REALTY INCOME CORP
At today's price, REALTY INCOME CORP (O) is priced for -4.8% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Realty Income is a triple-net-lease REIT that owns single-tenant properties and collects rent under long contracts, and it pays the dividend monthly: 2025 AFFO was $4.28 per share against a $3.24 annualized dividend, with the company marking its 113th consecutive quarterly dividend increase [Source: Realty Income FY2025 results]. • The biggest risk is the funding model, because growth runs on a share count rising about 12% a year to finance acquisitions, so the spread between the roughly 7.3%
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1,393 institutional managers reported holding O in 13F filings for the quarter ended 2026-03-31. Together they hold about 74% of the company; the top 10 hold 47%. 151 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 37.3M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (5.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
O's share count grew 141.3% over the past five years even with $101.91M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 3 years straight; the current rate is $3.22 a share annually. Cash returned over the past three years: $7.47B in dividends and $101.91M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at O over the trailing three years. Absence is a fact about the company, not a signal. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
O's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -3.2% | -15.4% |
| 2023-11-08 | -0.3% | +15.4% |
| 2024-02-22 | +0.7% | +1.9% |
| 2024-05-08 | -0.4% | -2.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
O's latest 8-K filings: 2026-07-13 (items 1.01, 1.02, 2.03, 8.01, 9.01); 2026-07-07 (items 8.01, 9.01); 2026-06-30 (items 8.01, 9.01); 2026-06-29 (items 8.01); 2026-05-22 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.