Realty Income (O)
Real Estate · NYSE · US
Price as at 13 Aug 2026, 14:53 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Realty Income trades at $62.98, which is 32% above the $43.13 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 68 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 51.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
O dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $2.17 | 8 |
| 2025 | $3.49 | 13 |
| 2024 | $2.87 | 11 |
| 2023 | $3.06 | 12 |
| 2022 | $2.97 | 12 |
| 2021 | $2.77 | 12 |
| 2020 | $2.72 | 12 |
| 2019 | $2.64 | 12 |
| 2018 | $2.56 | 12 |
| 2017 | $2.46 | 12 |
| 2016 | $2.33 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
O earnings and analyst estimates
Recommendation mix, 24 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Realty Income
Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of June 30, 2026, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as "The Monthly Dividend Company" and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 674 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index for having increased our dividend for over 31 consecutive years. Realty Income Corporation was founded in 1969 and was incorporated in Maryland.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
O passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
11 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Parnassus Investments, PARNASSUS INVESTMENTS, LLC$721.23M · 1.9% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$102.58M · 0.1% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$40.25M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$34.68M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$30.42M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Realty Income (O) undervalued?
Against our fair value estimate of $43.13, O at $62.98 is 32% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own O?
11 of the institutions we track reported a position in O in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is O's P/E ratio?
O trades at 51.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Realty Income (O) pay a dividend?
Yes. Realty Income yields 5.14% at the current share price. It has paid $3.25 per share over the trailing twelve months. It has paid a dividend in each of the last 32 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its O data?
Fundamentals for O come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 13 Aug 2026, 14:53 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for O, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.