Realty Income (O) Stock Price

Realty Income Price

NYSE·CLOSED
62.61USD-0.13 (-0.21 %)
Market closed

Revenue has compounded at 18.3% per year over the past 19 years to 5.75 B USD. Earnings per share have grown at 0.3% per year over the last 19 years. Realty Income's net margin stands at 18.4%, up from 17.3% several years earlier. Realty Income currently offers a dividend yield of about 5.57%. The payout ratio is around 298% of earnings. The dividend has grown at 4.7% per year over the past 19 years. Analysts set a median price target of 64.26 USD, implying 2.6% above the current price. Of 30 analysts, 12 rate the stock a buy — an overall Hold consensus. Over the past year Realty Income shares have gained 6.1%. The stock trades about 12% above its 52-week low.

Realty Income stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Realty Income over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Realty Income stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Realty Income's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Realty Income Stock Price History
DateRealty Income Price
8/19/202662.61 USD
8/14/202662.74 USD
8/13/202662.95 USD
8/12/202662.59 USD
8/11/202661.89 USD
8/10/202661.57 USD
8/7/202662.51 USD
8/6/202662.36 USD
8/5/202662.38 USD
8/4/202662.91 USD
8/3/202663.48 USD
7/31/202663.87 USD
7/30/202664.43 USD
7/29/202665.80 USD
7/27/202665.99 USD
7/23/202664.72 USD
7/22/202665.03 USD
7/21/202664.99 USD
7/20/202665.18 USD
7/17/202665.71 USD
7/16/202665.75 USD
7/15/202663.26 USD
7/14/202663.77 USD
7/13/202663.83 USD
7/10/202663.31 USD
7/9/202663.17 USD
7/8/202663.58 USD
7/7/202664.01 USD
7/6/202663.04 USD
7/2/202663.84 USD
7/1/202661.82 USD
6/30/202661.96 USD
6/29/202662.58 USD
6/26/202663.12 USD
6/25/202662.04 USD
6/24/202661.99 USD
6/23/202661.53 USD
6/22/202660.88 USD
6/18/202660.55 USD
6/17/202661.35 USD
6/16/202662.13 USD
6/15/202662.52 USD
6/12/202662.75 USD
6/11/202662.74 USD
6/10/202662.23 USD
6/9/202661.25 USD
6/8/202660.01 USD
6/5/202660.49 USD
6/4/202660.14 USD
6/3/202660.35 USD
6/2/202659.76 USD
6/1/202660.34 USD
5/29/202661.07 USD
5/28/202662.29 USD
5/27/202662.63 USD
5/26/202662.02 USD
5/22/202661.78 USD
5/21/202662.05 USD
5/20/202661.85 USD
5/19/202662.09 USD
5/18/202661.71 USD
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5/14/202661.96 USD
5/13/202661.52 USD
5/12/202662.53 USD
5/11/202662.36 USD
5/8/202661.92 USD
5/7/202661.79 USD
5/6/202664.01 USD
5/5/202663.57 USD
5/4/202663.45 USD
5/1/202663.81 USD
4/30/202664.24 USD
4/29/202663.29 USD
4/28/202663.55 USD
4/27/202662.75 USD
4/24/202663.33 USD
4/23/202664.08 USD
4/22/202663.34 USD
4/21/202664.00 USD
4/20/202664.92 USD
4/17/202665.09 USD
4/16/202664.64 USD
4/15/202663.96 USD
4/14/202663.81 USD
4/13/202663.32 USD
4/10/202663.75 USD
4/9/202663.20 USD
4/8/202662.79 USD
4/7/202662.23 USD
4/6/202661.79 USD
4/2/202662.33 USD
4/1/202661.88 USD
3/31/202661.18 USD
3/30/202661.15 USD
3/27/202661.01 USD
3/26/202660.27 USD
3/25/202660.31 USD
