---
title: Realty Income (O) — REIT card
canonical: https://sweetvaluelab.com/tools/reits/o
ticker: O
property_type: Net lease
as_of: 2026-10-16
---
# Realty Income (O) — REIT card

Realty Income, a net lease REIT, trades at 12.7× trailing Cash FFO with a 5.8% dividend yield, 73.7% of Cash FFO; net debt is 7.1× EBITDA. Prices as of Oct 16, 2026; trailing-twelve-month figures through Jun 30, 2026.

## The card

| Figure | O | Net lease average (2) |
| --- | ---: | ---: |
| Price | $56.08 |  |
| Cash FFO (TTM) | $4.1B |  |
| Cash FFO per share | $4.41 |  |
| P/Cash FFO | 12.7× | 11.2× |
| P/E | 40.9 |  |
| Dividend per share (TTM) | $3.24 |  |
| Dividend yield | 5.8% | 6.7% |
| Yield spread over the 10-year | 0.7% |  |
| Cash FFO payout | 73.7% | 73.7% |
| Cash FFO growth (YoY) | 8.4% | -1.6% |
| Cash FFO CAGR (3y) | 2.4% |  |
| Net debt / EBITDA | 7.1× | 6.1× |
| Interest cover | 3.6× | 4.1× |
| Debt / assets | 39.0% |  |
| EBITDA margin | 71.2% | 75.5% |
| Market value | $52.4B |  |
| Enterprise value | $82.2B |  |

## Lights

- Net debt is 7.1× EBITDA; refinancing sets the agenda

## Data notes

- Debt and cash taken from the 2026-03-31 balance sheet; the newer line is rejected (2026-06-30: total debt on file (2.8B) implies a 43% interest rate).

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Source: https://sweetvaluelab.com/tools/reits/o (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.