Realty Income (O) Payout Ratio (2009 - 2026)
Realty Income's (O) quarterly Payout Ratio came in at 2.2 in Q2 2026, down 40.44% year-over-year from 3.69 in Q2 2025, and down 9.51% quarter-over-quarter from 2.43 in Q1 2026.
Powered by 
Analysis
Realty Income (O) Payout Ratio (2009 - 2026) Analysis & Trends
Realty Income has disclosed Payout Ratio across 18 years of filings, most recently posting 2.2 for Q2 2026.
- In Q2 2026, Payout Ratio fell 40.44% year-over-year to 2.2; the TTM figure through Jun 2026 stood at 2.36 (down 23.83% YoY), while the FY2025 annual figure was 2.76, down 13.08% from the prior year.
- Payout Ratio came in at 2.2 for Q2 2026 at Realty Income, down from 2.43 in the prior quarter.
- In the past five years, Payout Ratio ranged from a high of 4.91 in Q1 2024 to a low of 1.99 in Q2 2022.
- Average Payout Ratio over 5 years is 2.65, with a median of 2.47 recorded in 2025.
- Year-over-year, Payout Ratio plunged 97.52% in 2022 and surged 122.08% in 2024.
- Over 5 years, Payout Ratio stood at 2.06 in 2022, then rose by 23.51% to 2.55 in 2023, then soared by 36.12% to 3.47 in 2024, then dropped by 27.53% to 2.51 in 2025, then retreated by 12.41% to 2.2 in 2026.
- Per Business Quant data, the three most recent Payout Ratio figures were 2.2 in Q2 2026, 2.43 in Q1 2026, and 2.51 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.20 |
| Mar 31, 2026 | 2.43 |
| Dec 31, 2025 | 2.51 |
| Sep 30, 2025 | 2.34 |
| Jun 30, 2025 | 3.69 |
| Mar 31, 2025 | 2.85 |
| Dec 31, 2024 | 3.47 |
| Sep 30, 2024 | 2.62 |
| Jun 30, 2024 | 2.63 |
| Mar 31, 2024 | 4.91 |
| Dec 31, 2023 | 2.55 |
| Sep 30, 2023 | 2.33 |
| Jun 30, 2023 | 2.64 |
| Mar 31, 2023 | 2.21 |
| Dec 31, 2022 | 2.06 |
| Sep 30, 2022 | 2.08 |
| Jun 30, 2022 | 1.99 |
| Mar 31, 2022 | 2.19 |
| Dec 31, 2021 | 83.09 |
| Sep 30, 2021 | 2.02 |
API Access
Realty Income 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=payout-ratio&ticker=O&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=payout-ratio&ticker=O&period=max&api_key=YOUR_API_KEY");
const data = await res.json();