Realty Income (O)
NYSEReal EstateReit - RetailSnapshot 2026-07-07
$64.00+1.28%
Close 2026-07-07 · 1-day change
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Track O free→Warn: Management is running behind on a stated commitment.
Realty Income aims to invest $9.5 billion in 2026. Its portfolio occupancy stays high near 99%. The company expands into new markets like data centers. These support steady rent income and growth.
Guidance was cut despite an EPS beat. The stock trades expensive at a PE of 51. Litigation and leadership changes add risks. Growth may slow below analyst expectations.
The price is about 14% below our fair value near $74. Analysts expect 3% revenue growth. We see some upside but risks remain from guidance cuts.
Breaks if: no progress or reversal in global market expansion by FY26
Realty Income is working to expand its global addressable market through strategic partnerships and investments.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: investment volume falls below 6.0 USD_BILLIONS in FY26
Realty Income aims to increase its investment volume to $9.5 billion for the fiscal year 2026.
Stated in 3 of last 3 quarters. Investment volume guidance increased to $9.5 billion for 2026, up from $8 billion. Realty Income invested $2.8 billion in Q1 2026, indicating progress towards the target. The trajectory is delivering on the increased guidance.
“CEO: 'We are increasing our full-year investment guidance to $9.5 billion from $8 billion.'”
“CEO: 'Our active pipeline for 2026 is reflected in our initial investment volume guidance of approximately $8.0 billion.'”
“The Company now expects the investment volume for 2025 to over $6.0 billion.”
Breaks if: occupancy falls below 98.5% over next 4 quarters
Realty Income is focused on maintaining a high portfolio occupancy rate.
Stated in 3 of last 3 quarters. Portfolio occupancy was 98.9% as of March 31, 2026, consistent with previous quarters. The occupancy rate has remained stable, indicating Realty Income is maintaining its high occupancy target.
“Portfolio occupancy was 98.9% as of March 31, 2026.”
“Portfolio occupancy was 98.9% as of December 31, 2025.”
“Portfolio occupancy was 98.7% as of September 30, 2025.”