividend for one Realty Income share, how often, and whether the payout is covered by earnings.
How much dividend does Realty Income pay?
5.75% a year, at today's price
Realty Income paid $3.24 per share over the last 12 months, in 12 monthly payments.
The Real Estate sector median is 4.29%.
Dividend per share, at each payment
- $0.27Oct 25
- $0.27Nov 25
- $0.27Dec 25
- $0.27Jan 26
- $0.27Feb 26
- $0.27Mar 26
- $0.27Apr 26
- $0.27May 26
- Expected dividend for the next year
- $3.25
- How often it pays
- Monthly
a yield of 5.77%
12 times a year
Bad sign
How safe is the Realty Income dividend?
9 out of 100
Realty Income pays out more than it earns: 236.4% of its earnings.
The sector median is 31.5%. The model's estimated risk of a cut is 73 out of 100.
- Payout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
- Dividend safetyHow well the dividend is covered by earnings and cash. The higher the score, the better supported the payout.
- Risk of a cutThe model's estimate of the risk that the dividend is reduced or suspended. 0 means no warning signal shows up.
Worth watching
How fast is the Realty Income dividend growing?
+4.5% a year
Over the past five years, the dividend per share has grown by an average of 4.5% a year.
That is faster than most companies in the sector.
- Dividend growthAverage yearly growth in the dividend per share. Steadily positive points to a predictable dividend policy.
All dividend payments 8
| Ex-dividend date | Paid | Amount | Versus previous |
|---|---|---|---|
| May 29, 2026 | June 15, 2026 | $0.27 | -0.2% |
| April 30, 2026 | May 15, 2026 | $0.27 | 0.0% |
| March 31, 2026 | April 15, 2026 | $0.27 | +0.4% |
| February 27, 2026 | March 13, 2026 | $0.27 | 0.0% |
| January 30, 2026 | February 13, 2026 | $0.27 | 0.0% |
| December 31, 2025 | January 15, 2026 | $0.27 | 0.0% |
| November 28, 2025 | December 15, 2025 | $0.27 | 0.0% |
| October 31, 2025 | November 14, 2025 | $0.27 |
Past dividends do not guarantee future payments. Amounts are adjusted for stock splits.
Total shareholder yield for Realty Income
Besides the dividend, a company also returns money to shareholders when it buys back its shares or pays down its debt.
Bad sign
How much does Realty Income return to shareholders?
-8.50% a year
Over the last 12 months, Realty Income raised more capital than it returned to shareholders, the equivalent of 8.50% of its market value.
The share count rose by 254% in 9 years, which dilutes existing shareholders.
What it is made of, over the last 12 months
- Dividend+5.12%
- New shares issued-8.76%
- New debt-4.08%
How Realty Income used its money over the last 5 years
- Buybacks1%
- Dividends74%
- Investment108%
- Acquisitions40%
A negative total yield means the company raised capital, through borrowing or new shares, not that it took money from shareholders.
What you would have made
What has already happened, taken out of percentages and put into money.
What you would have made by investing in Realty Income Corporation (O) stock
$1,000 put in Realty Income Corporation stock 10 years ago, with dividends reinvested, would have grown to $1,446, a return of 3.76% a year. On the share price alone, without dividends, it would have been $997. Type your own amount and everything recalculates.
$
- 3 years ago$1,088of which $88 is gain, at 2.86% a year
- 5 years ago$1,052of which $52 is gain, at 1.02% a year
- 10 years ago$1,446of which $446 is gain, at 3.76% a year
These figures have already happened and are not an estimate for what comes next. Dividends are reinvested in the same stock, and the amounts are in the currency the stock trades in, before tax and fees.
Realty Income stock split history
In a split, each share is divided into several. The price falls in the same proportion, and the value you hold stays the same.
How many times has Realty Income split its stock?
2 splits
The latest split was on November 15, 2021, 129-for-125.
- November 15, 2021129-for-125
- January 3, 20052-for-1
Who owns it and what they do with it
Holders and flow
Who stands behind Realty Income Corporation shares, what they buy and sell, and who bets against them.
Who owns Realty Income stock: institutional shareholders
How much of the company is held by funds and institutions, who the largest shareholders are, and whether they are adding to or cutting their stakes.
Who are the largest shareholders of Realty Income?