3/24/202660.74 USD
3/23/202660.88 USD
3/20/202661.02 USD
3/19/202662.64 USD
3/18/202662.64 USD
3/17/202664.38 USD
3/16/202664.93 USD
3/13/202664.47 USD
3/12/202665.01 USD
3/11/202664.78 USD
3/10/202664.96 USD
3/9/202664.94 USD
3/6/202664.76 USD
3/5/202664.80 USD
3/4/202666.00 USD
3/3/202666.56 USD
3/2/202667.56 USD
2/27/202667.00 USD
2/26/202666.68 USD
2/25/202665.99 USD
2/24/202666.52 USD
2/23/202666.68 USD
2/20/202666.15 USD
2/19/202665.50 USD
2/18/202665.05 USD
2/17/202666.34 USD
2/13/202665.58 USD
2/12/202664.76 USD
2/11/202664.39 USD
2/10/202663.90 USD
2/9/202663.09 USD
2/6/202663.24 USD
2/5/202663.26 USD
2/4/202662.32 USD
2/3/202661.31 USD
2/2/202660.55 USD
1/30/202661.16 USD
1/29/202660.76 USD
1/28/202660.11 USD
1/27/202660.86 USD
1/26/202660.37 USD
1/23/202660.72 USD
1/22/202660.86 USD
1/21/202661.62 USD
1/20/202661.58 USD
1/16/202661.32 USD
1/15/202660.51 USD
1/14/202660.16 USD
1/13/202659.06 USD
1/12/202658.79 USD
1/9/202658.12 USD
1/8/202658.10 USD
1/7/202657.30 USD
1/6/202657.48 USD
1/5/202657.85 USD
1/2/202657.31 USD
12/31/202556.56 USD
12/30/202557.11 USD
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12/26/202556.74 USD
12/24/202556.67 USD
12/23/202556.09 USD
12/22/202556.66 USD
12/19/202556.53 USD
12/18/202556.77 USD
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12/15/202558.07 USD
12/12/202557.72 USD
12/11/202557.22 USD
12/10/202556.67 USD
12/9/202557.25 USD
12/8/202557.61 USD
12/5/202558.51 USD
12/4/202558.21 USD
12/3/202558.01 USD
12/2/202557.44 USD
12/1/202557.44 USD
11/28/202557.61 USD
11/26/202557.26 USD
11/25/202556.78 USD
11/24/202556.58 USD
11/21/202556.77 USD
11/20/202556.22 USD
11/19/202556.66 USD
11/18/202557.29 USD
11/17/202557.00 USD
11/14/202556.91 USD
11/13/202556.61 USD
11/12/202556.99 USD
11/11/202557.16 USD
11/10/202556.49 USD
11/7/202556.91 USD
11/6/202556.39 USD
11/5/202556.39 USD
11/4/202556.38 USD
11/3/202558.19 USD
10/31/202557.99 USD
10/30/202558.06 USD
10/29/202558.53 USD
10/28/202559.38 USD
10/27/202560.27 USD
10/24/202560.05 USD
10/23/202560.30 USD
10/22/202560.17 USD
10/21/202560.11 USD
10/20/202560.59 USD
10/17/202559.91 USD
10/16/202559.26 USD
10/15/202559.36 USD
10/14/202558.84 USD
10/13/202558.77 USD
10/10/202558.09 USD
10/9/202558.80 USD
10/8/202559.29 USD
10/7/202559.71 USD
10/6/202559.93 USD
10/3/202560.39 USD
10/2/202560.01 USD
10/1/202560.47 USD
9/30/202560.79 USD
9/29/202560.79 USD
9/28/202560.55 USD
9/25/202560.32 USD
9/24/202559.79 USD
9/23/202559.66 USD
9/22/202559.14 USD
9/19/202559.50 USD
9/18/202559.29 USD
9/17/202559.79 USD
9/16/202559.99 USD
9/15/202560.23 USD
9/12/202560.38 USD
9/11/202560.15 USD
9/10/202559.50 USD
9/9/202559.21 USD
9/8/202559.21 USD
9/5/202559.08 USD
9/4/202558.11 USD
9/3/202557.91 USD
9/2/202557.79 USD
8/29/202558.78 USD
8/28/202558.17 USD
8/27/202558.57 USD
8/26/202558.19 USD
8/25/202558.48 USD
8/22/202559.02 USD
8/21/202559.58 USD
8/20/202559.90 USD
8/19/202558.97 USD
Access this data via the Eulerpool API

