Company Fast Facts

General Information

  • Founded in 1969 to provide investors with monthly dividends that increase over time
  • Dividends are supported by the revenue generated from our net-leased real estate assets
  • Publicly traded on the New York Stock Exchange since 1994 (ticker symbol “O”)
  • Member of the S&P 500 index
  • The average tenure of our executive management team members is approximately 13 years
  • Headquartered in San Diego, California

Since our 1994 listing on the NYSE, we have increased:

  • Properties in our portfolio from 630 to 4,327 in 49 states and Puerto Rico
  • Real estate assets (at cost) from $451 million to $11.2 billion
  • Commercial tenants in our portfolio from 23 to 234
  • Total number of industries in our portfolio from 5 to 47
  • Annual revenue from $49 million to $933.5 million* (as of 12/31/14)
  • Adjusted funds from operations (AFFO) from $39.2 million to $561.7 million (as of 12/31/14)
  • Annualized cash dividends from $0.90 per share to $2.274 per share

*Total revenue includes amounts reclassified to income from discontinued operations and tenant reimbursements, but excludes revenue from Crest Net Lease, a subsidiary of Realty Income.

To learn more Company Fast Facts, please see our printable fact sheets.

Vision and Values

Realty Income was founded by William and Joan Clark in 1969 to generate monthly income for investors. From the first Taco Bell property acquisition in 1969 to today, we have continued to operate the company according to two key objectives:

1. Grow and maintain a reliable real estate portfolio to pay dividends to shareholders

  • Our real estate investment strategy is focused on owning properties net leased to tenants with a service, non-discretionary, and/or low price point component to their business
  • We target properties located in significant markets or strategic locations to ensure the viability of the real estate location for the tenant’s business
  • Our acquisitions department uncovers opportunities consistent with this strategy
  • Our research department uses its underwriting expertise to assess the tenants’ long-term business prospects
  • We seek to maintain tenant, industry and geographic diversification through our acquisitions, portfolio management and asset management strategies

2. Secure access to low-cost capital to support real estate acquisitions that increase earnings

  • We have maintained access to the public equity markets since our 1994 listing on the New York Stock Exchange
  • We have achieved and maintained investment grade credit ratings since 1996
  • Our relationships with investment and commercial banks provide continued access to capital to fund our growth
  • Our conservative balance sheet preserves a low cost of capital and offers financial stability throughout various economic cycles

LEGAL DISCLAIMER:
Past performance is not a reliable indicator of future performance. The price of Realty Income shares may go down as well as up and you may not get back all or any of your original investment.