Realty Income Corporation O
Known as "The Monthly Dividend Company," Realty Income is an S&P 500 corporation committed to delivering reliable monthly income to its shareholders. Operating as a Real Estate Investment Trust (REIT), its monthly payouts are generated from the consistent cash flow of over 6,500 commercial properties, which are leased to various businesses under long-term contracts. With a remarkable 52-year operational history, the firm (NYSE: O) has announced 608 uninterrupted monthly dividends for its common stock and has increased its dividend payout 109 times since going public in 1994. It also holds a distinguished position within the S&P 500 Dividend Aristocrats index. For additional details, please visit the company's official website at www.realtyincome.com.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-25 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
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.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model O yourself — any amount, shares, per-payment & a multi-year DRIP projection →
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 | $2.52B | $3.60B | $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
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-10-30 | 2026-10-30 | 2026-11-13 | 2026-10-13 | $0.27 | Monthly |
| 2026-09-30 | 2026-09-30 | 2026-10-15 | 2026-09-08 | $0.27 | Monthly |
| 2026-08-31 | 2026-08-31 | 2026-09-15 | 2026-08-18 | $0.27 | Monthly |
| 2026-07-31 | 2026-07-31 | 2026-08-14 | 2026-07-07 | $0.27 | Monthly |
| 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 |
Coverage (payout of operating cash flow): 73.79%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — O
How a 65-Year-Old Collects $4,950 a Month From Just Three Tickers: JEPQ, O, and MAIN
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Why 5% Treasuries Don't Kill The REIT Case
I Just Bought More Realty Income (O) Stock. Here's How Many Shares It Takes to Collect $1,000 a Month.
It's Y2K Again: Why Income Investments Win As The Fed Repeats A Dot-Com Error
5 Monthly Dividend Stocks Retirees Should Consider This Month
High-Yield REITs vs. 10-Year Treasuries: Which Is the Better Buy?
A 4.26% I Bond or a 5.56% Dividend Stock? Here’s What Retirees Should Know
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Retail REITs
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.