Realty Income Revenue, FFO, Net Income

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue
FFO
Net Income
Details
Date
Revenue
FFO
Net Income
Jan 1, 2023
4.08 B USD
2.77 B USD
872.31 M USD
Jan 1, 2024
5.27 B USD
3.26 B USD
860.77 M USD
Jan 1, 2025
5.75 B USD
3.59 B USD
1.06 B USD
Jan 1, 2026 (e)
5.74 B USD
0.00 USD
1.35 B USD
Jan 1, 2027 (e)
6.25 B USD
0.00 USD
1.47 B USD
Jan 1, 2028 (e)
6.65 B USD
0.00 USD
1.53 B USD
Jan 1, 2029 (e)
7.16 B USD
0.00 USD
1.89 B USD
Jan 1, 2030 (e)
5.83 B USD
0.00 USD
0.00 USD

Realty Income Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 19, 2026, 7:44 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
1.021.101.221.331.491.652.083.344.085.275.755.746.256.657.165.83
9.657.8210.159.2212.1310.6926.2960.7221.9929.259.07-0.219.016.357.71-18.69
94.5394.2994.3295.0394.0293.6293.5693.2492.2592.8389.7989.7989.7989.7989.7989.79
0.971.041.151.261.401.541.953.123.764.895.165.155.625.976.435.23
0.510.540.590.640.740.790.950.921.711.961.631.371.471.601.721.40
49.7648.7848.4848.0049.6648.0945.7727.4341.8637.1528.3023.8823.4424.0023.9923.98
0.280.320.320.360.440.400.360.870.870.861.061.351.471.531.89
4.8111.310.9514.1520.11-9.40-9.11142.060.35-1.3823.0227.609.193.7323.68
2.282.402.542.642.722.802.852.973.062.873.493.253.343.44
-10.945.265.833.943.032.941.794.213.03-6.2121.60-6.882.772.99
249.51259.61276.60293.35329.36357.37591.26635.64726.86879.65904.79904.79904.79904.79904.79904.79
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Realty Income generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Realty Income retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Realty Income's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Realty Income has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Realty Income's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Realty Income stock margins

The Realty Income margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Realty Income. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Realty Income.
  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
93.58 %
45.76 %
17.28 %
Jan 1, 2022
93.23 %
27.44 %
26.00 %
Jan 1, 2023
92.23 %
41.87 %
21.39 %
Jan 1, 2024
92.84 %
37.15 %
16.33 %
Jan 1, 2025
89.80 %
28.30 %
18.41 %
Jan 1, 2026 (e)
89.80 %
23.89 %
23.54 %
Jan 1, 2027 (e)
89.80 %
23.45 %
23.58 %
Jan 1, 2028 (e)
89.80 %
24.00 %
23.00 %

Realty Income Stock Revenue, EBIT, Earnings per Share

The Realty Income earnings per share therefore indicates how much revenue Realty Income has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
3.52 USD
1.61 USD
0.61 USD
Jan 1, 2022
5.26 USD
1.44 USD
1.37 USD
Jan 1, 2023
5.61 USD
2.35 USD
1.20 USD
Jan 1, 2024
5.99 USD
2.23 USD
0.98 USD
Jan 1, 2025
6.35 USD
1.80 USD
1.17 USD
Jan 1, 2026 (e)
6.64 USD
1.51 USD
1.56 USD
Jan 1, 2027 (e)
7.24 USD
1.62 USD
1.71 USD
Jan 1, 2028 (e)
7.70 USD
1.76 USD
1.77 USD

