Realty Income Corp O Stock Analysis
- NYSE
- Stock
- Market open · closes 4:00 PM ET
$59.27 down $0.24, 0.39% today
As of · Tiingo real-time · Previous close $59.50
- Market cap
- $56.08BAt today’s price
- P/E ratio
- 40.59On last 12 months’ EPS
- Diluted EPS
- $1.46Last 12 months
- Dividend yield
- 5.48%Last 12 months
Price chart
$59.27down $0.23, 0.39%Today
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Open$58.26Today
- Previous close$59.50Nov 5
- Volume7.59MNov 5 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume8.06MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- Today’s range: $58.26 to $59.60; now $59.27
The lowest and highest trades so far today. The marker shows the latest price.
- 52-week range: $53.15 to $67.94; now $59.27
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to today’s price. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
O beat the S&P 500 in 3 of 7 periods.
| Period | O and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | O: up 9.8% S&P 500: down 5.4% | O beat the S&P 500 by 15.2 percentage points Beat |
| 3M | O: down 3.6% S&P 500: down 3.9% | O beat the S&P 500 by 0.3 percentage points Beat |
| YTD | O: up 9.9% S&P 500: up 8.9% | O beat the S&P 500 by 1.0 percentage points Beat |
| 1Y | O: up 11.0% S&P 500: up 11.1% | O trailed the S&P 500 by 0.1 percentage points Trailed |
| Long term | ||
| 3Y | O: up 38.6% S&P 500: up 75.4% +11.5% vs +20.6% a year | O trailed the S&P 500 by 36.8 percentage points Trailed |
| 5Y | O: up 10.6% S&P 500: up 68.2% +2.0% vs +11.0% a year | O trailed the S&P 500 by 57.6 percentage points Trailed |
| 10Y | O: up 72.0% S&P 500: up 314.1% +5.6% vs +15.3% a year | O trailed the S&P 500 by 242.1 percentage points Trailed |
$10,000 invested in O 10 years ago (Nov 4, 2016) would be worth about $17,205 today, with dividends reinvested. The same amount in the S&P 500 would be worth about $41,414.
O beat the S&P 500 in 1 of 7 periods.
| Period | O and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | O: up 9.2% S&P 500: down 5.4% | O beat the S&P 500 by 14.6 percentage points Beat |
| 3M | O: down 5.0% S&P 500: down 4.1% | O trailed the S&P 500 by 0.9 percentage points Trailed |
| YTD | O: up 5.1% S&P 500: up 8.1% | O trailed the S&P 500 by 3.0 percentage points Trailed |
| 1Y | O: up 5.2% S&P 500: up 10.0% | O trailed the S&P 500 by 4.8 percentage points Trailed |
| Long term | ||
| 3Y | O: up 17.4% S&P 500: up 69.2% +5.5% vs +19.2% a year | O trailed the S&P 500 by 51.8 percentage points Trailed |
| 5Y | O: down 14.8% S&P 500: up 57.3% −3.1% vs +9.5% a year | O trailed the S&P 500 by 72.1 percentage points Trailed |
| 10Y | O: up 6.6% S&P 500: up 253.4% +0.6% vs +13.5% a year | O trailed the S&P 500 by 246.8 percentage points Trailed |
$10,000 invested in O 10 years ago (Nov 4, 2016) would be worth about $10,659 today, not counting dividends. The same amount in the S&P 500 would be worth about $35,344.
All-time high
$79.88
Closing high on . Now 25.8% below that record.
Split-adjusted daily closes since Oct 18, 1994.
Stock splits
2
Latest: 1.03-for-1 on . One share bought before the first split is 2 shares today.
Both splits
- 1.03-for-1
- 2-for-1
Valuation
Today’s price compared with the last 12 months of reported results (the four quarters to Sep 30, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
40.6×Today’s price ÷ diluted EPS over the last 12 months ($1.46)
The range covers daily P/E ratios from Oct 27, 2021 to Nov 5, 2026, each based on the previous 12 months of earnings.
