Realty Income Corp | REIT Profile

Symbol: O
CIK: 726728
Exchange: NYSE
Founded: 1969 (52 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

See O on Google Finance
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See O on SEC.gov

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Overall Score: 8.2

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 30, 2021


Open Price: $69.2
Closing Price: $67.92
Price Change: -1.634 (-2.349%)
Lowest Price: $67.89
Highest Price: $69.485

52-Week Low: $55.03
52-Week High: $74.35
52-Week Change: 21.02%

5 Day Price Change: -1.26%
1 Month Price Change: -1.96%
3 Month Price Change: -1.45%
6 Month Price Change: 3.80%
YTD Price Change: 16.29%
1 Year Price Change: 18.19%
2 Year Price Change: -0.91%
5 Year Price Change: 51.33%

Dividend of Trading Day November 30, 2021


Dividend Yield: 4.17%*
Annualized Dividend: $2.832*
Dividend Yield (TTM): 3.643%
Annualized Dividend (TTM): $2.5431
Ex-Dividend Date: 2021-11-30
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)


Funds From Operations (FFO)

Key Stats of Trading Day November 30, 2021


Total Cash: $516,983,000
Current Debt: $711,200,000
Revenue: $1,817,037,000
Gross Profit: $1,817,037,000
Total Revenue: $1,817,037,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,602,182,000
Revenue Per Share: $5
Revenue Per Employee: $9,366,170
Employee: 209
Debt to Equity Ratio (D/E): 1.78
Profit Margin: 0.26%
Enterprise Value (EV): $37,049,052,303
Enterprise Value to Revenue (EV/R): 20.39
Price to Sales (P/S): 15.53
Price to Book (P/B): 2.12
Price/Earnings-to-Growth (PEG) Ratio: 10.33
P/E Ratio: 53.48
P/E High: 21.71
P/E Low: 16.81
Forward P/E Ratio: 47.91
Market Capitalization: $27,454,139,081
Beta: N/A
Latest Volume: 6,217,053
Avg. Total Volume: 4,198,445
Avg. 10-Day Volume: 4,847,856
Avg. 30-Day Volume: 4,198,445
TTM EPS: 1.27
Shares Outstanding: 404,212,884
Float: N/A
50-Day Moving Avg.: $71.11
200-Day Moving Avg.: $68.98

Latest REIT Community Comments on #O


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Properties Owned by O


Properties Based on REIT's Official Presentation

Properties Types States Countries
6,525 4 49 2

Please visit REIT’s official webpage for the most up-to-date property list.

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 2020-12-01 costing $994.50 @ $76.50 per share you would have been able to buy 6 shares of O on 2020-12-01 costing $459.00 @ $76.50 per share you would have been able to buy 3 shares of O on 2020-12-01 costing $229.50 @ $76.50 per share you would have been able to buy 1 shares of O on 2020-12-01 costing $76.50 @ $76.50 per share you would have been able to buy 0 shares of O on 2020-12-01 costing $0.00
Current worth On 2021-11-30 these 13 shares would be worth $882.96 @ $67.92 On 2021-11-30 these 6 shares would be worth $407.52 @ $67.92 On 2021-11-30 these 3 shares would be worth $203.76 @ $67.92 On 2021-11-30 these 1 shares would be worth $67.92 @ $67.92 On 2021-11-30 these 0 shares would be worth $0.00 @ $67.92
Dividends earned $36.67 in dividends would have been earned since 2020-12-01 with 13 shares. $17 in dividends would have been earned since 2020-12-01 with 6 shares. $8.46 in dividends would have been earned since 2020-12-01 with 3 shares. $2.82 in dividends would have been earned since 2020-12-01 with 1 shares. $0.00 in dividends would have been earned since 2020-12-01 with 6 shares.
Net (gain / loss)* -74.87 USD -34.55 USD -17.28 USD -5.76 USD 0.00 USD
ROI** -7.53% -7.53% -7.53% -7.53% 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 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
O 2020-08-31 0.234 --- 2020-08-18 2020-09-01 2020-09-15
O 2020-07-31 0.234 --- 2020-07-13 2020-08-03 2020-08-14
O 2020-06-30 0.234 0.21% 2020-06-09 2020-07-01 2020-07-15
O 2020-05-29 0.233 --- 2020-05-12 2020-06-01 2020-06-15
O 2020-04-30 0.233 --- 2020-04-13 2020-05-01 2020-05-15
O 2020-03-31 0.233 0.22% 2020-03-17 2020-04-01 2020-04-15