Realty Income business model & stock analysis

Realty Income Corporation is a publicly traded company based in San Diego, California. It was founded in 1969 by William E. Clark and is now one of the largest net lease real estate investors in the United States, with a portfolio of over 6,500 properties spread across 49 states. The history of Realty Income Corp begins in 1969, when William E. Clark and his wife Jeanne moved to Escondido, California. He recognized a growing demand for retail space and began acquiring commercial properties. During the early years, the business was challenging as some tenants failed to pay rent or fulfill lease agreements. This led William E. Clark to develop the idea of monthly rent that is reliably collected. With this concept, he was ahead of his time and achieved great success. In 1994, Realty Income Corp was listed on the New York Stock Exchange. Since then, the company has continuously grown and now offers a wide range of commercial real estate investments. Realty Income Corp's business model focuses on long-term leasing of retail and commercial properties to tenants with high creditworthiness. These properties are often used as grocery stores, pharmacies, home improvement stores, or other well-attended facilities. Another important aspect of Realty Income Corp's business model is its dividend strategy. The company pays a monthly dividend to its shareholders and has a 50-year history without any reductions or suspensions of payouts. This makes the company particularly attractive to investors seeking regular and stable income streams. The dividend strategy is supported by the company's growth, which has had an average annual growth rate of 4.7% since its inception. Realty Income Corp is divided into three business segments: retail, office, and industrial. The retail sector makes up the largest portion of the portfolio, followed by offices and industrial properties. The company owns properties of various sizes and price ranges, from small retail spaces to large shopping centers. The company is also engaged in various activities such as leasing properties, managing real estate portfolios, and leasing commercial and logistics spaces. Realty Income Corp is a long-term investor that invests significant amounts of equity in its properties. Due to this investment strategy and the continuous expansion of its portfolio, the company is able to withstand market changes and competitors. Overall, Realty Income Corp is a leading investor in commercial real estate and offers a stable dividend strategy for investors. Over the past 50 years, the company has proven its ability to adapt to market changes and achieve long-term growth.

Realty Income SWOT Analysis

Strengths

Realty Income Corp has a strong reputation in the real estate industry, known for its consistent and reliable cash flows. The company has a diverse portfolio of high-quality commercial properties, spread across different industries and regions. This diversity helps to mitigate risks and provides stability to its income stream. Realty Income also benefits from long-term leases with reputable tenants, which ensures a steady rental income and reduces vacancy risks.

Weaknesses

One of the weaknesses of Realty Income Corp is its reliance on rental income as the primary source of revenue. This creates vulnerability to economic downturns or sector-specific challenges that may impact rental demand. Additionally, the company's growth strategy heavily relies on debt financing, which exposes them to interest rate fluctuations and potential financial constraints in adverse market conditions.

Opportunities

The ongoing trend of e-commerce and omnichannel retail presents an opportunity for Realty Income Corp to attract online retailers and logistics companies as tenants. These sectors have shown resilient growth and increased demand for industrial and distribution properties. Expanding into international markets also offers growth potential for the company, allowing them to diversify their property portfolio and capture new income streams.

Threats

One major threat faced by Realty Income Corp is the potential impact of economic recessions or market downturns on the real estate industry. These conditions can lead to reduced demand for commercial properties, increased tenant defaults, and declining property values. Political and regulatory changes can also pose threats, such as changes in tax policies or zoning regulations that could affect the company's operations and profitability.

Realty Income Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Realty Income Employees
Details
Date
Realty Income Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Realty Income Segments

Realty Income Revenue by Segment

  • 3 Years

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  • Max

Retail
Industrial
Other
Rental
Other (2)
Tenant reimbursements
Details
Date
Retail
Industrial
Other
Rental
Other (2)
Tenant reimbursements
Jan 1, 2018
0.00 USD
0.00 USD
6.29 M USD
231.87 M USD
0.00 USD
46.95 M USD
Jan 1, 2022
2.73 B USD
495.40 M USD
0.00 USD
0.00 USD
74.20 M USD
0.00 USD
Jan 1, 2023
3.19 B USD
559.10 M USD
205.50 M USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
4.01 B USD
795.10 M USD
238.70 M USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
4.33 B USD
864.45 M USD
247.21 M USD
0.00 USD
0.00 USD
0.00 USD

Realty Income Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Realty Income historical P/E ratio, EBIT multiple, and P/S ratio

