Realty Income Corp

Symbol: O
CIK: 726728
Exchange: NYSE
Founded: 1969 (50 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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Realty Income Corp Company Logo

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 8.4   Dividend Section Rating

Rating Dividend Section Avg. Rating
5 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 6.9
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 5.8
9 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.0
8.4 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 6.8

 8.2   Leverage Section Rating

Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.6
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
8.2 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.5

 8.0   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
6 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.7
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
8.0 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2

 8.2   Overall REITRating™ Score


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.

Stock Chart

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Hightlights of Trading Day July 19, 2019


Open Price: $70.14
Closing Price: $68.74
Price Change: -1.36 (-1.94%)
Lowest Price: $68.7
Highest Price: $70.23

52-Week Low: $54.68
52-Week High: $74.14
52-Week Change: 23.17%

5 Day Price Change: -0.89%
1 Month Price Change: -4.26%
3 Month Price Change: 3.26%
6 Month Price Change: 8.23%
YTD Price Change: 13.19%
1 Year Price Change: 25.61%
2 Year Price Change: 25.65%
5 Year Price Change: 58.25%

See historical stock prices for O

Dividend of Trading Day July 19, 2019

See complete list of dividend paymemts for O

Dividend Yield: 3.954%*
Annualized Dividend: $2.718*
Dividend Yield (TTM): 3.867%
Annualized Dividend (TTM): $2.6585
Ex Dividend Date: 2019-07-31
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.

Latest News Headlines


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Funds From Operations (FFO)


Dividend to FFO & AFFO Payout Ratio
REITNotes' Dividend to FFO Payout Ratio graph is based on 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.

Stock Price to FFO & AFFO Multiples (TTM)
REITNotes' Price to FFO (P/FFO) Multiples graph is calculated by dividing the REIT’s closing stock price for the day by the Trailing Twelve Month (TTM) Funds from Operations (FFO). For some REITs we also display the Price-to-Adjusted Funds From Operations (P/AFFO), Price-to-Core FFO (P/CFFO), Price-to-Normalized FFO (P/NFFO), Price-to-Modified FFO (P/MFFO), Price-to-Operating (P/FFO), depending on the data provided in the REIT’s Quarterly Earning Reports.

As you may be familiar with, the price-to-earnings ratio (P/E ratio) is a useful tool for investors to gauge the market's valuation of a company’s stock price. The price-to-FFO ratio (or multiple) is a comparable measure used in the REIT industry that compares the REIT’s stock price to its FFO per share instead of its earnings per share (EPS).

Key Stats of Trading Day July 19, 2019


Total Cash: $10,387,000
Current Debt: $90,700,000
Revenue: $1,344,738,000
Gross Profit: $721,732,000
Total Revenue: $1,344,738,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,196,997,000
Revenue Per Share: $4
Revenue Per Employee: $8,149,927
Employee: 165
Debt to Equity Ratio (D/E): 0.80
Profit Margin: 0.27%
Enterprise Value (EV): $28,878,935,910
Enterprise Value to Revenue (EV/R): 21.48
Price to Sales (P/S): 16.65
Price to Book (P/B): 2.77
Peg Ratio: 1.91
P/E Ratio: 51.30
P/E High: 55.33
P/E Low: 40.61
Forward P/E Ratio: 50.16
Market Capitalization: $21,753,941,580
Beta: 0.37
Latest Volume: 1,350,256.00
Avg. Total Volume: 1,705,899
Avg. 10 Volume: 1,401,399.60
Avg. 30 Volume: 1,705,898.60
TTM EPS: 1.34
TTM Dividend Rate: 2.66
Shares Outstanding: 316,467,000
Float: 715,848.35
50-Day Moving Avg.: 70.47
200-Day Moving Avg.: 67.09

