Company facts
- Industry
- Real Estate Investment Trusts
- Headquarters
- San Diego, California
- Most recent report
- 8-K, filed Nov 6, 2026
- Incorporated
- Maryland
- Filings on record
- 1,001+ filings
- On EDGAR
- CIK 726728
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 47
News 8 of 235
Prospectuses and Registrations 8 of 129
- 424B5 Prospectus supplement for an offering Jun 30, 2026
- FWP Free writing prospectus Jun 29, 2026
- 424B5 Prospectus supplement for an offering Jun 29, 2026
- 424B5 Prospectus supplement for an offering May 8, 2026
- 424B5 Prospectus supplement for an offering Mar 31, 2026
- FWP Free writing prospectus Mar 30, 2026
- 424B5 Prospectus supplement for an offering Mar 30, 2026
- 424B5 Prospectus supplement for an offering Nov 7, 2025
Proxies 8 of 24
- DEFA14A Extra proxy material Mar 25, 2026
- DEF 14A Proxy statement for a shareholder vote Mar 25, 2026
- DEFA14A Extra proxy material Mar 26, 2025
- DEF 14A Proxy statement for a shareholder vote Mar 26, 2025
- DEFA14A Extra proxy material Apr 15, 2024
- DEF 14A Proxy statement for a shareholder vote Apr 15, 2024
- DEFA14A Extra proxy material Mar 31, 2023
- DEF 14A Proxy statement for a shareholder vote Mar 31, 2023
Ownership 8 of 503
- 4 Insider reported a trade Sep 10, 2026
- 144 Notice of a proposed sale of restricted stock Sep 10, 2026
- 4 Insider reported a trade Jun 30, 2026
- 4 Insider reported a trade May 26, 2026
- 4 Insider reported a trade May 26, 2026
- 4 Insider reported a trade May 26, 2026
- 4 Insider reported a trade May 26, 2026
- 4 Insider reported a trade May 26, 2026
Other 8 of 63
- CERT Exchange certified a listing Jul 7, 2026
- 8-A12B Registration of a security for exchange listing Jul 7, 2026
- ARS Annual report sent to shareholders Mar 25, 2026
- CERT Exchange certified a listing Jun 20, 2025
- 8-A12B Registration of a security for exchange listing Jun 20, 2025
- ARS Annual report sent to shareholders Mar 26, 2025
- CERT Exchange certified a listing Sep 4, 2024
- 8-A12B Registration of a security for exchange listing Sep 4, 2024
What to read: Sep 2026 10-Q
SECSift found 4 of 10 sections worth reading, with 0 positive, 15 notable, and 1 negative flags.
Financial Statements (Item 1)
Major balance-sheet and capital-structure changes: JV formations, convertible debt, credit facility upsizing, and loan portfolio growth.Notable- Upsized revolving credit facilities to $5.5B from $4.0B and commercial paper programs to $5.5B from $3.0B in July 2026.
- Issued $1.86B in convertible notes (3.500% due 2029 and 3.750% due 2031), using $290M to repurchase shares and $33M for capped calls.
- Formed Apollo JV (51% owned) and KKR JV (51% owned), receiving $1.0B and $600.5M in noncontrolling contributions, respectively.
Management's Discussion (Item 2)
Dense MD&A with major capital events, convertible debt, JV formations, and detailed operating results.Notable- Top 20 clients represent 34.3% of annualized base rent; Dollar General largest at 3.3%.
- Dividend increased four times in 2026 to $0.2715/month; 9M 2026 payout ratio 72.7% of AFFO.
- Invested $7.9B (pro-rata $6.9B) in 9M 2026 at 7.1% yield, up from $2.6B/$2.2B in Q3 alone.
- Formed JV with KKR: received €528M for 49% stake in European portfolio; Realty retains 51%.
- Strategic JV with Cloud Capital to invest up to $1.4B for 45% stake in $6B+ data center portfolio.
- Occupancy 98.8% as of Sep 2026, up from 98.7% a year ago; 182 properties available for lease.
- Interest expense up 13.3% in Q3 2026 to $334M, driven by higher average borrowings ($31.95B vs $28.94B).
Market Risk (Item 3)
Detailed debt maturity table and quantified interest rate sensitivity for Q3 2026.Notable- Issued $800M of 4.750% senior notes due April 2033 in April 2026, with a $500M cross-currency swap to euros.
- Closed a $693.9M unsecured term loan due 2036 at 4.91% in March 2026, with a cross-currency swap for euros.
- Fund fully drew $380M unsecured delayed draw term loan in June 2026, fixed at 4.92% via swaps.
- A 1% interest rate change on variable-rate debt would change costs by $21.3M annually as of Q3 2026.
Unregistered Sales and Repurchases (Item 2)
Buyback program active with $1.7B remaining; 3M shares repurchased in August at $61.89.
What changed: Sep 2026 vs. Jun 2026
About 6% of O's Sep 2026 10-Q is new information. 31 paragraphs were added, 249 changed, and 58 removed. Below are the most important lines SECSift identified.
Changed
- Annualized base rent rose to $5.36 billion from $5.28 billion as of June 30, 2026.
- Net income available to common stockholders rose to $403.9M from $315.8M for the three months ended September 30, 2026 vs 2025.
- Exhibit 4.2 changed from 4.750% Note due 2033 issued April 7, 2026 to 3.625% Note due 2032 issued July 7, 2026.
- Exhibit 4.3 changed from Officers' Certificate for 4.750% Notes due 2033 dated April 7, 2026 to one for 3.625% Notes due 2032 dated July 7, 2026.
- Exhibit 4.4 changed from Form of 3.625% Note due 2032 issued July 7, 2026 to Form of 3.750% Convertible Senior Note due 2031 issued August 14, 2026.
- Exhibit 4.5 changed from Officers' Certificate for 3.625% Notes due 2032 dated July 7, 2026 to Indenture dated August 14, 2026 for 3.750% Convertible Senior Note due 2031.
- Dividend increased four times in 2026 (was three times as of June 30, 2026).
- Portfolio dropped to 15,536 properties from 15,588 as of June 30, 2026.
Everything here comes from Realty Income Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Nov 3, 2026, from the 10-Q for Sep 2026.