Realty Income's revenue growth accelerated to 9.7% YoY in 2026Q2, driven by a $2.0B capex surge that expanded total assets 12% to $76.4B. FFO per share grew 23.3% to $1.11, but AFFO turned sharply negative at -$916.1M, suggesting potential one-time charges or ...
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 accelerated to 9.7% YoY in 2026Q2, but NOI margin volatility (swinging from 92.3% to 11.1% and back to 100%) and negative AFFO of -$916.1M raise questions about earnings quality.
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 9/24/2026, 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) |
|---|---|---|
Q3 2026Latest Aug 5, 2026 | $0.37-7.0% vs $0.40 | $1.4B+1.5% vs $1.4B |
Q2 2026 May 6, 2026 | $0.37-7.0% vs $0.40 | $1.4B+2.3% vs $1.4B |
Q1 2026 Feb 24, 2026 | $0.32-16.6% vs $0.38 | $1.4B+2.8% vs $1.4B |
Q4 2025 Nov 3, 2025 | $0.34-14.7% vs $0.40 | $1.5B+5.5% vs $1.4B |
A Roth IRA shelters the highest-yielding investments from the taxes that quietly gut their payouts outside that wrapper, but the capital required and the tradeoffs hiding inside each yield tier vary more than most investors expect.
Realty Income Corporation offers an attractive risk/reward profile with a 5.8% yield and a resilient operating backdrop after its recent pullback. O's stock trades at roughly 12.7x forward AFFO, with steady AFFO growth, high occupancy, and a manageable 73% payout ratio supporting its monthly dividend. Management raised 2026 AFFO and investment volume guidance, while expanding private capital partnerships to enhance funding flexibility and reduce reliance on equity issuance.
Many REITs are repriced to the downside and offer better yields. Yet this is just optics, as the underlying problem is very significant. The issue I see is that at the current valuations and market dynamics, REITs can't (or should not) be considered solid passive income investments.
Boomer income investors want one thing above the rest: reliable checks that land every month. This September lineup spreads that mandate across four distinct income engines: net-lease retail, industrial warehouses, lower-middle-market private credit, and buyout-focused private credit.
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 |
|---|---|---|---|---|---|---|---|
| $55.61 | $51.86B | 47.53 | 9.07% | 18.41% | 2.67% | 5.81% | |
| $41.33 | $7.86B | 19.97 | 6.55% | 40.35% | 8.7% | — | |
| $67.12 | $8.06B | 37.92 | 16.42% | 28.87% | 3.61% | — | |
| $26.87 | $5.81B | 20.99 | 24.97% | 40.35% | 6.34% | — | |
| $28.91 | $1.79B | 21.41 | 9.02% | 42.74% | 9.27% | — | |
| $18.37 | $1.89B | 224.02 | 19.79% | 6.43% | 0.95% | — |
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)
Aug 5, 2026·SEC
Jul 13, 2026·SEC
Jul 7, 2026·SEC
Get notified when O posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Realty Income Corporation (O) stock FAQ — growth, dividends, profitability & financials explained
Realty Income Corporation (O) reported $6.05B in revenue for fiscal year 2025. This represents a 10531% increase from $57.0M in 1996.
Realty Income Corporation (O) grew revenue by 9.1% over the past year. This is steady growth.
Yes, Realty Income Corporation (O) is profitable, generating $1.32B in net income for fiscal year 2025 (18.4% net margin).
Yes, Realty Income Corporation (O) pays a dividend with a yield of 5.81%. This makes it attractive for income-focused investors.
Realty Income Corporation (O) has a return on equity (ROE) of 2.7%. This is below average, suggesting room for improvement.
Realty Income Corporation (O) generated Funds From Operations (FFO) of $3.81B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Realty Income Corporation (O) offers a 5.81% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
