O Realty Income Corporation Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$63.07
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$56–$68
60% of range
Analyst Rating
HOLD
32 analysts
Price Target
$68
+8% upside
P/E (TTM)
53.8
ROE
2.7%
Net Profit Margin
18.4%

About Realty Income Corporation Common Stock Company overview from Wikipedia

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

Read more

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

The company is one of a few real estate investment trusts that pays dividends monthly, rather than quarterly, and has registered a trademark for the phrase "The Monthly Dividend Company".

Investments

As of June 30, 2024, the company owned 15,450 properties totaling approximately 335.3 million leasable square feet.

The company's largest tenants are as follows:

History

Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. Its first acquisition was a Taco Bell restaurant in early 1970. The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term. In 1994, the company became a public company via an initial public offering. In 1997, William E. Clark, Jr., retired as CEO and was succeeded by Thomas A. Lewis. In 2013, John P. Case succeeded Mr. Lewis as CEO of the company.

In 2009, Clark retired as chairman. In 2013, the company acquired American Realty Capital Trust, founded by Nicholas Schorsch, in a $2.95 billion transaction. In 2015, the company was added to the S&P 500 and the S&P High Yield Dividend Aristocrats index. In 2018, Sumit Roy became the company's CEO. In 2019, the company completed a sale-leaseback transaction for 12 properties of the United Kingdom supermarket chain Sainsbury's. This was the company's first purchase of property outside the United States.

On November 1, 2021, the company acquired VEREIT. On December 1, 2022, the company completed a $1.7 billion sale-leaseback of Encore Boston Harbor. On August 2, 2023, the company announced a $950 million investment in Bellagio Las Vegas. On January 23, 2024, the company completed the $9.3 billion acquisition of Spirit Realty Capital.

In November 2025, it was announced the company had acquired The Lexicon shopping centre in Bracknell, UK for approximately £150m.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

O Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$63.07
Market Cap
$58.81B
P/E (TTM)
53.8
EPS (TTM)
$1.17
Revenue (TTM)
$5.75B
Div Yield
5.0%
ROE
2.7%
Debt/Equity
0.0
52W Range
$56 – $68

O Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $5.75B
10-point trend, +421.2%
2016-12-31 → 2025-12-31
EPS $1.17
8-point trend, -7.1%
2018-12-31 → 2025-12-31
Free Cash Flow —
Margins 18.4%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
O
Peer Median
P/E (TTM)
5-point trend, -41.4%
53.8
26.9
P/S (TTM)
5-point trend, -55.0%
10.2
8.7
P/B
5-point trend, -21.0%
1.5
1.9
EV / EBITDA
5-point trend, -56.4%
23.3
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
O
Peer Median
Net Profit Margin
5-point trend, +6.5%
18.4%
30.4%
ROA
5-point trend, +31.9%
1.5%
3.6%
ROE
5-point trend, +35.7%
2.7%
7.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
O
Peer Median
Debt / Equity
5-point trend, -63.6%
0.0
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
O
Peer Median
Revenue YoY
5-point trend, +176.4%
9.1%
—
Revenue CAGR 3Y
5-point trend, +176.4%
19.8%
—
Revenue CAGR 5Y
5-point trend, +176.4%
28.4%
—
EPS YoY
5-point trend, +34.5%
19.4%
—
Net Income YoY
5-point trend, +194.5%
23.0%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
O
Peer Median
EPS (Diluted)
5-point trend, +34.5%
$1.17
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
O
Peer Median
Payout Ratio
5-point trend, -15.2%
275.9%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
5.0%
Payout Ratio
275.9%
5Y Div CAGR
—
Ex-dateAmount
July 31, 2026$0.2710
June 30, 2026$0.2710
May 29, 2026$0.2710
April 30, 2026$0.2710
March 31, 2026$0.2710
Feb. 27, 2026$0.2700
Jan. 30, 2026$0.2700
Dec. 31, 2025$0.2700
Nov. 28, 2025$0.2700
Oct. 31, 2025$0.2700
Oct. 1, 2025$0.2700
Sept. 2, 2025$0.2690
Aug. 1, 2025$0.2690
July 1, 2025$0.2690
June 2, 2025$0.2690
May 1, 2025$0.2690
April 1, 2025$0.2690
March 3, 2025$0.2680
Feb. 3, 2025$0.2640
Jan. 2, 2025$0.2640

O Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 32 analysts
  • Strong Buy 4 12.5%
  • Buy 9 28.1%
  • Hold 18 56.2%
  • Sell 1 3.1%
  • Strong Sell 0 0.0%