79.4% held by institutions
Funds and institutions hold 79.4% of Realty Income shares, and management and employees hold 0.1%.
The five largest shareholders hold 41.2% together. The largest, Vanguard Group Inc, owns 16.1%. All five are passive funds, which buy the stock because it is in an index, not because they hold a view on it.
- Institutions79.4%
- Management and employees0.1%
- Other20.5%
Stake and changeThe stake is the share of the company's stock held by the shareholder. The change shows how much they increased or reduced their position in the latest filing.
- Vanguard Group IncDecember 31, 2025 · passive fund16.13%+0.46%
- BlackRock IncDecember 31, 2025 · passive fund11.34%+5.38%
- State Street CorpMarch 31, 2026 · passive fund6.84%+0.32%
- Vanguard Real Estate Index InvestorApril 30, 2026 · passive fund3.63%-0.33%
- Geode Capital Management, LLCMarch 31, 2026 · passive fund3.25%+3.74%
Good sign
Are big investors buying or selling Realty Income stock?
24 of 40 bought
Of the 40 large shareholders on file, 24 added to their stake and 15 cut it.
Overall, they were net buyers of 182,447 shares. The data comes from quarterly filings, the latest up to April 30, 2026.
Bought24
Sold15
One left its stake unchanged.
- Net shares bought
- +182,447
- Active funds
- 9 bought
all large shareholders
11 sold
The list covers the largest reported shareholders, not the whole shareholder base, so the stakes do not add up to 100%.
Realty Income insider trading: what executives are buying and selling
Executives, board members and major shareholders have to report every share they buy or sell. Only open-market trades are shown here, made with their own money.
Worth watching
Are Realty Income insiders buying or selling the stock?
0 purchases in 6 months
Over the past six months, Realty Income insiders reported no purchases and no sales on the open market.
Purchases carry more weight than sales: an insider only buys with their own money when they believe in the company.
Purchases0
Sales0
Open-market trades, last 6 months
- Insiders who boughtHow many different executives and directors bought shares on the open market in the last 12 months. Several different buyers say more than one large purchase.
- Insiders who soldHow many different executives and directors sold shares on the open market in the last 12 months. Sales often have personal reasons: taxes, diversification or a plan set in advance.
- Value of purchasesThe total amount insiders paid for shares bought on the open market in the last 12 months.
- Value of salesThe total amount insiders received from shares sold on the open market in the last 12 months.
- Cluster buyingAt least three different insiders buy shares within the same six-month period. Research shows it is a stronger signal than a purchase by a single person.
What are the largest Realty Income insider trades?
$664,730 largest trade
The largest was a sale by Mary Hogan Preusse on September 30, 2025.
The list covers 2 transactions on the open market, from largest to smallest.
Trade valueThe number of shares multiplied by the price paid or received. A purchase means the insider bought shares on the open market, a sale that they sold them.
- Mary Hogan PreusseSeptember 30, 2025Sale$664,730
- Michelle BushoreApril 2, 2026Sale$461,908
The source does not give each person's role, so a CEO and a board member look the same. Exercised options and shares received as compensation are not included. Latest trade: April 2, 2026.
US Congress trading in Realty Income stock
Members of the US Congress must disclose their stock trades within 45 days under the STOCK Act. Many investors follow these filings, because lawmakers can learn about laws or contracts that affect a company before the market does.
Are members of Congress buying or selling Realty Income stock?
3 purchases in 12 months
Over the past 12 months, members of Congress reported 3 purchases and 4 sales of Realty Income stock.
The exact amounts are unknown: the law only requires a value range, such as $1,001 to $15,000. That is why trades are counted here, not dollars.
Purchases3
Sales4
Reported trades, last 12 months
- PurchasesHow many purchases of Realty Income stock members of Congress disclosed in the last 6 months.
- SalesHow many sales of Realty Income stock members of Congress disclosed in the last 6 months.
- Lawmakers who boughtHow many different members of Congress bought shares in the last 12 months. Several different buyers say more than one person buying often.
- Lawmakers who soldHow many different members of Congress sold shares in the last 12 months.
Which members of Congress traded Realty Income stock?
3 lawmakers
The most recent trade is a purchase disclosed by Ro Khanna on March 30, 2026.
The list covers 7 transactions, starting with the most recent.
