March 13, 2026 a 07:46 am
📊 Dividend Analysis - Realty Income Corporation
Realty Income Corporation, known for its stable dividend profile, offers a current yield of 4.82% and has demonstrated considerable historical dividend growth. With a 33-year dividend history, the company has shown resilience and commitment to returning value to shareholders.
📈 Overview
The company operates in the Real Estate sector with a robust dividend policy that underscores its financial health and investor focus.
| Metric | Details |
|---|---|
| Sector | Real Estate |
| Dividend Yield | 4.82% |
| Current Dividend Per Share | 3.23 USD |
| Dividend History | 33 years |
| Last Cut or Suspension | None |
📉 Dividend History
Realty Income's consistent dividend payments reflect its strong cash flow management, providing stability and predictability for income-focused investors.
| Year | Dividend Per Share (USD) |
|---|---|
| 2026 | 0.54 |
| 2025 | 3.4870 |
| 2024 | 2.8690 |
| 2023 | 3.0590 |
| 2022 | 2.9690 |
📈 Dividend Growth
The dividend growth of Realty Income is a key indicator of its financial health and ability to increase shareholder returns over time.
| Time | Growth |
|---|---|
| 3 years | 5.51% |
| 5 years | 5.12% |
The average dividend growth is 5.12% over 5 years. This shows moderate but steady dividend growth, indicative of a stable company.
✅ Payout Ratio
A close analysis of Realty Income's payout ratios is crucial to understand its ability to sustain dividends in the future.
| Key Figure | Ratio |
|---|---|
| EPS-based | 275.92% |
| Free Cash Flow-based | 77.92% |
The high EPS payout ratio suggests a reliance on free cash flow for dividend sustainability, as it is significantly lower than the EPS figure, providing some leeway for continued payouts.
🗣️ Cashflow & Capital Efficiency
Evaluating Realty Income's cashflow statistics provides insight into its operational efficiency and capital deployment.
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Free Cash Flow Yield | 7.27% | 7.40% | 7.57% |
| Earnings Yield | 2.19% | 1.85% | 2.08% |
| CAPEX to Operating Cash Flow | 2.32% | 3.39% | 3.30% |
| Stock-based Compensation to Revenue | 0.643% | 1.091% | 0% |
| Free Cash Flow / Operating Cash Flow Ratio | 97.68% | 96.60% | 96.70% |
Cashflow stability and efficiency are reflected in strong free cash flow yields and modest CAPEX commitments, indicating prudent financial stewardship and potential for investments in growth.
⚠️ Balance Sheet & Leverage Analysis
Realty Income's balance sheet provides important insights into its leverage and risk profile.
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Debt-to-Equity | 0.67 | 0.69 | 0.83 |
| Debt-to-Assets | 0.38 | 0.39 | 0.45 |
| Debt-to-Capital | 0.40 | 0.41 | 0.45 |
| Net Debt to EBITDA | 6.04 | 6.08 | 9.13 |
| Current Ratio | 1.53 | 1.68 | 0.51 |
| Quick Ratio | 1.52 | 1.68 | 0.51 |
| Financial Leverage | 1.75 | 1.77 | 1.85 |
Realty Income shows a manageable leverage profile, with a rising debt-to-equity ratio offset by decent interest coverage ratios, ensuring financial flexibility.
🗣️ Fundamental Strength & Profitability
The company's fundamental ratios offer a clear picture of its profitability and operational efficiency.
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Return on Equity | 2.65% | 2.22% | 2.68% |
| Return on Assets | 1.51% | 1.25% | 1.45% |
| Margins (Net) | 21.39% | 16.33% | 18.41% |
| Margins (EBIT) | 41.87% | 36.65% | 18.76% |
| Margins (EBITDA) | 88.33% | 82.10% | 61.76% |
| Margins (Gross) | 92.23% | 92.83% | 89.80% |
| Research & Development to Revenue | 0% | 0% | 0% |
The margins indicate strong profitability with consistent returns, underlining Realty Income's efficiency and successful cost management strategies.
📈 Price Development
🗣️ Dividend Scoring System
| Criteria | Score | Visualization |
|---|---|---|
| Dividend Yield | 4/5 | |
| Dividend Stability | 5/5 | |
| Dividend Growth | 3/5 | |
| Payout Ratio | 2/5 | |
| Financial Stability | 3/5 | |
| Dividend Continuity | 5/5 | |
| Cashflow Coverage | 4/5 | |
| Balance Sheet Quality | 3/5 |
Overall Score: 29/40
✅ Rating
Realty Income Corporation maintains a high standard of dividend reliability despite a challenging payout ratio. It is recommended for investors seeking steady yield and stable dividend growth. The company's balance sheet and financial strategies support long-term shareholder value.