Realty Income annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Realty Income shares outstanding

The number of shares of Realty Income was 904.79 M in 2025. This indicates how many shares Realty Income is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
591.26 M Stocks
Jan 1, 2022
635.64 M Stocks
Jan 1, 2023
726.86 M Stocks
Jan 1, 2024
879.65 M Stocks
Jan 1, 2025
904.79 M Stocks
Jan 1, 2026 (e)
904.79 M Stocks
Jan 1, 2027 (e)
904.79 M Stocks
Jan 1, 2028 (e)
904.79 M Stocks

Realty Income stock splits

In Realty Income's history, there have been no stock splits.

Realty Income Dividend History

33 years of dividend payments

YearAnnual DividendYoY ChangePayments
20261.62USD 53.4%
Jan 30, 20260.27USD 0.0%1/6
Feb 27, 20260.27USD 0.0%2/6
Mar 31, 20260.27USD 0.4%3/6
Apr 30, 20260.27USD 0.0%4/6
May 29, 20260.27USD 0.0%5/6
Jun 30, 20260.27USD 0.0%6/6
20253.49USD 21.5%13×
Jan 2, 20250.26USD 0.2%1/13
Feb 3, 20250.26USD 0.0%2/13
Mar 3, 20250.27USD 1.5%3/13
Apr 1, 20250.27USD 0.2%4/13
May 1, 20250.27USD 0.0%5/13
Jun 2, 20250.27USD 0.0%6/13
Jul 1, 20250.27USD 0.2%7/13
Aug 1, 20250.27USD 0.0%8/13
Sep 2, 20250.27USD 0.0%9/13
Oct 1, 20250.27USD 0.2%10/13
Oct 31, 20250.27USD 0.0%11/13
Nov 28, 20250.27USD 0.0%12/13
Dec 31, 20250.27USD 0.2%13/13
20242.87USD 6.2%11×
20233.06USD 3.0%12×
20222.97USD 4.4%12×
20212.85USD 1.6%12×
20202.80USD 3.1%12×
20192.72USD 3.0%12×
20182.64USD 4.0%12×
20172.54USD 5.6%12×

Realty Income dividend history and estimates

In 2025, Realty Income paid a dividend amounting to 3.49 USD. Dividend means that Realty Income distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
2.85 USD
0.00 USD
Jan 1, 2022
2.97 USD
0.00 USD
Jan 1, 2023
3.06 USD
0.00 USD
Jan 1, 2024
2.87 USD
0.00 USD
Jan 1, 2025
3.49 USD
0.00 USD
Jan 1, 2026 (e)
1.62 USD
1.62 USD
Jan 1, 2027 (e)
0.00 USD
3.34 USD
Jan 1, 2028 (e)
0.00 USD
3.44 USD

Realty Income dividend payout ratio

In 2025, Realty Income had a payout ratio of 81.14%. The payout ratio indicates the percentage of the company's profits that Realty Income distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

FFO payout ratio
Details
Date
FFO payout ratio
Jan 1, 2021
133.65 %
Jan 1, 2022
74.22 %
Jan 1, 2023
80.34 %
Jan 1, 2024
84.46 %
Jan 1, 2025
81.14 %
Jan 1, 2026 (e)
0.00 %
Jan 1, 2027 (e)
0.00 %
Jan 1, 2028 (e)
0.00 %

Current Realty Income forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.61 %
Buy
40.00 % (12)
Hold
56.67 % (17)
Sell
3.33 % (1)
12M Price Target
64.26
Last Price
62.47
Currency
USD
12M Return Potential
2.87 %
LTM Return
0 %

Realty Income Analyst Rating Actions

DateFirmActionRatingReliability
8/7/2026
RBC Capital
RBC Capital
MaintainedOutperform48
8/7/2026
Evercore ISI Group
Evercore ISI Group
MaintainedIn Line62
7/22/2026
Barclays
Barclays
MaintainedEqual Weight53
7/15/2026
Wells Fargo
Wells Fargo
MaintainedEqual Weight56
7/6/2026
Baird
Baird
MaintainedNeutral56
6/18/2026
Scotiabank
Scotiabank
MaintainedSector Outperform75
5/13/2026
Mizuho
Mizuho
MaintainedNeutral31
5/12/2026
Scotiabank
Scotiabank
MaintainedSector Outperform75
5/11/2026
Freedom Broker
Freedom Broker
UpgradeNeutralBuy
5/7/2026
RBC Capital
RBC Capital
MaintainedOutperform48

