Realty Income (O) FCF Payout Ratio (2009 - 2025)
Realty Income's FCF Payout Ratio was 0.70 in Q2 2026, down 1.1% from 0.70 a year earlier and down 22.2% from the prior quarter.
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Analysis
Realty Income (O) FCF Payout Ratio (2009 - 2025) Analysis & Trends
On a trailing twelve-month basis, Realty Income's FCF Payout Ratio was 0.75 through Jun 30, 2026, down 5.8% year-over-year; for FY2025, it came in at 0.76, down 3.0% from FY2024.
- In earlier years, FCF Payout Ratio was 0.78 in FY2024 (+6.7%), 0.73 in FY2023 (-0.5%), 0.73 in FY2022 (-18.1%) and 0.90 in FY2021 (+3.0%).
- Quarterly FCF Payout Ratio has moved between 0.61 (Q2 2022) and 1.08 (Q4 2021) over five years.
- Compared with a year earlier, FCF Payout Ratio has declined for five straight quarters, with an average decline of 0.3% over the last eight quarters.
- The best year-over-year quarter for FCF Payout Ratio over five years was Q4 2021 (growth of 33.9%); the worst was Q4 2022 (a decline of 27.4%).
- Per Business Quant data, O's FCF Payout Ratio in the three quarters before Q2 2026 was 0.89 (Q1 2026), 0.64 (Q4 2025) and 0.81 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 175.33 Bn | 162.40 Bn | 1.47 Bn | - |
| 2 | Prologis | 123.26 Bn | 121.65 Bn | - | - |
| 3 | Simon Property | 76.07 Bn | 73.28 Bn | - | - |
| 4 | Public Storage | 62.23 Bn | 61.68 Bn | - | 0.04 |
| 5 | Realty Income | 54.52 Bn | 55.13 Bn | - | - |
| 6 | Ventas | 45.86 Bn | 45.03 Bn | - | - |
| 7 | Extra Space Storage | 32.95 Bn | 32.73 Bn | 650.96 Mn | 0.90 |
| 8 | Vici Properties | 27.52 Bn | 25.87 Bn | 1.06 Bn | 0.77 |
| 9 | Vivmark Residential | 23.32 Bn | 23.29 Bn | - | 1.42 |
| 10 | Host Hotels & Resorts | 17.52 Bn | 12.78 Bn | 609.00 Mn | 0.36 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 19.46 |
| Jun 30, 2025 | 183.93 |
| Sep 30, 2024 | 7.71 |
| Jun 30, 2024 | 1.16 |
| Mar 31, 2024 | 2.73 |
| Jun 30, 2020 | 2.69 |
| Dec 31, 2015 | 14.15 |
| Sep 30, 2015 | 12.79 |
| Dec 31, 2014 | 3.58 |
| Dec 31, 2013 | 4.02 |
| Mar 31, 2012 | 1.41 |
| Mar 31, 2010 | 5.73 |
| Dec 31, 2009 | 1.48 |
| Sep 30, 2009 | 1.42 |
API Access
Realty Income FCF Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=O&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "ticker": "O", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=O&period=max&api_key=YOUR_API_KEY");
const data = await res.json();