Financial Performance
5Y price score: (21)
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 37.8%
%
ㅤ
By default your notes are visible only to you.
53.1
52-week range
67.9
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
4.5 %
Dividend Yield TTM
6 %
Market cap $
$ 50,513
Price / Earnings TTM
39.5
Price / Book TTM
1.3
PEG TTM
2
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
(2.3) %
6.5 %
37.8 %
Free cash flow per share growth
(174.1) %
37.8 %
53.2 %
Earnings per share growth
68.2 %
2.6 %
7.3 %
Founded: 1,969
Employees: 468
Business Summary:
Q&A
Contribute
By providing well-researched and detailed answer you increase your chance of becoming Top Contributor. TopFunds is free for all top contributors. Learn more
Latest Earnings Call Takeaways
2026 Q2 (Aug 5, 2026)
1) Strategy & Leadership - Realty Income continues to execute a diversified investment strategy, focusing on being a trusted capital partner to leading companies. - The company reported a 3.8% YoY growth in AFFO per share to $1.09 for Q2 2026, with a year-to-date AFFO per share of $2.22, reflecting a 5.2% increase from the same period in 2025. - The company is increasing its full-year AFFO per share guidance to a range of $4.44 to $4.45, indicating confidence in its growth trajectory.
2) Financial & Segment Results - Global investments totaled approximately $2.6 billion in Q2, with $2.1 billion at pro rata share and an initial weighted average cash yield of 7.3%. - U.S. investments accounted for about $1.7 billion, with a weighted average cash yield of 7.4%, primarily in industrial assets (75% of U.S. investments). - The company has increased its 2026 investment volume guidance from $9.5 billion to $10 billion, supported by a robust pipeline.
| Metric | Q2 2026 | YoY Change |
|---|---|---|
| AFFO per Share | $1.09 | +3.8% |
| Year-to-Date AFFO per Share | $2.22 | +5.2% |
| Global Investments | $2.6 billion | - |
| U.S. Investments | $1.7 billion | - |
| 2026 Investment Guidance | $10 billion | +$0.5 billion |
3) Operational Plans & Market Dynamics - The company is focusing on industrial assets, which represented 65% of global real estate investments, benefiting from improving fundamentals and contractual rent escalators of 2%-3.5% annually. - Realty Income is also expanding its presence in Europe, where investment activity has improved despite earlier geopolitical uncertainties. - The joint venture with Cloud Capital for data centers is expected to enhance growth, with Realty Income planning to invest up to $1.4 billion over time.
4) Problems / Headwinds - The company faces competitive dynamics in the U.S. market, which may keep cap rates lower despite rising interest rates. - There is a cautious outlook in the UK market due to higher costs of debt, although institutional capital is still entering the market, keeping cap rates stable. - The watch list for credit quality remains stable, but the company is monitoring potential risks, particularly in sectors like home furnishings and casual dining.
5) Guidance & Outlook / Investor Angle - Realty Income maintains a strong balance sheet with $3.5 billion in available liquidity and a net debt to annualized pro forma adjusted EBITDA of 5.4x. - The company is focused on capital recycling to enhance portfolio quality, with investment-grade client exposure increasing to 34% of annualized rent. - The guidance for lease termination income remains unchanged at $45 million to $50 million for the year, with expectations for continued momentum throughout 2026.
Bottom line: Realty Income's diversified investment strategy and robust pipeline position it well for continued growth, with increased AFFO guidance and a strong balance sheet. The focus on industrial assets and strategic capital recycling enhances its long-term value proposition for shareholders.
Annual Reports, Presentations And IR Contacts
Go to the websiteRealty Income — Financial Overview, Stock Price, Market Cap
Realty Income is a company. Founded in 1969. As of October 9, 2026, the company's market capitalization is $50513145810 with a current stock price of $54.17.