What is the 13F Pro Quality Score for O?

13F Pro ranks REALTY INCOME CORP (O) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View O's current score at https://13fpro.ai/company/O (free sign-up required for the full ranking).

Which hedge funds own the most O stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of O include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/O as soon as new 13F filings post.

Where does 13F Pro source O data?

All REALTY INCOME CORP fundamentals and ownership data come directly from SEC EDGAR. REALTY INCOME CORP files with the SEC under CIK 726728. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

REALTY INCOME CORP (O) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What drives O's revenue?

Per REALTY INCOME CORP's latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Rental (including reimbursements) ($1,426.5M); Retail ($1,114.7M); Industrial ($251.5M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/O.

What are O's largest expenses?

REALTY INCOME CORP's latest 10-Q reports these as the largest expense items: Depreciation and amortization ($644.7M, -$3.2M YoY); Interest ($312.1M, +10.0% YoY); Property (including reimbursements) ($112.4M, +$3.7M YoY reimbursements, +$1.3M YoY no). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is O research updated on 13F Pro?

O's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

REALTY INCOME CORP(O)Stock Analysis

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Why O Scores 74/100

exact factor attribution · 2026-08-29

O's composite is driven by free cash flow and scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+6.4 pts

93th pct

Scale

+4.9 pts

82th pct

Profitability

+4.8 pts

82th pct

Earnings quality

+2.7 pts

77th pct

▲1

Institutional flow

+1.5 pts

79th pct

Shareholder dilution

+1.2 pts

74th pct

Revenue growth

+1.2 pts

56th pct

Earnings growth

+1.0 pts

70th pct

Capital efficiency

+0.1 pts

51th pct

Latest change (2026-08-08): 75 → 71 · ↓ Revenue growth 78→56; ↓ Institutional flow 44→36

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

O Stock Analysis & AI Quality Score

Data updated 2026-08-29

AI stock analysis and institutional research for REALTY INCOME CORP (O), a Real Estate sector company. 13F Pro tracks O using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), REALTY INCOME CORP reports quarterly revenue of $1.5B, net income of $370.5M, an operating margin of 25.6%. Top institutional holders of O by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. O trades on the NYSE exchange and files with the SEC under CIK 726728. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate O daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for REALTY INCOME CORP directly from SEC EDGAR. REALTY INCOME CORP's 13F Pro composite quality score has ranged between 65 and 77 since 2021, currently 73.7 — an improving long-term trajectory across 65 quarterly and live scoring snapshots.

✦

Fun facts about REALTY INCOME CORP

Quirks, history, and lore behind O — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. real estate investment trust · large-cap · listed on the NYSE · headquartered in Southern California.
2
The Numbers
Owns more than 15,000 properties across the U.S. and Europe, with annual revenues in the multi-billion dollar range and a portfolio that just keeps growing.
3
The History
Founded in 1969, it went public decades later and built its empire one freestanding, single-tenant commercial property at a time — think drugstores, dollar stores, and convenience shops.
4
The Secret
Its tenants sign long-term net leases, meaning they pay taxes, insurance, and maintenance — the landlord just cashes the checks, rain or shine.
5
The Lore
It has paid consecutive monthly dividends for over 50 years running and has trademarked the phrase "The Monthly Dividend Company" — yes, actually trademarked it.
6
The Giveaway
Its one-letter NYSE ticker is as simple as its pitch: reliable rent, every single month, forever — it's the REIT that income investors dream about.

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What's Driving O's Business? Latest 10-Q Breakdown

✓ 35/35 datapoints verified

AI-extracted from REALTY INCOME CORP's 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 total revenue reached $1.55B versus $1.41B a year ago, as interest and dividend income on loans and preferred equity investments more than doubled to $88.5M.

