
Realty Income Corporation (O), headquartered in San Diego, California, is a real estate partner to the world's leading companies. With a market cap of $52.9 billion, the company owns and manages a portfolio of commercial properties located across the U.S. Realty Income focuses on acquiring single-tenant retail locations, leased to regional and national chains, and under long-term net lease agreements.
Shares of this REIT giant have underperformed the broader market considerably over the past year. O has declined 4.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.4%. In 2025, O stock is up 8.4%, compared to the SPX’s 16% gains on a YTD basis.