REALTY INCOME CORP

Real Estate • CIK 0000726728

Market Cap

$56.11B

P/E (TTM)

50.1x

Rev Growth (TTM)

+9.8%

Net Margin (TTM)

18.9%

FCF Yield (TTM)

7.3%

FCF Margin (TTM)

69.0%

Filings your agent reads

Factsheet

Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.

8-KJun 20262 days agosource

8-KJun 20263 days agosource

8-KMay 20262026-05-22source

8-KMay 20262026-05-08source

10-QQ1 20262026-05-07source

Point your agent at O and it navigates these the same way — citing each number back to the filing.

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LATEST EARNINGS

•

Q4 FY2025

•

4 months ago

•View source

Revenue

$1.49B

+11.0%

Net Income

$296.10M

+48.3%

EPS

$0.32

+39.1%

Net

19.9%↑ +5.0%

•Fourth quarter investment volume of $2.4 billion represents a meaningful acceleration in activity.
•Introduced 2026 AFFO per share guidance of $4.38 - $4.42, representing annual growth of approximately 2.8% at the midpoint.
•Achieved a rent recapture rate of 104.9% on properties re-leased in Q4 2025.
•Portfolio occupancy remained strong at 98.9% as of December 31, 2025.

View Full Earnings →

Cash Flow Health

Free Cash Flow8/8 positive

TTM$4.1B

Q1 '26

$875M-27%

Q4 '25

$1.2B+28%

FCF Margin

TTM69.0%

Q1 '2656.5%-30%

Sector: 0.0%Top 10%

OCF Margin69.0%

OCF/NI3.64x

CapEx Coverage–

FCF Yield7.3%

FCF Growth (2Y)+14%

Cash Conversion Cycle

63 days

DSO: 63+DIO: 0−DPO: 0

View Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Shareholder Friendly

Total Shareholder YieldEst.

Est.5.3%

Div Yield5.3%

Est. Buyback1.2%

Strong capital returns to shareholders

Dividend & Payout Metrics

Dividend Yield (TTM)5.3%

FCF Payout Ratio73.4%

Free Cash Flow (TTM)$4.1B

Capital Return / FCF73.4%

Est. Dividends Paid (TTM)$3.0B

Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

—

P25MedianP75

(med: -0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

—

Asset Turnover

0.08x

8Q: 0.08x

Leverage (1+D/E)

1.65x

D/E: 0.65x

Asset & CapEx Efficiency

Asset-based ROIC formula

Valuation Analysis

Fair Value

Price-to-EarningsTTM

50.1x

Volatile

8Q: 196.3x-2028%

High PEG ratio (4.7x) suggests expensive for growth

Valuation Lenses

Earnings

50.1x

vs – sector

Cash Flow

14.5x

EV/FCF vs –

Growth-Adj

4.7xPEG

Expensive for growth

Quality-Adj

–P/E per %ROIC

ROIC: –

Shareholder Returns

Dividend

5.3%

Buyback

–

Total Yield

5.3%

Market Cap$56.11B

EV$59.13B

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

51/100

Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg

2.9%

8Q:–

Return on Invested Capital (ROIC)

–

8Q:–

vs Sector:-0.1%

Earnings Quality

Cash Conversion

3.64x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin–

Capital Efficiency

Invested Capital Turnover–

Working Capital

Cash Conversion Cycle63 days

Growth Quality & Momentum

Moderate Growth

Growth Quality Score

67/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

9.8%

OpInc Growth YoY

31.9%

EPS Growth YoY

10.6%

FCF 3Y CAGR

13.6%

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

—

Operating

—

Net

18.9%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

+50.0 pts

FCF: 69.0% | Net: 18.9%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate

Net Debt / EBITDA

–Net Debt: $24.95B

Interest Coverage

–

Leverage Metrics

Debt-to-Equity

0.65x

Balance sheet risk & solvency analysis