O trades at 40.6× its earnings over the last 12 months, below its 5-year median of 55.1×. In plain terms, buyers are paying about $41 for each $1 of profit from the past year. How to read P/E
Other valuation measures
- 9.0×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 1.4×Book value as of Sep 30, 2026
Price relative to accounting equity (book value) per share on the Sep 30, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 16.6×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - 1.15Last 12 months’ EPS growth
The P/E divided by the growth in diluted EPS over the last 12 months (+35.2% on the 12 months before). It looks backward: near 1 means the P/E roughly matches last year’s growth. Sites that use analysts’ growth forecasts show a different PEG.
PEG = P/E ÷ EPS growth (%) = 40.6 ÷ 35.2 - −3.51%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $87.10BAt today’s price
What it would cost to buy the whole business: the market cap at today’s price, plus debt, minus cash and short-term investments from the Sep 30, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own O DCF in Excel. Value Realty Income with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q3 FY26, the quarter ended Sep 30, 2026. “Last 12 months” means the four quarters from Oct 1, 2025 to Sep 30, 2026, and balance-sheet figures are as of Sep 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $6.21Bup 10.8%
- Net income
- $1.36Bup 40.9%
- Diluted EPS
- $1.46up 35.2%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q4 FY24 (Dec 31, 2024) | $1.34B | $199.61M | $0.23 |
| Q1 FY25 (Mar 31, 2025) | $1.38B | $249.82M | $0.28 |
| Q2 FY25 (Jun 30, 2025) | $1.41B | $196.92M | $0.22 |
| Q3 FY25 (Sep 30, 2025) | $1.47B | $315.77M | $0.35 |
| Q4 FY25 (Dec 31, 2025) | $1.49B | $296.09M | $0.33 |
| Q1 FY26 (Mar 31, 2026) | $1.55B | $311.77M | $0.33 |
| Q2 FY26 (Jun 30, 2026) | $1.55B | $343.96M | $0.37 |
| Q3 FY26 (Sep 30, 2026) | $1.62B | $403.94M | $0.43 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $2.08B | $359.46M | $0.87 |
| FY22 (Dec 31, 2022) | $3.34B | $869.41M | $1.42 |
| FY23 (Dec 31, 2023) | $4.08B | $872.31M | $1.26 |
| FY24 (Dec 31, 2024) | $5.27B | $860.77M | $0.98 |
| FY25 (Dec 31, 2025) | $5.75B | $1.06B | $1.17 |
Margins
- Gross 92.6%
- Operating 44.3%
- Net 21.8%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- −$1.97BLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$4.15BLast 12 months
- Capital spending$6.12BLast 12 months
- −31.7%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $1.81BLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$3.03BLast 12 months
- Total returned$3.03BLast 12 months
Balance sheet
- Not reportedAs of Sep 30, 2026
Cash plus short- and long-term marketable securities on the Sep 30, 2026 balance sheet.
- Total debt$31.39BAs of Sep 30, 2026
- 0.79As of Sep 30, 2026
Total debt divided by shareholders’ equity on the Sep 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 3.4%Last 12 months
Over the last 12 months, Realty Income’s net income was 3.4% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 1.8%Last 12 months
Over the last 12 months, Realty Income’s net income was 1.8% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $2.33 |
| 2017 | $2.46 |
| 2018 | $2.56 |
| 2019 | $2.63 |
| 2020 | $2.71 |
| 2021 | $2.77 |
| 2022 | $2.97 |
| 2023 | $3.06 |
| 2024 | $2.87 |
| 2025 | $3.49 |
| 2026 (to date) | $2.71 |
Dividend details
- $3.25Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- 5.48%; 5-yr low 3.75%, 5-yr high 6.95%Last 12 months
Dividends paid over the last 12 months as a share of today’s price. The bar shows where that yield sits in its range over the past five years; the median was 5.24%.