12-Month Price Target

20 analysts · 2026-08-13
Median target $68.00 +7.8%
Mean target $68.21 +8.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.07%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.37 $0.42 -0.05%
March 31, 2026 $0.33 $0.41 -0.08%
Dec. 31, 2025 $0.32 $0.40 -0.08%
Sept. 30, 2025 $0.35 $0.36 -0.01%
June 30, 2025 $0.22 $0.36 -0.14%
March 31, 2025 $0.28 $0.37 -0.09%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
O $52.65B 48.2 9.1% 18.4% 2.7% —
SPG — 13.1 6.7% 84.3% 131.6% —
KIM $13.66B 9.0 5.1% 27.3% 5.6% —
REG $12.63B 47.3 6.9% 34.0% 7.7% —
FRT $8.70B 21.5 6.4% 32.1% 12.8% —
ADC $8.65B 40.7 16.4% 28.4% 3.5% —
BRX $8.03B 21.0 6.7% 28.2% 12.9% —
NNN $7.53B 19.1 6.6% 42.1% 8.9% —
MAC $4.74B -23.7 10.4% -19.4% -7.6% —
PECO $4.47B 40.0 9.9% 15.3% 4.8% —
KRG $5.01B 17.5 0.82% 35.4% 9.3% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for O
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 10-point trend, +421.2% $5.75B $5.27B $4.08B $3.34B $2.08B $1.65B $1.49B $1.33B $1.22B $1.10B · ·
SG&A Expense 12-point trend, +296.5% $203M $177M $145M $138M $97M $73M $66M $84M $58M $52M $49M $51M
Operating Expenses 7-point trend, +343.1% $4.79B $4.49B $3.19B $2.54B $1.66B $1.31B $1.08B · · · · ·
Interest Expense 10-point trend, +237.6% · · $730M $465M $324M $309M $291M $266M $247M $220M $233M $216M
Other Non-op 7-point trend, +758.1% $29M $24M $24M $31M $10M $5M $3M · · · · ·
Pretax Income 7-point trend, +160.4% $1.16B $934M $929M $918M $392M $411M $444M · · · · ·
Income Tax 12-point trend, +2365.9% $85M $67M $52M $45M $32M $15M $6M $5M $6M $3M $3M $3M
Net Income 12-point trend, +291.2% $1.06B $861M $872M $869M $359M $395M $436M $364M $319M $316M $284M $271M
EPS (Basic) 8-point trend, -7.1% $1.17 $0.98 $1.26 $1.42 $0.87 $1.15 $1.38 $1.26 · · · ·
EPS (Diluted) 8-point trend, -7.1% $1.17 $0.98 $1.26 $1.42 $0.87 $1.14 $1.38 $1.26 · · · ·
Shares (Basic) 12-point trend, +315.4% 907,169,000 862,959,000 692,298,000 611,766,000 414,535,000 345,280,126 315,837,012 289,427,430 273,465,680 255,066,500 235,767,932 218,390,885
Shares (Diluted) 12-point trend, +315.2% 908,334,000 863,792,000 693,024,000 612,181,000 414,770,000 345,415,258 316,159,277 289,923,984 273,936,752 255,624,250 236,208,390 218,767,885
EBITDA 12-point trend, +573.7% $2.52B $2.40B $1.90B $1.67B $898M $677M $594M $540M $499M $450M $409M $375M
Balance Sheet 13
Annual Balance Sheet data for O
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 10-point trend, +4516.2% $435M $445M $233M $171M $259M $824M $54M $10M $7M $9M · ·
Short-term Investments · · · · · · $0 · · · · ·
Goodwill 12-point trend, +31782.3% $4.93B $4.93B $3.73B $3.73B $3.68B $14M $14M $15M $15M $15M $15M $15M
Intangibles 12-point trend, +449.9% $5.72B $6.32B $5.02B $5.17B $5.28B $1.71B $1.49B $1.20B $1.19B $1.08B $1.03B $1.04B
Total Assets 12-point trend, +561.0% $72.80B $68.84B $57.78B $49.67B $43.14B $20.74B $18.55B $15.26B $14.06B $13.15B $11.85B $11.01B
Short-term Debt 6-point trend, +516800000.00 $517M $67M $764M $702M $901M $0 · · · · · ·
Total Liabilities 12-point trend, +508.2% $32.67B $29.78B $24.67B $20.83B $18.01B $9.72B $8.75B $7.14B $6.67B $6.37B $5.29B $5.37B
