Company Analysis

Realty Income Corporation (O)

NYSE: O · Real Estate Investment Trusts · San Diego, CA · filing with the SEC since 1995
Grade6.0
◀ Past 6.9● Present 5.8▶ Future 5.6

The grade of Realty Income Corporation

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past6.925% of the headline
● Present5.845% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.9/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 70th percentile among 174 sector filers · read for itself

From the record

Realty Income Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.7/10

What has it actually done, year after year?

+20.5% a year over 10 filed years; profitable in 10 of 10.

weight 33% of this tense · 87th percentile among 156 sector filers · read for its customers

From the record

Realty Income Corporation's 10 filed years say what it did: revenue went from $421 million in fiscal 2011 to $5.7 billion in fiscal 2025, up 20.5% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span20.5%top 11% of its family
  • the share of years revenue rosetop 10% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.7/10

How has it treated the people who own it?

Share count grew 14.1% a year. 73% of cash flow returned. Insiders: 3 sales, 0 purchases.

weight 22% of this tense · 37th percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Realty Income Corporation's diluted share count grew about 14.1% a year, and dividends and buybacks returned about 73% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 15% of its family
  • cash returned against operating cash flowtop 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.8/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
4.9/10

Is it financially healthy right now?

ROE 3%: 3¢ of profit per shareholder dollar. Leverage 46%: owes 46¢ per asset dollar.

weight 45% of this tense · 49th percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Realty Income Corporation earned about 3 cents of profit for every dollar of shareholders' money. Leverage: it owed about 46 cents per dollar of assets, and net share issuance: its share count grew 5.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 22% of its family
  • return on equitybottom 40% of its family
  • the share count against the year beforebottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.0/10

How strong is its position in its industry?

top 20% of 157 in its family; net margin 18.4%.

weight 33% of this tense · 80th percentile among 157 sector filers · read for its customers

From the record

Realty Income Corporation's standing among 157 graded names in its industry family: revenue of $5.7 billion in fiscal 2025 ranks in the top 7% by size; a net margin of 18.4% ranks in the top 43%; revenue growth of 19.8% a year over the last 3 filed years ranks in the top 11% (its annual reports).

What it rests on

  • revenue against the family$5.75Btop 7% of its family
  • net margin18.4%top 43% of its family
  • three-year revenue growth19.8%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.3/10

What are the people in charge doing?

bottom 43% of 160 in its family for leadership; chief executive since 2018.

weight 22% of this tense · 43rd percentile among 160 sector filers · read for its shareholders

From the record

Realty Income Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Roy, Sumit (President, CEO & Director, as filed), filing under that title since 2018-10-18, 8.1 years (top 48% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 7 years (bottom 40%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (bottom 37%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 18 peoplebottom 37% of its family
  • the median years the people in charge have filed7.0 yearsbottom 40% of its family
  • the chief executive's years on the record8.1 yearstop 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
8.1/10

How much room does it have to grow?

top 19% of 146 in its family for room to expand.

weight 22% of this tense · 81st percentile among 146 sector filers · read for itself

From the record

Realty Income Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $521 million against no long-term debt tagged leaves 0.7% of its assets as net cash, top 29% of its family; cash from operations less capital spending is 69.5% of revenue (top 8%) (its annual report).

What it rests on

  • cash less debt against assets0.7%top 29% of its family
  • cash from operations less capital spending against revenue69.5%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.4/10

What could actually drive growth from here?

top 36% of 153 in its family for growth drivers.

weight 33% of this tense · 64th percentile among 153 sector filers · read for its customers

From the record

Realty Income Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 19.8% a year over the last three filed years against 20.5% over all 10, slowing (top 46% of its family); the newest year grew 9.1% (top 26%) (its annual reports). Realty Income Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-0.7 points a yeartop 46% of its family
  • the newest year's revenue growth9.1%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.7/10

Did its newest year beat what its own record pointed to?

bottom 37% of 150 in its family for expectations against reality.

weight 45% of this tense · 37th percentile among 150 sector filers · read for its shareholders

From the record

Realty Income Corporation's newest year against its own record: revenue of $5.7 billion in fiscal 2025 came in 13.1% below the $6.6 billion its prior three years' pace pointed to (bottom 17% of its family); net income of $1.1 billion against a prior three-year average of $867 million (top 46%); a net margin of 18.4% against 21.2% before (bottom 39%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-13.1%bottom 17% of its family
  • net income against the prior three years' average+22%top 46% of its family
  • net margin against its prior average-2.8 pointsbottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton O · research, not advice