US · USD

O

Realty Income Corporation

$53.53-1.42% (-$0.77)Updated 10/1/26, 5:29 PM

Day's range: $53.33 – $54.32
Day's volume: $601.6M
52-week range: $53.44 – $65.50

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O in numbers

Market cap: $50.7B

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

10/02/202510/01/2026

Compare with

O risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-5.33%	+28.45%	+12.01%
Volatility (annualized)	22.41%	19.60%	20.23%
Largest drawdown	-16.40%	-16.40%	-31.76%
Positive months	5/12	19/36	31/60

How much did investing in O return?

Amount invested

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

Value today in O: $1,120.13

Return over the period: +12.01%

Return per year: +2.30%

In the S&P 500: $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
$41.80

Debt

Net debt
$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 $53.53.

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

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: $50.65; 5.37% below the price

$3.04 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

O's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	49.65	55.32	56.68	48.19	117.77	58.70	56.28	52.67
P/B	1.33	1.23	1.50	1.46	1.69	2.11	2.51	2.37
Dividend yield	5.71%	5.85%	5.31%	4.68%	3.96%	4.63%	3.68%	4.18%
Earnings per share	$1.14	$0.97	$1.01	$1.32	$0.61	$1.06	$1.31	$1.20
Book value per share	$42.30	$43.57	$38.25	$43.47	$42.37	$29.42	$29.30	$26.63
ROE	2.68%	2.22%	2.65%	3.03%	1.43%	3.60%	4.47%	4.50%
Net margin	18.41%	16.33%	21.39%	26.00%	17.28%	24.01%	29.33%	27.38%

O's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$5.7B	$5.3B	$4.1B	$3.3B	$2.1B	$1.6B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$1.2B	$933.9M	$928.9M	$917.6M	$392.4M	$411.2M
Income tax	-$85.3M	-$66.6M	-$52M	-$45.2M	-$31.7M	-$14.7M
Net income	$1.1B	$860.8M	$872.3M	$869.4M	$359.5M	$395.5M

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

Does O pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/29/2026	10/15/2026	$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
Type	Last day to own	Payment	Per share
Dividend	08/28/2026	09/15/2026	$0.27
Dividend	07/30/2026	08/14/2026	$0.27
Dividend	06/29/2026	07/15/2026	$0.27
Dividend	05/28/2026	06/15/2026	$0.27
Dividend	04/29/2026	05/15/2026	$0.27
Dividend	03/30/2026	04/15/2026	$0.27
Dividend	02/26/2026	03/13/2026	$0.27
Dividend	01/29/2026	02/13/2026	$0.27
Dividend	12/30/2025	01/15/2026	$0.27
Dividend	11/27/2025	12/15/2025	$0.27
Dividend	10/30/2025	11/14/2025	$0.27
Dividend	09/30/2025	10/15/2025	$0.27

