Realty Income Corp
Research Realty Income Corp (O) on Bullrun: valuation model: 12.1% overvalued, market cap USD 59.45B, P/E 46.0, dividend yield 5.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerO
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Retail
- CurrencyUSD
- Valuation signal12.1% overvalued
- Market capUSD 59.45B
- P/E46.0
- Dividend yield5.3%
- Financial periodQ2 2026
- RevenueUSD 1.43B
- Net incomeUSD 343.96M
- Free cash flowUSD 1.15B
- Gross margin92.1%
Valuation Snapshot
Bullrun's latest valuation model marks Realty Income Corp as 12.1% overvalued; latest market cap is USD 59.45B; P/E is 46.0; dividend yield is 5.3%.
Peer valuation comparison
Latest P/E is 45.96x versus a Real Estate sector median of 14.84x (209.8% above).
Latest dividend yield is 5.25% versus a Real Estate sector median of 4.71% (11.6% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 5.75B | USD 1.06B | USD 3.99B | 93.7% | 1.17 | USD 434.84M | USD 29.35B | USD 39.44B |
| FY2024 | USD 5.27B | USD 860.77M | USD 3.57B | 90.7% | 0.98 | USD 444.96M | USD 26.76B | USD 38.84B |
| FY2023 | USD 4.08B | USD 872.31M | n/a | n/a | 1.26 | USD 232.92M | USD 21.99B | USD 32.94B |
| FY2022 | USD 3.34B | USD 869.41M | n/a | n/a | 1.42 | USD 171.10M | USD 15.95B | USD 28.71B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 59.45B | 46.0 | 5.2% | 3.25 |
| 2025 | 2025-12-31 | USD 52.65B | 48.6 | 6.2% | 3.49 |
| 2024 | 2024-12-31 | USD 47.62B | 54.5 | 5.4% | 2.86 |
| 2023 | 2023-12-29 | USD 41.57B | 43.5 | 5.9% | 3.36 |
| 2022 | 2022-12-30 | USD 39.78B | 59.3 | 5.1% | 3.25 |
| 2021 | 2021-12-31 | USD 42.33B | 76.2 | 3.9% | 2.8 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.25 USD, yield 5.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.22 USD |
| FY2024 | 3.13 USD |
| FY2023 | 3.05 USD |
| FY2022 | 2.97 USD |
About Realty Income Corp
Realty Income Corporation, 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 June 30, 2026, 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.
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Frequently asked questions
Is Realty Income Corp overvalued or undervalued?
Bullrun's valuation model currently marks Realty Income Corp as 12.1% overvalued.
What is Realty Income Corp's market cap?
Realty Income Corp's market capitalization is USD 59.45B.
What is Realty Income Corp's P/E ratio?
Realty Income Corp's price-to-earnings (P/E) ratio is 46.0.
Does Realty Income Corp pay a dividend?
Realty Income Corp has a dividend yield of 5.3%.
What does Realty Income Corp do?
Realty Income Corporation, 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 June 30, 2026, 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.