Financial Performance
5Y price score: (12)
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: 36.6%
US$ Per
Share
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55.8
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
3.9 %
Dividend Yield TTM
5.1 %
Market cap $
$ 58,700
Price / Earnings TTM
45.9
Price / Book TTM
1.5
PEG TTM
2.4
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
14.8 %
12.1 %
36.6 %
Free cash flow per share growth
12.1 %
37.8 %
53.2 %
Earnings per share growth
19.4 %
2.6 %
7.3 %
Founded: 1,969
Employees: 468
Business Summary:
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 August 14, 2026, the company's market capitalization is $58700434350 with a current stock price of $62.95.