Long-term Debt 3-point trend, +4.6% · · · · · · · · · $3.98B $3.65B $3.80B
Total Debt 6-point trend, +516800000.00 $517M $67M $764M $702M $901M $0 · · · · · ·
AOCI 9-point trend, +105019000.00 $105M $38M $74M $47M $5M $-55M $-17M $-8M $0 · · ·
Stockholders' Equity 12-point trend, +602.6% $39.44B $38.84B $32.94B $28.71B $25.05B $10.99B $9.77B $8.09B $7.37B $6.77B $6.53B $5.61B
Liabilities + Equity 12-point trend, +561.0% $72.80B $68.84B $57.78B $49.67B $43.14B $20.74B $18.55B $15.26B $14.06B $13.15B $11.85B $11.01B
Shares Outstanding 12-point trend, +315.3% 933,975,000 891,511,000 752,460,000 660,300,000 591,262,000 361,303,445 333,619,106 303,742,090 284,213,685 260,168,259 250,416,757 224,881,192
Cash Flow 13
Annual Cash Flow data for O
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +573.7% $2.52B $2.40B $1.90B $1.67B $898M $677M $594M $540M $499M $450M $409M $375M
Stock-based Comp 12-point trend, +157.3% $31M $57M $26M $22M $42M $17M $14M $27M $14M $12M $10M $12M
Deferred Tax 3-point trend, +14975.0% $603.0K $4M $4.0K · · · · · · · · ·
Amort. of Intangibles 3-point trend, +12.4% · · · · · · · · · $94M $88M $84M
Other Non-cash 12-point trend, +1387.4% $381M $259M $165M $2M $23M $27M $25M $10M $44M $27M $-11M $-30M
Operating Cash Flow 12-point trend, +536.4% $3.99B $3.57B $2.96B $2.56B $1.32B $1.12B $1.07B $941M $876M $800M $694M $628M
Investing Cash Flow 12-point trend, -382.0% $-5.66B $-3.34B $-9.35B $-8.39B $-6.44B $-2.03B $-3.50B $-1.64B $-1.25B $-1.70B $-1.21B $-1.17B
Stock Issued 12-point trend, +347.2% $2.36B $1.74B $5.44B $4.56B $4.44B $1.82B $845M $0 $705M $384M $794M $529M
Net Stock Activity 12-point trend, +347.2% $2.36B $1.74B $5.44B $4.56B $1.26B $729M $845M $0 $705M $384M $794M $529M
Dividends Paid 12-point trend, +509.5% $2.92B $2.69B $2.11B $1.81B $1.17B $964M $852M $762M $689M $611M $533M $479M
Financing Cash Flow 12-point trend, +210.3% $1.68B $-21M $6.44B $5.74B $4.58B $1.69B $2.49B $708M $375M $866M $523M $541M
Net Change in Cash 12-point trend, +494.2% $25M $203M $65M $-105M $-518M $780M $50M $9M $-4M $-35M $4M $-6M
Taxes Paid 3-point trend, +305.3% $50M $32M $12M · · · · · · · · ·
Profitability 5
Annual Profitability data for O
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 8-point trend, -32.8% 18.4% 16.3% 21.4% 26.0% 17.3% 23.9% 29.3% 27.4% · · · ·
Pretax Margin 5-point trend, +6.5% 20.1% 17.7% 22.8% 27.4% 18.9% · · · · · · ·
EBITDA Margin 8-point trend, +8.0% 43.9% 45.5% 46.5% 50.0% 43.2% 41.0% 39.8% 40.6% · · · ·
ROA 12-point trend, -42.5% 1.5% 1.4% 1.6% 1.9% 1.1% 2.0% 2.6% 2.5% 2.3% 2.5% 2.5% 2.6%
ROE 12-point trend, -45.1% 2.7% 2.4% 2.8% 3.2% 2.0% 3.8% 4.9% 4.7% 4.5% 4.8% 4.7% 4.9%
Liquidity & Solvency 1
Annual Liquidity & Solvency data for O
Metric Trend 202520242023202220212020201920182017201620152014
Debt / Equity 6-point trend, +0.01 0.0 0.0 0.0 0.0 0.0 0.0 · · · · · ·
Efficiency 1
Annual Efficiency data for O
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 8-point trend, -10.4% 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 · · · ·
Per Share 6
