Realty Income Announces Common Stock Dividend Increase of 1.5%

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Realty Income (NYSE: O) has announced a 1.5% increase in its monthly cash dividend to $0.268 per share from $0.264, payable on March 14, 2025, to stockholders of record as of March 3, 2025. This marks the company's 129th dividend increase since its NYSE listing in 1994 and represents the 656th consecutive monthly dividend in its 56-year operating history.

The new dividend reflects an annualized amount of $3.216 per share, up from the previous $3.168 per share. The company, known as 'The Monthly Dividend Company®', maintains a diversified portfolio of over 15,450 properties across the U.S., UK, and six European countries, supporting its commitment to providing growing monthly dividends through stable cash flows.

Positive

• 129th consecutive dividend increase since NYSE listing
• 656th consecutive monthly dividend payment over 56 years
• 1.5% increase in monthly dividend to $0.268 per share
• Diversified portfolio of over 15,450 properties across multiple countries
• Member of S&P 500 Dividend Aristocrats® index with 30+ years of dividend increases

Negative

• Relatively modest dividend increase rate of 1.5%

SAN DIEGO, Feb. 19, 2025 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.268 per share from $0.264 per share. The dividend is payable on March 14, 2025, to stockholders of record as of March 3, 2025. This is the 129^th dividend increase since Realty Income's listing on the NYSE in 1994. The new monthly dividend represents an annualized dividend amount of $3.216 per share as compared to the prior annualized dividend amount of $3.168 per share.

"Realty Income's ability to consistently deliver monthly dividends that increase over time is a testament to the dynamic platform we have built," said Sumit Roy, Realty Income's President and Chief Executive Officer. "This is the 110^th consecutive quarter we have increased our dividend since our 1994 NYSE listing and this declaration represents the 656^th consecutive monthly dividend throughout our 56-year operating history. With the payment of the March dividend, stockholders will realize a 1.5% increase in the amount of the dividend as compared to the previous month. The stable cash flow of our diversified portfolio of assets supports Realty Income's commitment to providing stockholders monthly dividends that grow over time."

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,450 properties in all 50 U.S. states, the U.K., and six other countries in Europe. We are known as "The Monthly Dividend Company^®," and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 656 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats^® index for having increased our dividend for the last 30 consecutive years. Additional information about the company can be found at www.realtyincome.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "estimated," "anticipated," "expect," "believe," "intend," "continue," "should," "may," "likely," "plans," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of our business and portfolio; cash flows; the intentions of management; and dividends, including the amount, growth, timing and payment of dividends related thereto. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in domestic and foreign income tax laws and rates; property ownership through joint ventures, partnerships and other arrangements which may limit control of the underlying investments; epidemics or pandemics, including measures taken to limit their spread, the impacts on us, our business, our clients, and the economy generally; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers and acquisitions including from the merger with Spirit Realty Capital, Inc.; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans or performance and speak only as of the date of this press release. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release and forecasts made in the forward-looking statements discussed in this press release might not materialize. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.

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SOURCE Realty Income Corporation

FAQ

What is Realty Income's new monthly dividend amount for March 2025?

Realty Income's new monthly dividend amount is $0.268 per share, payable on March 14, 2025.

How much did Realty Income (O) increase its dividend in February 2025?

Realty Income increased its dividend by 1.5%, from $0.264 to $0.268 per share.

What is Realty Income's new annualized dividend amount for 2025?

The new annualized dividend amount is $3.216 per share, increased from $3.168 per share.

How many consecutive monthly dividends has Realty Income (O) paid?

Realty Income has paid 656 consecutive monthly dividends throughout its 56-year operating history.

How many dividend increases has Realty Income made since its NYSE listing?

Realty Income has made 129 dividend increases since its NYSE listing in 1994.

What is the record date for Realty Income's March 2025 dividend?

The record date for Realty Income's March 2025 dividend is March 3, 2025.