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O

Realty Income Corporation

US$53.53-1.42% (-US$0.77)
Day's range
US$53.33 – US$54.32
Day's volume
US$601.6m
52-week range
US$53.44 – US$65.50

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See how O weighs in your net worth, what it has paid you and how far it is from your target allocation.

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O in numbers

Market cap
US$50.7bn
P/B
1.28
Dividend yield (12m)
6.07%

The 12-month dividend yield of O is 6.07%, above its 5-year average of 5.10%.

O price history

02/10/202501/10/2026
Compare with

O risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-5.33%+28.45%+12.01%
Volatility (annualised)22.41%19.60%20.23%
Largest drawdown-16.40%-16.40%-31.76%
Positive months5/1219/3631/60

How much did investing in O return?

US$1,000.00 invested on 01/09/2021 would be worth US$1,120.13 today.

Value today in O
US$1,120.13
Return over the period
+12.01%
Return per year
+2.30%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

O fundamentals

Valuation

  • P/E
    —
  • P/B
    1.28
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    8.51
  • P/EBIT
    —
  • P/S
    8.37
  • P/OCF
    12.16
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    US$41.80

Debt

  • Net debt
    US$847.4m
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.02
  • Debt/Equity
    0.04
  • Current ratio
    —
  • Quick ratio
    —
  • Cash ratio
    —

Efficiency

  • Gross margin
    —
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    —
  • Asset turnover
    0.08

Growth

  • Revenue CAGR (5 years)
    28.50%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is O's fair price?

Two classic value formulas, with today's numbers. The current price is US$53.53.

Graham's fair price
—
O's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$50.65
5.37% below the price

US$3.04 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

O indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E49.6555.3256.6848.19117.7758.7056.2852.67
P/B1.331.231.501.461.692.112.512.37
Dividend yield5.71%5.85%5.31%4.68%3.96%4.63%3.68%4.18%
Earnings per shareUS$1.14US$0.97US$1.01US$1.32US$0.61US$1.06US$1.31US$1.20
Book value per shareUS$42.30US$43.57US$38.25US$43.47US$42.37US$29.42US$29.30US$26.63
ROE2.68%2.22%2.65%3.03%1.43%3.60%4.47%4.50%
Net margin18.41%16.33%21.39%26.00%17.28%24.01%29.33%27.38%

O financial statements

Line202520242023202220212020
Net revenueUS$5.7bnUS$5.3bnUS$4.1bnUS$3.3bnUS$2.1bnUS$1.6bn
Cost of sales——————
Gross profit——————
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxUS$1.2bnUS$933.9mUS$928.9mUS$917.6mUS$392.4mUS$411.2m
Income tax-US$85.3m-US$66.6m-US$52m-US$45.2m-US$31.7m-US$14.7m
Net incomeUS$1.1bnUS$860.8mUS$872.3mUS$869.4mUS$359.5mUS$395.5m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does O pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend29/09/202615/10/2026US$0.27

