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Realty Income
(NYSE:O)
Realty Income (O) vs. SPDR S&P 500 ETF (SPY)
Realty Income Business Overview & Revenue Model
Realty Income Key Performance Indicators (KPIs)
Analyzes revenue streams from various property types, providing insight into income stability and growth opportunities in different market segments.
Main Street DataRealty Income Earnings Call Summary
Realty Income Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.60B | 5.27B | 4.08B | 3.34B | 2.08B | 1.65B |
| Gross Profit | 5.18B | 4.89B | 3.76B | 3.12B | 1.95B | 1.54B |
| EBITDA | 4.68B | 4.33B | 3.60B | 2.98B | 1.85B | 1.38B |
| Net Income | 962.12M | 860.77M | 872.31M | 869.41M | 359.46M | 395.49M |
Balance Sheet | ||||||
| Total Assets | 71.28B | 68.84B | 57.78B | 49.67B | 43.14B | 20.74B |
| Cash, Cash Equivalents and Short-Term Investments | 417.17M | 444.96M | 232.92M | 171.10M | 258.58M | 824.48M |
| Total Debt | 29.90B | 26.76B | 21.99B | 18.60B | 15.95B | 8.94B |
| Total Liabilities | 32.02B | 29.78B | 24.67B | 20.83B | 18.01B | 9.72B |
| Stockholders Equity | 39.05B | 38.84B | 32.94B | 28.71B | 25.05B | 10.99B |
Cash Flow | ||||||
| Free Cash Flow | 2.82B | 3.57B | 2.96B | 2.56B | 1.30B | 1.11B |
| Operating Cash Flow | 2.82B | 3.57B | 2.96B | 2.56B | 1.32B | 1.12B |
| Investing Cash Flow | -4.24B | -3.34B | -9.35B | -8.39B | -6.44B | -2.03B |
| Financing Cash Flow | 1.81B | -21.16M | 6.44B | 5.74B | 4.58B | 1.69B |
Realty Income Technical Analysis
Realty Income Risk Analysis
Realty Income Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $8.34B | 24.41 | 10.92% | 4.61% | 6.05% | 14.70% | |
74 Outperform | $59.61B | 25.11 | 90.26% | 4.63% | 4.18% | -5.05% | |
73 Outperform | $8.07B | 24.41 | 11.36% | 4.09% | 6.07% | -0.28% | |
72 Outperform | $51.64B | 52.48 | 2.48% | 5.72% | 11.23% | 1.82% | |
71 Outperform | $12.55B | 31.64 | 6.07% | 4.07% | 5.34% | ― | |
70 Outperform | $13.84B | 24.52 | 5.68% | 4.76% | 7.99% | 55.05% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
Realty Income Corporate Events
Realty Income Corporation, known as ‘The Monthly Dividend Company,’ is a real estate investment trust (REIT) that focuses on acquiring and managing a diverse portfolio of commercial properties under long-term, net lease agreements. The company operates in the real estate sector, providing dependable monthly dividends to its investors.
On November 3, 2025, Realty Income Corporation announced its operating results for the three and nine months ended September 30, 2025. The company reported a net income of $315.8 million for the quarter, with significant investments totaling $1.4 billion at a 7.7% yield. Realty Income also issued $800 million in senior unsecured notes in October 2025. The company achieved a 103.5% rent recapture rate on re-leased properties, demonstrating effective asset management and portfolio stability. With a strong performance and expanded investment opportunities, Realty Income updated its 2025 AFFO per share guidance to $4.25 – $4.27 and investment volume guidance to approximately $5.5 billion.
The most recent analyst rating on (O) stock is a Buy with a $64.00 price target. To see the full list of analyst forecasts on Realty Income stock, see the O Stock Forecast page.
On October 14, 2025, Realty Income Corporation appointed Kim Hourihan to its Board of Directors, increasing the total number of directors to eleven. Ms. Hourihan, who brings extensive experience from her roles at Invesco Real Estate and CBRE Investment Management, will serve on the Compensation and Talent Committee and is expected to contribute significantly to Realty Income’s global expansion and diversification of capital sources.
The most recent analyst rating on (O) stock is a Hold with a $64.00 price target. To see the full list of analyst forecasts on Realty Income stock, see the O Stock Forecast page.
On October 6, 2025, Realty Income Corporation completed the issuance of $800 million in notes, split equally between 3.950% notes due 2029 and 4.500% notes due 2033. This financial maneuver is likely to impact the company’s operational funding and may influence its market position by enhancing its capital structure.
The most recent analyst rating on (O) stock is a Hold with a $62.00 price target. To see the full list of analyst forecasts on Realty Income stock, see the O Stock Forecast page.
On September 25, 2025, Realty Income Corporation announced a purchase agreement with several underwriters to issue and sell $800 million in aggregate principal amount of notes, split between 3.950% Notes due 2029 and 4.500% Notes due 2033. This move is expected to impact the company’s financial operations by providing additional capital, potentially influencing its market positioning and offering insights into its strategic financial planning.
The most recent analyst rating on (O) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on Realty Income stock, see the O Stock Forecast page.
On September 25, 2025, Realty Income Corporation announced updates regarding its liquidity status. As of September 23, 2025, the company reported having $3.6 billion in liquidity, comprising cash, cash equivalents, unsettled ATM forward equity, and available credit under its revolving credit facilities. This financial update highlights Realty Income’s robust liquidity position, which is crucial for its operational stability and strategic flexibility in the real estate market.
The most recent analyst rating on (O) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Realty Income stock, see the O Stock Forecast page.
Realty Income Corporation has updated its United States federal income tax considerations, replacing previous discussions in their prospectus and supplements. This update is significant for stakeholders as it outlines the company’s continued qualification and operation as a REIT, which impacts their tax obligations and investment attractiveness. The changes reflect the complex and evolving nature of tax regulations affecting REITs, highlighting the importance of compliance with federal tax laws to maintain favorable tax treatment.
The most recent analyst rating on (O) stock is a Hold with a $67.00 price target. To see the full list of analyst forecasts on Realty Income stock, see the O Stock Forecast page.
The recent earnings call for Realty Income Corporation painted a picture of strong business momentum, driven by impressive sourcing volumes and strategic investments in Europe. Despite some challenges, such as increased rent loss expectations and heightened selectivity in sourcing, the overall sentiment remains positive. The company’s achievements, including high occupancy rates and increased guidance for 2025, underscore a favorable outlook.
Realty Income Corporation, known as ‘The Monthly Dividend Company,’ is a real estate investment trust that focuses on generating dependable monthly dividends through its diversified portfolio of commercial properties across the U.S. and Europe.
On August 6, 2025, Realty Income Corporation announced its operating results for the three and six months ended June 30, 2025. The company reported a net income of $196.9 million for the quarter, with an AFFO per share of $1.05. Realty Income invested $1.2 billion during the second quarter, with a substantial portion of investments in Europe, and increased its 2025 investment guidance to approximately $5.0 billion. The company achieved a rent recapture rate of 103.4% on re-leased properties and announced its 111th consecutive quarterly dividend increase. Realty Income’s portfolio occupancy was at 98.6% as of June 30, 2025, demonstrating its strong operational performance and strategic positioning in the market.
The most recent analyst rating on (O) stock is a Hold with a $67.00 price target. To see the full list of analyst forecasts on Realty Income stock, see the O Stock Forecast page.