Realty Income (O) Stock Overview
An S&P 500 company, is real estate partner to the world's leading companies. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 6/6 |
O Community Fair Values
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Analyst Price Targets
Top Community Narratives
Realty Income Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$63.45 |
| 52 Week High | US$67.94 |
| 52 Week Low | US$54.38 |
| Beta | 0.80 |
| 1 Month Change | 1.99% |
| 3 Month Change | 3.24% |
| 1 Year Change | 11.43% |
| 3 Year Change | 1.10% |
| 5 Year Change | -6.06% |
| Change since IPO | 693.13% |
Recent News & Updates
Realty Income: Improving Real Returns
Apr 27
O: Private Capital JVs And 2026 Acquisition Plans Will Guide Measured Outlook
Analysts have increased their average price target for Realty Income by $0.50. This reflects updated models that factor in revised growth expectations, a slightly higher discount rate, and a modestly stronger profit margin outlook supported by recent price target increases across several research firms.O: Private Capital JVs And 2026 Acquisition Plans Will Shape Balanced Outlook
Narrative Update The analyst price target for Realty Income has shifted slightly to $67.80. Analysts attribute this change to refreshed models that incorporate updated acquisition volume assumptions, evolving private capital initiatives, and recent Q4 and Q1 preview research across multiple firms.Recent updates
Realty Income: Improving Real Returns
Apr 27O: Private Capital JVs And 2026 Acquisition Plans Will Guide Measured Outlook
Analysts have increased their average price target for Realty Income by $0.50. This reflects updated models that factor in revised growth expectations, a slightly higher discount rate, and a modestly stronger profit margin outlook supported by recent price target increases across several research firms.O: Private Capital JVs And 2026 Acquisition Plans Will Shape Balanced Outlook
Narrative Update The analyst price target for Realty Income has shifted slightly to $67.80. Analysts attribute this change to refreshed models that incorporate updated acquisition volume assumptions, evolving private capital initiatives, and recent Q4 and Q1 preview research across multiple firms.O: Private Capital JVs And 2026 Acquisition Pipeline Will Drive Forward Outlook
Narrative Update on Realty Income The updated analyst price target for Realty Income shifts from $66.35 to $67.85, reflecting analysts’ refreshed models that incorporate higher P/E assumptions, adjusted discount rates, and ongoing revisions to REIT targets across recent research. Analyst Commentary Recent Street research on Realty Income shows a cluster of higher price targets, but also a split between those who see more room for upside and those who view the current valuation as closer to fair value.O: Dividend Income And GIC Partnership Will Shape A Balanced Forward Outlook
The analyst fair value estimate for Realty Income has increased by about $2 to $66.35, as analysts incorporate updated price targets in the $65 to $72 range and note expectations for stronger revenue growth, slightly better margins, and an improved cost of capital supported by new joint ventures and private capital initiatives. Analyst Commentary Recent Street research on Realty Income has centered on refreshed price targets, updated acquisition expectations for 2026, and the role of joint ventures and private capital in supporting future growth.
Adjusted DDM stable growth lower end
Adjusted the lower end of DDM stable growth to be 2%.FY2025
Updated with most recent annual statement. Also, updated the way I approach the valuation of this company in general.O: Dividend Income And GIC Logistics Venture Will Support A Balanced Outlook
Narrative Update on Realty Income The analyst price target for Realty Income has moved by $1, to $60. Analysts attribute this to slightly lower required returns, somewhat higher assumed revenue growth, and a modestly lower future P/E multiple, supported by recent upgrades and generally healthy REIT operating commentary.O: Dividend Income And Logistics Expansion Will Shape A Balanced Forward Outlook
Analysts have nudged their fair value estimate for Realty Income to $64.31 from $63.77, supported by recent upgrades and higher price targets that reflect steady assumptions for revenue growth, profit margins, and future P/E expectations. Analyst Commentary Bullish and cautious voices are both active around Realty Income, and together they help frame how the new fair value estimate lines up with current expectations on execution, growth, and valuation.O: Dividend Income, Logistics Expansion And Balanced Outlook Will Shape Return Potential
Narrative Update: Realty Income The analyst price target for Realty Income has been adjusted slightly higher to align with a blended US$60 level, as analysts factor in recent target revisions from US$59 to US$60 and US$64 to US$60, along with modest updates to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street commentary around Realty Income clusters around a US$60 price target, with modest adjustments reflecting updated views on earnings quality, risk, and growth assumptions.O: Higher Dividend And Mixed Outlook Will Shape Future Return Profile
Analysts have adjusted their outlook on Realty Income with mixed Street price target changes around $60, reflecting updated net lease models, recent Q3 earnings commentary, and modest tweaks to assumptions such as the discount rate, revenue growth, and future P/E multiples. Analyst Commentary Recent Street research on Realty Income highlights a fairly tight cluster of price targets around the low $60 range, with analysts updating their models ahead of and around Q3 2025 earnings.O: Higher Dividend And Stable Net Lease Cash Flows Will Support Future Returns