Biggest Revenue Drivers

Rental (including reimbursements)$1,426.5M

Properties acquired during 2026 and 2025 added $113.2M of rental revenue; same store rental revenue was $1,194.0M

Interest and dividend income on loans and preferred equity investments$88.5M+$49.0M YoY

Growth in the loan and preferred equity portfolio, which increased approximately $2.8 billion versus the prior-year period due to acquisitions

Biggest Revenue Drivers

Total revenue: $1.55B

Rental (including reimbursements)$1,426.5M

Properties acquired during 2026 and 2025 added $113.2M of rental revenue; same store rental revenue was $1,194.0M

Within Rental (including reimbursements)

Retail$1,114.7M

U.S. $868.4M, U.K. $187.1M, other Europe $59.2M

Industrial$251.5M

U.S. $212.1M, U.K. $15.5M, other Europe $23.9M

Interest and dividend income on loans and preferred equity investments$88.5M+$49.0M YoY

Growth in the loan and preferred equity portfolio, which increased approximately $2.8 billion versus the prior-year period due to acquisitions

Interest income on financing receivables$32.0M-$0.4M YoY

Lower average financing receivable balances outstanding

Largest Expense Items

Depreciation and amortization$644.7M-$3.2M YoY

Accelerated amortization of in-place leases in the prior year for properties leased to clients in bankruptcy, offset by portfolio growth

Interest$312.1M+10.0% YoY

Higher average borrowings of $30.3 billion and higher amortization of note discounts and deferred financing costs

Property (including reimbursements)$112.4M+$3.7M YoY reimbursements, +$1.3M YoY no

Higher reimbursable property taxes and maintenance from portfolio growth; property taxes up $5.9M, offset by lower repairs

General and administrative$57.6M+$8.3M YoY

Higher employee costs as the company continues to invest in its people and platform

Margins: General and administrative expenses rose to 4.0% of revenue excluding reimbursements from 3.7%; property expenses excluding reimbursements held at 1.5%. Diluted AFFO per share rose 3.8% to $1.09.

Watch Items from the Filing

Interest expense rose 10.0% to $312.1M on $30.3B average borrowings at a 3.97% weighted average rate; Net Debt/Annualized Pro Forma Adjusted EBITDAre was 5.4x.
Credit investing is scaling fast: loans receivable reached $3.3B carrying value at an 8.6% weighted average rate, with $46.4M of credit-loss provisions year-to-date.
Commitments include $729.4M under construction contracts, $375.4M of unfunded loan commitments, $243.0M for a joint venture equity interest, and a $135.6M third-party debt guarantee.
No individual client exceeded 10% of total revenue; the top 20 clients represent 34.8% of annualized base rent, with the U.K. at 15.0%.
Occupancy improved to 98.8% from 98.6%, with a 102.7% rent recapture rate on re-leased units and impairments down to $54.2M from $142.3M.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.5B

Net Income

Q2 2026

$370.5M

Operating Margin

Q2 2026

25.6%

ROIC

Q2 2026

4.0%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+9.1% YoY

$5.75BFY 2025

FY22 $3.34BFY23 $4.08BFY24 $5.27BFY25 $5.75B

Net Income

+23.0% YoY

$1.06BFY 2025

FY22 $869.4MFY23 $872.3MFY24 $860.8MFY25 $1.06B

EPS (Diluted)