See all 119 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	09/01/2025	09/15/2025	$0.27
Dividend	07/31/2025	08/15/2025	$0.27
Dividend	06/30/2025	07/15/2025	$0.27
Dividend	05/30/2025	06/13/2025	$0.27
Dividend	04/30/2025	05/15/2025	$0.27
Dividend	03/31/2025	04/15/2025	$0.27
Dividend	02/28/2025	03/14/2025	$0.27
Dividend	01/31/2025	02/14/2025	$0.26
Dividend	01/01/2025	01/15/2025	$0.26
Dividend	11/29/2024	12/13/2024	$0.26
Dividend	10/31/2024	11/15/2024	$0.26
Dividend	09/30/2024	10/15/2024	$0.26
Dividend	09/02/2024	09/13/2024	$0.26
Dividend	07/31/2024	08/15/2024	$0.26
Dividend	06/28/2024	07/15/2024	$0.26
Dividend	05/31/2024	06/14/2024	$0.26
Dividend	04/29/2024	05/15/2024	$0.26
Dividend	03/27/2024	04/15/2024	$0.26
Dividend	02/28/2024	03/15/2024	$0.26
Dividend	01/30/2024	02/15/2024	$0.26
Dividend	12/28/2023	01/12/2024	$0.26
Dividend	11/29/2023	12/15/2023	$0.26
Dividend	10/30/2023	11/15/2023	$0.26
Dividend	09/28/2023	10/13/2023	$0.26
Dividend	08/30/2023	09/15/2023	$0.26
Dividend	07/28/2023	08/15/2023	$0.26
Dividend	06/29/2023	07/14/2023	$0.26
Dividend	05/30/2023	06/15/2023	$0.26
Dividend	04/27/2023	05/15/2023	$0.26
Dividend	03/30/2023	04/14/2023	$0.26
Dividend	02/27/2023	03/15/2023	$0.25
Dividend	01/30/2023	02/15/2023	$0.25
Dividend	12/29/2022	01/13/2023	$0.25
Dividend	11/29/2022	12/15/2022	$0.25
Dividend	10/28/2022	11/15/2022	$0.25
Dividend	09/29/2022	10/14/2022	$0.25
Dividend	08/30/2022	09/15/2022	$0.25
Dividend	07/28/2022	08/15/2022	$0.25
Dividend	06/29/2022	07/15/2022	$0.25
Dividend	05/30/2022	06/15/2022	$0.25
Dividend	04/28/2022	05/13/2022	$0.25
Dividend	03/30/2022	04/15/2022	$0.25
Dividend	02/25/2022	03/15/2022	$0.25
Dividend	01/28/2022	02/15/2022	$0.25
Dividend	12/30/2021	01/14/2022	$0.25
Dividend	11/29/2021	12/15/2021	$0.25
Dividend	10/29/2021	11/15/2021	$0.24
Dividend	09/29/2021	10/15/2021	$0.24
Dividend	08/30/2021	09/15/2021	$0.24
Dividend	07/29/2021	08/13/2021	$0.24
Dividend	06/29/2021	07/15/2021	$0.24
Dividend	05/27/2021	06/15/2021	$0.24
Dividend	04/29/2021	05/14/2021	$0.24
Dividend	03/30/2021	04/15/2021	$0.24
Dividend	02/25/2021	03/15/2021	$0.23
Dividend	01/28/2021	02/16/2021	$0.23
Dividend	12/30/2020	01/15/2021	$0.23
Dividend	11/27/2020	12/15/2020	$0.23
Dividend	10/29/2020	11/13/2020	$0.23
Dividend	09/29/2020	10/15/2020	$0.23
Dividend	08/28/2020	09/15/2020	$0.23
Dividend	07/30/2020	08/14/2020	$0.23
Dividend	06/29/2020	07/15/2020	$0.23
Dividend	05/28/2020	06/15/2020	$0.23
Dividend	04/29/2020	05/15/2020	$0.23
Dividend	03/30/2020	04/15/2020	$0.23
Dividend	02/27/2020	03/13/2020	$0.23
Dividend	01/30/2020	02/14/2020	$0.23
Dividend	12/30/2019	01/15/2020	$0.22
Dividend	11/28/2019	12/13/2019	$0.22
Dividend	10/30/2019	11/15/2019	$0.22
Dividend	09/27/2019	10/15/2019	$0.22
Dividend	08/29/2019	09/13/2019	$0.22
Dividend	07/30/2019	08/15/2019	$0.22
Dividend	06/27/2019	07/15/2019	$0.22
Dividend	05/30/2019	06/14/2019	$0.22
Dividend	04/29/2019	05/15/2019	$0.22
Dividend	03/28/2019	04/15/2019	$0.22
Dividend	02/27/2019	03/15/2019	$0.22
Dividend	01/30/2019	02/15/2019	$0.22
Dividend	12/28/2018	01/15/2019	$0.21
Dividend	11/29/2018	12/14/2018	$0.21
Dividend	10/30/2018	11/15/2018	$0.21
Dividend	09/27/2018	10/15/2018	$0.21
Dividend	08/30/2018	09/14/2018	$0.21
Dividend	07/30/2018	08/15/2018	$0.21
Dividend	06/28/2018	07/13/2018	$0.21
Dividend	05/30/2018	06/15/2018	$0.21
Dividend	04/27/2018	05/15/2018	$0.21
Dividend	03/28/2018	04/13/2018	$0.21
Dividend	02/27/2018	03/15/2018	$0.21
Dividend	01/30/2018	02/15/2018	$0.21
Dividend	12/28/2017	01/12/2018	$0.21
Dividend	11/29/2017	12/15/2017	$0.21
Dividend	10/30/2017	11/15/2017	$0.21
Dividend	09/28/2017	10/13/2017	$0.21
Dividend	08/29/2017	09/15/2017	$0.21
Dividend	07/27/2017	08/15/2017	$0.21
Dividend	06/28/2017	07/14/2017	$0.21
Dividend	05/29/2017	06/15/2017	$0.20
Dividend	04/26/2017	05/15/2017	$0.20
Dividend	03/29/2017	04/14/2017	$0.20
Dividend	02/24/2017	03/15/2017	$0.20
Dividend	01/27/2017	02/15/2017	$0.20
Dividend	12/28/2016	01/13/2017	$0.20
Dividend	11/28/2016	12/15/2016	$0.20
Dividend	10/27/2016	11/15/2016	$0.20

About Realty Income

Sector: Finance, insurance and real estate

Questions about O

How much is O today?

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

How much did O pay in dividends in 2025?

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

When is the next O dividend?

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

How much did O return in 12 months?

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