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Realty Income

O

Realty Income Corporation is a leading real estate investment trust (REIT) dedicated to providing shareholders with dependable monthly dividends.

Market cap
$58.96B+13.2%
Revenue$5.9B+9.8%
Net income$1.1B+15.5%
Free cash flow$3.9B+14.5%
EPS (diluted)$1.23+11.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$1.4B
EPS estimate$0.39

Financials

Q1 2026

Income statement

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Revenue$1.5B+12.2%
Net income$320.9M+28.5%
EPS (diluted)$0.33+17.9%

Balance sheet

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Cash & equivalents$373.5M+17.1%
Total debt$545.1M+3.7%
Total equity$39.1B+0.3%
Total assets$74.6B+6.9%

Cash flow

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Operating cash flow$874.5M+11.0%
CapEx$26.3M+14.9%
Free cash flow$848.2M+10.9%

Valuation & ratios

Valuation

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Market cap$58.96B+13.2%
Enterprise value$59.13B+14.1%
P/E52.2×-4.7×
P/S10×+0.4×

Profitability

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Net margin19.1%+0.9pp
FCF margin66.7%+2.7pp

Returns & leverage

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Return on equity2.9%+0.4pp
Debt / equity0.0×

Competitors

Profile

Realty Income Corporation is a leading real estate investment trust (REIT) dedicated to providing shareholders with dependable monthly dividends. The company acquires and manages a large-scale portfolio of single-tenant commercial properties under long-term, net lease agreements with high-quality corporate clients. Its core value proposition centers on generating stable cash flow from a diversified real estate portfolio to support a consistent dividend payout.

Competitive position

A dominant global REIT known for its 'Monthly Dividend Company' brand and a massive, diversified portfolio of over 15,000 properties.

GeographiesUnited States, United Kingdom, Europe
Customer segmentsEnterprise retail, Logistics and distribution, Technology infrastructure
Business modelTriple-net lease, Sale-leaseback, Asset management
SuppliersCapital markets for debt and equity, Commercial real estate brokers, Construction and development firms
CustomersNational and regional retail chains, Industrial logistics providers, Data center tenants
Listed1994
Employees418.0
CEOSumit Roy
FilingsSEC EDGAR

Questions, answered.

What is Realty Income's market cap?
Realty Income (O) has a market capitalization of $59.0B and trades on NYSE.
What is Realty Income's revenue and profitability?
Realty Income generated $5.9B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 19.1%, with free cash flow of $3.9B. These figures are based on the Q1 2026 filing.
Who are Realty Income's competitors?
Realty Income's key competitors include NNN REIT, Inc., W. P. Carey Inc., Agree Realty Corporation, and others. These companies compete in similar markets and product categories.
What subsidiaries does Realty Income have?
Realty Income's subsidiaries include Spirit Realty Capital, Inc..
Where is Realty Income headquartered?
Realty Income is headquartered in United States of America and employs approximately 418 people. It has been publicly traded since 1994.