Realty Income (O) Payout Ratio (2010 - 2026)
Realty Income's (O) Payout Ratio came in at 2.36 for Q2 2026, down 23.8% from 3.10 a year earlier and down 10.7% from the prior quarter.
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Analysis
Realty Income (O) Payout Ratio (2010 - 2026) Analysis & Trends
For FY2025, Realty Income's Payout Ratio stood at 2.76, down 13.1% from FY2024.
- In prior years, Realty Income's Payout Ratio was 3.17 in FY2024 (+31.1%), 2.42 in FY2023 (+16.1%), 2.09 in FY2022 (-35.9%) and 3.25 in FY2021 (+33.4%).
- The Q2 2026 figure stands as the lowest quarterly Payout Ratio since Q3 2023.
- On a year-over-year basis, Payout Ratio has declined in each of the last three quarters, with growth averaging 2.8% over the last eight quarters.
- The strongest year-over-year quarter for Payout Ratio in the past five years was Q1 2024, with growth of 38.5%; the weakest was Q4 2022, with a decline of 35.9%.
- According to Business Quant data, Payout Ratio for the three prior quarters was 2.65 (Q1 2026), 2.76 (Q4 2025) and 2.98 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 165.83 Bn | 147.32 Bn | 1.39 Bn |
| 2 | Prologis | 124.12 Bn | 119.16 Bn | - |
| 3 | Simon Property | 64.65 Bn | 60.50 Bn | - |
| 4 | Realty Income | 51.61 Bn | 49.83 Bn | - |
| 5 | Public Storage | 50.87 Bn | 49.86 Bn | - |
| 6 | Ventas | 41.57 Bn | 40.26 Bn | - |
| 7 | Extra Space Storage | 28.33 Bn | 28.33 Bn | 642.43 Mn |
| 8 | Vici Properties | 25.05 Bn | 23.16 Bn | 1.05 Bn |
| 9 | Vivmark Residential | 22.76 Bn | 22.54 Bn | - |
| 10 | Essex Property Trust | 17.36 Bn | 17.12 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.36 |
| Mar 31, 2026 | 2.65 |
| Dec 31, 2025 | 2.76 |
| Sep 30, 2025 | 2.98 |
| Jun 30, 2025 | 3.10 |
| Mar 31, 2025 | 2.86 |
| Dec 31, 2024 | 3.17 |
| Sep 30, 2024 | 2.95 |
| Jun 30, 2024 | 2.88 |
| Mar 31, 2024 | 2.90 |
| Dec 31, 2023 | 2.42 |
| Sep 30, 2023 | 2.30 |
| Jun 30, 2023 | 2.24 |
| Mar 31, 2023 | 2.09 |
| Dec 31, 2022 | 2.09 |
| Sep 30, 2022 | 2.65 |
| Jun 30, 2022 | 2.72 |
| Mar 31, 2022 | 2.91 |
| Dec 31, 2021 | 3.25 |
| Sep 30, 2021 | 2.21 |
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();