O
Realty Income Corp Real Estate Real Estate Investment Trusts S&P 500Russell 3000
$56.93Close
$53.2BMarket cap
$53.10 – $65.8252-week range
Nov 2, 2026Next report · after the close
Highlights
Cautions
- Not in an uptrend 1 of 8 trend conditions
- Lagging the market RS 32 · weaker than 68% of stocks over 12 months
- Distribution down-day volume 1.5× up-day volume over 50 sessions
- Results soon Nov 2, 2026, in 1 day
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
14%
1wk
up 0.5%
price change
1mo
up 5.3%
price change
12-month return
up 3%
market up 11% ·
its own down 8%
F-score
—
— Not assessed
Altman Z
—
Unknown
P/E
50.2×
price / earnings
PEG
2.96
P/E / EPS growth
P/B
1.3×
price / book
Earnings yield
up 1.5%
EBIT / enterprise value
Cheaper than
—
of the market · not assessed
Revenue growth
up 9%
year on year
EPS growth
—
latest quarter
Sales growth
up 10%
latest quarter · -2 pts
ROE
up 3%
return on equity
Free cash margin
up 69%
$4.0B FCF
D/E
0.63
long-term debt / equity
Net debt / EBITDA
6.7×
Interest cover
—EBIT / interest
Trade setup
ATR%
1.6%
$0.92 a day · 2×ATR $55.09
RS
32 / 99
vs the universe
Trend
1 / 8
trend template
Relative volume
1.3×
vs 50-day average
Up/down volume
0.65
50 sessions
Implied move
4.3%
by Nov 20, 2026 · report Nov 2, 2026
Trend template · 1 of 8
- Within 25% of the 52-week high: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Heavily indebted Net debt is 6.7 times EBITDA — roughly 7 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Shareholders diluted The share count rose 4.8% over the year, from 892m to 934m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported
Aug 5, 2026
Results reaction
Aug 5, 20260% vs market2 sessions after results
Options
$602,11320.9% IV · activity
Financials
- Net 18%
- Free cash 69%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.6B | $2.1B | $3.3B | $4.1B | $5.3B | $5.7B |
| Net income | $395.5M | $359.5M | $869.4M | $872.3M | $860.8M | $1.1B |
| Net margin | 24% | 17% | 26% | 21% | 16% | 18% |
| Earnings per share | $1.14 | $0.87 | $1.42 | $1.26 | $1.00 | $1.17 |
| Free cash flow | $1.1B | $1.3B | $2.6B | $3.0B | $3.6B | $4.0B |
| Free cash margin | 68% | 64% | 77% | 73% | 68% | 69% |
| Cash | $824.5M | $258.6M | $171.1M | $232.9M | $445.0M | $434.8M |
| Long-term debt | $8.3B | $12.5B | $14.3B | $18.6B | $22.7B | $25.0B |
| Shareholders' equity | $11.0B | $25.1B | $28.7B | $32.9B | $38.8B | $39.4B |
| Shares outstanding | 361.30m | 591.26m | 660.30m | 752.46m | 891.51m | 933.98m |
Next report
Nov 2, 2026 · after the close
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±4.3%
$54 – $59 by Nov 20, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±1.9%
last 4: -0.9% · -2.8% · -1.0% · -3.2%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
2.2× the usual move
What options price now
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 20.9% priced · 19.2% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs less
Positioning
- Premium traded
- $602,113 calls $282,344 · puts $319,770 · latest session
- 1.13× +0.83 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +3.47k · puts +701 past week
For options traders: ATM IV 20.9% (+0.7% 1w) · 1m ÷ 3m IV 1.14 · 25Δ skew 3.9 pts · Net GEX $5.0M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 6, 2026 | Quarterly ↗ | Jun 30, 2026 | 37d |
| May 7, 2026 | Quarterly ↗ | Mar 31, 2026 | 37d |
| Feb 25, 2026 | Annual ↗ | Dec 31, 2025 | 56d |
| Nov 4, 2025 | Quarterly ↗ | Sep 30, 2025 | 35d |
| Aug 7, 2025 | Quarterly ↗ | Jun 30, 2025 | 38d |
| May 6, 2025 | Quarterly ↗ | Mar 31, 2025 | 36d |
| Feb 25, 2025 | Annual ↗ | Dec 31, 2024 | 56d |
| Nov 5, 2024 | Quarterly ↗ | Sep 30, 2024 | 36d |
| Aug 6, 2024 | Quarterly ↗ | Jun 30, 2024 | 37d |
| May 7, 2024 | Quarterly ↗ | Mar 31, 2024 | 37d |
| Feb 21, 2024 | Annual ↗ | Dec 31, 2023 | 52d |
| Nov 7, 2023 | Quarterly ↗ | Sep 30, 2023 | 38d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 25, 2026 | Other events ↗ |
| Aug 14, 2026 | New obligation · Unregistered share sale · Regulation FD ↗ |
| Aug 12, 2026 | Other events ↗ |
| Aug 11, 2026 | Other events ↗ |
| Aug 5, 2026 | Results · Regulation FD ↗ |
| Jul 13, 2026 | Material agreement · Agreement ended · New obligation · Other events ↗ |
| Jul 7, 2026 | Other events ↗ |
| Jun 30, 2026 | Other events ↗ |
| Jun 29, 2026 | Other events ↗ |
| May 22, 2026 | Shareholder vote ↗ |
| May 8, 2026 | Other events ↗ |
| May 6, 2026 | Results · Regulation FD ↗ |