Company Overview

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

  • Name

    Realty Income Corporation

  • CEO

    Sumit Roy

  • Website

    www.realtyincome.com

  • Sector

    Retail REITs

  • Year Founded

    1969

Company Statistics

Profile

  • Market Cap

  • EV

  • Shares Out

  • Revenue

  • Employees

Margins

  • Gross

  • EBITDA

  • Operating

  • Pre-Tax

  • Net

  • FCF

Returns (5Yr Avg)

  • ROA

  • ROTA

  • ROE

  • ROCE

  • ROIC

Valuation (TTM)

  • P/E

  • P/B

  • P/FFO

  • P/Adjusted FFO

  • EV/Sales

  • EV/EBITDA

  • P/FCF

  • EV/Gross Profit

Valuation (NTM)

  • Price Target

  • P/E

  • PEG

  • P/FFO

  • P/Adjusted FFO

  • EV/Sales

  • EV/EBITDA

  • P/FCF

Financial Health

  • Cash

  • Net Debt

  • Debt/Equity

  • EBIT/Interest

Growth (CAGR)

  • Rev 3Yr

  • Rev 5Yr

  • Rev 10Yr

  • Dil EPS 3Yr

  • Dil EPS 5Yr

  • Dil EPS 10Yr

  • Rev Fwd 2Yr

  • EBITDA Fwd 2Yr

  • EPS Fwd 2Yr

  • EPS LT Growth Est

Dividends

  • Yield

  • Payout

  • DPS

  • DPS Growth 3Yr

  • DPS Growth 5Yr

  • DPS Growth 10Yr

  • DPS Growth Fwd 2Yr

Bulls Say

  • Realty Income provides a reliable, albeit slow-growing, monthly dividend built on a steadily performing underlying portfolio through various market conditions.

  • With reasonable leverage and ample liquidity, Realty Income should have the financial flexibility to take advantage of any attractive investment opportunities that may become available.

  • Realty Income’s operating history, defined underwriting criteria, and expanded portfolio transparency should give shareholders comfort while also maintaining management accountability.

Bears Say

  • It will take an increasingly greater volume of attractive risk-adjusted acquisitions to create meaningful shareholder value growth, possibly pushing Realty Income to take more risk as competition expands for its traditionally targeted assets.

  • The value of Realty Income’s long-term leases, which altogether exhibit minimal built-in rent growth, are particularly susceptible to rising interest rates and inflation.

  • Rising interest rates reduce the spread between acquisition cap rates and financing costs, sapping management of its ability to create value through continued external growth.

Source: Morningstar Analysis - Nov 04, 2025

What's happening

Nov 13, 2025 - Dec 13, 2025

Realty Income Corp Navigates Market Challenges with Resilient Performance

  • Realty Income Corp increased its monthly dividend to $0.27 per share, marking its 133rd consecutive increase since going public in 1994.
  • Barclays analyst Richard Hightower raised his price target for Realty Income from $63 to $64 while maintaining an Equalweight rating.
  • The company is expanding into private capital management aimed at generating fee income, enhancing future growth prospects.

Over the past month, Realty Income Corp (O) experienced a modest overall movement of 1.4%, outperforming the S&P 500, which declined by 0.2%. This performance reflects investor confidence in O's business model and dividend strategy amid challenging market conditions. The recent increase in dividends underscores the company's commitment to returning value to shareholders.

Despite positive developments regarding dividends, several bearish sentiments impacted O's stock during this period. Social media discussions highlighted concerns over the company’s third-quarter performance and ongoing challenges within the broader market environment. Additionally, Realty Income announced an $800 million investment in CityCenter Las Vegas alongside Blackstone Real Estate; initial reactions reflected skepticism about such large commitments amidst economic uncertainties.

On a more favorable note, Barclays analyst Richard Hightower raised his price target for O from $63 to $64 on December 3rd while maintaining an Equalweight rating. This upgrade was seen as supportive of O’s growth potential despite prevailing bearish narratives surrounding its quarterly results and broader market sentiment towards real estate investments at that time.

The company also made strides into private capital management aimed at generating fee income—a move anticipated to significantly enhance future growth prospects. Such strategic expansions have been well-received by investors seeking long-term opportunities within Realty Income's framework of consistent returns through dividends.

Overall, while Realty Income faced some headwinds related to investor sentiment and macroeconomic factors throughout the month—evidenced by social media discussions—the overall trajectory remained resilient with solid fundamentals supporting its growth narrative against a backdrop where it outperformed both the S&P 500 and the Real Estate sector (XLRE) by notable margins of 1.6% and 2.9%, respectively.

NYSE:O