Realty Income Corporation (O)

Realty Income's stock has experienced modest movement, gaining less than 1% in the week leading up to October 25, 2025, and is up 14% year-to-date, with a 3% increase over the past month. Key events include consistent monthly dividend declarations, with a dividend of $0.2695 declared for November 14th, 2025. The company released quarterly earnings on August 6th, 2025, reporting $1.05 EPS, slightly missing estimates, but revenue exceeded expectations at $1.34 billion. Analyst ratings are divided, with a consensus "Hold" rating and an average target price of $62.58. Kim Hourihan was appointed to the Board of Directors on October 14, 2025. In September 2025, Realty Income raised debt to pay off notes due in November 2025.

Realty Income's business model, based on long-term net lease agreements, results in a stable revenue stream, mitigating significant demand seasonality. The triple net lease structure and focus on resilient sectors contribute to this stability, as evidenced by consistent monthly dividend payments.

Realty Income Corporation, known as "The Monthly Dividend Company," is a REIT specializing in freestanding, single-tenant commercial properties. Founded in 1969, its mission is to deliver monthly dividends supported by consistent cash flow. The company's properties are leased under long-term net lease agreements, where tenants cover property expenses, stabilizing Realty Income's cash flows. Its portfolio includes retail, industrial, office, and gaming properties, focusing on strong tenants and resilient demand. Key tenants include 7-Eleven, Dollar General, and Walgreens.

Realty Income has a significant geographic footprint with over 15,600 properties across all 50 U.S. states and a growing international presence, including properties in the U.K. and seven other European countries.

Realty Income maintains a strong brand reputation as "The Monthly Dividend Company," built on its consistent dividend record and membership in the S&P 500 Dividend Aristocrats index. Its reputation has been reinforced by strong operating performance, strategic expansion, and a resilient business model. However, some concerns have been raised about portfolio quality, interest rate sensitivity, and tenant issues.

Hedge funds and institutional investors own 70.81% of Realty Income's stock. Wealthfront Advisers LLC increased its holdings by 13% in Q2 2025, while Charles Schwab Investment Management Inc. also increased its position. Director Mary Hogan Preusse reduced her ownership by selling 11,000 shares.