Market Summary
USD62.61+0.57
Market Closed0.92%
O Stock Price
O RSI Chart
O Valuation
O Price/Sales (Trailing)
O Profitability
O Fundamentals
O Revenue
O Earnings
Price Action
52 Week Range
55.2874.22
(Low)(High)
Last 7 days
5.4%
Last 30 days
-2.1%
Last 90 days
-1.3%
Trailing 12 Months
-8.3%
O Financial Health
O Investor Care
Peers (Alternatives to Realty Income)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 51.6B | 4.2B | -1.44% | -22.08% | 11.87 | 12.35 | 22.43% | 122.66% |
DLR | 27.2B | 4.7B | -9.28% | -32.35% | 72.05 | 5.8 | 5.96% | -77.90% |
EQR | 22.1B | 2.7B | -6.38% | -34.89% | 28.51 | 8.16 | 11.91% | -41.71% |
ARE | 21.2B | 2.6B | -17.23% | -37.62% | 40.58 | 8.18 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 26.61% | -85.07% |
| MID-CAP | ||||||||
FRT | 7.8B | 1.1B | -10.62% | -21.33% | 20.14 | 7.23 | 12.95% | 47.42% |
KRG | 4.4B | 802.0M | -7.55% | -9.74% | -348.31 | 5.49 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -24.12% | -65.61% | -8.31 | 1.6 | 13.26% | -296.88% |
MAC | 2.2B | 859.2M | -14.73% | -33.89% | -33.2 | 2.55 | 1.38% | -563.21% |
| SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | -0.74% | 11.36% | 23.04 | 4.64 | 3.35% | 1705.32% |
SLG | 1.5B | 826.7M | -33.86% | -70.35% | -18.88 | 1.78 | -2.04% | -117.36% |
AIV | 1.1B | 190.3M | -2.00% | -1.08% | 11.69 | 5.66 | 12.08% | 1950.56% |
PGRE | 961.5M | 740.4M | -15.75% | -58.73% | -26.41 | 1.3 | 1.87% | -78.85% |
Financials for Realty Income
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 6.5% | 3,344 | 3,140 | 2,793 | 2,446 | 2,080 |
| S&GA Expenses | 5.3% | 138 | 131 | 121 | 109 | 97.00 |
| EBITDA | 13.3% | 3,053 | 2,695 | 2,344 | 1,981 | - |
| EBITDA Margin | 6.4% | 0.91* | 0.86* | 0.84* | 0.81* | - |
| Earnings Before Taxes | 32.1% | 918 | 694 | 605 | 501 | 392 |
| EBT Margin | 24.1% | 0.27* | 0.22* | 0.22* | 0.20* | - |
| Interest Expenses | 7.0% | 465 | 435 | 393 | 357 | 324 |
| Net Income | 34.5% | 869 | 646 | 562 | 463 | 359 |
| Net Income Margin | 26.4% | 0.26* | 0.21* | 0.20* | 0.19* | - |
| Free Cahsflow | 12.2% | 2,564 | 2,285 | 1,998 | 1,569 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 8.2% | 49,673 | 45,892 | 44,952 | 44,062 | 43,138 |
| Cash Equivalents | -8.9% | 171 | 188 | 173 | 152 | 259 |
| Goodwill | 0% | 3,731 | 3,731 | 3,731 | 3,712 | 3,677 |
| Liabilities | 9.5% | 20,830 | 19,028 | 18,549 | 18,483 | 18,008 |
| Shareholder's Equity | 7.4% | 28,713 | 26,737 | 26,403 | 25,579 | 25,053 |
| Shares Outstanding | 5.3% | 660 | 627 | 618 | 602 | 591 |
| Minority Interest | 2.4% | 130 | 127 | 76.00 | 77.00 | 77.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 12.2% | 2,564 | 2,285 | 1,998 | 1,569 | 1,322 |
| Share Based Compensation | -53.0% | 22.00 | 46.00 | 45.00 | 43.00 | 42.00 |
| Cashflow From Investing | -13.9% | -8,387 | -7,363 | -7,332 | -6,861 | -6,437 |
| Cashflow From Financing | 17.6% | 5,738 | 4,879 | 5,346 | 5,328 | 4,577 |
| Dividend Payments | 5.8% | 1,813 | 1,714 | 1,529 | 1,347 | 1,169 |
Risks for O
What is the probability of a big loss on O?
30.8%
Probability that Realty Income stock will be more than 20% underwater in next one year
19.6%
Probability that Realty Income stock will be more than 30% underwater in next one year.
