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    R

    Realty Income Corporation (O)

    Official site

    REAL ESTATE • REIT - RETAIL • NYSE

    $55.55
    +0.38 (+0.70%)

    Market Cap: $52.20B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    38%(15/39)
    Avg Surprise
    -12.06%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.43
    Range$0.43 - $0.44
    2 analysts
    EPS Revisions
    1
    0
    7d
    1
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.41+6.0%
    60d ago$0.42+3.3%
    30d ago$0.42+3.3%
    7d ago$0.44-0.3%
    Current$0.43
    Revenue Consensus
    $1.4B
    Range$1.4B - $1.5B
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.24
    Range$0.13 - $0.37
    9 analysts
    Revenue Consensus
    $1.5B
    Range$1.4B - $1.6B
    5 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.24---
    Sep 26EST
    		-$0.43---
    Jun 26
    Reported Aug 5
    		$1.09$1.09+0.00%Beat+395.5%
    Mar 26
    Reported May 6
    		$0.34$0.42-19.05%Miss+21.4%
    Dec 25
    Reported Feb 24
    		$0.33$0.38-13.20%Miss+52.2%
    Sep 25
    Reported Nov 3
    		$0.36$0.40-10.00%Miss+16.1%
    Jun 25
    Reported Aug 4
    		$0.22$0.40-45.00%Miss-26.7%
    Mar 25
    Reported May 5
    		$0.28$0.33-15.15%Miss+7.7%
    Dec 24
    Reported Feb 24
    		$0.22$0.39-44.38%Miss-27.5%
    Sep 24
    Reported Nov 4
    		$0.31$0.34-8.82%Miss-6.1%
    Jun 24
    Reported Aug 5
    		$0.30$0.38-21.05%Miss+3.4%
    Mar 24
    Reported May 6
    		$0.26$0.43-39.53%Miss-23.5%
    Dec 23
    Reported Feb 20
    		$0.30$0.32-6.25%Miss-16.7%
    Sep 23
    Reported Nov 6
    		$0.33$0.32+3.13%Beat-8.3%
    Jun 23
    Reported Aug 2
    		$0.29$0.35-17.14%Miss-21.6%
    Mar 23
    Reported May 3
    		$0.34$0.33+3.03%Beat-2.9%
    Dec 22
    Reported Feb 21
    		$0.36$0.32+12.50%Beat+3500.0%
    Sep 22
    Reported Nov 2
    		$0.36$0.30+20.00%Beat-5.3%
    Jun 22
    Reported Aug 3
    		$0.37$0.46-19.57%Miss+0.0%
    Mar 22
    Reported May 4
    		$0.35$0.43-18.60%Miss+34.6%
    Dec 21
    Reported Feb 22
    		$0.01N/A-97.30%Miss-97.0%
    Sep 21
    Reported Nov 1
    		$0.38$0.38+0.00%Beat+442.9%
    Jun 21
    Reported Aug 2
    		$0.37$0.37+0.00%Beat+19.4%
    Mar 21
    Reported May 3
    		$0.26$0.30-13.33%Miss-43.5%
    Dec 20
    Reported Feb 22
    		$0.33$0.34-2.94%Miss-15.4%
    Sep 20
    Reported Nov 2
    		$0.07N/A-80.00%Miss-78.1%
    Jun 20
    Reported Aug 3
    		$0.31$0.29+6.90%Beat+0.0%
    Mar 20
    Reported May 4
    		$0.46$0.45+2.22%Beat+24.3%
    Dec 19
    Reported Feb 19
    		$0.39$0.36+8.33%Beat+34.5%
    Sep 19
    Reported Nov 4
    		$0.32$0.34-5.88%Miss-5.9%
    Jun 19
    Reported Aug 5
    		$0.31$0.35-11.43%Miss-8.8%
    Mar 19
    Reported May 1
    		$0.37$0.35+5.71%Beat+27.6%
    Dec 18
    Reported Feb 20
    		$0.29$0.31-6.45%Miss+31.8%
    Sep 18
    Reported Oct 31
    		$0.34$0.33+3.03%Beat+6.3%
    Jun 18
    Reported Aug 1
    		$0.34$0.33+3.03%Beat+13.3%
    Mar 18
    Reported May 8
    		$0.29$0.33-12.12%Miss+7.4%
    Dec 17
    Reported Feb 21
    		$0.22$0.32-31.25%Miss-33.3%
    Sep 17
    Reported Oct 25
    		$0.32$0.31+3.23%Beat-
    Jun 17
    Reported Jul 26
    		$0.30$0.32-6.25%Miss-
    Mar 17
    Reported Apr 25
    		$0.27$0.29-6.90%Miss-
    Dec 16
    Reported Feb 22
    		$0.33$0.30+10.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield5.86%
    Forward Annual Dividend$3.26
    Payout Ratio72.62%
    FrequencyMonthly
    Pay MonthsJan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec

    Growth

    3Y CAGR+2.73%
    5Y CAGR+2.82%
    O dividend history and ex-dividend datesRun O in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio26.19EV/EBITDA20.24x
    Price/FCF12.95xFCF Yield7.72%
    Profitability
    Profit Margin20.90%Operating Margin47.00%
    ROE3.23%ROIC1.81%
    Financial Health
    Debt/Equity0.71xInterest CoverageN/A
    Current Ratio1.51xQuick Ratio1.51x
    Trading Statistics
    Beta0.70Avg Volume9.71M
    52-Week High$66.2552-Week Low$53.15

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$54.43
    SMA 20$54.84
    SMA 50$58.50
    SMA 200$60.66
    EMA 10$54.82
    EMA 20$55.41
    EMA 50$57.60
    EMA 200$59.33

