Company
Realty Income Corporation
Headquarters: San Diego, CA, United States
Founded: 1969
Employees: 367
CEO: Mr. Sumit Roy
Market Cap
$41.79 Billion
USD as of Jan. 1, 2024
Realty Income Corporation Categories
United States Real Estate REIT—RetailUnited States Real Estate United States REIT—Retail
Company Description
Realty Income Corporation is a real estate investment trust primarily focusing on commercial properties. It owns more than 6,500 properties leased for 10 to 20 years primarily to retail store tenants throughout the United States, in Puerto Rico, and the United Kingdom. Realty Income Corporation thus guarantees a steady cash flow to pay monthly dividends to its stockholders, marketing itself to financial investors with the trademark phrase “The Monthly Dividend Company”.
Top Competitors by Market Capitalization
Industry: REIT—Retail
| Company | Market Cap (USD) |
|---|---|
| Simon Property Group, Inc. | $52.56 B |
| Link Real Estate Investment Trust | $14.48 B |
| Kimco Realty Corporation | $14.00 B |
| Regency Centers Corporation | $12.21 B |
| Scentre Group | $10.39 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Prologis, Inc. | $120.60 B |
| American Tower | $100.44 B |
| Equinix, Inc. (REIT) | $74.75 B |
| MAS Real Estate, Inc. | $65.45 B |
| Public Storage | $53.43 B |
Detailed Description
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.
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Stocks & Indices
Realty Income Corporation has the following listings and related stock indices.
Stock: NYSE: O wb_incandescent
Stock: BMV: O wb_incandescent
Stock: Bovespa: R1IN34 wb_incandescent
Stock: FSX: RY6 wb_incandescent
Product & Services
Free-standing, single-tenant commercial properties
Key People
Founder(s): William E. Clark, Jr. Evelyn J. Clark
Michael D. Mc Kee, Chairman Sumit Roy, CEO Paul M. Meurer, CFO
Financials
Revenue: $1.491 billion (2019)
Net income: $436 million (2019)
Total assets: $18.554 billion (2019)
Total equity: $9.804 billion (2019)