Realty Income Corp (O)

Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of June 30, 2026, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as "The Monthly Dividend Company" and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 674 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index for having increased our dividend for over 31 consecutive years. Realty Income Corporation was founded in 1969 and was incorporated in Maryland.

Symbol: O
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Retail
Market cap: $50.88B
52 week range: 53.33 - 67.94

Valuation

Share price: $53.53 (close of 2026-10-01)
P/E (TTM): 39.25x
Price to book: 1.21x
Price to free cash flow: 12.21x
Enterprise value: $81.50B
Book value per share: $44.32

Price performance

Period	Change
1 day	-1.42%
5 days	-3.39%
1 month	-12.76%
3 months	-13.41%
6 months	-13.49%
Year to date	-5.04%
1 year	-11.46%
3 years	+7.19%
5 years	-16.11%
10 years	-17.46%
All time	+590.71%

Members of Congress who disclosed O trades

Gilbert Ray Cisneros · Richard McCormick · Alan Armstrong · Gary Peters · Jefferson Shreve · Julie Johnson

Profitability and growth

Return on equity: 2.64%
Return on assets: 1.45%
Net margin: 18.41%
EBITDA margin: 83.54%
Revenue growth: 9.07%
Net income growth: 22.98%
Free cash flow growth: 11.80%

Cash flow and balance sheet

Free cash flow yield (TTM): 8.19%
Net debt to EBITDA: 6.00x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $5.75B
EBITDA: $4.80B
Net income: $1.06B
Earnings per share: $1.17
Interest expense: $1.13B
Shares outstanding: 907.17M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$5.75B	$1.06B	$1.17
2024-12-31	$5.27B	$860.77M	$0.98
2023-12-31	$4.08B	$872.31M	$1.26
2022-12-31	$3.34B	$869.41M	$1.42
2021-12-31	$2.08B	$359.46M	$0.87
2020-12-31	$1.65B	$395.49M	$1.15
2019-12-31	$1.49B	$436.48M	$1.38
2018-12-31	$1.33B	$363.61M	$1.26
2017-12-31	$1.22B	$318.80M	$1.10
2016-12-31	$1.10B	$315.57M	$1.13

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	18.41%	2.64%
2024-12-31	16.33%	2.20%
2023-12-31	21.39%	2.63%
2022-12-31	26.00%	3.01%
2021-12-31	17.28%	1.43%
2020-12-31	24.01%	3.59%
2019-12-31	29.33%	4.45%
2018-12-31	27.38%	4.48%
2017-12-31	26.22%	4.31%
2016-12-31	28.61%	4.65%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$434.84M	-
2024-12-31	$444.96M	-
2023-12-31	$232.92M	-
2022-12-31	$171.10M	-
2021-12-31	$258.58M	-
2020-12-31	$824.48M	-
2019-12-31	$54.01M	$704.34M
2018-12-31	$10.39M	$252.00M
2017-12-31	$6.90M	$110.00M
2016-12-31	$9.42M	$3.98B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$3.99B	$30.77M
2024-12-31	$3.57B	$57.49M
2023-12-31	$2.96B	$26.23M
2022-12-31	$2.56B	$21.62M
2021-12-31	$1.32B	$41.77M
2020-12-31	$1.12B	$16.50M
2019-12-31	$1.07B	$13.66M
2018-12-31	$940.74M	$27.27M
2017-12-31	$875.85M	$13.95M
2016-12-31	$799.86M	$12.01M