Trade dateThe date the lawmaker bought or sold. The disclosure can come up to 45 days later, so trades appear with a delay.
- Ro KhannaMarch 30, 2026Purchase
- Ro KhannaFebruary 24, 2026Sale
- Ro KhannaFebruary 17, 2026Sale
- Ro KhannaJanuary 29, 2026Sale
- Gilbert Ray Cisneros, Jr.December 19, 2025Purchase
The source does not give each lawmaker's chamber or party. This data is for information only and is not a recommendation. Latest disclosed trade: March 30, 2026.
Realty Income short interest: how much is being bet on a fall
Investors who expect the price to fall sell borrowed shares, planning to buy them back cheaper. The more of them there are, the bigger the bet on a decline.
Worth watching
How many Realty Income shares are sold short?
4.08% of the free float
4.08% of the Realty Income shares in the free float are sold short, or 33.3 million shares.
It would take 6.3 days of normal trading for all positions to be closed, so a sudden price jump could force short sellers to buy in a hurry.
0%3%10%20%
- Of the free floatThe share of freely traded stock that is sold short. Below 3% is normal; above 10% points to a big bet on a fall.
- Days to coverHow many days of normal volume it would take for all short sellers to buy back their shares. Above 5-7 days, a sudden price jump can force them to buy in a hurry.
- Shares sold shortThe number of shares borrowed and sold by investors betting on a falling price, at the latest report.
- Short squeeze riskWhen the price jumps suddenly and short sellers have to buy back in a hurry, which pushes the price even higher.
Short positions are reported twice a month, so this figure is older than the price on the page. Latest report: May 25, 2026.
Which indices and ETFs include Realty Income stock
When a stock joins a major index, the funds that track that index buy it automatically. The more funds hold it, the steadier the demand for the stock.
Which stock market indices is Realty Income part of?
1 index
Realty Income is part of the S&P 500.
Its largest weight is in the S&P 500, where it makes up 0.09% of the index.
Weight in the indexHow much of the index's total value the stock makes up. Where the source does not provide it, the weight is missing.
- S&P 5000.09%
Which ETFs hold Realty Income stock?
10 ETFs
Its largest weight is in the Vanguard Value ETF, where it makes up 12.00% of the fund.
The weight shows how much the stock counts for in each fund, not how much of the company the fund owns.
Weight in the fundHow much of the fund's assets are invested in the stock. Assets show the size of the fund, in US dollars.
- Vanguard Value ETFVTV · $180bn in assets12.00%
- Vanguard Growth ETFVUG · $222bn in assets10.00%
- Vanguard S&P 500 ETFVOO · $1,033bn in assets10.00%
- Vanguard Total Stock Market Index Fund ETF SharesVTI · $654bn in assets9.00%
- iShares Core S&P 500 UCITSCSPX · $147bn in assets8.97%
Where it stands against the rest
Context & Comparisons
A number on its own says nothing. Here Realty Income Corporation is placed next to its sector, its industry and the market, so every figure gets a position.
How Realty Income compares with the Real Estate sector
Realty Income belongs to the Real Estate sector, in the REIT - Retail industry. Each metric is shown next to the median of companies in the sector and the industry.
How Realty Income compares with its sector.
Where the company ranks among its sector peers on every metric, from 0 to 100.
Takes 30 seconds. No card needed.
Companies comparable to Realty Income and its direct competitors
Two different lists: stocks with a profile similar to Realty Income, whatever their business, and companies that do the same thing, in the same industry.
Which stocks are most similar to Realty Income?
88.9% similar to Chevron Corp
The closest in profile to Realty Income are Chevron Corp, Southern Company and Honeywell International Inc.
Similarity comes from exposure to the same style factors, such as size, quality or volatility, not from the line of business. That is why companies from other sectors also appear. This is not a recommendation.
Similarity and scoreSimilarity, from 0 to 100%, shows how close the two stocks are on style factors. The score is our overall company score, from 0 to 100.
Chevron CorpCVX · Energy88.9%
Southern CompanySO · Utilities87.4%
Honeywell International IncHON · Industrials87.3%
Air Liquide SAAI.PA · Basic Materials86.7%
PepsiCo IncPEP · Consumer Defensive86.5%- Royal Bank of CanadaRY · Financial Services86.4%
Who are Realty Income's direct competitors?
