Realty Income Corp. (O): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 08:02 ET
Realty Income Corp. (O) closed at $58.71 on 15 September 2026, down 0.9%. The stock is down 6.4% over one month and down 2.8% over one year. It trades 13.6% below its 52-week high of $67.94. Analysts recorded 8 actions in the last 90 days; the median price target of $67 is 14.1% above the last close. The company last reported on 5 August 2026 for Q2 2026: EPS of $1.09 against an estimate of $1.09, on revenue of $1.5 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open O in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 8 analyst actions on O from 6 firms: 8 maintained or reiterated a view. Price targets were 3 raised and 5 lowered. The most recent targets from 9 firms range from $64 to $70, with a median of $67, 14.1% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 4 Sep 2026 | Barclays | Maintains Equal-Weight | $67.00 to $65.00 |
| 1 Sep 2026 | Wells Fargo | Maintains Equal-Weight | $65.00 to $64.00 |
| 7 Aug 2026 | RBC Capital | Maintains Outperform | $71.00 to $70.00 |
| 7 Aug 2026 | Evercore ISI Group | Maintains In-Line | $67.00 to $68.00 |
| 22 Jul 2026 | Barclays | Maintains Equal-Weight | $68.00 to $67.00 |
| 15 Jul 2026 | Wells Fargo | Maintains Equal-Weight | $64.00 to $65.00 |
| 6 Jul 2026 | Baird | Maintains Neutral | $64.00 to $65.00 |
| 18 Jun 2026 | Scotiabank | Maintains Sector Outperform | $72.00 to $67.00 |
| 1 Jun 2026 | Jefferies | Assumes Buy | $75.00 to $69.00 |
| 13 May 2026 | Mizuho | Maintains Neutral | $68.00 to $66.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 2 November 2026 after the close for Q3 2026, with EPS expected at $1.11 on revenue of $1.5 billion. Realty Income Corp. beat the EPS estimate in 3 of its last 5 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 5 Aug 2026 | $1.09 | $1.09 | 0.00% | $1.5B |
| Q1 2026 | 6 May 2026 | $1.10 | $1.13 | +2.73% | $1.5B |
| Q4 2025 | 24 Feb 2026 | $0.66 | $1.08 | +63.64% | $1.5B |
| Q3 2025 | 3 Nov 2025 | $0.67 | $1.08 | +61.19% | $1.5B |
| Q2 2025 | 6 Aug 2025 | $1.06 | $1.05 | -0.94% | $1.4B |
| Q1 2025 | 5 May 2025 | $1.06 | $1.06 | 0.00% | $1.4B |
| Q4 2024 | 24 Feb 2025 | $1.07 | $1.05 | -1.87% | $1.3B |
| Q3 2024 | 4 Nov 2024 | $1.05 | $1.05 | 0.00% | $1.3B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, Realty Income Corp. reported revenue of $1.5 billion and net income of $370.5 million. On a trailing twelve month basis the company shows revenue growth of 10.85%, a gross margin of 65.83%, an operating margin of N.A. and a return on equity of 3.31%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $1,547,711,000 |
| Selling, General & Administrative Expenses | $57,605,000 |
| Depreciation & Amortization | $644,677,000 |
| Pre-tax Income | $396,321,000 |
| Income Tax Expense | $25,808,000 |
| Net Income | $370,513,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $1,145,083,000 |
| Stock-based Compensation | $9,268,000 |
| Cash from Investing Activities | -$2,448,506,000 |
| Capital Expenditures | $57,192,000 |
| Cash from Financing Activities | $1,396,370,000 |
| Dividends Paid | $756,779,000 |
| Share Repurchases | $6,000 |
| Free Cash Flow | $1,087,891,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $552,648,000 |
| Restricted Cash | $58,594,000 |
| Other Receivables | $176,158,000 |
| Operating Lease Right-of-Use Assets | $578,487,000 |
| Goodwill Intangible Assets, Net | $10,548,905,000 |
| Total Assets | $76,441,475,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Total Short-term Debt | $1,400,000,000 |
| Operating Lease Liabilities, Long-term | $414,231,000 |
| Finance Lease Liabilities | $114,306,000 |
| Minority Interest | $2,384,520,000 |
| Total Liabilities | $34,507,398,000 |
| Common Stock | $50,845,906,000 |
| Other Accumulated Comprehensive Income | $94,802,000 |
| Total Stockholders Equity | $39,549,557,000 |
| Total Liability & Stockholders Equity | $76,441,475,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.02 | 45th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.04 | 38th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Free Cashflow Margin Pct | 66.1% | 97th | Calculated as the ratio of Free Cashflow from Operating Activities / Net Sales. It measures how much per dollar of revenue the company is able to convert into free cash flow. |
| Gross Margin Pct | 65.8% | 78th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| PreTax Margin Pct | 23.1% | 81st | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 1.8% | 64th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 3.3% | 50th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| FCF Pct Growth | 12.9% | 54th | The Free Cash Flow growth rate over the trailing twelve months (TTM) |
| FCF Pct Growth 3 year CAGR | 49.4% | 64th | The Free Cash Flow compound annual growth rate (CAGR) over the past 3 years |
| FCF Pct Growth 5 year CAGR | 240.7% | 83rd | The Free Cash Flow compound annual growth rate (CAGR) over the past 5 years |
| FCF Return on Assets Pct | 5.4% | 70th | Calculated as the ratio of Cashflow from Operations / Total Assets. A high cash return on assets means a company is generating more cash flow from every asset dollar |
| Operating Cashflow Pct Growth | 13.8% | 56th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 14.5% | 66th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 28.7% | 90th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 42.3% | 69th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 14.5% | 67th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 29.3% | 88th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 10.9% | 63rd | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 18.0% | 80th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 28.5% | 88th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 6.9% | 50th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open O in FundSpec.