19.2%
Probability that Realty Income stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does O drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Realty Income was unfortunately bought at previous high price.
Drawdowns
Returns for O
Cumulative Returns on O
8.1%
10-Year Cumulative Returns
4.6%
7-Year Cumulative Returns
8.7%
5-Year Cumulative Returns
11.0%
3-Year Cumulative Returns
What are the long-term rolling returns for O?
FIve years rolling returns for Realty Income.
Annualized Returns
Which funds bought or sold O recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-27 | Neo Ivy Capital Management | added | 177 | 162,000 | 242,000 | 0.16% |
2023-03-23 | MetLife Investment Management, LLC | reduced | -0.08 | 848,664 | 10,389,400 | 0.08% |
2023-03-22 | Campion Asset Management | added | 9.24 | 48,830 | 303,830 | 0.30% |
2023-03-17 | American Portfolios Advisors | reduced | -1.53 | -190,138 | 995,317 | 0.04% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 16.88 | 145,073 | 667,073 | 0.02% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 8.11 | 6,933,140 | 45,817,100 | 0.05% |
2023-03-10 | MATHER GROUP, LLC. | added | 6.99 | 70,429 | 493,429 | 0.01% |
2023-03-10 | Financial Alternatives, Inc | new | - | 720,147 | 720,147 | 0.72% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -2.05 | 1,539,000 | 24,315,000 | 0.12% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | added | 17.29 | 20,213 | 91,213 | 0.05% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Realty Income News
Schedule 13G FIlings of Realty Income
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | cohen & steers, inc. | 6.23% | 39,059,120 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 16.07% | 100,758,107 | SC 13G/A | |
| Jan 31, 2023 | state street corp | 8.01% | 50,254,953 | SC 13G/A | |
| Jan 27, 2023 | blackrock inc. | 9.4% | 58,673,834 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.4% | 58,673,834 | SC 13G/A | |
| Feb 14, 2022 | cohen & steers, inc. | 5.42% | 30,692,746 | SC 13G | |
| Feb 11, 2022 | state street corp | 7.39% | 41,840,187 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 15.79% | 89,344,766 | SC 13G/A | |
| Feb 07, 2022 | blackrock inc. | 13.7% | 55,379,434 | SC 13G/A | |
| Nov 24, 2021 | blackrock inc. | 10.4% | 41,912,450 | SC 13G/A |
O Fair Value
Realty Income fair value in different scenarios
The table shows the Fair Value estimates for Realty Income for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 37.49 -40.12% | 44.15 -29.48% | 62.04 -0.91% | 78.49 25.36% | 103.85 65.87% |
| Current Inflation | 35.01 -44.08% | 40.62 -35.12% | 55.73 -10.99% | 69.39 10.83% | 90.54 44.61% |
| Very High Inflation | 31.97 -48.94% | 36.38 -41.89% | 48.35 -22.78% | 58.90 -5.93% | 75.37 20.38% |
Historical Realty Income Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Realty Income
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 01, 2023 | 4 | Insider Trading | |
| Feb 22, 2023 | 10-K | Annual Report | |
| Feb 21, 2023 | 8-K | Current Report | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for O
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-27 | Abraham Neil | sold | -1,738,120 | 65.3428 | -26,600 | see remarks |
2023-02-13 | Abraham Neil | acquired | - | - | 29,205 | see remarks |
2023-02-13 | Roy Sumit | sold (taxes) | -1,615,560 | 67.15 | -24,059 | president, ceo & director |
2023-02-13 | Hagan Mark E | acquired | - | - | 27,841 | evp, chief investment officer |
2023-02-13 | Roy Sumit | acquired | - | - | 115,598 | president, ceo & director |
2023-02-13 | Nugent Sean | acquired | - | - | 2,383 | see remarks |
2023-02-13 | Bushore Michelle | acquired | - | - | 10,745 | see remarks |
2023-02-13 | Bushore Michelle | sold (taxes) | -85,347 | 67.15 | -1,271 | see remarks |
2023-02-13 | Abraham Neil | sold (taxes) | -390,410 | 67.15 | -5,814 | see remarks |
2023-02-13 | Kelly Christie B. | acquired | - | - | 11,669 | evp, cfo & treasurer |
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 owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.
O Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| REVENUE | |||
| Rental (including reimbursable) | $ 3,299,657 | $ 2,064,958 | $ 1,639,533 |
| Other | 44,024 | 15,505 | 7,554 |
| Total revenue | 3,343,681 | 2,080,463 | 1,647,087 |
| EXPENSES | |||
| Depreciation and amortization | 1,670,389 | 897,835 | 677,038 |
| Interest | 465,223 | 323,644 | 309,336 |
| Property (including reimbursable) | 226,330 | 133,605 | 104,603 |
| General and administrative | 138,459 | 96,980 | 73,215 |
| Provisions for impairment | 25,860 | 38,967 | 147,232 |
| Merger and integration-related costs | 13,897 | 167,413 | 0 |
| Total expenses | 2,540,158 | 1,658,444 | 1,311,424 |
| Gain on sales of real estate | 102,957 | 55,798 | 76,232 |
| Foreign currency and derivative (loss) gain, net | (13,311) | 710 | 4,585 |
| Gain (loss) on extinguishment of debt | 367 | (97,178) | (9,819) |
| Equity in income and impairment of investment in unconsolidated entities | (6,448) | 1,106 | 0 |
| Other income, net | 30,511 | 9,949 | 4,538 |
| Income before income taxes | 917,599 | 392,404 | 411,199 |
| Income taxes | (45,183) | (31,657) | (14,693) |
| Net income | 872,416 | 360,747 | 396,506 |
| Net income attributable to noncontrolling interests | (3,008) | (1,291) | (1,020) |
| Net income available to common stockholders | $ 869,408 | $ 359,456 | $ 395,486 |
| Amounts available to common stockholders per common share: | |||
| Net income, basic (in dollars per share) | $ 1.42 | $ 0.87 | $ 1.15 |
| Net income, diluted (in dollars per share) | $ 1.42 | $ 0.87 | $ 1.14 |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 611,765,815 | 414,535,283 | 345,280,126 |
| Diluted (in shares) | 612,180,519 | 414,769,846 | 345,415,258 |
| Other comprehensive income: | |||
| Net income available to common stockholders | $ 869,408 | $ 359,456 | $ 395,486 |
| Foreign currency translation adjustment | (55,154) | 9,119 | (2,606) |
| Unrealized gain (loss) on derivatives, net | 97,054 | 50,448 | (34,926) |
| Other comprehensive income (loss) | 41,900 | 59,567 | (37,532) |
| Comprehensive income available to common stockholders | $ 911,308 | $ 419,023 | $ 357,954 |
O Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Real estate held for investment, at cost: | ||
| Land | $ 12,948,835 | $ 10,753,750 |
| Buildings and improvements | 29,707,751 | 25,155,178 |
| Total real estate held for investment, at cost | 42,656,586 | 35,908,928 |
| Less accumulated depreciation and amortization | (4,904,165) | (3,949,798) |
| Real estate held for investment, net | 37,752,421 | 31,959,130 |
| Real estate and lease intangibles held for sale, net | 29,535 | 30,470 |
| Cash and cash equivalents | 171,102 | 258,579 |
| Accounts receivable, net | 567,963 | 426,768 |
| Lease intangible assets, net | 5,168,366 | 5,275,304 |
| Goodwill | 3,731,478 | 3,676,705 |
| Investment in unconsolidated entities | 0 | 140,967 |
| Other assets, net | 2,252,227 | 1,369,579 |
| Total assets | 49,673,092 | 43,137,502 |
| LIABILITIES AND EQUITY | ||
| Distributions payable | 165,710 | 146,919 |
| Accounts payable and accrued expenses | 399,137 | 351,128 |
| Lease intangible liabilities, net | 1,379,436 | 1,308,221 |
| Other liabilities | 774,787 | 759,197 |
| Line of credit payable and commercial paper | 2,729,040 | 1,551,376 |
| Term loan, net | 249,755 | 249,557 |
| Mortgages payable, net | 853,925 | 1,141,995 |
| Notes payable, net | 14,278,013 | 12,499,709 |
| Total liabilities | 20,829,803 | 18,008,102 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock and paid in capital, par value $0.01 per share, 1,300,000,000 and 740,200,000 shares authorized, 660,300,195 and 591,261,991 shares issued and outstanding as of December 31, 2022, and 2021, respectively | 34,159,509 | 29,578,212 |
| Distributions in excess of net income | (5,493,193) | (4,530,571) |
| Accumulated other comprehensive income | 46,833 | 4,933 |
| Total stockholders’ equity | 28,713,149 | 25,052,574 |
| Noncontrolling interests | 130,140 | 76,826 |
| Total equity | 28,843,289 | 25,129,400 |
| Total liabilities and equity | $ 49,673,092 | $ 43,137,502 |