Latest REIT Community Comments on #O


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Properties Owned by O


Properties owned:
5876
Types:
4
States:
49
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
O Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by O, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience. See complete list of dividend payments for O.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Total Assets 15,762,908,000.00 15,260,483,000.00 15,095,325,000.00 14,674,074,000.00
Cash and Equivalents 2,997,000.00 10,387,000.00 6,666,000.00 30,717,000.00
Investments 0.00 0.00 0.00 0.00
Investments Current 0.00 0.00 0.00 0.00
Investments Non-Current 0.00 0.00 0.00 0.00
Deferred Revenue 0.00 0.00 0.00 0.00
Deposit Liabilities 0.00 0.00 0.00 0.00
Property, Plant & Equipment Net 14,141,894,000.00 13,843,517,000.00 13,686,974,000.00 13,230,042,000.00
Inventory 0.00 0.00 0.00 0.00
Tax Assets 0.00 0.00 0.00 0.00
Trade and Non-Trade Receivables 151,341,000.00 144,991,000.00 135,866,000.00 126,126,000.00
Trade and Non-Trade Payables 183,483,000.00 201,554,000.00 184,893,000.00 186,778,000.00
Goodwill and Intangible Assets 1,219,744,000.00 14,630,000.00 1,227,540,000.00 1,243,482,000.00
Total Liabilities 7,753,832,000.00 7,139,505,000.00 7,384,071,000.00 7,161,605,000.00
Shareholders Equity 7,983,895,000.00 8,088,742,000.00 7,676,240,000.00 7,475,750,000.00
Accumulated Retained Earnings (Deficit) -2,752,775,000.00 -2,657,655,000.00 -2,543,852,000.00 -2,449,793,000.00
Accumulated Other Comprehensive Income -11,797,000.00 -8,098,000.00 0.00 0.00
Current Assets 0.00 0.00 0.00 0.00
Assets Non-Current 0.00 0.00 0.00 0.00
Current Liabilities 0.00 0.00 0.00 0.00
Liabilities Non-Current 0.00 0.00 0.00 0.00
Tax Liabilities 0.00 0.00 0.00 0.00
Total Debt 7,015,427,000.00 6,499,976,000.00 6,779,659,000.00 6,540,202,000.00
Debt Current 0.00 0.00 0.00 0.00
Debt Non-Current 0.00 0.00 0.00 0.00

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Revenues 354,365,000.00 342,576,000.00 338,081,000.00 328,886,000.00
Cost of Revenue 21,636,000.00 17,732,000.00 15,806,000.00 16,236,000.00
Selling, General and Administrative Expense 15,108,000.00 34,178,000.00 16,332,000.00 17,954,000.00
Research and Development Expense 0.00 0.00 0.00 0.00
Operating Expenses 150,034,000.00 167,299,000.00 152,348,000.00 148,117,000.00
Interest Expense 70,020,000.00 70,635,000.00 69,342,000.00 66,628,000.00
Income Tax Expense 1,445,000.00 1,607,000.00 1,302,000.00 1,208,000.00
Net Income from Discontinued Operations 0.00 0.00 0.00 0.00
Consolidated Income 111,230,000.00 85,303,000.00 99,283,000.00 96,697,000.00
Net Income to Non-Controlling Interests 288,000.00 231,000.00 284,000.00 317,000.00
Net Income 110,942,000.00 85,072,000.00 98,999,000.00 96,380,000.00
Preferred Dividends Income Statement Impact 0.00 0.00 0.00 0.00
Net Income Common Stock 110,942,000.00 85,072,000.00 98,999,000.00 96,380,000.00
Earnings per Basic Share 0.37 0.29 0.34 0.34
Earnings per Diluted Share 0.37 0.29 0.34 0.34
Weighted Average Shares 303,528,336.00 297,912,147.00 290,664,368.00 284,928,969.00
Weighted Average Shares Diluted 303,819,878.00 298,380,081.00 291,207,186.00 285,372,256.00

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Capital Expenditure -520,970,000.00 -334,876,000.00 -612,974,000.00 -339,447,000.00
Net Cash Flow - Business Acquisitions and Disposals 0.00 3,075,000.00 -3,275,000.00 442,000.00
Net Cash Flow - Investment Acquisitions and Disposals 0.00 0.00 0.00 5,235,000.00
Net Cash Flow from Financing 287,750,000.00 26,455,000.00 335,821,000.00 51,849,000.00
Issuance (Repayment) of Debt Securities 514,765,000.00 -293,546,000.00 238,839,000.00 -56,060,000.00
Issuance (Purchase) of Equity Shares -18,061,000.00 -604,000.00 2,160,000.00 2,460,000.00
Payment of Dividends & Other Cash Distributions -204,546,000.00 -196,835,000.00 -191,703,000.00 -187,488,000.00
Net Cash Flow from Investing -498,514,000.00 -272,012,000.00 -577,466,000.00 -297,371,000.00
Net Cash Flow from Operations 212,027,000.00 250,900,000.00 212,573,000.00 263,740,000.00
Effect of Exchange Rate Changes on Cash 0.00 0.00 0.00 0.00
Net Cash Flow / Change in Cash & Cash Equivalents 1,263,000.00 5,343,000.00 -29,072,000.00 18,218,000.00
Share Based Compensation 2,764,000.00 14,740,000.00 3,870,000.00 4,995,000.00
Depreciation, Amortization & Accretion 137,517,000.00 137,711,000.00 136,967,000.00 133,999,000.00

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.

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