Financial Statements Overview


The next Earnings Report for O is 2022-02-24

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 516,983,000 231,164,000 183,984,000 824,476,000
Receivables 341,729,000 327,920,000 307,237,000 418,122,000
Inventory 0 0 0 0
Current Assets 924,197,000 627,530,000 545,694,000 1,297,909,000
Current Assets (Other) 65,485,000 68,446,000 54,473,000 33,091,000
Short Term Investments 65,485,000 68,446,000 54,473,000 33,091,000
Long-term Investments 22,786,897,000 21,357,411,000 20,433,876,000 19,442,376,000
Property, Plant & Equipment Net 19,777,780,000 18,900,314,000 18,175,686,000 17,466,152,000
Goodwill 13,947,000 14,017,000 14,114,000 14,180,000
Intangible Assets 2,156,008,000 1,969,793,000 1,820,146,000 1,710,655,000
Other Assets 390,397,000 290,999,000 284,313,000 120,336,000
Net Tangible Assets 11,165,138,000 9,855,722,000 9,700,612,000 9,260,648,000
Total Assets 23,711,094,000 21,984,941,000 20,979,570,000 20,740,285,000
Accounts Payable 0 0 0 0
Liabilities (Other) 498,146,000 472,515,000 467,090,000 355,558,000
Current Liabilities (Other) 306,200,000 270,897,000 235,192,000 427,671,000
Total Current Liabilities 711,200,000 1,556,203,000 910,192,000 427,671,000
Current Long-term Debt 405,000,000 1,285,306,000 675,000,000 0
Long-term Debt 8,946,976,000 7,971,718,000 7,923,322,000 8,824,767,000
Total Liabilities 10,376,001,000 10,145,409,000 9,444,698,000 9,754,802,000
Minority Interest 34,020,000 34,147,000 32,141,000 32,247,000
Common Stock 391,913,478 374,236,424 371,522,607 354,504,314
Retained Earnings -4,112,953,000 -3,968,333,000 -3,827,660,000 -3,659,933,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 13,335,093,000 11,839,532,000 11,534,872,000 10,985,483,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 491,875,000 464,282,000 442,804,000 418,076,000
Cost of Revenue 0 0 0 0
Gross Profit 491,875,000 464,282,000 442,804,000 418,076,000
Research and Development 0 0 0 0
Selling General and Admin 23,813,000 21,849,000 20,796,000 16,674,000
Operating Expense 252,307,000 241,372,000 227,280,000 233,543,000
Operating Income 239,568,000 222,910,000 215,524,000 184,533,000
Income Expense Net (Other) 0 0 0 0
EBIT 239,568,000 222,910,000 215,524,000 184,533,000
Interest Income 76,156,000 73,674,000 73,075,000 78,764,000
Pretax Income 141,355,000 133,993,000 102,461,000 107,957,000
Income Tax 6,079,000 9,225,000 6,225,000 -10,193,000
Minority Interest 280,000 289,000 296,000 219,000
Net Income 134,996,000 124,479,000 95,940,000 117,931,000
Net Income Basic 134,996,000 124,479,000 95,940,000 117,931,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 134,996,000 124,479,000 95,940,000 117,931,000
Depreciation 198,832,000 187,789,000 177,985,000 677,038,000
Changes in Receivables 341,729,000 327,920,000 307,237,000 418,122,000
Changes in Inventories 0 0 0 0
Cash Change 516,983,000 231,164,000 183,984,000 824,476,000
Cash Flow 388,932,000 314,681,000 266,453,000 305,738,000
Capital Expenditures -1,615,014,000 -1,077,608,000 -1,028,431,000 -2,291,838,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -1,577,376,000 -1,031,850,000 -993,726,000 -920,553,000
Dividends Paid 0 0 0 0
Net Borrowings 8,769,508,000 8,957,414,000 8,359,865,000 7,967,200,000
Cash Flow Financing 1,470,236,000 791,904,000 69,876,000 723,317,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
9 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.6
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.1
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
8 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.4
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.1
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
10 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
6 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
8.2 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: 2021-12-01 - v2.4