Realty Income (O) is trading up at $55.17 (+0.33%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.
One firm's current price target on Realty Income: $63.8 — 16% above the current $55.2. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.10B | $1.22B | $1.33B | $1.49B | $1.65B | $2.08B | $3.34B | $4.08B | $5.27B | $5.75B |
| Growth (year over year) | +12.9% | +10.2% | +9.2% | +12.1% | +10.7% | +26.3% | +60.7% | +22.0% | +29.2% | +9.1% |
| Net income | $315.6M | $318.8M | $363.6M | $436.5M | $395.5M | $359.5M | $869.4M | $872.3M | $860.8M | $1.06B |
| Net margin | 28.6% | 26.2% | 27.4% | 29.3% | 24.0% | 17.3% | 26.0% | 21.4% | 16.3% | 18.4% |
| EPS (diluted) | $1.13 | $1.10 | $1.26 | $1.38 | $1.14 | $0.87 | $1.42 | $1.26 | $0.98 | $1.17 |
| Balance sheet | ||||||||||
| Cash and equivalents | $9.42M | $6.90M | $10.4M | $54.0M | $824.5M | $258.6M | $171.1M | $232.9M | $445.0M | $434.8M |
| Total assets | $13.2B | $14.1B | $15.3B | $18.6B | $20.7B | $43.1B | $49.7B | $57.8B | $68.8B | $72.8B |
| Total liabilities | $6.37B | $6.67B | $7.14B | $8.75B | $9.72B | $18.0B | $20.8B | $24.7B | $29.8B | $32.7B |
| Long-term debt | $3.98B | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $6.77B | $7.37B | $8.09B | $9.77B | $11.0B | $25.1B | $28.7B | $32.9B | $38.8B | $39.4B |
| Cash flow | ||||||||||
| Operating cash flow | $799.9M | $875.9M | $940.7M | $1.07B | $1.12B | $1.32B | $2.56B | $2.96B | $3.57B | $3.99B |
| Capital expenditure | $13.4M | $15.2M | $25.4M | $23.5M | $8.71M | $19.1M | $95.5M | $68.7M | $121.4M | $131.8M |
| Free cash flow | $786.4M | $860.6M | $915.4M | $1.05B | $1.11B | $1.30B | $2.47B | $2.89B | $3.45B | $3.86B |
| Dividends paid | $610.5M | $689.3M | $761.6M | $852.1M | $964.2M | $1.17B | $1.81B | $2.11B | $2.69B | $2.92B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.33B | $1.34B | $1.38B | $1.41B | $1.47B | $1.49B | $1.55B | $1.55B |
| Growth (year over year) | +28.1% | +24.5% | +9.5% | +5.3% | +10.5% | +11.0% | +12.2% | +9.7% |
| Net income | $269.5M | $199.6M | $249.8M | $196.9M | $315.8M | $296.1M | $311.8M | $344.0M |
| Net margin | 20.2% | 14.9% | 18.1% | 14.0% | 21.5% | 19.9% | 20.1% | 22.2% |
| EPS (diluted) | $0.30 | $0.23 | $0.28 | $0.22 | $0.35 | $0.32 | $0.33 | $0.37 |
| Balance sheet | ||||||||
| Cash and equivalents | $397.0M | $445.0M | $319.0M | $800.4M | $417.2M | $434.8M | $373.5M | $552.6M |
| Total assets | $68.5B | $68.8B | $69.8B | $71.4B | $71.3B | $72.8B | $74.6B | $76.4B |
| Total liabilities | $29.8B | $29.8B | $30.5B | $32.1B | $32.0B | $32.7B | $33.3B | $34.5B |
| Shareholders' equity | $38.5B | $38.8B | $39.0B | $39.2B | $39.1B | $39.4B | $39.1B | $39.5B |
| Cash flow | ||||||||
| Operating cash flow | $841.5M | $972.0M | $787.5M | $1.06B | $943.1M | $1.20B | $874.5M | $1.15B |
| Capital expenditure | $33.6M | $36.2M | $22.9M | $26.3M | $33.2M | $49.4M | $26.3M | $57.2M |
| Free cash flow | $807.9M | $935.8M | $764.6M | $1.03B | $909.9M | $1.15B | $848.2M | $1.09B |
| Dividends paid | $687.1M | $691.9M | $711.8M | $727.5M | $737.9M | $743.8M | $758.0M | $756.8M |
| Share buybacks | — | — | $0 | $0 | — | — | $101.9M | $6.00K |
From Realty Income's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Stifel cuts Realty Income stock price target on rate pressures
Stifel cuts Realty Income stock price target on rate pressures
Realty Income Has Outperformed the S&P 500 in 11 of 13 Stock Market Corrections Since 1994. Here's Why I'd Hold It Forever.
Realty Income Has Outperformed the S&P 500 in 11 of 13 Stock Market Corrections Since 1994. Here's Why I'd Hold It Forever.
Realty Income Falls for 3 Months: Two Wall Street Pros Say Near 30% Gains Lie Ahead for the Dividend Powerhouse.
Realty Income Falls for 3 Months: Two Wall Street Pros Say Near 30% Gains Lie Ahead for the Dividend Powerhouse.
Realty Income or Agree Realty During a REIT Sell-Off?
Realty Income or Agree Realty During a REIT Sell-Off?
Realty Income (O) Announces €528M Partner Investment. Can it Lift Returns?
Realty Income (O) Announces €528M Partner Investment. Can it Lift Returns?
History Says This Is the Amount of Yearly Dividend Income a $7,500 Investment in Realty Income Stock Could Generate by 2030
History Says This Is the Amount of Yearly Dividend Income a $7,500 Investment in Realty Income Stock Could Generate by 2030
Realty Income Taps Private Capital, Europe and Data Centers for Growth
Realty Income Taps Private Capital, Europe and Data Centers for Growth
Realty Income or Agree Realty: Which Monthly Dividend Should Retirees Own?
Realty Income or Agree Realty: Which Monthly Dividend Should Retirees Own?
Here's How Many Shares of Realty Income You'd Need for $2,000 in Monthly Dividends
Here's How Many Shares of Realty Income You'd Need for $2,000 in Monthly Dividends
Realty Income Just Made Its 136th Dividend Increase. Here's How Much $6,100 Invested Pays You Monthly Now.
Realty Income Just Made Its 136th Dividend Increase. Here's How Much $6,100 Invested Pays You Monthly Now.
Is Realty Income Underperforming the Nasdaq?
Is Realty Income Underperforming the Nasdaq?