Realty Income Corp | REIT Profile

Symbol: O
CIK: 726728
Exchange: NYSE
Founded: 1969 (53 years)
HQ: San Diego, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Retail, Industrial, Office, Specialty

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See O on SEC.gov

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About Realty Income Corp

Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, the company has declared 567 consecutive common stock monthly dividends throughout its 48-year operating history and increased the dividend 93 times since Realty Income's public listing in 1994 (NYSE: O). The company has in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology, and capital markets capabilities.


Realty Income Corp Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$66.85 $67.81 $66.18 $67.13 $67.56 $67.56 1,832,905 -$0.71 -1.05% $40,216,846,756 67.50 $75.14 $62.74 -5.34%

Last update: 2022-05-19 09:26:56 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.5

Hightlights of Trading Day May 18, 2022


Open Price: $68.34
Closing Price: $67.56
Price Change: -1.05 (-1.53%)
Lowest Price: $67.37
Highest Price: $68.5
52-Week Low: $61.87
52-Week High: $75.14
52-Week Change: 9.23%
5 Day Price Change: 8.05%
1 Month Price Change: -5.19%
3 Month Price Change: 3.31%
6 Month Price Change: -2.64%
YTD Price Change: -2.80%
1 Year Price Change: 9.36%
2 Year Price Change: 49.79%
5 Year Price Change: 57.54%

Dividend of Trading Day May 18, 2022


Dividend Yield: 4.387%*
Annualized Dividend: $2.964*
Dividend Yield (TTM): 4.138%
Annualized Dividend (TTM): $2.839
Ex-Dividend Date: 2022-04-29
Dividend Frequency: Monthly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for O.

Year Quarter Type Amount Dividend Paid Payout Ratio
2021 Q4 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%
2021 Q3 FFO $--- $--- ---%
2021 Q3 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day May 18, 2022


Total Cash: $151,624,000
Current Debt: $1,870,801,000
Revenue: $2,445,002,000
Gross Profit: $2,445,002,000
Total Revenue: $2,445,002,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,975,142,000
Revenue Per Share: $4
Revenue Per Employee: $12,603,103
Employee: 209
Debt to Equity Ratio (D/E): 1.73
Profit Margin: 0.19%
Enterprise Value (EV): $56,490,048,807
Enterprise Value to Revenue (EV/R): 23.10
Price to Sales (P/S): 16.59
Price to Book (P/B): 1.59
Price/Earnings-to-Growth (PEG) Ratio: 17.48
P/E Ratio: 68.22
P/E High: 21.25
P/E Low: 16.46
Forward P/E Ratio: 41.22
Market Capitalization: $40,643,981,553
Beta: 0.61
Latest Volume: 5,187,348
Avg. Total Volume: 3,983,012
Avg. 10-Day Volume: 4,828,062
Avg. 30-Day Volume: 3,983,012
TTM EPS: 0.99
Shares Outstanding: 601,598,306
Float: N/A
50-Day Moving Avg.: $69.90
200-Day Moving Avg.: $68.29

Latest REIT Community Comments on #O


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Properties Owned by O


O Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $76.50 per share you would have been able to buy 13 shares of O on 2021-05-19 costing $994.50 @ $76.50 per share you would have been able to buy 6 shares of O on 2021-05-19 costing $459.00 @ $76.50 per share you would have been able to buy 3 shares of O on 2021-05-19 costing $229.50 @ $76.50 per share you would have been able to buy 1 shares of O on 2021-05-19 costing $76.50 @ $76.50 per share you would have been able to buy 0 shares of O on 2021-05-19 costing $0.00
Current worth On 2022-05-18 these 13 shares would be worth $878.28 @ $67.56 On 2022-05-18 these 6 shares would be worth $405.36 @ $67.56 On 2022-05-18 these 3 shares would be worth $202.68 @ $67.56 On 2022-05-18 these 1 shares would be worth $67.56 @ $67.56 On 2022-05-18 these 0 shares would be worth $0.00 @ $67.56
Dividends earned $37.61 in dividends would have been earned since 2021-05-19 with 13 shares. $17 in dividends would have been earned since 2021-05-19 with 6 shares. $8.68 in dividends would have been earned since 2021-05-19 with 3 shares. $2.89 in dividends would have been earned since 2021-05-19 with 1 shares. $0.00 in dividends would have been earned since 2021-05-19 with 6 shares.
Net (gain / loss)* -78.61 USD -36.28 USD -18.14 USD -6.05 USD 0.00 USD
ROI** -7.90% -7.90% -7.90% -7.90% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by O. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
O 2022-04-29 0.247 --- 2022-04-12 2022-05-02 2022-05-13
O 2022-03-31 0.247 0.20% 2022-03-15 2022-04-01 2022-04-15
O 2022-02-28 0.247 --- 2022-02-15 2022-03-01 2022-03-15
O 2022-01-31 0.247 --- 2022-01-11 2022-02-01 2022-02-15
O 2021-12-31 0.247 0.20% 2021-12-15 2022-01-03 2022-01-14
O 2021-11-30 0.246 4.24% 2021-11-16 2021-12-01 2021-12-15
O 2021-11-01 0.236 --- 2021-10-14 2021-11-02 2021-11-15
O 2021-09-30 0.236 0.21% 2021-09-14 2021-10-01 2021-10-15
O 2021-08-31 0.236 --- 2021-08-17 2021-09-01 2021-09-15
O 2021-07-30 0.236 --- 2021-07-13 2021-08-02 2021-08-13
O 2021-06-30 0.236 0.21% 2021-06-15 2021-07-01 2021-07-15
O 2021-05-28 0.235 --- 2021-05-18 2021-06-01 2021-06-15
O 2021-04-30 0.235 --- 2021-04-13 2021-05-03 2021-05-14
O 2021-03-31 0.235 0.21% 2021-03-16 2021-04-01 2021-04-15
O 2021-02-26 0.235 --- 2021-02-17 2021-03-01 2021-03-15
O 2021-01-29 0.235 --- 2021-01-14 2021-02-01 2021-02-16
O 2020-12-31 0.235 0.21% 2020-12-08 2021-01-04 2021-01-15
O 2020-11-30 0.234 --- 2020-11-10 2020-12-01 2020-12-15
O 2020-10-30 0.234 --- 2020-10-15 2020-11-02 2020-11-13
O 2020-09-30 0.234 0.21% 2020-09-17 2020-10-01 2020-10-15

