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Realty Income (O)

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 commercial tenants. To date, the company has declared 606 consecutive common stock monthly dividends throughout its 51-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.

Company profile

Ticker
O
Exchange
CEO
Sumit Roy
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
11990 Eastgate Blvd, LLC • 2100 E 69th Avenue Indiana LLC • American Realty Capital Properties, LLC • ARC AACMBPA001, LLC • ARC AAHARAL001, LLC • ARC AASLGPA001, LLC • ARC AATVLPA001, LLC • ARC ACAWBWI001, LLC • ARC ACLSHIL001, LLC • ARC ASDTNGA001, LLC ...
IRS number
330580106

O stock data

Calendar

4 Aug 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 May 22 Hagan Mark E Common Stock Payment of exercise Dispose F No No 67.99 1,029 69.96K 30,815
17 May 22 Priscilla Almodovar Common Stock Grant Acquire A No No 0 4,000 0 10,333
17 May 22 Jacqueline Valerie Brady Common Stock Grant Acquire A No No 0 4,000 0 8,000
17 May 22 Chapman A. Larry Common Stock Grant Acquire A Yes No 0 4,000 0 17,090
17 May 22 Preusse Mary Hogan Common Stock Grant Acquire A No No 0 4,000 0 20,291
79.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1043 1064 -2.0%
Opened positions 93 104 -10.6%
Closed positions 114 118 -3.4%
Increased positions 478 495 -3.4%
Reduced positions 296 291 +1.7%
13F shares Current Prev Q Change
Total value 32.78B 31.76B +3.2%
Total shares 479.38M 459.73M +4.3%
Total puts 892.1K 1.14M -21.7%
Total calls 2.06M 2.09M -1.4%
Total put/call ratio 0.4 0.5 -20.5%
Largest owners Shares Value Change
Vanguard 95.83M $6.54B +3.2%
BLK Blackrock 56.28M $3.84B +5.4%
STT State Street 47.21M $3.23B +3.9%
CNS Cohen & Steers 35.2M $2.4B +10.0%
BAC Bank Of America 22.8M $1.56B +9.4%
MS Morgan Stanley 17.74M $1.21B +17.8%
Geode Capital Management 13.46M $918.96M +7.2%
JPM JPMorgan Chase & Co. 9.93M $677.68M +79.3%
IVZ Invesco 9.25M $631.65M +21.9%
Dimensional Fund Advisors 8.6M $587.18M +1.2%
Largest transactions Shares Bought/sold Change
LGEN Legal & General 0 -6.92M EXIT
JPM JPMorgan Chase & Co. 9.93M +4.39M +79.3%
DB Deutsche Bank AG - Registered Shares 4.64M +3.64M +365.0%
CNS Cohen & Steers 35.2M +3.2M +10.0%
Vanguard 95.83M +2.98M +3.2%
BLK Blackrock 56.28M +2.9M +5.4%
MS Morgan Stanley 17.74M +2.67M +17.8%
American Century Companies 2.56M +2.54M +13244.3%
BAC Bank Of America 22.8M +1.97M +9.4%
STT State Street 47.21M +1.78M +3.9%

Financial report summary

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Risks
  • The COVID-19 pandemic has disrupted our operations and is expected to continue to have an adverse effect on our business, results of operations, financial condition and liquidity.
  • In order to grow we need to continue to acquire investment properties. The acquisition of investment properties may be subject to competitive pressures.
  • Negative market conditions or adverse events affecting our existing or potential clients, or the industries in which they operate, could have an adverse impact on our ability to attract new clients, re-lease space, collect rent or renew leases, which could adversely affect our cash flow from operations and inhibit growth.
  • As a property owner, we may be subject to unknown environmental liabilities.
  • If we fail to qualify as a REIT, it could adversely impact us, and the amount of dividends we are able to pay would decrease, which could adversely affect the market price of our capital stock and could adversely affect the value of our debt securities.
  • Legislative or other actions affecting REITs could have a negative effect on us or our investors.
  • Distribution requirements imposed by law limit our flexibility.
  • Future issuances of equity securities could dilute the interest of holders of our common stock.
  • We may acquire properties or portfolios of properties through tax deferred contribution transactions, which could result in stockholder dilution and limit our ability to sell or refinance such assets.
  • Real estate ownership is subject to particular conditions that may have a negative impact on our revenue.
  • Our acquisition of additional properties may have a significant effect on our business, liquidity, financial position and/or results of operations.
  • We are subject to additional risks from our international investments.
  • We may engage in development or expansion projects or invest in new assets, which would subject us to additional risks that could negatively impact our operations.
  • An uninsured loss or a loss that exceeds the policy limits on our properties could subject us to lost capital or revenue on those properties.
  • Compliance with the Americans with Disabilities Act of 1990 and fire, safety, and other regulations may require us to make unintended expenditures that could adversely impact our results of operations.
  • Property taxes may increase without notice.
  • Our business is subject to risks associated with climate change and our sustainability strategies.
  • We are subject to risks related to the discontinuance of LIBOR.
  • Our charter contains restrictions upon ownership of our common stock.
  • The value of certain of our investment in real property may be reduced as the result of the expiration or loss of local tax abatements, tax credit programs, or other governmental incentives.
  • We may not be able to integrate VEREIT’s business successfully or realize the anticipated synergies and related benefits of the merger and the transactions contemplated by the Merger Agreement.
  • Our historical and unaudited pro forma condensed combined financial statements may not be representative of our results after the merger and the transactions contemplated by the Merger Agreement.
  • Litigation risks could affect our business.
  • We depend on key personnel.
  • Natural disasters, terrorist attacks, other acts of violence or war, or other unexpected events may affect the value of our debt and equity securities, the markets in which we operate and our results of operations.
  • We rely on information technology in our operations, and any material failure, inadequacy, interruption or security failure of that technology could harm our business.
  • Volatility in market and economic conditions may impact the accuracy of the various estimates used in the preparation of our financial statements and footnotes to the financial statements.
  • Inherent limitations of internal controls over financial statements, disclosure controls and safeguarding of assets may adversely impact our financial condition and results of operations.
  • Our business operations may not generate the cash needed to make distributions on our capital stock or to service our indebtedness.
  • Disruptions in the financial markets could affect our ability to obtain financing on reasonable terms and have other adverse effects on us and the market price of our common stock.
  • Inflation may adversely affect our financial condition and results of operations.
Management Discussion
  • Our consolidated financial statements have been prepared in accordance with GAAP and are the basis for our discussion and analysis of financial condition and results of operations. Preparing our consolidated financial statements requires us to make a number of estimates and assumptions that affect the reported amounts and disclosures in the consolidated financial statements. We believe that we have made these estimates and assumptions in an appropriate manner and in a way that accurately reflects our financial condition. We continually test and evaluate these estimates and assumptions using our historical knowledge of the business, as well as other factors, to ensure that they are reasonable for reporting purposes. However, actual results may differ from these estimates and assumptions. This summary should be read in conjunction with the more complete discussion of our accounting policies and procedures included in note 2 to our consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2021.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: applicability, classification, commonly, determinable, drawn, effectively, escalating, governed, grouped, independently, Interbank, London, profit, reimburse, transition, unleased, work