{
  "id": 17995402,
  "title": "Realty Income Has Paid 676 Consecutive Monthly Dividends. Here’s How Its Earnings Results Fit the Bigger Picture.",
  "url": "https://urgent.news/2026/11/03/realty-income-has-paid-676-consecutive-monthly-dividends-heres-how",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T17:30:44.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/03/realty-income-has-paid-676-consecutive-monthly-dividends-heres-how-its-earnings-results-fit-the-bigger-picture/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Realty Income, the preferred dividend stock of the author, has paid 676 consecutive monthly dividends, a record dating back over 56 years. Its latest quarterly earnings show revenue growth of 10.3% and net income increase from the previous year. More crucial for mortgage REIT investors is the adjusted funds from operations (AFFO), which grew 3.7% year over year to $1.12 per share. Management has projected AFFO to be between $4.45 and $4.46 per share for the full year, while reaffirming its 2026 investment target of $10 billion. The company owns about 15,500 commercial properties, mostly leased to tenants for long-term net leases, covering various property-related expenses. The diverse client base spans nearly 100 industries and includes notable tenants like Dollar General and 7-Eleven, accounting for only 3.3% and 3% of annualized contractual rent respectively. Realty Income's occupancy rate has remained above 96% since 1992, even during financial crises and the COVID-19 pandemic. The company has been consistently investing, with $2.6 billion spent during the third quarter, resulting in a weighted-average cash yield of 6.8%. Its business model combines recurring rental income, a diversified property portfolio, and a long history of rewarding shareholders, with a payout ratio of about 73%. This consistent dividend policy, combined with dependable tenants, disciplined acquisitions, and sufficient cash flow, has created a convincing track record of increasing dividends over time, making Realty Income the author's favorite dividend stock.",
  "summary": "Realty Income’s latest results show the cash flow behind its payout and how modest its growth really is.",
  "key_points": [
    "Realty Income has paid 676 consecutive monthly dividends, a record since 1966",
    "Q2 earnings show 10.3% revenue growth and 3.7% AFFO increase to $1.12/share",
    "Company owns 15,500 properties, with 96%+ occupancy rate for 30 years"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}