Annual Per Share data for O
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +69.2% $42.23 $43.57 $43.78 $43.48 $42.37 $30.41 $29.30 $26.63 $25.94 $26.01 $26.08 $24.96
Revenue / Share 8-point trend, +38.2% $6.33 $6.10 $5.89 $5.46 $5.02 $4.78 $4.72 $4.58 · · · ·
Cash Flow / Share 12-point trend, +53.3% $4.40 $4.14 $4.27 $4.19 $3.19 $3.23 $3.38 $3.24 $3.20 $3.15 $2.93 $2.87
Cash / Share 9-point trend, +1816.0% $0.47 $0.50 $0.31 $0.26 $0.44 $2.28 $0.16 $0.03 $0.02 · · ·
Dividend Paid / Share 12-point trend, +46.8% $3 $3 $3 $3 $3 $3 $3 $3 $3 $2 $2 $2
EPS (TTM) 9-point trend, +30.0% $1.17 $0.98 $1.26 $1.42 $0.87 $1.14 $1.38 $1.26 · · · $0.90
Growth Rates 10
Annual Growth Rates data for O
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -65.5% 9.1% 29.2% 22.0% 60.7% 26.3% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -43.9% 19.8% 36.3% 35.3% · · · · · · · · ·
Revenue CAGR 5Y 28.4% · · · · · · · · · · ·
EPS YoY 5-point trend, +181.9% 19.4% -22.2% -11.3% 63.2% -23.7% · · · · · · ·
EPS CAGR 3Y 3-point trend, -284.4% -6.2% 4.0% 3.4% · · · · · · · · ·
EPS CAGR 5Y 0.52% · · · · · · · · · · ·
Net Income YoY 5-point trend, +352.3% 23.0% -1.3% 0.33% 141.9% -9.1% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -77.5% 6.8% 33.8% 30.2% · · · · · · · · ·
Net Income CAGR 5Y 21.8% · · · · · · · · · · ·
Dividend CAGR 5Y 24.8% · · · · · · · · · · ·
Valuation (TTM) 15
Annual Valuation (TTM) data for O
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +1262.6% $5.75B $5.27B $4.08B $3.34B $2.08B $1.65B $1.49B $1.33B $1.22B $1.10B $422M $422M
Net Income TTM 12-point trend, +291.2% $1.06B $861M $872M $869M $359M $395M $436M $364M $319M $316M $284M $271M
Market Cap 12-point trend, +406.4% $52.65B $47.62B $43.21B $41.88B $42.33B $21.77B $23.80B $18.55B $15.70B $14.49B $12.53B $10.40B
Enterprise Value 6-point trend, +151.8% $52.73B $47.24B $43.74B $42.41B $42.97B $20.94B · · · · · ·
P/E 9-point trend, -6.2% 48.2 54.5 45.6 44.7 82.3 52.8 51.7 48.5 · · · 51.4
P/S 12-point trend, -62.8% 9.2 9.0 10.6 12.5 20.3 13.2 16.0 14.0 12.9 13.1 29.7 24.6
P/B 12-point trend, -27.9% 1.3 1.2 1.3 1.5 1.7 2.0 2.4 2.3 2.1 2.1 1.9 1.9
P / Tangible Book 6-point trend, -22.2% 1.8 1.7 1.8 2.1 2.6 2.4 · · · · · ·
P / Cash Flow 12-point trend, -20.4% 13.2 13.3 14.6 16.3 32.0 19.5 22.3 19.7 17.9 18.0 18.1 16.6
EV / EBITDA 6-point trend, -32.5% 20.9 19.7 23.1 25.4 47.9 30.9 · · · · · ·
EV / Revenue 6-point trend, -27.9% 9.2 9.0 10.7 12.7 20.7 12.7 · · · · · ·
Dividend Yield 12-point trend, +20.4% 5.5% 5.7% 4.9% 4.3% 2.8% 4.4% 3.6% 4.1% 4.4% 4.2% 4.3% 4.6%
Earnings Yield 9-point trend, +6.7% 2.1% 1.8% 2.2% 2.2% 1.2% 1.9% 1.9% 2.1% · · · 1.9%
Payout Ratio 12-point trend, +55.8% 275.9% 312.7% 242.1% 208.6% 325.2% 243.8% 195.2% 209.4% 216.2% 193.5% 187.9% 177.1%
Annual Payout 12-point trend, +509.5% $2.92B $2.69B $2.11B $1.81B $1.17B $964M $852M $762M $689M $611M $533M $479M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $5.75B$5.27B$4.08B$3.34B$2.08B
Net Income $1.06B$861M$872M$869M$359M
Diluted EPS $1.17$0.98$1.26$1.42$0.87
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.00.00.00.00.0

