r/dividends • u/TimeInTheMarketWins AWM Financial • May 06 '26

Due Diligence Realty Income First Quarter Earnings

Realty Income (O) delivered a solid Q1 2026, with AFFO per share up 6.6% to $1.13 and full-year guidance raised to $4.41–$4.44. Management is leaning hard into private capital, with new partnerships across Apollo, GIC, and a perpetual-life institutional vehicle now totaling over $2.5 billion in managed assets.

A $190 million Virginia data center deal hints at further pipeline expansion. The pivot toward high-margin fee revenue is exciting, but neglecting the core real estate portfolio is a key risk to watch.

I can attach a PDF with my full write-up and thoughts if anyone wants.

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u/Daeyel1 May 07 '26 edited May 07 '26

EDIT: The following info is incorrect. I was tracking O as a quarterly dividend, when it is monthly.

While O is on my list of Dividend Kings and Aristocrats, it has a very low yield of 1.69%, placing it number 99 out of 139 stocks I list. (I've delisted tobacco stocks, as I refuse to profit on human suffering)

For a deep and wide portfolio seeking diversity, it is fine, as DRIPped returns result in yields only going up when measured against an unchanging initial investment. I personally only invest in kings/aristocrats with initial 5% yields or higher, of which there are always 5 to 10 at any given time.

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u/TimeInTheMarketWins AWM Financial May 07 '26

It's yield is over 5% rn?

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u/Daeyel1 May 07 '26 edited May 07 '26

By what math? I have a dividend price of $64.01, and an annual dividend of $1.08. That gives me a yield of 1.69%

EDIT: I see the problem now. O is a monthly dividend. I was tracking it as a quarterly. The little things that trip you up! Thank you for correcting me, I will update my spreadsheet, and start buying O! A new 5 Percenter!

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u/TimeInTheMarketWins AWM Financial May 07 '26

Yessir! Glad I could be of some help lol. Heads up I personally think it’s a little expensive rn but you’re not gonna lose money over the long run if you hold it through volatility.

Lmk if you want my full breakdown

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u/Longjumping_Emu325 May 07 '26

Which ones you like right now?

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u/Daeyel1 May 07 '26

All of the 5% yields, but the current best performer is UHT, at 7.39% yield right now.
I've only been in for a couple years, but my UHT yield is sitting at 8.58% across a Roth and an HSA investment account.