Realty Income Stock Analysis: The Most Complete O Breakdown on YouTube
675 CHECKS OSTOCK Lower than 10 years ago Watch on YouTube, 31:30
The full breakdown runs 31:30. The written version below covers the numbers.
Realty Income has paid 675 monthly dividends in a row, it is A-rated and it yields near 6%. The stock is lower than it was 10 years ago. It fell 21% from its March high to $53.35 on October 7 while the 10-year Treasury yield climbed to 5.31%, its highest since 2007.
O close, Oct 16, 2026
Price to 2026 AFFO
2026 AFFO payout
What broke O in 2026
The 10-year seesaw. When Treasury yields rise, a 6% dividend looks less special and the price falls until the yield catches up. The gap between O's yield and the 10-year got to its narrowest since January 2007.
The growth machine
O owns net lease buildings rented to tenants like Dollar General, 7-Eleven and Walgreens. Rents grow about 1% a year, so growth comes from buying more buildings with debt and new stock. A falling stock price cuts off one of those two fuel lines.
Is the monthly dividend safe?
The payout is about 73% of AFFO, the cash flow measure REITs use, and the A rating is the business model. The 2026 raises are a twentieth of a penny, below inflation. The video covers the W. P. Carey cut and the debt coming due.
The O price rule
O doesn't bottom until the 10-year tops. The video sets a simple price rule tied to the 10-year, compares the 4 crashes since 2022, and looks at 2004 vs 2007.
Who O is for
O trades at 12.6 times 2026 AFFO against a 10-year average near 17.6. The video compares it with SCHD and Treasuries, covers taxes, the bull and bear case, and gives the O stock levels to watch.
Another income fund retirees own that the 10-year hit: SCHD ETF Analysis.
Sources: Realty Income Q2 2026 earnings release, supplemental and 10-Q; S&P Global and Moody's ratings as reported by Realty Income; W. P. Carey filings; FRED DGS10; Yahoo Finance, my own calculations. Nothing here is investment advice.