Realty Income Corporation O
Realty Income (NYSE: O), 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 March 31, 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 670 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for over 31 consecutive years.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-06) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $5.75B | $1.06B | $2.47B | $3.55B | $3.99B |
| 2024 | $5.27B | $860.77M | $2.40B | $4.33B | $3.57B |
| 2023 | $4.08B | $872.31M | $1.90B | $3.60B | $2.96B |
| 2022 | $3.34B | $869.41M | $1.67B | $2.59B | $2.56B |
| 2021 | $2.08B | $359.46M | $897.84M | $1.29B | $1.32B |
| 2020 | $1.65B | $395.49M | $677.04M | $1.38B | $1.12B |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-06-09 | $0.27 | Monthly |
| 2026-05-29 | 2026-05-29 | 2026-06-15 | 2026-05-14 | $0.27 | Monthly |
| 2026-04-30 | 2026-04-30 | 2026-05-15 | 2026-04-14 | $0.27 | Monthly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-11 | $0.27 | Monthly |
| 2026-02-27 | 2026-02-27 | 2026-03-13 | 2026-02-17 | $0.27 | Monthly |
| 2026-01-30 | 2026-01-30 | 2026-02-13 | 2026-01-13 | $0.27 | Monthly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-12-09 | $0.27 | Monthly |
| 2025-11-28 | 2025-11-28 | 2025-12-15 | 2025-11-07 | $0.27 | Monthly |
| 2025-10-31 | 2025-10-31 | 2025-11-14 | 2025-10-14 | $0.27 | Monthly |
| 2025-10-01 | 2025-10-01 | 2025-10-15 | 2025-09-09 | $0.27 | Irregular |
| 2025-09-02 | 2025-09-02 | 2025-09-15 | 2025-08-14 | $0.27 | Monthly |
| 2025-08-01 | 2025-08-01 | 2025-08-15 | 2025-07-08 | $0.27 | Monthly |
| 2025-07-01 | 2025-07-01 | 2025-07-15 | 2025-06-10 | $0.27 | Monthly |
| 2025-06-02 | 2025-06-02 | 2025-06-13 | 2025-05-12 | $0.27 | Monthly |
| 2025-05-01 | 2025-05-01 | 2025-05-15 | 2025-04-08 | $0.27 | Monthly |
| 2025-04-01 | 2025-04-01 | 2025-04-15 | 2025-03-12 | $0.27 | Irregular |
| 2025-03-03 | 2025-03-03 | 2025-03-14 | 2025-02-19 | $0.27 | Monthly |
| 2025-02-03 | 2025-02-03 | 2025-02-14 | 2025-01-14 | $0.26 | Monthly |
| 2025-01-02 | 2025-01-02 | 2025-01-15 | 2024-12-10 | $0.26 | Monthly |
| 2024-12-02 | 2024-12-02 | 2024-12-13 | 2024-11-08 | $0.26 | Monthly |
| 2024-11-01 | 2024-11-01 | 2024-11-15 | 2024-10-08 | $0.26 | Monthly |
| 2024-10-01 | 2024-10-01 | 2024-10-15 | 2024-09-10 | $0.26 | Irregular |
| 2024-09-03 | 2024-09-03 | 2024-09-13 | 2024-08-15 | $0.26 | Monthly |
| 2024-08-01 | 2024-08-01 | 2024-08-15 | 2024-07-09 | $0.26 | Monthly |
Coverage (payout of operating cash flow): 73.66%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.