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Realty Income Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/5/20260.42USD-1.50 BUSD-2026 Q2
5/6/20260.41USD-1.48 BUSD-2026 Q1
2/24/20260.39USD-1.45 BUSD-2025 Q4
5/1/20240.39USD-1.15 BUSD-2024 Q1
2/19/20240.31USD-1.04 BUSD-2023 Q4
8/1/20230.32USD-916.36 MUSD-2023 Q2
5/2/20230.31USD-892.59 MUSD-2023 Q1
2/20/20230.33USD-866.33 MUSD-2022 Q4
11/2/20220.33USD-836.05 MUSD-2022 Q3
8/3/20220.38USD-821.68 MUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Realty Income stock

87/100
99
Environment
80
Social
82
Governance
E

Environment

20
Scope 1 - Direct Emissions55
Scope 2 - Indirect emissions from purchased energy318
Scope 3 - Indirect emissions within the value chain2,656,973
Total CO₂ emissions373
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees56
Percentage of women in management
Percentage of Asian employees13.2
Share of Asian management
Percentage of Hispanic/Latino employees9.3
Hispano/Latino Management share
Percentage of Black employees6.2
Black Management Share
Percentage of white employees66
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Realty Income shareholder structure

% Name
12.49255%
BLACKROCK, INC.
BLACKROCK, INC.
9.40437%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
7.38178%
STATE STREET CORP
STATE STREET CORP
6.96040%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
3.50745%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
2.00652%
BANK OF AMERICA CORP /DE/
BANK OF AMERICA CORP /DE/
...

Realty Income Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.8%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
27.95%
Fifth Third Bancorp
Fifth Third Bancorp
SEC ↗
18.50%
GlaxoSmithKline plc
GlaxoSmithKline plc
SEC ↗
17.80%
PG&E Fire Victim Trust
PG&E Fire Victim Trust
SEC ↗
15.79%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
13.70%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
10.40%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
9.78%
Pershing Square Capital Management, L.P.
Pershing Square Capital Management, L.P.
SEC ↗
8.72%
Vanguard Portfolio Management
Vanguard Portfolio Management
SEC ↗
7.86%
BlackRock for purposes of Schedule 13G filings.
BlackRock for purposes of Schedule 13G filings.
SEC ↗
7.49%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗

Realty Income Executives and Management Board

17 members · avg. age 60 · 29 % women

SR

Mr. Sumit Roy (55)

President, Chief Executive Officer, Director · since 2011

15.25 M USD

Management

NA

Mr. Neil Abraham (54)

Executive Vice President, Chief Strategy Officer, President of Realty Income International

4.84 M USD
MH

Mr. Mark Hagan (58)

Executive Vice President, Chief Investment Officer

4.79 M USD
JP

Mr. Jonathan Pong (42)

Chief Financial Officer, Executive Vice President, Treasurer

3.52 M USD
MB

Ms. Michelle Bushore (57)

Executive Vice President, General Counsel, Secretary, Chief Legal Officer

3.51 M USD
GW

Mr. Gregory Whyte (64)

Chief Operating Officer, Executive Vice President

SK

Ms. Shannon Kehle (52)

Chief People Officer, Executive Vice President

Board of Directors

JJ

Mr. Jeff Jacobson (63)

Independent Director

462,904.00 USD
MM

Mr. Michael Mckee (79)

Lead Non-Executive Independent Chairman of the Board

397,000.00 USD
GM

Mr. Gregory Mclaughlin (65)

Independent Director

284,500.00 USD
PH

Ms. Priya Huskins (53)

Independent Director

282,000.00 USD
PA

Ms. Priscilla Almodovar (57)

