Realty Income offers stability and predictable income through its triple-net lease model, diversified tenant base, and long-term leases. Growth has historically been driven by acquisitions, but higher interest rates may limit future expansion and mute internal growth. Valuation is fair, profitability is strong, and the monthly dividend yield of 5.53% remains attractive for income-focused investors.
Realty Income Corporation's market price in near the midpoint of its 10-year trading history. Economic headwinds paired with rising counter-party risk raise valid concerns. However, we foresee O REIT deflecting most headwinds. A recent debt issuance pricing, commanding REIT's balance sheet metrics, and sustainable lease terms provide fundamental basis for a bullish argument.
Recently, Zacks.com users have been paying close attention to Realty Income Corp. (O). This makes it worthwhile to examine what the stock has in store.
![]() O In 2 weeks Announced | Monthly | $0.27 Per Share |
![]() O 2 weeks ago Paid | Monthly | $0.27 Per Share |
![]() O 1 month ago Paid | Monthly | $0.27 Per Share |
![]() O 2 months ago Paid | Monthly | $0.27 Per Share |
![]() O 3 months ago Paid | Monthly | $0.27 Per Share |
6 Aug 2025 (In 3 weeks) Date | | 0.35 Cons. EPS | - EPS |
5 May 2025 Date | | 0.33 Cons. EPS | 0.28 EPS |
25 Feb 2025 Date | | 0.39 Cons. EPS | 0.22 EPS |
18 Feb 2025 Date | | - Cons. EPS | - EPS |
4 Nov 2024 Date | | 0.36 Cons. EPS | 0.3 EPS |
![]() O In 2 weeks Announced | Monthly | $0.27 Per Share |
![]() O 2 weeks ago Paid | Monthly | $0.27 Per Share |
![]() O 1 month ago Paid | Monthly | $0.27 Per Share |
![]() O 2 months ago Paid | Monthly | $0.27 Per Share |
![]() O 3 months ago Paid | Monthly | $0.27 Per Share |
6 Aug 2025 (In 3 weeks) Date | | 0.35 Cons. EPS | - EPS |
5 May 2025 Date | | 0.33 Cons. EPS | 0.28 EPS |
25 Feb 2025 Date | | 0.39 Cons. EPS | 0.22 EPS |
18 Feb 2025 Date | | - Cons. EPS | - EPS |
4 Nov 2024 Date | | 0.36 Cons. EPS | 0.3 EPS |
REIT - Retail Industry | Real Estate Sector | Sumit Roy CEO | NYSE Exchange | 756109104 Cusip |
US Country | 468 Employees | 1 Aug 2025 Last Dividend | 15 Nov 2021 Last Split | 18 Oct 1994 IPO Date |
Realty Income, known as The Monthly Dividend Company, is a prominent member of the S&P 500 and the S&P 500 Dividend Aristocrats index, setting a high standard in the real estate investment trust (REIT) sector. In its commitment to delivering dependable, increasing monthly dividends, Realty Income invests in both people and places. Operating for over 55 years, the company has managed to declare 644 consecutive monthly dividends on its common stock and has increased its dividend 123 times since its public listing in 1994. This exemplary performance is underpinned by the company's acquisition of more than 15,450 real estate properties, which are primarily leased to commercial clients under long-term net lease agreements. This robust portfolio of properties, including those acquired in the Spirit merger in January 2024, provides a strong and stable cash flow which supports the company’s monthly dividend payments to its shareholders.
At the core of Realty Income's offerings is its commitment to providing shareholders with reliable, monthly dividends. This unique investment approach distinguishes Realty Income in the real estate sector, appealing to investors looking for regular income. The dividends, supported by the consistent cash flow from its extensive real estate portfolio, have seen an increase over time, showcasing the company’s robust financial health and dedication to shareholder value.
Realty Income's real estate assets are primarily leased under long-term net lease agreements. These agreements typically require the tenant to pay most, if not all, of the property expenses that normally would be paid by the property owner. Such expenses include real estate taxes, insurance, and maintenance. This leasing strategy significantly reduces Realty Income's operational risks and generates a steady, predictable revenue stream, which in turn supports its monthly dividend payments.
Structured as a Real Estate Investment Trust (REIT), Realty Income benefits from a favorable tax treatment, as it is required to distribute at least 90% of its taxable income to shareholders in the form of dividends. This structure aligns with Realty Income's commitment to maximize shareholder returns through regular dividend payments. The REIT status also allows investors to gain exposure to real estate, diversifying their investment portfolios without the need to directly manage properties.