Insider activity
In the last 90 days insiders filed 2 transactions: 2 disposals covering 3,715 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 3,475 shares by Gregory Mclaughlin, Director on 10 September 2026, worth about $209,022 at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 10 Sep 2026 | Gregory Mclaughlin | Director | Disposal | 3,475 | $60.15 | $209K |
| 27 Jun 2026 | Neale Redington | See Remarks | Disposal | 240 | $63.12 | $15K |
| 21 May 2026 | Kimberly Hourihan | Director | Acquisition | 3,214 | ||
| 21 May 2026 | Mary Hogan Preusse | Director | Acquisition | 3,214 | ||
| 21 May 2026 | Priya Cherian Huskins | Director | Acquisition | 3,214 | ||
| 21 May 2026 | Jeff A Jacobson | Director | Acquisition | 3,214 | ||
| 21 May 2026 | Gerardo I Lopez | Director | Acquisition | 3,214 | ||
| 21 May 2026 | Michael D Mckee | Director | Acquisition | 3,214 | ||
| 21 May 2026 | Gregory Mclaughlin | Director | Acquisition | 3,214 | ||
| 21 May 2026 | Priscilla Almodovar | Director | Acquisition | 3,214 | ||
| 21 May 2026 | Reginald Harold Gilyard | Director | Acquisition | 3,214 | ||
| 21 May 2026 | A. Larry Chapman | Director | Acquisition | 3,214 | ||
| 2 Apr 2026 | Michelle Bushore | See Remarks | Disposal | 7,400 | $62.42 | $462K |
| 1 Apr 2026 | Gregory Mclaughlin | Director | Disposal | 3,275 | $61.87 | $203K |
| 26 Feb 2026 | Michelle Bushore | See Remarks | Acquisition | 7,698 |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 6 August 2026.
| Filed | Form | Document |
|---|---|---|
| 6 Aug 2026 | 10-Q | View on sec.gov |
| 7 May 2026 | 10-Q | View on sec.gov |
| 25 Feb 2026 | 10-K | View on sec.gov |
| 4 Nov 2025 | 10-Q | View on sec.gov |
| 7 Aug 2025 | 10-Q | View on sec.gov |
| 6 May 2025 | 10-Q | View on sec.gov |
| 25 Feb 2025 | 10-K | View on sec.gov |
| 5 Nov 2024 | 10-Q | View on sec.gov |
| 6 Aug 2024 | 10-Q | View on sec.gov |
| 7 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- REITs and Investment Holdings
- Industry
- Trading
- Headquarters
- San Diego, California
- Chief executive
- Sumit Roy
- Employees
- 400
- Website
- realtyincome.com
- SEC CIK
- 0000726728
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties.
Sector and peers
Realty Income Corp. is part of the REITs and Investment Holdings sector, which FundSpec tracks across 181 companies.
Companies in the same industry by market capitalization:
WELL Welltower Inc.PLD Prologis, Inc.EQIX Equinix Inc.AMT American Tower Corp. /Ma/SPG Simon Property Group Inc.DLR Digital Realty Trust, Inc.PSA Public StorageVTR Ventas, Inc.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for O are available to subscribers, with the same screen in the iOS and Android apps.
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