6 companies in the REIT - Retail industry
The closest in size is Simon Property Group Inc.
The list is sorted by company size, but market value is not shown: it comes in each market's own currency, so the figures cannot be compared.
ScoreOur overall score for each company, from 0 to 100, the same one the verdict comes from.
Simon Property Group IncSPG · US- Kimco Realty CorporationKIM · US
- Regency Centers CorporationREG · US
Unibail-Rodamco-WestfieldURW.PA · FR
Choice Properties Real Estate Investment TrustCHP-UN.TO · CA
Klepierre SALI.PA · FR
How the price moves
Market & Momentum
So far this has been about the company. From here on it is about the share: how much it swings, how deep it fell, and whether the move was worth the risk.
Realty Income stock volatility: how much the price moves and how far it has fallen
How much Realty Income's share price swings, how it moves against the market and how deep its declines have been.
How volatile is Realty Income stock?
17.04% volatility over the past year
Over the past year, Realty Income stock had annualized volatility of 17.04%, and 18.11% over three years.
A beta of 0.61 shows how the stock moves against the market: when the market moves 10%, Realty Income has moved 6.1% on average.
How much the price moved day to day, over the last 90 sessions
On 8 of 90 days, the price moved by more than 2%. Largest one-day drop: -3.24%, largest rise: +3.94%.
When the market moves 10%, the stock moves on average
Market10%
Realty Income6.1%
- Annualised volatility (1 year)How much the price swings over a year, as a standard deviation. Lower means a smoother ride, not necessarily a higher return.
- Annualised volatility (3 years)How widely the price swings in a year, measured over the last three. Below 20% is calm; above 40% takes a strong stomach.
- BetaAgainst the market, over 5 years. How strongly the share moves when the market moves. Below 1 is calmer than the market; above 1 amplifies its moves.
- Downside betaOnly on days the market falls. How much the share moves against the market, measured ONLY on days the market falls. Lower than ordinary beta = falls less than it rises. Higher = amplifies the falls.
- Beta over the last yearCalculated on the past year only. The same market sensitivity, but computed on the last twelve months only. Compared with long-term beta, it shows whether the share has turned choppier lately.
- Raw betaWithout the adjustment toward 1. How much the share moves against the market, without the usual statistical adjustment. Above 1 = moves more than the market. This is the unsmoothed figure; adjusted beta is steadier.
How far has Realty Income stock fallen from its peak?
-48.28% largest decline
Realty Income stock's largest decline was 48.28%, and getting back to the previous peak took 757 days.
The price is now 7.26% below its previous peak.
- Maximum drawdownFrom peak to trough. The largest peak-to-trough fall over the period analysed. Smaller is easier to sit through.
- Current drawdownHow far below the previous peak it is now. How far today’s price sits below the highest peak reached. Zero means it is at the peak. The deeper it is, the more there is to recover.
- Distance from the 52-week highAgainst the highest price of the past year. How far the price sits below its highest level of the past 52 weeks. Near zero = at the high. Deeply negative = it has given up a lot from the peak.
- Likely worst-case drawdownExceeded on only 5% of days. How deep the fall could be in the worst 5% of scenarios. Lower is better. It is a statistical estimate, not a guaranteed floor.
- Ulcer index (1 year)How deep and how long the falls of the past year were, in a single figure. Lower is better: it measures discomfort, not just swing.
- Ulcer index (3 years)How deep and how long the falls below previous peaks have been. Low means few long stretches spent below the peak.
- Days to recoverUntil it got back to the peak. How many days the price needed to return to its peak after the largest fall. Fewer is better. Hundreds of days means patience was tested.
Volatility is calculated from daily prices, over the last year and the last three years. Beta compares the stock's moves with the market's over the last five years; one-year beta uses only the last twelve months. These measure the past, they are not forecasts. The histogram uses daily closing prices from the last three months.
Realty Income stock's risk-adjusted return
The same gain earned with wide or narrow swings is not worth the same. The figures below divide the return by the risk it was earned with.
Worth watching
Was Realty Income stock worth the risk?
0.72 Sharpe ratio over one year
Partly. A Sharpe ratio of 0.72 shows Realty Income stock returned more than a risk-free investment, but not much for how much it swung.
Over three years, the Sharpe ratio is 0.16, so over the longer term the risk was paid less well than in the past year.