    MACD

    Line: -1.05Signal: -1.42Hist: 0.37

    ADX

    ADX: 47.0+DI: 21.9-DI: 22.9

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down80.0
    PSAR$53.66

    Bollinger Bands

    Upper Band$56.62
    Lower Band$53.06
    %B Position649%(Upper)
    Band Width0.70

    RSI (14-Day)

    Neutral
    45.9

    Momentum Oscillators

    Stoch %K71.9
    Stoch %D62.5
    Williams %R-33.6
    ROC (10d)3.8%
    Momentum2.02
    CCI (20d)80.2
    MFI (14d)57.0

    Volatility Measures

    ATR (14d)$0.94(1.7%)
    StdDev (20d)0.89
    Hist Vol14.8%(Low)

    Volume Flow

    VWAP$55.94
    OBV-40.8M
    AD Line-10.7B
    CMF (20d)-0.448

    Volume Metrics

    Avg Vol (20d)9.7M
    Vol Ratio0.8x
    VWMA (20d)$54.91

    Pivot Points

    R3$56.66
    R2$56.09
    R1$55.63
    Pivot Point$55.06
    S1$54.60
    S2$54.03
    S3$53.57

    Advanced Oscillators

    TSI-34.83
    Ultimate Osc48.6
    KST-81.98

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1.46B$1.48B$1.52B$1.47B$1.41B$1.35B$1.34B$1.33B$1.34B$1.26B$1.08B$1.04B
    Cost of Revenue$0$0$265.71M$0$0$0$96.31M$0$0$0$81.88M$0
    Gross Profit$1.46B$1.48B$1.52B$1.47B$1.37B$1.35B$1.34B$1.33B$1.34B$1.26B$1.08B$1.04B
    Operating Expenses$1.19B$1.24B$1.22B$1.19B$1.23B$1.14B$1.15B$1.10B$1.10B$1.14B$1.36B$621.76M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$57.60M$58.88M$54.14M$55.04M$49.33M$44.04M$49.11M$41.87M$45.07M$40.84M$38.02M$35.52M
    Operating Income$268.89M$240.62M$302.15M$282.11M$139.89M$200.87M$186.27M$227.76M$242.81M$125.01M$-287,105,000$417.34M
    Interest Income$90.72M$72.78M$-32,112,000$3.08M$42.75M$39.09M$2.35M$5.09M$2.03M$-1,676,000$2.13M$0
    Interest Expense$0$0$0$0$0$0$0$0$0$0$0$184.12M
    Income Before Tax$396.32M$347.13M$323.44M$341.50M$223.08M$267.12M$221.45M$286.48M$276.61M$149.40M$235.56M$245.21M
    Income Tax Expense$25.81M$26.20M$21.80M$23.82M$24.07M$15.66M$20.10M$15.36M$15.64M$15.50M$15.80M$11.34M
    Net Income$370.51M$320.94M$301.64M$317.67M$199.01M$251.46M$201.35M$271.12M$260.97M$133.90M$219.76M$233.88M
    EBITDA$967.79M$919.77M$1.04B$979.67M$837.43M$843.60M$832.64M$890.02M$886.10M$733.69M$176.13M$913.64M
    EBIT$305.60M$274.35M$393.92M$338.42M$181.44M$228.03M$219.10M$281.39M$274.58M$151.08M$-288,680,000$429.33M
    * Some calculated fields are derived from available data when not provided by source

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    O Valuation and Fair Value

    P/E
    26.2x
    Forward P/E
    33.7x
    EV/EBITDA
    20.2x
    P/FCF
    12.9x
    PEG
    2.9x
    P/B
    1.3x
    See GNG's fair value

    O Profitability: Margins, ROIC and FCF

    Gross margin
    100.0%
    Operating margin
    47.0%
    Net margin
    20.9%
    ROIC
    1.8%
    ROE
    3.2%
    FCF margin
    67.4%
    FCF yield
    7.7%

    O Competitors

    CompanyTicker
    Public StoragePSA
    Vivmark ResidentialVMRK
    Digital Realty Trust IncDLR
    Ventas IncVTR
    Vanguard Real Estate Index Fund ETF SharesVNQ
    CBRE Group Inc Class ACBRE
    Simon Property Group IncSPG
    Crown CastleCCI

    Sector: Real Estate

    O Analyst Ratings

    Consensus
    Hold
    Analysts
    24
    Strong Buy
    1
    Buy
    6
    Hold
    16
    Sell
    0
    Strong Sell
    1

    O Bull Case vs Bear Case

    Bull case

    • O converts 67.4% of revenue into free cash flow.
    • O has a 20.9% net profit margin.

    Bear case

    • O beat EPS estimates in 0.0% of its last 8 reported quarters.

    O Earnings: Beat Rate and Next Report

    Beat rate
    0 of 8 quarters (0.0%)
    Average surprise
    -19.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.43
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 0 down

    O Dividend

    Forward yield
    5.9%
    Payout ratio
    72.6%
    3Y DPS growth
    2.7%
    5Y DPS growth
    2.8%
    Pay months
    Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
    O dividend history

    Frequently Asked Questions About O

    What is O's current dividend yield?

    Realty Income Corporation (O) has a forward dividend yield of 5.86%.

    Does O pay dividends?

    Yes, Realty Income Corporation pays dividends with a forward dividend yield of 5.86%.

    What is O's P/E ratio?

    Realty Income Corporation has a price-to-earnings (P/E) ratio of 26.19.

    What is O's market cap?

    Realty Income Corporation (O) has a market capitalization of $52.20B with a current stock price of $55.55.

    Related stocks

    Sector: Real Estate

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