Earnings Press Releases


Below are the Earnings Press Releases for O. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 Realty Income Announces Operating Results For The Three Months And Year Ended December 31, 2021
2021 Q3 Realty Income Announces Operating Results For The Three And Nine Months Ended September 30, 2021
2021 Q2 Realty Income Announces Operating Results For The Three And Six Months Ended June 30, 2021
2021 Q1 Realty Income Announces Operating Results For First Quarter 2021

Financial Statements Overview


The next Earnings Report for O is 2022-08-01

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Current Cash 258,579,000 516,983,000 231,164,000 183,984,000
Receivables 431,223,000 341,729,000 327,920,000 307,237,000
Inventory 0 0 0 0
Current Assets 862,566,000 924,197,000 627,530,000 545,694,000
Current Assets (Other) 75,663,000 65,485,000 68,446,000 54,473,000
Short Term Investments 75,663,000 65,485,000 68,446,000 54,473,000
Long-term Investments 42,274,936,000 22,786,897,000 21,357,411,000 20,433,876,000
Property, Plant & Equipment Net 31,959,130,000 19,777,780,000 18,900,314,000 18,175,686,000
Goodwill 3,676,705,000 13,947,000 14,017,000 14,114,000
Intangible Assets 5,275,304,000 2,156,008,000 1,969,793,000 1,820,146,000
Other Assets 560,845,000 390,397,000 290,999,000 284,313,000
Net Tangible Assets 16,100,565,000 11,165,138,000 9,855,722,000 9,700,612,000
Total Assets 43,137,502,000 23,711,094,000 21,984,941,000 20,979,570,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,561,683,000 498,146,000 472,515,000 467,090,000
Current Liabilities (Other) 385,946,000 306,200,000 270,897,000 235,192,000
Total Current Liabilities 2,049,423,000 711,200,000 1,556,203,000 910,192,000
Current Long-term Debt 1,663,477,000 405,000,000 1,285,306,000 675,000,000
Long-term Debt 13,935,248,000 8,946,976,000 7,971,718,000 7,923,322,000
Total Liabilities 18,084,928,000 10,376,001,000 10,145,409,000 9,444,698,000
Minority Interest 76,826,000 34,020,000 34,147,000 32,141,000
Common Stock 484,063,103 391,913,478 374,236,424 371,522,607
Retained Earnings -4,530,571,000 -4,112,953,000 -3,968,333,000 -3,827,660,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 25,052,574,000 13,335,093,000 11,839,532,000 11,534,872,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Total Revenue 681,502,000 491,875,000 464,282,000 442,804,000
Cost of Revenue 0 0 0 0
Gross Profit 681,502,000 491,875,000 464,282,000 442,804,000
Research and Development 0 0 0 0
Selling General and Admin 30,522,000 23,813,000 21,849,000 20,796,000
Operating Expense 606,531,000 252,307,000 241,372,000 227,280,000
Operating Income 74,971,000 239,568,000 222,910,000 215,524,000
Income Expense Net (Other) 0 0 0 0
EBIT 76,077,000 239,568,000 222,910,000 215,524,000
Interest Income 100,739,000 76,156,000 73,674,000 73,075,000
Pretax Income -17,062,000 141,355,000 133,993,000 102,461,000
Income Tax -21,529,000 6,079,000 9,225,000 6,225,000
Minority Interest 426,000 280,000 289,000 296,000
Net Income 4,041,000 134,996,000 124,479,000 95,940,000
Net Income Basic 4,041,000 134,996,000 124,479,000 95,940,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Net Income 4,041,000 134,996,000 124,479,000 95,940,000
Depreciation 333,229,000 198,832,000 187,789,000 177,985,000
Changes in Receivables 431,223,000 341,729,000 327,920,000 307,237,000
Changes in Inventories 0 0 0 0
Cash Change 258,579,000 516,983,000 231,164,000 183,984,000
Cash Flow 352,123,000 388,932,000 314,681,000 266,453,000
Capital Expenditures -2,611,103,000 -1,615,014,000 -1,077,608,000 -1,028,431,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -2,834,743,000 -1,577,376,000 -1,031,850,000 -993,726,000
Dividends Paid 0 0 0 0
Net Borrowings 15,264,483,000 8,769,508,000 8,957,414,000 8,359,865,000
Cash Flow Financing 2,245,104,000 1,470,236,000 791,904,000 69,876,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
9 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.5
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 6.9
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.3
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.5
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.4
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.6
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.3
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.8
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.4
8.5 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-05-19 - v3.3