Independent Director

277,000.00 USD
RG

Mr. Reginald Gilyard (61)

Independent Director

267,000.00 USD

Realty Income Supply Chain

Realty Income Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
23 companies
#Nameβ 1YTrend
1
Tractor Supply
Customer·Specialty Retail·US
-0.04
0.17
0.20
0.32
0.40
0.87
0.88
2
Seven & I Holdings
Customer·Food & Staples Retailing·JP
-0.03
0.42
-0.19
-0.22
0.01
0.84
0.02
3
CVS Health Corporation
Customer·Health Care Providers & Services·US
-0.21
-0.01
0.22
0
0.21
0.80
0.42
4
The Home Depot, Inc.
Customer·Specialty Retail·US
0.13
0.01
-0.23
0.07
0.23
0.78
0.40
5
Marathon Petroleum Corporation
Customer·Oil, Gas & Consumable Fuels·US
0.94
0.02
0.24
0.02
0.18
0.77
0.37
#Nameβ 1YTrend
1
Tesco PLC
Customer
0.19
0.08
-0.18
-0.17
0.17
2
Alimentation Couche-Tard Inc.
Customer
0.10
0.31
0.33
0.19
0.32
3
J Sainsbury plc
Customer
-0.10
0.13
0.12
-0.08
4
Seven & i Holdings Co., Ltd.
Customer
-0.55
0.05
-0.38
-0.22
5
Cineworld Group
Customer·Entertainment·GB
0.11
0.14
0.10
-0.07
-0.32
-0.14

Frequently asked questions about Realty Income

The business model of Realty Income Corp is focused on net lease real estate investments. As a real estate investment trust (REIT), the company owns and manages properties across various industries, including retail, healthcare, and agriculture. Realty Income Corp generates revenue by leasing its properties to tenants under long-term agreements, which typically include rent escalations. This steady income stream allows the company to regularly distribute dividends to shareholders. As a result of its diversified portfolio and conservative underwriting principles, Realty Income Corp has established a reputation for stability and consistent performance in the real estate market.

Realty Income Corp is primarily active in the real estate industry. With a focus on commercial properties, the company owns and leases a diversified portfolio of retail, industrial, and office spaces. Realty Income Corp's extensive presence in the real estate sector allows investors to gain exposure to a wide range of industries such as retail, healthcare, manufacturing, and more. As a leading real estate investment trust (REIT), Realty Income Corp continues to expand its property holdings across various industries, providing long-term stability and income generation for its shareholders.

The main competitors of Realty Income Corp in the market include Simon Property Group, Ventas Inc., and Boston Properties. These competitors also operate in the real estate investment trust (REIT) industry, offering similar services and products. However, Realty Income Corp differentiates itself by focusing on single-tenant retail properties, providing long-term, triple-net lease agreements with a diverse portfolio of tenants. As a result, Realty Income Corp remains a strong competitor in the market, leveraging its experience, financial stability, and consistent dividend payments to attract investors seeking stable and reliable income from commercial real estate investments.

Realty Income Corp, also known as "The Monthly Dividend Company," is a prominent real estate investment trust (REIT) based in the United States. Established in 1969, Realty Income Corp has a rich history of providing investors with steady and reliable monthly dividend payments. With a diversified portfolio of commercial properties across different industries, including retail, healthcare, and industrial, the company maintains a strong presence in the real estate market. Throughout its existence, Realty Income Corp has demonstrated a commitment to building long-term value for its shareholders through strategic property acquisitions, lease agreements, and portfolio management. This dedication has made Realty Income Corp a trusted name in the world of real estate investment.

Some significant milestones achieved by Realty Income Corp include becoming a publicly traded company in 1994, joining the S&P 500 in 2012, and reaching a market capitalization of over $20 billion in 2021. With its long track record of uninterrupted monthly dividend payments since its founding in 1969, Realty Income Corp has established itself as a trusted real estate investment trust (REIT) for investors seeking stable income and long-term growth. The company has also successfully expanded its portfolio, now consisting of thousands of properties across various sectors such as retail, commercial, and industrial, further enhancing its presence in the market.

