Realty Income Corp (O)
Real Estate · Retail REITs · US stock · S&P 500 component
$56.08
▲ +0.53 (0.95%)
Day's range
$55.53 – $56.31
52-week range
$53.15 – $66.25
Red flags⚠ Heavy dilution
About Realty Income Corp
Realty Income is a real estate investment trust that owns freestanding commercial properties leased to tenants such as convenience stores, dollar stores, drugstores and restaurants under long-term net leases. Under those leases the tenant typically pays property taxes, insurance and maintenance, so the company collects rent with few operating costs. It pays out most of its income as monthly dividends and grows by buying more properties.
Sales totalled $6.1 billion over the last twelve months, and the three-year record shows growth of 19.8% a year. The operating margin is 23.3%, and the return on invested capital is 3%. The balance sheet shows net debt to EBITDA of 0.3 times. Shareholders receive a dividend, currently yielding 5.8%. The site's X-Ray Score for the company is 50 out of 100. These figures describe past results and the present financial position only.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $53.15 – $66.25Volume 6,843,700Daily, split-adjusted
Vitals
Market cap$52.4B
52-week range$53.15 – $66.25
Volume (last day)6,843,700
P/E (TTM)39.7
EBIT / EV yield2.5%
Free-cash-flow yield–
Dividend yield5.8%
Revenue (TTM)$6.1B
Net income (TTM)$1.3B
Operating margin23.3%
Return on capital3.1%
Debt incl. leases$1.8B
Cash & securities$553M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Not rated
REIT valuation (FFO multiples + DDM) not built yet: not rated
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
Valuation
Weak
19/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.5%
Growth
Fair
69/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)19.8%
EPS growth (3y)-6.3%
Growth consistency100%
Profitability
Weak
28/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital3.1%
Operating margin23.3%
Financial health
Strong
80/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA0.3×
Interest coverNo interest cost
Dividends
Strong
78/100
Dividend is high and well covered by cash flow.
See the numbers →
Dividend yield5.8%
Dividend growth17.2%
Quarterly results: last 6 quarters
+9.5%
Mar '25
+5.3%
Jun '25
+10.5%
Sep '25
+11.0%
Dec '25
+12.2%
Mar '26
+9.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.5B, diluted EPS $0.37.
Compare with peers
FRT Federal Realty Investm...65 KIM Kimco Realty Corp64 SPG Simon Property Group I...47Other Retail REITs companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 3 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Risk models
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Net debt / EBITDAGood
Interest coverGood
Valuation
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 51/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $2.1B | $3.3B | $4.1B | $5.3B | $5.7B |
| Operating income | $716M | $1.4B | $1.7B | $934M | $1.2B |
| Net income | $359M | $869M | $872M | $861M | $1.1B |
| Operating cash flow | $1.3B | $2.6B | $3.0B | $3.6B | $4.0B |
| Operating margin | 34.4% | 41.4% | 40.7% | 17.7% | 20.1% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $0.87 | $1.42 | $1.26 | $0.98 | $1.17 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Strongly bearish
2 bullish · 1 neutral · 9 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 54.62 | Bullish |
| EMA 10 | 55.05 | Bullish |
| SMA 20 | 54.82 | Bullish |
| EMA 20 | 55.47 | Bullish |
| SMA 50 | 58.39 | Bearish |
| EMA 50 | 57.54 | Bearish |
| SMA 100 | 60.12 | Bearish |
| EMA 100 | 59.01 | Bearish |
| SMA 200 | 60.44 | Bearish |
| EMA 200 | 59.12 | Bearish |
Oscillators (daily)
| RSI (14) | 50.60 | Neutral |
| MACD (12, 26) | -0.87 | Bearish |
| Momentum (12) | 3.28 | Bullish |
| Stochastic %K (14) | 80.72 | Bearish |
| Williams %R (14) | -19.28 | Bearish |
| CCI (20) | 103.5 | Bearish |
Pivot points (classic, last session)
S3 54.86 | S2 55.19 | S1 55.64 | Pivot 55.97 | R1 56.42 | R2 56.75 | R3 57.20 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.25 USD
Yield on today's price
5.79%
Frequency
Monthly
Next ex-dividend date
30 Oct 2026
| Ex-dividend date | Amount per share |
|---|---|
| 30 Oct 2026 (upcoming) | 0.2715 |
| 30 Sep 2026 | 0.2720 |
| 31 Aug 2026 | 0.2710 |
| 31 Jul 2026 | 0.2710 |
| 30 Jun 2026 | 0.2710 |
| 29 May 2026 | 0.2710 |
| 30 Apr 2026 | 0.2710 |
| 31 Mar 2026 | 0.2710 |
| 27 Feb 2026 | 0.2700 |
| 30 Jan 2026 | 0.2700 |
| 31 Dec 2025 | 0.2700 |
| 28 Nov 2025 | 0.2700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
O SEC filings
25 Aug 2026
8-KSEC EDGAR
Other events
14 Aug 2026
8-KSEC EDGAR
Regulation FD disclosure
12 Aug 2026
8-KSEC EDGAR
Other events
11 Aug 2026
8-KSEC EDGAR
Other events
6 Aug 2026
10-QSEC EDGAR
Quarterly report
5 Aug 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
13 Jul 2026
8-KSEC EDGAR
Entered a material agreement; Other events
7 Jul 2026
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.