Dividend yield per year

  • 4.44%2017
  • 4.18%2018
  • 3.68%2019
  • 4.63%2020
  • 3.96%2021
  • 4.68%2022
  • 5.31%2023
  • 5.85%2024
  • 5.71%2025
  • 4.55%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend28/08/202615/09/2026US$0.27
Dividend30/07/202614/08/2026US$0.27
Dividend29/06/202615/07/2026US$0.27
Dividend28/05/202615/06/2026US$0.27
Dividend29/04/202615/05/2026US$0.27
Dividend30/03/202615/04/2026US$0.27
Dividend26/02/202613/03/2026US$0.27
Dividend29/01/202613/02/2026US$0.27
Dividend30/12/202515/01/2026US$0.27
Dividend27/11/202515/12/2025US$0.27
Dividend30/10/202514/11/2025US$0.27
Dividend30/09/202515/10/2025US$0.27
See all 119 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend01/09/202515/09/2025US$0.27
Dividend31/07/202515/08/2025US$0.27
Dividend30/06/202515/07/2025US$0.27
Dividend30/05/202513/06/2025US$0.27
Dividend30/04/202515/05/2025US$0.27
Dividend31/03/202515/04/2025US$0.27
Dividend28/02/202514/03/2025US$0.27
Dividend31/01/202514/02/2025US$0.26
Dividend01/01/202515/01/2025US$0.26
Dividend29/11/202413/12/2024US$0.26
Dividend31/10/202415/11/2024US$0.26
Dividend30/09/202415/10/2024US$0.26
Dividend02/09/202413/09/2024US$0.26
Dividend31/07/202415/08/2024US$0.26
Dividend28/06/202415/07/2024US$0.26
Dividend31/05/202414/06/2024US$0.26
Dividend29/04/202415/05/2024US$0.26
Dividend27/03/202415/04/2024US$0.26
Dividend28/02/202415/03/2024US$0.26
Dividend30/01/202415/02/2024US$0.26
Dividend28/12/202312/01/2024US$0.26
Dividend29/11/202315/12/2023US$0.26
Dividend30/10/202315/11/2023US$0.26
Dividend28/09/202313/10/2023US$0.26
Dividend30/08/202315/09/2023US$0.26
Dividend28/07/202315/08/2023US$0.26
Dividend29/06/202314/07/2023US$0.26
Dividend30/05/202315/06/2023US$0.26
Dividend27/04/202315/05/2023US$0.26
Dividend30/03/202314/04/2023US$0.26
Dividend27/02/202315/03/2023US$0.25
Dividend30/01/202315/02/2023US$0.25
Dividend29/12/202213/01/2023US$0.25
Dividend29/11/202215/12/2022US$0.25
Dividend28/10/202215/11/2022US$0.25
Dividend29/09/202214/10/2022US$0.25
Dividend30/08/202215/09/2022US$0.25
Dividend28/07/202215/08/2022US$0.25
Dividend29/06/202215/07/2022US$0.25
Dividend30/05/202215/06/2022US$0.25
Dividend28/04/202213/05/2022US$0.25
Dividend30/03/202215/04/2022US$0.25
Dividend25/02/202215/03/2022US$0.25
Dividend28/01/202215/02/2022US$0.25
Dividend30/12/202114/01/2022US$0.25
Dividend29/11/202115/12/2021US$0.25
Dividend29/10/202115/11/2021US$0.24
Dividend29/09/202115/10/2021US$0.24
Dividend30/08/202115/09/2021US$0.24
Dividend29/07/202113/08/2021US$0.24
Dividend29/06/202115/07/2021US$0.24
Dividend27/05/202115/06/2021US$0.24
Dividend29/04/202114/05/2021US$0.24
Dividend30/03/202115/04/2021US$0.24
Dividend25/02/202115/03/2021US$0.23
Dividend28/01/202116/02/2021US$0.23
Dividend30/12/202015/01/2021US$0.23
Dividend27/11/202015/12/2020US$0.23
Dividend29/10/202013/11/2020US$0.23
Dividend29/09/202015/10/2020US$0.23
Dividend28/08/202015/09/2020US$0.23
Dividend30/07/202014/08/2020US$0.23
Dividend29/06/202015/07/2020US$0.23
Dividend28/05/202015/06/2020US$0.23
Dividend29/04/202015/05/2020US$0.23
Dividend30/03/202015/04/2020US$0.23
Dividend27/02/202013/03/2020US$0.23
Dividend30/01/202014/02/2020US$0.23
Dividend30/12/201915/01/2020US$0.22
Dividend28/11/201913/12/2019US$0.22
Dividend30/10/201915/11/2019US$0.22
Dividend27/09/201915/10/2019US$0.22
Dividend29/08/201913/09/2019US$0.22
Dividend30/07/201915/08/2019US$0.22
Dividend27/06/201915/07/2019US$0.22
Dividend30/05/201914/06/2019US$0.22
Dividend29/04/201915/05/2019US$0.22
Dividend28/03/201915/04/2019US$0.22
Dividend27/02/201915/03/2019US$0.22
Dividend30/01/201915/02/2019US$0.22
Dividend28/12/201815/01/2019US$0.21
Dividend29/11/201814/12/2018US$0.21
Dividend30/10/201815/11/2018US$0.21
Dividend27/09/201815/10/2018US$0.21
Dividend30/08/201814/09/2018US$0.21
Dividend30/07/201815/08/2018US$0.21
Dividend28/06/201813/07/2018US$0.21
Dividend30/05/201815/06/2018US$0.21
Dividend27/04/201815/05/2018US$0.21
Dividend28/03/201813/04/2018US$0.21
Dividend27/02/201815/03/2018US$0.21
Dividend30/01/201815/02/2018US$0.21
Dividend28/12/201712/01/2018US$0.21
Dividend29/11/201715/12/2017US$0.21
Dividend30/10/201715/11/2017US$0.21
Dividend28/09/201713/10/2017US$0.21
Dividend29/08/201715/09/2017US$0.21
Dividend27/07/201715/08/2017US$0.21
Dividend28/06/201714/07/2017US$0.21
Dividend29/05/201715/06/2017US$0.20
Dividend26/04/201715/05/2017US$0.20
Dividend29/03/201714/04/2017US$0.20
Dividend24/02/201715/03/2017US$0.20
Dividend27/01/201715/02/2017US$0.20
Dividend28/12/201613/01/2017US$0.20
Dividend28/11/201615/12/2016US$0.20
Dividend27/10/201615/11/2016US$0.20

About Realty Income

Sector
Finance, insurance and real estate

Questions about O

How much is O today?

O is at US$53.53 (-1.42% on the day), last traded on 01/10/2026.

How much did O pay in dividends in 2025?

O paid US$3.22 per share in 2025, a dividend yield of 5.71%.

When is the next O dividend?

The next announced payment is US$0.27 per share on 15/10/2026.

How much did O return in 12 months?

O returned -5.33% in 12 months, with annualised volatility of 22.41% and a largest drawdown of -16.40%.