Realty Income Corp primarily operates in the United States.

Realty Income Corp represents strong values and a clear corporate philosophy. This company is focused on providing reliable and consistent income streams to its shareholders through a diversified portfolio of high-quality commercial real estate properties. Realty Income Corp is committed to maintaining sustainable long-term relationships with its tenants, ensuring their success and fostering a sense of partnership. The company's philosophy revolves around rigorous asset management, prudent risk management, and maintaining financial discipline. Realty Income Corp is renowned for its monthly dividends, which have been consistently increased for over 25 years, reflecting its commitment to shareholder value and long-term growth.

Analysts currently set an average price target of 64.88 USD for the Realty Income stock (median: 64.26 USD), implying +3.9 % versus the latest price. The consensus is based on 30 analyst ratings.

30 analysts currently rate the Realty Income stock: 12 recommend buying, 17 holding and 1 selling. For 2026, analysts expect Realty Income to generate revenue of 5.74 B USD and earnings per share of 1.49 USD.

Converted at the current exchange rate, the Realty Income share trades at 54.09 EUR (62.61 USD).

The Realty Income share (O) is listed on 11 stock exchanges, including: NYSE (O), XETRA (RY6.DE), Frankfurt (RY6.F), München (RY6.MU), Stuttgart (RY6.SG), Düsseldorf (RY6.DU), Berlin (RY6.DE), Hamburg (RY6.HM).

Realty Income Corporation is a publicly traded real estate investment company with over 6,500 properties in the United States and United Kingdom. The company is based in San Diego, California and was founded in 1969. The business model of Realty Income is based on acquiring and leasing commercial properties. The company focuses on long-term lease agreements with creditworthy tenants and provides its investors with regular dividend payments. Realty Income's portfolio includes various real estate sectors, including retail, healthcare, restaurants, automotive, and leisure. Notable companies such as Walmart, Walgreens, 7-Eleven, CVS, FedEx, Dollar General, and LA Fitness are tenants of the company. Realty Income is known for its monthly dividend payments, which offer investors a stable and predictable return. The dividend payments are financed by the long-term lease agreements with tenants. The company also utilizes various financing instruments to support the growth of its portfolio, including both equity and debt financing. Realty Income has also issued bonds in international capital markets. To increase growth, the company also employs various strategic initiatives such as mergers and acquisitions. In 2020, Realty Income announced a deal with Vereit, another publicly traded real estate investment company, which will expand Realty Income's portfolio by over 4,000 properties. In addition to its traditional real estate business, Realty Income has also developed its own platform for online property sales. The platform allows investors to directly invest in Realty Income's properties online. In summary, Realty Income's business model is focused on long-term lease agreements with creditworthy tenants. The company offers investors a stable and predictable return through its monthly dividend payments. Furthermore, the company employs various strategic initiatives such as mergers, acquisitions, and the development of its own online platform to increase growth.

The expected revenue of Realty Income is 5.74 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Realty Income is 1.35 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Realty Income is currently 41.94. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Realty Income stock.

The price-to-sales ratio (P/S) of Realty Income is currently 9.87. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Realty Income stock.

The Eulerpool Quality Score for Realty Income is 7/10.

The ISIN of Realty Income is US7561091049. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Realty Income is 899744. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Realty Income is O. The ticker symbol is used to trade Realty Income shares on the stock exchange.

Over the past 12 months, Realty Income paid a dividend of 3.49 USD . This corresponds to a dividend yield of about 5.57 %. For the coming 12 months, Realty Income is expected to pay a dividend of 3.34 USD.

The current dividend yield of Realty Income is 5.57 %.

Realty Income pays a dividend, distributed in the months of , , , .

Realty Income paid dividends every year for the past 32 years.

For the upcoming 12 months, dividends amounting to 3.34 USD are expected. This corresponds to a dividend yield of 5.32 %.

Realty Income is assigned to the 'Real Estate' sector.

In the year 2025, Realty Income distributed 3.13 USD as dividends.

The dividends of Realty Income are distributed in USD.