The analyst price target for Realty Income has nudged higher to about $63.35 from roughly $63.38, as analysts balance modestly stronger revenue growth expectations against a slightly higher discount rate and mixed recent target moves clustered around the $60 to $63 range. Analyst Commentary Recent research updates show a mix of optimism and caution around Realty Income, with price targets converging near the low 60 dollar range and ratings generally anchored around market-perform views.O: Defensive Cash Flows And Dividend Increases Will Support Steady Future Returns
Analysts have nudged their blended price target for Realty Income slightly higher, to about $63.38 from $63.29, citing updated net lease models, solid Q3 operating conditions across most REITs, and expectations of steadier long term earnings growth supported by diversified tenants, attractive dividend yields, and long lease terms. Analyst Commentary Recent Street updates present a mixed but generally constructive view on Realty Income, with modestly higher price targets clustered around the low 60 dollar range.O: Defensive Qualities And Dividend Growth Will Support Future Returns
Analysts have slightly lowered their fair value estimate for Realty Income from $63.45 to $63.29. This adjustment reflects an updated outlook that takes into account mixed earnings results and sector resilience despite recent macroeconomic concerns.O: Dividend Increase And Improved Net Lease Model Will Drive Upside
The analyst consensus price target for Realty Income has risen modestly to $63.45, up from $63.26. Analysts point to improved net lease models, anticipated earnings growth, and sector stability as key factors behind the upgrade.Analysts Revise Realty Income Price Targets Amid Dividend Hike and Modest Valuation Changes
The analyst price target for Realty Income has increased modestly by $0.48 to $63.26. Analysts are factoring in updated net lease models, improved revenue growth expectations, and continued sector stability for triple net REITs. Analyst Commentary Recent research notes reveal that analysts have generally raised their price targets for Realty Income, reflecting improved sentiment around the company’s near-term prospects.Necessity-based Investments And European Expansion Will Drive Resilience
Analysts have modestly increased their price target for Realty Income, raising it by $0.23 to $62.79. They cite expectations for steady earnings growth supported by the company's strong tenant diversification and resilient lease structures.A reliable dividend payer with a slower dividend growth
Dividend Discount Model (Stable Growth)Realty Income Q1 Preview: 7% Equity Bond In Disguise
Apr 28Realty Income: A Fortress Of Cash Flow In A Shaky World
Apr 22Very Bad News For Realty Income
Apr 14Realty Income: Back In The Buy Zone With >5% In Dividend Yields
Mar 29Realty Income: How To Earn High Annualized Yields On This Monthly Dividend REIT Through Options
Mar 21Realty Income: Long-Term Dividend Investors Can't Really Go Wrong Buying Here
Mar 12Realty Income: Never Not A Good Time To Add More Shares
Mar 043 Reasons I Bought More Realty Income Before Earnings And So Should You
Feb 21Realty Income: Valuation Is The Market's 'Gift Of The Decade'
Feb 13Realty Income: This Chart Shows It's Time To Buy
Feb 05Realty Income: A Powerful Combination Of Catalysts
Jan 262 Dividend Growth Income Machines: Realty Income Vs. NNN
Jan 14Realty Income: 3 Reasons To Be Greedy When Others Are Fearful
Jan 07Realty Income: Shares Are Too Cheap
Dec 23Realty Income: Buy The Dip
Dec 17Realty Income: Turning Bullish For Once
Dec 09Realty Income: Say Thank You As Buying Opportunity Returns
Nov 27Bad News For Realty Income
Nov 19Doubling Down On Realty Income
Nov 12Realty Income Drops Earnings: The Foundation Shakes
Nov 05Shareholder Returns
| O | US Retail REITs | US Market | |
|---|---|---|---|
| 7D | 1.1% | -0.001% | 0.6% |
| 1Y | 11.4% | 16.7% | 28.4% |
Return vs Industry: O underperformed the US Retail REITs industry which returned 16.7% over the past year.
Return vs Market: O underperformed the US Market which returned 28.4% over the past year.
Price Volatility
| O volatility | |
|---|---|
| O Average Weekly Movement | 2.2% |
| Retail REITs Industry Average Movement | 2.7% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: O has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: O's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1969 | 544 | Sumit Roy | www.realtyincome.com |
Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. We serve our clients as a full-service real estate capital provider. As of December 31, 2025, we have a portfolio of over 15,500 properties in all 50 states of the United States (U.S.), the United Kingdom (U.K.), and eight other countries in Europe.
Realty Income Corporation Fundamentals Summary
| O fundamental statistics | |
|---|---|
| Market cap | US$59.67b |
| Earnings (TTM) | US$1.06b |
| Revenue (TTM) | US$5.76b |
55.9x
P/E Ratio10.3x
P/S RatioIs O overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| O income statement (TTM) | |
|---|---|
| Revenue | US$5.76b |
| Cost of Revenue | US$428.80m |
| Gross Profit | US$5.33b |
| Other Expenses | US$4.28b |
| Earnings | US$1.06b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 06, 2026
| Earnings per share (EPS) | 1.14 |
| Gross Margin | 92.56% |
| Net Profit Margin | 18.37% |
| Debt/Equity Ratio | 72.1% |
How did O perform over the long term?
See historical performance and comparisonDividends
5.1%
Current Dividend Yield76%
Payout RatioDoes O pay a reliable dividends?
See O dividend history and benchmarks| Realty Income dividend dates | |
|---|---|
| Ex Dividend Date | Apr 30 2026 |
| Dividend Pay Date | May 15 2026 |
| Days until Ex dividend | 6 days |
| Days until Dividend pay date | 9 days |
Does O pay a reliable dividends?
See O dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 17:07 |
| End of Day Share Price | 2026/05/04 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Realty Income Corporation is covered by 45 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wesley Golladay | Baird |
| Richard Hightower | Barclays |
| Nathan Crossett | Berenberg |