Vanguard discloses zero ownership in Realty Income (NYSE: O) after realignment

Rhea-AI Filing Summary

Realty Income Corp: The Vanguard Group filed Amendment No. 19 to its Schedule 13G/A reporting 0 shares beneficially owned and 0% of Realty Income Corp common stock. The filing explains an internal realignment on 01/12/2026 that disaggregated certain subsidiaries' holdings from The Vanguard Group.

The statement is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026, and confirms that no single other person holds more than 5% of the class among the reported accounts.

Insights

Institutional Ownership Analyst

Vanguard reports no beneficial ownership after internal realignment.

The filing states the internal reorganization on 01/12/2026 led certain subsidiaries or divisions to report holdings separately, and the Schedule 13G/A shows 0% ownership and 0 shares beneficially owned.

This means the parent entity no longer claims aggregated ownership here; subsequent filings from the named subsidiaries would show any active positions.

Securities Compliance Attorney

Amendment clarifies reporting attribution under SEC Release No. 34-39538.

The filing cites reliance on 01/12/1998 SEC Release No. 34-39538 and disaggregation of beneficial ownership, a compliance measure to report subsidiary holdings separately. The signature is dated 03/27/2026.

Legal focus: watch for separate 13 filings by Vanguard subsidiaries if investors seek the actual holder-level positions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/27/2026 - 11:37 AM Learn about SEC filing dates

FAQ

What does Vanguard report in the Schedule 13G/A for Realty Income (O)?

Direct answer: Vanguard reports 0 shares beneficially owned, representing 0% of the class. Supporting context: The amendment cites an internal realignment on 01/12/2026 that caused subsidiaries to report separately; signature dated 03/27/2026.

Why does the filing mention an internal realignment on January 12, 2026?

Direct answer: The filing states Vanguard reorganized certain subsidiaries, leading to disaggregated reporting. Supporting context: It relies on SEC Release No. 34-39538 to report subsidiaries or business divisions separately from The Vanguard Group.

Does this amendment indicate any single person holds more than 5% of Realty Income?

Direct answer: The filing declares that no other person shown has an interest exceeding 5%. Supporting context: The Schedule 13G/A includes the standard statement that no one person's interest reported is more than 5% of the class.

Who signed the Schedule 13G/A amendment for Vanguard and when?

Direct answer: The form is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026. Supporting context: The signature block confirms the filing date and the signing officer's title for the amendment.

Will Vanguard's subsidiaries report their Realty Income holdings separately?

Direct answer: The filing states subsidiaries will report beneficial ownership separately in reliance on the SEC release. Supporting context: The amendment explains subsidiaries pursue the same strategies and will file disaggregated holdings following the 01/12/2026 realignment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 19)

Realty Income Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

756109104

(CUSIP Number)

03/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 756109104

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Realty Income Corp
(b)	Address of issuer's principal executive offices: 11995 El Camino Real, San Diego, CA, 92130
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd.,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/27/2026