Buyback yield (TTM)
0.18%
Shareholder yield (TTM)
5.54%
5Y share count change
161.9%
Buyback spend (TTM)
$101.91M
Cumulative buybacks
$1.08B
Key takeaways
- Realty Income (O) repurchased about $101.91M of stock over the trailing twelve months.
- Diluted share count is up 161.9% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 2.81× — repurchases more than cover SBC dilution.
- TTM repurchases used about 9% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Realty Income (O)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Realty Income (O)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Realty Income (O)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Realty Income (O)
Latest: $0.00
Overview
Realty Income (O) most recent annual buyback spend stands at $0.00 (2025) – plunged 100.0% year-over-year.
Realty Income buyback spend compound annual growth for the 2015–2025 (10 years) window is -100.0%, with a net decline across the window.
Between 2017 and 2025, Realty Income buyback spend plunged 100.0%, falling from $408.75M to $0.00.
$408.75M stands as the all-time-high annual buyback spend, posted in 2017, against a low of $0.00 during 1993.
Realty Income Buyback Spend 2025: $0.00
In 2025, Realty Income reported buyback spend of $0.00, plunged 100.0% below 2024.
Realty Income Buyback Spend 2024: $172.51M
Realty Income buyback spend in 2024 was $172.51M.
Realty Income Buyback Spend 2023: $0.00
Realty Income buyback spend in 2023 was $0.00.
Realty Income Buyback Spend 2022: $0.00
Realty Income buyback spend in 2022 was $0.00.
Realty Income Buyback Spend 2021: $0.00
Realty Income buyback spend in 2021 was $0.00.
See more financial history for Realty Income (O).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $0.00 | $30.77M | −$30.77M | — | 0.90B | +3.2% | |
| 2024 | $172.51M | $57.49M | $115.02M | 0.37% | 0.88B | +26.5% | |
| 2023 | $0.00 | $26.23M | −$26.23M | — | 0.69B | +13.2% | |
| 2022 | $0.00 | $21.62M | −$21.62M | — | 0.61B | +47.6% | |
| 2021 | $0.00 | $41.77M | −$41.77M | — | 0.41B | +20.1% | |
| 2020 | $0.00 | $16.50M | −$16.50M | — | 0.35B | +9.3% | |
| 2019 | $21.12M | $13.66M | $7.46M | 0.09% | 0.32B | +9.0% | |
| 2018 | $2.75M | $27.27M | −$24.52M | 0.02% | 0.29B | +5.8% | |
| 2017 | $408.75M | $13.95M | $394.80M | 2.68% | 0.27B | +7.2% | |
| 2016 | $9.03M | $12.01M | −$2.98M | 0.06% | 0.26B | +8.2% | |
| 2015 | $6.75M | $10.39M | −$3.64M | 0.05% | 0.24B | +8.0% | |
| 2014 | $220.00M | $11.96M | $208.04M | 2.15% | 0.22B | +14.1% | |
| 2013 | $0.00 | $20.79M | −$20.79M | — | 0.19B | +44.3% | |
| 2012 | $127.50M | $10.00M | $117.50M | 1.91% | 0.13B | +5.3% | |
| 2011 | $0.00 | $0.00 | $0.00 | — | 0.13B | +19.1% | |
| 2010 | $0.00 | $0.00 | $0.00 | — | 0.11B | +2.3% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 0.10B | +2.3% | |
| 2008 | $0.00 | $0.00 | $0.00 | — | 0.10B | +0.9% | |
| 2007 | $0.00 | $0.00 | $0.00 | — | 0.10B | +11.6% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.09B | +12.1% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.08B | +2.0% | |
| 2004 | $103.14M | $0.00 | $103.14M | 5.31% | 0.08B | +10.4% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.07B | +4.8% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.07B | +20.2% | |
| 2001 | $169.00K | $0.00 | $169.00K | 0.02% | 0.06B | +5.4% | |
| 2000 | $6.50M | $0.00 | $6.50M | 1.01% | 0.05B | -0.4% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.05B | +1.1% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.05B | +13.3% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.05B | +2.3% | |
| 1996 | $188.00K | $0.00 | $188.00K | — | 0.05B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$0.00
- 2024$172.51M
- 2023$0.00
- 2022$0.00
- 2021$0.00
- 2020$0.00
- 2019$21.12M
- 2018$2.75M
- 2017$408.75M
- 2016$9.03M
- 2015$6.75M
- 2014$220.00M
- 2013$0.00
- 2012$127.50M
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$103.14M
- 2003$0.00
- 2002$0.00
- 2001$169.00K
- 2000$6.50M
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$188.00K
- 1995$0.00
- 1994$0.00
- 1993$0.00
Buybacks vs stock-based compensation for Realty Income (O)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 2.81×.
Buybacks vs dividends (share of cash returned) for Realty Income (O)
How Realty Income splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Realty Income, ranked by their latest buyback spend.
| $364.60M | |
| $227.15M | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $364.60M
- $227.15M
- $0.00
- $0.00
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.09B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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