Risk ratiosEach divides the gain by a form of risk. The Sharpe and Sortino bars start from 0, the Omega bar from 1, the point where gains equal losses. Each row has its own scale. Below the one-year value you see the three-year value, where it exists.
- Sharpe ratioReturn above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.
- Sortino ratioLike Sharpe, but only penalising downward swings, not upward ones. Above 1.5 means good return relative to downside risk.
- Omega ratioThe ratio of gains to losses over the past year, weighted by their size. Above 1 means the good side weighed more than the bad.
- Total return, 12 monthsPast 12 months, with dividends. Gain over the past year, with dividends reinvested. Compared with the benchmark index, not in isolation.
- Calmar ratioAgainst the largest decline. Annual return divided by the largest drawdown suffered. Above 0.5 is decent. It says how much return you got for each unit of pain.
- Treynor ratioAgainst market risk, past year. Return above the risk-free rate divided by beta - against market risk, not total swing. Higher is better. Useful when the share is held in a portfolio rather than alone.
Each one relates the gain to a form of risk: Sharpe to total swings, Sortino only to the downside, Omega weighs gains against losses, Calmar uses the deepest fall, Treynor market risk. Thresholds used: Sharpe and Sortino above 1 good, 0 to 1 moderate, below 0 weak; Omega above 1 good, below 1 weak; Calmar above 0.5 good, 0 to 0.5 moderate, below 0 weak. Treynor has no general threshold, so we show it without a verdict. The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.
Realty Income stock trend: moving averages and oscillators
Where Realty Income's share price stands against its averages and how stretched the recent move is.
Is Realty Income stock in an uptrend?
4 of 4 trend signals pointing up
Yes. Realty Income's share price is above its 200-day average, and the 50-day average is above the 200-day one.
- Above the 200-day averageWhether today’s price is above or below the long-term average. Above is read as a structural uptrend; below, a downtrend.
- Short average above the long oneWhether the 50-day average is above the 200-day. When the short crosses above the long it is called a golden cross; the reverse, a death cross.
- Moving-average crossover stateWhich average is on top, expressed as +1 or -1. +1 = short above long; -1 = the reverse.
- Parabolic SAR directionThe direction signal given by the Parabolic SAR indicator. +1 = uptrend; -1 = downtrend.
The price over the last 91 sessions, with the 50-day average. The dashed line marks today's level of the 200-day average.
$65.77$52.62
May 15, 2026October 20, 2026
- Current priceThe latest closing price in the daily data, the white line on the chart.
- 50-day moving averageAverage price, last 50 days. The average price over the last fifty trading sessions. It is the short-term reference: price above it means a recent upward trend.
- 200-day moving averageAverage price, last 200 days. The average price over the last two hundred sessions. It is the long-term reference, the most watched line in technical analysis.
Is Realty Income stock overbought?
49.28 14-day RSI
No. An RSI of 49.28 is between 30 and 70, the usual range.
Trend strength (ADX) is 25.29, above the 25 threshold: the move has a clear direction.
OscillatorsThey show how stretched the recent price move is. Each scale marks the usual thresholds from technical analysis. These are states with established names, not recommendations.
- MACD lineDifference between the 12-day and 26-day averages. The gap between the 12-day and the 26-day exponential average - how fast direction is changing. Above the signal and rising means upward momentum.
- MACD signal9-day average of the MACD line. The nine-day average of the MACD line. It is the threshold the line is read against. It is not judged on its own: what matters is whether the line is above or below it.
- MACD histogramThe line minus the signal. The gap between the MACD line and its signal - how fast momentum is changing. Positive and rising = upward momentum; negative = downward momentum.
- On-balance volume slope (50 days)Direction of volume, last 50 days. Where cumulative volume is heading over the last fifty sessions. Positive means more is being accumulated than distributed.
- Relative strength index (RSI 14)Usual thresholds: 30 and 70. How fast the price rose or fell over the last fourteen days, on a scale from 0 to 100. Below 30 is considered oversold, above 70 overbought. In between, no signal.
- Commodity channel index (CCI 20)Usual thresholds: -100 and 100. How far the price is from its twenty-day average, measured in typical deviations. Between -100 and +100 is normal; outside that, an unusual move against the recent pattern.
