Realty Income's FFO per share rose from $0.92 in 2024Q4 to $1.11 in 2026Q3, a gain of roughly 21%, and NOI margins have held near 92-93% across most recent quarters, suggesting a resilient core rental model.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has moderated from 31.4% in 2024Q2 to 10.3% in 2026Q3 while NOI margins remained near 92-93% in most quarters, though the 11.1% and 82.1% readings in 2026Q1 and 2025Q4 appear to be outliers requiring verification.
Expectations that central banks, such as the Federal Reserve, will cut interest rates are a strong driver of the bull case. Lower rates reduce borrowing costs for companies and can make future earnings more valuable, supporting higher stock valuations.
Strong corporate earnings, especially in technology and AI sectors, are a significant factor. The belief that companies will continue to grow profits justifies higher stock prices.
The assumption that the economy will avoid a significant slowdown or contraction is crucial. Strong consumer spending and robust employment figures provide a solid foundation for the stock market.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 2, 2026 | $0.43+5.7% vs $0.41 | $1.6B+13.3% vs $1.4B |
Q3 2026 Aug 5, 2026 | $0.37-7.0% vs $0.40 | $1.4B+1.5% vs $1.4B |
Q2 2026 May 6, 2026 | $0.33-18.0% vs $0.40 | $1.4B+3.3% vs $1.4B |
Q1 2026 Feb 24, 2026 | $0.32-16.6% vs $0.38 | $1.4B+2.8% vs $1.4B |
A 5% Treasury yield may look attractive, but REITs offer more than dividends. REITs can grow their cash flows even when interest rates remain high. Historically low valuations could unlock significant upside over the coming years.
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Benchmark O against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Realty Income Corporation (O)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $59.04 | $55.05B | 39.76 | 9.07% | 23.15% | 3.4% | 5.47% | |
| $41.12 | $7.82B | 19.78 | 6.55% | 40.89% | 8.93% | 5.73% | |
| $69.87 | $8.39B | 36.08 | 16.42% | 29.78% | 3.72% | 4.38% | |
| $27.97 | $6.05B | 23.35 | 24.97% | 38.17% | 5.95% | 4.15% | |
| $28.56 | $1.77B | 17.54 | 9.02% | 42.37% | 8.93% | 6.74% | |
| $18.80 | $2.03B | 93.44 | 19.79% | 9.3% | 1.33% | 4.46% |
Realty Income Corporation (O) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Realty Income Corporation (O) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 2, 2026·SEC
Aug 5, 2026·SEC
Jul 13, 2026·SEC
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Realty Income Corporation (O) stock FAQ — growth, dividends, profitability & financials explained
Realty Income Corporation (O) reported $6.09B in revenue over the trailing twelve months. Revenue was $5.75B in fiscal year 2025. That is 9994% more than the $57.0M of fiscal year 1996.
Realty Income Corporation (O) grew revenue by 8.6% over the trailing twelve months, compared with the twelve months before.
Yes. Realty Income Corporation (O) earned $1.41B in net income over the trailing twelve months (a 23.2% net margin).
Yes. Realty Income Corporation (O) pays a dividend that yields 5.47% at the current price, a high yield.
Realty Income Corporation (O) had a return on equity (ROE) of 3.4% over the trailing twelve months. That is below the market's typical 10-15%.
Realty Income Corporation (O) generated Funds From Operations (FFO) of $3.97B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Realty Income Corporation (O) offers a 5.47% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