+19.4% YoY

$1.17FY 2025

FY22 $1.42FY23 $1.26FY24 $0.98FY25 $1.17

Total Assets

+5.8% YoY

$72.80BFY 2025

FY22 $49.67BFY23 $57.78BFY24 $68.84BFY25 $72.80B

Op. Cash Flow

+11.8% YoY

$3.99BFY 2025

FY22 $2.56BFY23 $2.96BFY24 $3.57BFY25 $3.99B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$5.75B +9.1%	$5.27B +29.2%	$4.08B +22.0%	$3.34B +60.7%	$2.08B +26.3%	$1.65B
Net Income	$1.06B +23.0%	$860.8M -1.3%	$872.3M +0.3%	$869.4M +141.9%	$359.5M -9.1%	$395.5M
EPS (Diluted)	$1.17 +19.4%	$0.98 -22.2%	$1.26 -11.3%	$1.42 +63.2%	$0.87 -23.7%	$1.14
Total Assets	$72.80B +5.8%	$68.84B +19.1%	$57.78B +16.3%	$49.67B +15.2%	$43.14B +108.0%	$20.74B
Operating Cash Flow	$3.99B +11.8%	$3.57B +20.8%	$2.96B +15.4%	$2.56B +93.9%	$1.32B +18.5%	$1.12B

AI Insight: O Financial Trends

Revenue grew 16% year-over-year to $1.55B in Q2 2026, but net income reporting lapsed and operating cash flow remains volatile.

• Revenue expanded from $1,331M in Q3 2024 to $1,548M in Q2 2026, a cumulative 16% increase over 8 quarters.

• Operating cash flow averaged $980M across the 8-quarter period, though Q2 2026 showed $1,145M—above recent quarterly average.

• Equity stable around $39.1–$39.6B across 2026 quarters, suggesting balanced capital allocation despite debt environment.

⚠ Net income reporting ceased after Q4 2025 ($296M); Q1 and Q2 2026 show blanks—clarification needed on earnings transparency.

⚠ Operating cash flow highly volatile: $788M (Q1 2025) to $1,203M (Q4 2025), limiting predictability of dividend-backing capacity.

AI Insight: O Ratio Trends

Operating margin surged to 25.6% in Q2 2026, highest in dataset; ROIC climbed to 4.0%, signaling improved operational efficiency.

• OpMargin expanded from 15.8% in Q2 2025 to 25.6% in Q2 2026—820bp year-over-year gain.

• ROIC rose from 2.3% in Q2 2025 to 4.0% in Q2 2026, first time above 3.5% since Q3 2025.

• TTM OpMargin of 23.3% exceeds all trailing calendar quarters except Q2 2026.

⚠ NPM data absent since Q1 2026; unable to confirm profitability sustainability without full income metrics.

⚠ Q2 2025–Q1 2026 showed significant seasonal dips (OpMargin 15.8%, ROIC 2.3%); confirm Q2 2026 spike is structural, not cyclical.

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Available Research

13F Pro tracks comprehensive data for REALTY INCOME CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of O

BlackRock, Inc.
$7.0B112,931,238 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$5.1B83,115,805 sh
STATE STREET CORP
$4.1B65,929,425 sh
VANGUARD CAPITAL MANAGEMENT LLC
$3.8B60,848,009 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.0B31,265,152 sh
BANK OF AMERICA CORP /DE/
$1.2B19,117,994 sh
MORGAN STANLEY
$894.7M14,440,511 sh
DIMENSIONAL FUND ADVISORS LP
$835.2M13,479,666 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$809.8M13,069,240 sh
NORGES BANK
$804.1M12,978,009 sh

Fund	Value	Shares
BlackRock, Inc.	$7.0B	112,931,238
VANGUARD PORTFOLIO MANAGEMENT LLC	$5.1B	83,115,805
STATE STREET CORP	$4.1B	65,929,425
VANGUARD CAPITAL MANAGEMENT LLC	$3.8B	60,848,009
GEODE CAPITAL MANAGEMENT, LLC	$2.0B	31,265,152
BANK OF AMERICA CORP /DE/	$1.2B	19,117,994
MORGAN STANLEY	$894.7M	14,440,511
DIMENSIONAL FUND ADVISORS LP	$835.2M	13,479,666
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$809.8M	13,069,240
NORGES BANK	$804.1M	12,978,009

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Is O a good stock to buy?

13F Pro's AI-powered analysis of REALTY INCOME CORP (O) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for O are available on the O stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. O is classified as a large company.

Which hedge funds own O?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling O. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of REALTY INCOME CORP's investment landscape.