Is it safe?
Can O take a bad year?
Realty Income carries $884M of net debt at 0.23× EBITDA: a load its earnings can carry.
$884M
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.23×
Net debt / EBITDA · −0.20× a year ago · the load is going up
- Cash runway
- 0.3 years
Cash runway · burning $496M a quarter at the current rate
- Annualised volatility
- 18%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $1.44B
- Cash and short-term investments
- $553M
- Net debt
- $884M
- EBITDA, trailing twelve months
- $3.76B
- Operating profit, trailing twelve months
- $1.22B
- Debt / equity
- 0.04×
- Total debt / EBITDA
- 0.38×
- Annualised volatilitytwo years of daily moves
- 18%
- Worst drawdown on file
- −48%
- Below its 52-week high
- −6.6%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.