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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 1,608 filers · $36.3B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
133 (-64 vs prior Q) 88 (+3 vs prior Q) 621 (+18 vs prior Q) 484 (+21 vs prior Q) +157.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $7,934,991,314 140,766,211 21.88% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $5,149,855,278 83,115,805 14.20% Shares
STATE STREET CORP $4,102,483,786 65,929,425 11.31% Shares
VANGUARD CAPITAL MANAGEMENT LLC $3,770,142,638 60,848,009 10.40% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,765,410,884 28,142,898 4.87% Shares
NORGES BANK $804,117,438 12,978,009 2.22% Shares
DIMENSIONAL FUND ADVISORS LP $777,050,693 12,541,168 2.14% Shares
PARNASSUS INVESTMENTS, LLC $721,231,625 11,640,278 1.99% Shares
APG Asset Management US Inc. $551,518,537 8,921,361 1.52% Shares
RAYMOND JAMES FINANCIAL INC $535,974,264 8,650,327 1.48% Shares
GOLDMAN SACHS GROUP INC $508,251,029 8,202,889 1.40% Shares
VANGUARD FIDUCIARY TRUST CO $324,391,146 5,235,493 0.89% Shares
CENTERSQUARE INVESTMENT MANAGEMENT LLC $232,075,269 3,745,566 0.64% Shares
FMR LLC $231,395,126 3,734,589 0.64% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $194,647,588 3,141,504 0.54% Shares
Sumitomo Mitsui Trust Group, Inc. $179,079,146 2,890,238 0.49% Shares
ProShare Advisors LLC $166,181,739 2,682,081 0.46% Shares
AMERICAN CENTURY COMPANIES INC $164,049,911 2,647,672 0.45% Shares
BNP PARIBAS FINANCIAL MARKETS $163,558,414 2,639,742 0.45% Shares
Swiss National Bank $162,873,880 2,628,694 0.45% Shares
LPL Financial LLC $154,548,431 2,494,326 0.43% Shares
BlackRock, Inc. $147,074,204 2,373,696 0.41% Shares
Legal & General Group Plc $135,405,278 2,185,366 0.37% Shares
BANK OF AMERICA CORP /DE/ $127,879,059 2,063,897 0.35% Shares
Vanguard Global Advisers, LLC $124,586,256 2,010,753 0.34% Shares
ENVESTNET ASSET MANAGEMENT INC $117,077,344 1,889,563 0.32% Shares
ROYAL BANK OF CANADA $115,379,000 1,862,151 0.32% Shares
VANGUARD ASSET MANAGEMENT, Ltd $111,248,560 1,795,490 0.31% Shares
Asset Management One Co., Ltd. $108,298,756 1,770,166 0.30% Shares
California Public Employees Retirement System $105,558,836 1,703,661 0.29% Shares
RHUMBLINE ADVISERS $105,124,784 1,696,657 0.29% Shares
National Pension Service $103,389,554 1,668,650 0.29% Shares
ALLIANCEBERNSTEIN L.P. $99,377,672 1,624,349 0.27% Shares
JONES FINANCIAL COMPANIES LLLP $97,182,047 1,539,640 0.27% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $92,291,315 1,508,521 0.25% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $85,512,049 1,380,117 0.24% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $81,335,317 1,295,788 0.22% Shares
Cetera Investment Advisers $79,783,151 1,287,656 0.22% Shares
Burkehill Global Management, LP $77,450,000 1,250,000 0.21% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $74,935,725 1,209,421 0.21% Shares
Daiwa Securities Group Inc. $74,627,226 1,204,442 0.21% Shares
FEDERATED HERMES, INC. $72,376,901 1,168,123 0.20% Shares
Adelante Capital Management LLC $72,114,766 1,163,890 0.20% Shares
Vanguard Investments Australia, Ltd. $67,574,939 1,090,622 0.19% Shares
CANADA PENSION PLAN INVESTMENT BOARD $64,708,174 1,044,354 0.18% Shares
STOREBRAND ASSET MANAGEMENT AS $62,514,232 1,008,945 0.17% Shares
