Realty Income Corp (O)
Realty Income Corp brought in $6.2B of revenue over the twelve months to September 30, 2026, up 10.8% from a year earlier. Net income was $1.4B, a net margin of 21.8%. Operating cash flow minus capital spending left $3.9B of free cash flow in fiscal 2025. At September 30, 2026 it held $368.5M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.
Key facts about Realty Income Corp
- Net worth
- Realty Income Corp has a market value (market cap) of $56.3B at the latest share price, and shareholders' equity of $39.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5.7B (+9.1% year on year), with net income of $1.1B. Over the 12 months to September 30, 2026: revenue $6.2B, net income $1.4B.
- Cash flow
- In fiscal 2025 operations brought in $4B of cash; after $131.8M of capital spending, free cash flow was $3.9B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Realty Income Corp's next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Realty Income Corp paid dividends of $3.22 per share in fiscal 2025, a yield of 5.40% at the current price.
What Realty Income Corp does
Realty Income is a real estate investment trust that acquires and manages freestanding commercial properties under long-term net lease agreements. It leases retail and industrial spaces to commercial clients like grocery stores, convenience chains, and pharmacies. The company is known for paying monthly cash dividends to its investors. Its shares trade on NYSE under the ticker O.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5.7B | $1.1B | $1.17 | $3.9B |
| 2024 | $5.3B | $860.8M | $0.98 | $3.5B |
| 2023 | $4.1B | $872.3M | $1.26 | $2.9B |
| 2022 | $3.3B | $869.4M | $1.42 | $2.5B |
| 2021 | $2.1B | $359.5M | $0.87 | $1.3B |
| 2020 | $1.6B | $395.5M | $1.14 | $1.1B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where O ranks in Real estate
Dividends
Realty Income Corp paid $3.22 per share in fiscal 2025. At the current price that is a yield of 5.40%. It paid out $2.9B in cash dividends, 276% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.22 | $2.9B | 276% |
| 2024 | $3.13 | $2.7B | 313% |
| 2023 | $3.05 | $2.1B | 242% |
| 2022 | $2.97 | $1.8B | 209% |
| 2021 | $2.83 | $1.2B | 325% |
| 2020 | $2.79 | $964.2M | 244% |
Latest SEC filings
What Realty Income Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 3, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 10% to $1.6B versus the same quarter last year; diluted EPS $0.43 versus $0.35.
- November 2, 2026
- August 25, 2026Other event 8-K
- August 14, 2026New debt 8-K
- August 12, 2026Other event 8-K
- August 11, 2026Other event 8-K
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 9.7% to $1.5B versus the same quarter last year; diluted EPS $0.37 versus $0.22.
- August 5, 2026
- July 13, 2026
What is O worth? A DCF from its reported cash flow
Insider trades
What the people running Realty Income Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $209K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 10, 2026 | McLaughlin GregoryDirector | Soldindirect | 3,475 | $209K |
| June 27, 2026 | Redington NealeSee Remarks | Shares withheld for tax | 240 | $15.1K |
| May 21, 2026 | Mckee Michael DDirector | Received as payindirect | 3,214 | - |
| May 21, 2026 | Lopez Gerardo IDirector | Received as pay | 3,214 | - |
| May 21, 2026 | Jacobson Jeff ADirector | Received as pay | 3,214 | - |
| May 21, 2026 | McLaughlin GregoryDirector | Received as payindirect | 3,214 | - |
| May 21, 2026 | Huskins Priya CherianDirector | Received as payindirect | 3,214 | - |
| May 21, 2026 | Chapman A. LarryDirector | Received as payindirect | 3,214 | - |
Who owns O
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 8.72% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 7.49% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,457 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 112,931,238 | +5,021,581 |
| Vanguard Portfolio Management LLC | 83,115,805 | +1,881,571 |
| State Street Corp | 65,929,425 | +2,166,180 |
| Vanguard Capital Management LLC | 60,848,009 | +724,589 |
| Geode Capital Management, LLC | 31,265,152 | +968,059 |
| Bank of America Corp | 19,117,994 | +1,785,859 |
| Morgan Stanley | 14,440,511 | -802,275 |
| Dimensional Fund Advisors LP | 13,479,666 | +461,447 |
| Charles Schwab Investment Management Inc | 13,069,240 | +880,584 |
| Norges Bank | 12,978,009 | new |
| Raymond James Financial Inc | 12,062,748 | -26,655 |
| Goldman Sachs Group Inc | 11,984,573 | +7,687,975 |
| Parnassus Investments, LLC | 11,640,278 | -2,502,033 |
| Northern Trust Corp | 11,068,868 | -416,356 |
| Legal & General Group Plc | 10,383,053 | -154,678 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 10,354,693 | +10,307,948 |
| Fmr LLC | 9,614,803 | +713,086 |
| APG Asset Management US Inc. | 8,921,361 | -16,111 |
| Invesco Ltd. | 8,314,586 | +128,081 |
| Jpmorgan Chase & Co | 6,221,941 | -7,611,952 |
Insiders
18 insiders reported holding 1,228,022 shares in total, about $73.1M at the last price.
| Holder | Shares |
|---|---|
| Roy SumitPresident, CEO & Director, Director | 458,147 |
| Mckee Michael DDirector | 144,046144,046 held indirectly |
| Hagan Mark EEVP, Chief Investment Officer | 109,288 |
| Abraham NeilSee Remarks | 103,548 |
| Bushore MichelleSee Remarks | 67,641 |
| Huskins Priya CherianDirector | 54,24654,246 held indirectly |
| Pong JonathanEVP, CFO & Treasurer | 43,291 |
| Whyte Gregory J.EVP, Chief Operating Officer | 34,923 |
| Lopez Gerardo IDirector | 34,846 |
| McLaughlin GregoryDirector | 34,73234,732 held indirectly |
Questions about O
What does Realty Income Corp do?
Realty Income is a real estate investment trust that acquires and manages freestanding commercial properties under long-term net lease agreements. It leases retail and industrial spaces to commercial clients like grocery stores, convenience chains, and pharmacies. The company is known for paying monthly cash dividends to its investors. Its shares trade on NYSE under the ticker O.
What is Realty Income Corp's net worth?
Realty Income Corp has a market value (market cap) of $56.3B at the latest share price, and shareholders' equity of $39.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Realty Income Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.4B on revenue of $6.2B, a net margin of 21.8%.
How much revenue does Realty Income Corp make?
Over the twelve months to September 30, 2026 Realty Income Corp reported revenue of $6.2B. That is 10.8% more than a year earlier.
When did Realty Income Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the executive or director change from November 6, 2026.
When is Realty Income Corp's next earnings report?
Realty Income Corp's next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Realty Income Corp pay a dividend?
Yes. Realty Income Corp paid dividends of $3.22 per share in fiscal 2025, a yield of 5.40% at the current price.
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Where the numbers come from
Financial figures are the values Realty Income Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.