- Position in the Bollinger bandBetween 0 and 1, the price is inside the band. Where the price sits between the lower band (0) and the upper band (1) of the volatility channel. Below 0 or above 1 means the price has left the channel - rare, and usually brief.
- Trend strength (ADX 14)Above 25, the trend is clear. How clear the price direction is, whether it rises or falls. Above 25 = a clear trend; below 20 = it moves sideways.
The thresholds marked on the scales are the usual ones in technical analysis: 30 and 70 for RSI, ±100 for CCI, 0 and 1 for the Bollinger band, 20 and 25 for trend strength. They are widely used conventions, not rules. The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.
Who Realty Income stock is suited for
Each row is an investing style. The more checks Realty Income passes for a style, the better it suits people who invest that way. There is no right style.
Bad sign
What kind of investor is Realty Income stock right for?
9 of 29 checks passed
A failed check is not a flaw in itself: a growth company fails almost everything to do with value, and that is normal. What matters is the pattern, where it passes and where it fails, not the count on its own.
The checksEach style has a few checks, each with a threshold. The bar shows how many of them the company passes. Open a style to see which pass and which fail.
ValueFor those looking for a low price against what the company produces1 of 4
- Upside to fair valueHow much room there is between today’s price and the value computed from discounted cash flows. Positive means the model sees the share below its value.
- Price / earnings (trailing 12 months)How many years of current profit you pay for one share. Judged against sector and growth rate, never in isolation.
- Price / sales (trailing 12 months)How many times annual sales you pay for a share. Useful for companies without profit; judged against the sector, not in absolute terms.
- Free cash flow yieldHow much free cash the company produces relative to its market value. Above ~5% is attractive; below 2% is expensive.
- Margin of safetyHow far the market price sits below our fair-value estimate. Positive and wide means buying below value. Negative means paying above it.
QualityFor those looking for a business that earns well on the capital it uses1 of 6
- Return on capital above its costWhether the return on invested capital exceeds the weighted average cost of capital. Above the cost of capital the company creates value; below, it destroys it.
- Return on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
- Net margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
- Competitive moatHow well defended the company’s position is against competitors. A wide moat means profit is harder to erode.
- Piotroski F-scoreNine balance-sheet and profitability checks, one point for each one passed. Above 7 out of 9 is considered solid; below 3, weak.
- Sloan ratioHow much of the profit comes from accounting accruals rather than cash received. Near zero is better: the profit shows up in the account, not just the report.
Financial healthFor those who want to sleep easy: low debt, solid balance sheet3 of 6
- Warning flagsThe number of forensic flags raised by the reporting-quality models. Zero is what you want to see.
- Debt / EBITDAHow many years of operating profit it would take to cover total debt. Below 3 is comfortable; above 4 becomes a burden.
- Altman Z'' scoreStatistical model estimating bankruptcy risk, adapted for non-financial firms. Above 2.6 is the safe zone; below 1.1 is the distress zone.
- Interest coverageHow many times operating profit covers the interest the company owes in a year. Above 3 is comfortable; below 1.5 means interest eats almost all the profit.
- Probability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.
- Behaviour in recessionHow the share behaved through recent economic contractions. A smaller fall than the market shows resilience.
GrowthFor those looking for revenue and profit rising year after year2 of 4
- Earnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
- Revenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
- Rule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.
- Analyst revisionsWhich way analysts have moved their estimates lately. Upward means expectations are rising.
DividendsFor those who want regular income, not just a rising price1 of 4
- Dividend yield (trailing 12 months)Dividends paid over the past year against the current price. Judged together with sustainability, not on level alone.
- Payout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
- Streak of good reportsHow many quarters in a row the company has beaten expectations. A long streak shows predictability; a broken one, a change.
- Total shareholder yieldDividends, buybacks and debt reduction taken together. The full picture of money returned to shareholders.
Momentum and performanceFor those who follow the recent trend in the price1 of 5
- Beats, last yearHow many times over the last year the result came in above estimates. More beats suggest cautious estimates or good execution.
- Beats, three yearsHow many times over the last three years the result came in above estimates. More beats suggest cautious estimates or good execution.
- Beats, five yearsHow many times over the last five years the result came in above estimates. More beats suggest cautious estimates or good execution.
- Price momentumThe direction and strength of the recent price move. Positive means the recent trend is upward.