CAPITAL ADVISORS INC/OK $61,997,564 1,000,606 0.17% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $61,933,278 1,000,283 0.17% Shares
PFA Pension, Forsikringsaktieselskab $59,849,277 965,934 0.17% Shares
BARCLAYS PLC $59,575,965 961,523 0.16% Shares
DONALDSON CAPITAL MANAGEMENT, LLC $56,068,664 904,917 0.15% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $55,945,048 902,922 0.15% Shares
Nuveen Asset Management, LLC $55,917,706 1,046,952 0.15% Shares
JANE STREET GROUP, LLC $55,733,020 899,500 0.15% Call option
UBS Group AG $55,591,875 897,222 0.15% Shares
MACQUARIE GROUP LTD $50,784,523 819,634 0.14% Shares
Allianz Asset Management GmbH $49,769,184 803,247 0.14% Shares
D. E. Shaw & Co., Inc. $48,858,372 788,547 0.13% Shares
CITADEL ADVISORS LLC $48,372,172 780,700 0.13% Call option
ABN AMRO INVESTMENT SOLUTIONS $48,250,606 778,738 0.13% Shares
AVIVA PLC $48,187,903 777,726 0.13% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $47,236,073 762,364 0.13% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $47,003,232 750,135 0.13% Shares
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC $45,287,060 730,908 0.12% Shares
Retirement Systems of Alabama $43,923,568 708,902 0.12% Shares
NEUBERGER BERMAN GROUP LLC $42,371,036 683,845 0.12% Shares
PRUDENTIAL FINANCIAL INC $40,351,822 651,256 0.11% Shares
MILLENNIUM MANAGEMENT LLC $40,247,295 649,569 0.11% Shares
Resona Asset Management Co.,Ltd. $39,751,949 633,445 0.11% Shares
Balyasny Asset Management L.P. $38,628,590 623,444 0.11% Shares
Aberdeen Group plc $38,055,212 614,190 0.10% Shares
Bahl & Gaynor LLC $37,819,517 610,386 0.10% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $37,755,822 609,358 0.10% Shares
AMERIPRISE FINANCIAL INC $36,690,508 591,638 0.10% Shares
BANK OF MONTREAL /CAN/ $35,908,918 579,550 0.10% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $35,422,160 571,694 0.10% Shares
Callodine Capital Management, LP $34,293,187 553,473 0.09% Shares
AEW CAPITAL MANAGEMENT L P $34,163,443 551,379 0.09% Shares
AXA Investment Managers S.A. $33,431,521 549,951 0.09% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $32,361,150 522,291 0.09% Shares
Apollo Management Holdings, L.P. $31,522,770 508,760 0.09% Shares
Susquehanna Portfolio Strategies, LLC $31,300,891 505,179 0.09% Shares
Korea Investment CORP $31,168,668 503,045 0.09% Shares
STATE OF WISCONSIN INVESTMENT BOARD $30,902,922 498,756 0.09% Shares
NEW YORK STATE COMMON RETIREMENT FUND $30,280,038 488,703 0.08% Shares
Mitsubishi UFJ Trust & Banking Corp $30,228,983 487,879 0.08% Shares
CI INVESTMENTS INC. $28,728,436 463,661 0.08% Shares
TD Asset Management Inc $28,315,100 456,990 0.08% Shares
OSAIC HOLDINGS, INC. $27,718,832 447,154 0.08% Shares
Pictet Asset Management Holding SA $27,467,550 443,311 0.08% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $27,462,449 487,182 0.08% Shares
HighTower Advisors, LLC $27,130,224 437,867 0.07% Shares
Chevy Chase Trust Holdings, LLC $27,010,223 435,930 0.07% Shares
Heitman Real Estate Securities LLC $26,850,180 433,347 0.07% Shares
CIBC Asset Management Inc $26,405,096 426,720 0.07% Shares
COMMONWEALTH EQUITY SERVICES, LLC $25,789,661 416,231 0.07% Shares
WATERS PARKERSON & CO., LLC $25,497,475 411,515 0.07% Shares
CITADEL ADVISORS LLC $24,918,763 402,175 0.07% Shares
ROYAL LONDON ASSET MANAGEMENT LTD $24,885,985 401,646 0.07% Shares
VICTORY CAPITAL MANAGEMENT INC $24,804,199 400,326 0.07% Shares

