Dividend Overview
Dividend Yield
5.10%
Dividend / Share
$3.18
Realty Income Corp
Exchange: NYSESector: Real EstateIndustry: REIT - Retail
Realty Income, 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 December 31, 2025, 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 669 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.
Did you know?
Price sits at 72% of its 52-week range.
Current Price
$62.21
+0.53%GoodMoat Value
$17.25
72.3% overvaluedProfile
Valuation (TTM)
Market Cap$57.23B
P/E54.06
EV$84.34B
P/B1.45
Shares Out919.91M
P/Sales9.95
Revenue$5.75B
EV/EBITDA17.82
Realty Income Corp (O) Dividends
GoodMoat Analysis
Realty Income's dividend profile presents a significant caution signal for a value investor. While the 5.29% yield is attractive and the company has a long history of dividend growth, the sustainability is questionable due to a negative free cash flow yield and a payout ratio that likely exceeds 100% of FCF.
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Realty Income Corp offers a high dividend yield of 5.29%, which is a key attraction for income investors. However, a deeper analysis using the GoodMoat Quality Indicators reveals critical concerns about sustainability. The company's Free Cash Flow (FCF) Yield is negative at -0.1%, indicating it is not generating the cash needed to cover its dividend payments. This directly contradicts a key quality metric, which looks for a positive and growing FCF. While the provided data lacks a direct payout ratio, a negative FCF yield strongly implies the dividend is being funded from sources other than operational cash flow, such as debt or equity issuance. The balance sheet, with a Debt/Equity ratio of 0.73, shows moderate leverage but does not offset the core FCF issue. Dividend growth, a hallmark of the company's past, is difficult to sustain under this cash generation profile. For a value investor focused on durable income, the dividend's reliance on external financing rather than strong internal cash flow is an unfavourable signal that warrants caution, despite the superficially high yield. Analysis based on data as of 2024-05-15.
Key Metrics
Market Cap
$57.23B
P/E Ratio
54.06
Forward P/E
—
EPS
$1.17
PEG Ratio
1.24
Book Value
$42.87
Dividend Yield
5.10%
Profit Margin
18.41%
ROE
2.68%
Dividend History
Dividend Safety
O Dividend Analysis
Realty Income Corp (O) dividend analysis including yield, payout history, and sustainability metrics. The current dividend yield is 5.10%. The annual dividend per share is $3.18.
P/E ratio: 54.06. Profit margin: 18.41%. Free cash flow: $-40.91M. This page shows Realty Income Corp's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.
GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported Realty Income Corp's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.