Realty Income/$O
1D1W1MYTD1Y5YMAX
Capital at risk
About Realty Income
Realty Income owns roughly 15,600 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in all 50 states and Puerto Rico and are leased to nearly 1,800 tenants from 92 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 20% of revenue.
- Ticker
- $O
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 544
- Headquarters
- San Diego, United States
- Website
- www.realtyincome.com
Realty Income Metrics
BasicAdvanced
$53B
41.41
$1.37
0.72
$3.24
5.74%
Price and volume
Market cap
$53B
Beta
0.72
52-week high
$67.94
52-week low
$55.86
Average daily volume
6.2M
Dividend rate
$3.24
Financial strength
Current ratio
1.528
Quick ratio
0.446
Long term debt to equity
0.665
Total debt to equity
0.747
Dividend payout ratio (TTM)
236.39%
Interest coverage (TTM)
2.35%
Profitability
EBITDA (TTM)
5,340.437
Gross margin (TTM)
92.68%
Net profit margin (TTM)
20.90%
Operating margin (TTM)
46.01%
Effective tax rate (TTM)
6.93%
Revenue per employee (TTM)
$11,150,000
Management effectiveness
Return on assets (TTM)
2.36%
Return on equity (TTM)
3.22%
Valuation
Price to earnings (TTM)
41.407
Price to revenue (TTM)
8.637
Price to book
1.36
Price to tangible book (TTM)
1.85
Price to free cash flow (TTM)
12.574
Free cash flow yield (TTM)
7.95%
Free cash flow per share (TTM)
4.506
Dividend yield (TTM)
5.72%
Forward dividend yield
5.74%
Growth
Revenue change (TTM)
10.74%
Earnings per share change (TTM)
33.46%
3-year revenue growth (CAGR)
18.03%
10-year revenue growth (CAGR)
19.05%
3-year earnings per share growth (CAGR)
0.78%
10-year earnings per share growth (CAGR)
2.30%
3-year dividend per share growth (CAGR)
2.47%
10-year dividend per share growth (CAGR)
3.31%
What the Analysts think about Realty Income
Analyst ratings (Buy, Hold, Sell) for Realty Income stock.
Analyst projections of the future price of Realty Income stock.
Bulls say / Bears say
Realty Income’s core portfolio remains resilient: occupancy was 98.8%, AFFO per share rose 3.8% year on year to $1.09, and the dividend used 74.5% of quarterly AFFO. Management also raised 2026 AFFO guidance to $4.44–$4.45 per share, leaving a useful coverage cushion. (PR Newswire)
The acquisition engine is still producing growth: Realty Income invested $2.6 billion in the second quarter at a 7.3% initial cash yield and lifted its 2026 investment target to $10 billion. Private-capital partnerships have also reduced the need to rely heavily on public equity to fund expansion. (PR Newswire, The Motley Fool)
Realty Income is broadening its growth options beyond traditional retail. Its Cloud Capital venture targets a $6 billion portfolio of leased or pre-leased hyperscale data centres, while the new KKR venture brings €528 million of institutional capital into European net-lease assets. (PR Newswire, PR Newswire)
Higher government bond yields could keep pressuring Realty Income’s valuation because its dividend competes directly with relatively risk-free income. Management has also acknowledged that strong competition can hold acquisition cap rates down, narrowing the spread between property yields and funding costs. (The Motley Fool, 24/7 Wall St.)
Organic growth is modest, so future per-share growth depends heavily on acquisitions and capital markets. Same-store rent growth is forecast at only 1.1%–1.3%, while the roughly 4% AFFO growth outlook and 0.7% year-on-year dividend increase point to a relatively slow growth profile. (PR Newswire)
Despite diversification efforts, retail still represents close to 80% of annual base rent, leaving Realty Income exposed to consumer-facing tenant stress. Management’s credit watch list remains about 5.8%–5.9% of annual base rent, with casual dining, home furnishings and car washes among the areas being monitored. (Stock Analysis)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
Realty Income Financial Performance
Revenues and expenses
Realty Income Earnings Performance
Company profitability
Upcoming events
Realty Income News
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Funds containing Realty Income
AllEURGBPUSD
Fund name | Fund size | $O weighting |
|---|---|---|
VanEck Global Real Estate€TRET | €255M | 4.02% |
VanEck Global Real Estate£TREG | £222M | 4.02% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 3.17% |
iShares Developed Markets Property Yield£IWDP | £859M | 3.17% |
SPDR S&P US Dividend Aristocrats€SPYD | €3.3B | 2.05% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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