Company insiders 45 insiders · 26 officers · 18 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Sumit Roy President, CEO & Director March 14, 2025 F 392,580 0 0 $0
John Case CEO & Director Aug. 6, 2018 S 158,961 0 0 $0
Jonathan Pong EVP, CFO & Treasurer Feb. 18, 2025 A 42,257 0 0 $0
Christie B. Kelly EVP, CFO & Treasurer Dec. 31, 2023 F 28,822 0 0 $0
Paul M Meurer EVP CFO & Treasurer Jan. 1, 2020 F 21,344 0 0 $0
Gary M Malino President and COO Oct. 8, 2014 F 100,090 0 0 $0
Gregory J. Whyte EVP, Chief Operating Officer Feb. 18, 2025 A 13,492 0 0 $0
Neale Redington Senior Vice President and Chief Accounting Officer June 27, 2026 F 23,618 0 0 $0
Michelle Bushore Executive Vice President, Chief Legal Officer, General Counsel and Secretary March 14, 2025 F 52,228 0 0 $0
Mark E Hagan EVP, Chief Investment Officer March 14, 2025 F 89,430 0 0 $0
Neil Abraham President, Realty Income International, Executive Vice President, Chief Strategy Officer March 14, 2025 F 83,388 0 0 $0
Shannon Kehle EVP, Chief People Officer Feb. 18, 2025 A 24,070 0 0 $0
Sean Nugent Senior Vice President, Controller & Principal Accounting Officer Feb. 12, 2024 A 20,691 0 0 $0
Benjamin N Fox EVP, Asset Mgmt & RE Ops Feb. 17, 2021 F 16,560 0 0 $0
Danthanh Nguyen SVP, Leasing & Disp. Nov. 10, 2017 F 29,940 0 0 $0
Joel Tomlinson SVP, Acquisitions Nov. 10, 2017 S 13,167 0 0 $0
Robert Israel SVP Research March 30, 2017 S 11,934 0 0 $0
Cary Wenthur SVP, Acquisitions Feb. 14, 2017 A 22,764 0 0 $0
Richard G Collins Exec. VP, Portfolio Management Dec. 31, 2015 F 37,028 0 0 $0
Debra Bonebrake Senior VP, Indust Dist and Off Dec. 2, 2015 F 374 0 0 $0
Laura King Senior VP, Assistant GC March 31, 2015 F 25,448 0 0 $0
Greg Fahey Senior VP, Controller Jan. 21, 2014 A 23,336 0 0 $0
Thomas A Lewis Executive Advisor Jan. 1, 2014 F 188,540 0 0 $0
Michael K Press Senior Vice President June 23, 2009 F 21,446 0 0 $0
Kim S Kundrak Senior Vice President Sept. 19, 2008 S 84,200 0 0 $0
Mark G Selman Senior Vice President Jan. 1, 2005 A 54,480 0 0 $0
Gregory Mclaughlin Director May 21, 2026 A 38,207 0 1 $-202,624
Michael D Mckee Director May 21, 2026 A 144,046 0 0 $0
Priscilla Almodovar Director May 13, 2025 A 21,965 0 0 $0
Reginald Harold Gilyard Director May 13, 2025 A 11,633 0 0 $0
Mary Hogan Preusse Director May 13, 2025 A 30,211 0 0 $0
Larry A. Chapman Director May 13, 2025 A 8,889 0 0 $0
Priya Cherian Huskins Director May 13, 2025 A 51,032 0 0 $0
Jacqueline Valerie Brady Director May 30, 2024 A 16,280 0 0 $0
Ronald Merriman Director May 23, 2023 A 30,075 0 0 $0
Kathleen Allen Director May 18, 2021 A 90,000 0 0 $0
Stephen E Sterrett Director May 18, 2018 A 20,000 0 0 $0
Donald R Cameron Director Feb. 27, 2012 S 0 0 0 $0
Roger P Kuppinger Director May 12, 2009 F 0 0 0 $0
Willard H Smith JR Director May 12, 2009 J 0 0 0 $0
William E Clark Director Feb. 10, 2009 J 0 0 0 $0
REALTY INCOME CORP 10% owner Nov. 12, 2021 J 0 0 0 $0
Jeff A Jacobson — May 21, 2026 A 14,846 0 0 $0
Gerardo I Lopez — May 21, 2026 A 34,846 0 0 $0
Michael R Pfeiffer — June 30, 2021 F 42,415 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 190 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
NETL · ETF Series Solutions 7.41% 59,461 NS May 31, 2026 N-PORT