- $0.27Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyMonthly12 payments in the last 12 months
- up 5.1% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 222.4%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Realty Income Corp
Realty Income, an S&P 500 company, is real estate partner to the world's leading companies ®. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of September 30, 2026, we have a portfolio of over 15,500 properties in all 50 U.S. states, the United Kingdom ("U.K."), and eight other countries in Europe. We are known as "The Monthly Dividend Company ® " and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 676 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats ® index for having increased our dividend for over 32 consecutive years.
- Sector
- Real Estate
- Industry
- REIT - Retail
- Headquarters
- California, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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O stock FAQ
What is O stock’s price today?
Realty Income (O) traded at $59.27 as of , down $0.24 (0.39%) from the previous close of $59.50. Over the past 52 weeks it has traded between $53.15 and $67.94.
If you invested $1,000 in O 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in O on would be worth about $1,720 today, a total return of +72.0%. The same $1,000 would be worth $1,106 if invested five years ago, $1,110 if invested one year ago, $6,449 if invested 20 years ago, and $29,362 if invested 30 years ago. Past performance doesn’t predict future returns.
What is Realty Income’s market cap?
Realty Income’s market capitalization is about $56.1 billion. That’s Tiingo’s daily market cap for , scaled to today’s price of $59.27 (how market cap works). Realty Income reported 946.22M shares outstanding at the end of its latest quarter ().
What is O’s P/E ratio?
O trades at 40.6 times its diluted earnings over the four quarters to ($1.46 per share), at today’s price. Over the past five years its P/E has ranged from 37.2 to 95.7, with a median of 55.1. (How the P/E ratio works.)
How much revenue does Realty Income make?
Realty Income reported $6.2 billion of revenue over the four quarters to , up 10.8% from the twelve months before. In its latest quarter (Q3 FY26, ended ) revenue was $1.6 billion, up 10.3% from a year earlier.
Is Realty Income profitable?
Yes. Realty Income earned $1.4 billion of net income over the four quarters to , a net margin of 21.8%, and its operating margin was 44.3% (what margins tell you).
What are O’s earnings per share?
O’s diluted earnings per share were $1.46 over the four quarters to , compared with $1.08 in the twelve months before. The latest quarter (Q3 FY26) brought $0.43 per share, against $0.35 a year earlier (how EPS works).
Does O pay a dividend?
Yes. Realty Income pays a monthly dividend. The most recent was $0.27 per share, with an ex-dividend date of . Over the last twelve months it paid $3.25 per share, a 5.48% yield at today’s price (how dividend yield works).
Based on the last 12 months’ payments ($3.25 per share), and if the next 12 months match the last 12, 100 shares would receive about $325 over 12 months, and $1,000 over 12 months would take about 308 shares, roughly $18,254 at today’s price. Dividends can change.
What is O’s 52-week high and low?
Over the past 52 weeks O has traded as low as $53.15 and as high as $67.94. At $59.27 today, it is 12.8% below that high and 11.5% above the low.
What is O’s all-time high?
O’s highest closing price was $79.88 on , adjusted for stock splits. At $59.27 today, it is 25.8% below that record.
Has O stock ever split?
Yes, twice: 2-for-1 on ; 1.03-for-1 on . One share bought before the first split would be 2 shares today.
How has O stock performed?
Including dividends and measured to today’s price, O has returned +9.9% so far this year and +11.0% over the past year, and +10.6% over five years (+2.0% a year). Over the same periods the S&P 500, measured by SPY, returned +8.9%, +11.1% and +68.2%. Past performance doesn’t predict future returns.
What sector and industry is Realty Income in?
Realty Income is in the Real Estate sector and the REIT - Retail industry, and is headquartered in California, USA.
What exchange does O trade on?
Realty Income trades on the NYSE under the ticker symbol O. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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