- Sharpe ratio (1 year)Return above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.
In short
Frequently asked questions about Realty Income Corporation (O) stock
Short answers to the questions investors ask most about Realty Income, with figures as of October 20, 2026.
What is the Realty Income (O) share price today?
$56.34
At the close on October 20, 2026, one Realty Income share cost $56.34. Over the past 52 weeks, the price has ranged between $52.59 and $67.35. Compared with a year ago, the stock is up 8.3%.
See the full analysisDoes Realty Income pay a dividend?
5.75% a year
Yes, Realty Income pays a monthly dividend: $3.24 per share over the last 12 months, a yield of 5.75% at today's price. The 5.75% yield is above the Real Estate sector median of 4.29%. The latest payment was $0.27 per share, with an ex-dividend date of May 29, 2026.
See the full analysisIs Realty Income stock expensive?
P/E 42.1
At today's price, Realty Income shares trade at 42.1 times earnings (price-to-earnings ratio), compared with a median of 11.6 in the Real Estate sector. Investors are paying a 263% premium over the typical company in the sector, a sign they expect more from it than from the sector. Relative to sales, the stock trades at 8.9 times annual revenue, compared with 4.5 in the sector.
See the full analysisIs Realty Income profitable?
18.9% margin
Yes. Realty Income keeps 18.9% of its revenue as net profit (net margin). Its return on invested capital (ROIC) is 1.6%.
See the full analysisAre Realty Income’s revenue and earnings growing?
Revenue +9.1%
In its latest fiscal year, Realty Income grew revenue by 9.1% compared with 2024. Net income rose 23.0%. Over the past 5 years, revenue has grown by an average of 28.4% a year. Earnings per share have grown by an average of 0.4% a year over the same period.
See the full analysisWhat is the analyst price target for Realty Income stock?
Target +10.2%
The average 12-month analyst price target for Realty Income shares is $68.45. The target is 10.2% above today's price. The estimate comes from 23 analysts, not from our analysis, and their average recommendation is “hold”, at 3.48 out of 5.
See the full analysisWhen does Realty Income report earnings?
Realty Income has not yet announced the date of its next earnings report. Over the last 8 quarters, Realty Income never beat earnings estimates.
See the full analysisDoes Realty Income have a lot of debt?
Debt 7.78x EBITDA
Realty Income carries $30.94 bn in financial debt, or 7.78 times its annual operating profit (EBITDA). That is above the sector median of 6.93, so the company is more indebted than the typical firm in its industry. Cash and short-term investments of $434.8 m cover 1% of that debt. Its Altman Z-score puts it in the distress zone, where financial trouble is more likely.
See the full analysisHow do you buy Realty Income (O) shares?
O
Realty Income shares trade on the New York Stock Exchange (NYSE) under the ticker O, in US dollars. You buy them through a broker with access to this exchange: search for the ticker O or the ISIN US7561091049 and place an order. Brokers with access to this exchange, from our comparison: eToro, Trading212 and XTB. O trades Monday to Friday, from 9:30 to 16:00 New York time. Many brokers also offer fractional Realty Income shares, so you don't need $56.34 to get started. Because Realty Income is a US company, investors outside the US fill in form W-8BEN once, so the broker can apply their country's tax-treaty rate to US withholding on its dividends instead of the standard 30%.
Affiliate links: if you open an account, we may earn a commission at no cost to you. Investing involves the risk of losing money.
How risky is Realty Income stock?
Beta 0.61
Realty Income shares have a beta of 0.61, so the stock has moved less than the market: when the market moved 10%, it moved 6.1% on average. Its largest drop from a peak was 48.3%, and the recovery took 757 days. Volatility over the past year is 17.0%.
See the full analysisIs Realty Income stock in an uptrend or a downtrend?
+4.6% vs 200-day average
Long term, it is trending up: Realty Income shares trade 4.6% above their 200-day average. The 50-day average is above the 200-day average, a sign the rise has lasted for several months.
See the full analysisHow much would you have made with Realty Income stock?
+45% in 10 years
Anyone who bought Realty Income shares 10 years ago has a total gain of 45% today, with dividends reinvested, or 3.8% a year. Over the past year, the gain was 3.3%.
See the full analysisThis information is educational and is not investment advice. Figures update together with the data on this page.
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