ERET · iShares Trust 4.83% 10,893 SH Aug. 8, 2026 Daily
DFAR · Dimensional ETF Trust 4.47% 1,170,928 NS April 30, 2026 N-PORT
ICF · iShares Trust 4.33% 1,459,685 SH Aug. 8, 2026 Daily
IYR · iShares Trust 4.22% 3,063,072 SH Aug. 8, 2026 Daily
USRT · iShares Trust 4.18% 3,097,891 SH Aug. 8, 2026 Daily
RNTY · Tidal Trust II 4.13% 3,275 NS April 30, 2026 N-PORT
BBRE · J.P. Morgan Exchange-Traded Fund Tr… 4.00% 802,172 NS May 31, 2026 N-PORT
SCHH · SCHWAB STRATEGIC TRUST 4.00% 6,507,698 NS May 31, 2026 N-PORT
FREL · FIDELITY COVINGTON TRUST 3.70% 831,435 NS April 30, 2026 N-PORT
RSPR · Invesco Exchange-Traded Fund Trust 3.28% 52,354 Aug. 8, 2026 Daily
REET · iShares Trust 3.14% 2,557,081 SH Aug. 8, 2026 Daily
DFGR · Dimensional ETF Trust 3.05% 1,664,791 NS April 30, 2026 N-PORT
VNQ · VANGUARD SPECIALIZED FUNDS 3.04% 35,220,579 SH Aug. 8, 2026 Daily
CCOR · Listed Funds Trust 2.86% 12,297 NS April 30, 2026 N-PORT
URE · ProShares Trust 2.86% 26,095 NS May 31, 2026 N-PORT
DRN · Direxion Shares ETF Trust 2.84% 20,705 NS April 30, 2026 N-PORT
AVRE · AMERICAN CENTURY ETF TRUST 2.67% 353,906 NS May 31, 2026 N-PORT
FPRO · FIDELITY COVINGTON TRUST 2.39% 5,544 NS April 30, 2026 N-PORT
SPHD · Invesco Exchange-Traded Fund Trust … 2.25% 1,222,421 Aug. 8, 2026 Daily
HUSV · First Trust Exchange-Traded Fund III 2.16% 24,349 NS April 30, 2026 N-PORT
SNPD · DBX ETF Trust 2.08% 885 NS May 29, 2026 N-PORT
PRCS · Parnassus Funds II 1.94% 50,277 NS June 30, 2026 N-PORT
RDOG · ALPS ETF Trust 1.90% 3,474 NS May 31, 2026 N-PORT
PABU · iShares Trust 1.75% 707,988 SH Aug. 8, 2026 Daily
BMVP · Invesco Exchange-Traded Fund Trust 1.72% 28,940 Aug. 8, 2026 Daily
RIET · ETF Series Solutions 1.53% 26,119 NS May 31, 2026 N-PORT
KNG · First Trust Exchange-Traded Fund IV 1.46% 766,079 NS April 30, 2026 N-PORT
BDIV · ETF Series Solutions 1.41% 1,378 NS April 30, 2026 N-PORT
NOBL · ProShares Trust 1.40% 2,534,824 NS May 31, 2026 N-PORT
FXED · Tidal Trust I 1.28% 8,339 NS May 31, 2026 N-PORT
VOT · VANGUARD INDEX FUNDS 1.27% 7,144,323 SH Aug. 8, 2026 Daily
ALTL · Pacer Funds Trust 1.22% 18,216 NS April 30, 2026 N-PORT
SPLV · Invesco Exchange-Traded Fund Trust … 1.16% 1,331,120 Aug. 8, 2026 Daily
SFYF · Tidal Trust I 1.10% 7,870 NS May 31, 2026 N-PORT
CAPE · DoubleLine ETF Trust 1.10% 46,991 NS March 31, 2026 N-PORT
VRAI · ETFis Series Trust I 1.08% 3,094 NS April 30, 2026 N-PORT
VFMV · VANGUARD WELLINGTON FUND 0.92% 61,961 SH Aug. 8, 2026 Daily
FDVV · FIDELITY COVINGTON TRUST 0.90% 1,279,725 NS April 30, 2026 N-PORT
OEI · Listed Funds Trust 0.86% 5,622 NS April 30, 2026 N-PORT
DYNF · BlackRock ETF Trust 0.83% 5,322,318 SH Aug. 8, 2026 Daily
USMV · iShares Trust 0.66% 2,580,379 SH Aug. 8, 2026 Daily
PPTY · ETF Series Solutions 0.65% 2,628 NS May 31, 2026 N-PORT
SPVM · Invesco Exchange-Traded Fund Trust 0.61% 12,683 Aug. 8, 2026 Daily
VO · VANGUARD INDEX FUNDS 0.56% 20,208,028 SH Aug. 8, 2026 Daily
IWS · iShares Trust 0.56% 1,408,395 SH Aug. 8, 2026 Daily
IMCV · iShares Trust 0.53% 97,052 SH Aug. 8, 2026 Daily
GQRE · FlexShares Trust 0.50% 29,869 NS April 30, 2026 N-PORT
HDUS · Lattice Strategies Trust 0.49% 13,592 NS April 30, 2026 N-PORT
IWR · iShares Trust 0.42% 3,800,483 SH Aug. 8, 2026 Daily