Realty Income Corporation · REIT · graded on the House framework — is the payout covered, is the yield real or a trap, and does it compound or just pay? Snapshot · October 2026
ORealty Income CorporationIn the HouseREIT
Yield
~5.2%
Annualized
AFFO payout
~75%
Covered, with cushion
Debt / EBITDA
~5.5×
Investment grade
Pays
Monthly
Raised 130+ times
House verdict
Well covered. The monthly-payer benchmark. AFFO covers the dividend with room, the balance sheet is investment grade, and the raise streak runs through recessions. For a REIT, the House reads AFFO payout — never the EPS payout, which depreciation makes meaningless.
✓AFFO coverage check:~75% of AFFO paid out leaves a real cushion for a REIT.
✓Yield check:~5.2% is high but earned — backed by long leases (WALE ~10 yrs) across thousands of properties, not one tenant bet.
O in the House
Room: Rental Income — one of the House's own holdings, held at a 16% target weight. Target 16% — REIT rent checks. Monthly distributions from real estate, the closest thing to a tenant's check without owning the building.
Every card is graded the same way and re-checked against the company's own filings. The Weekly House Score reports whatever crosses a House threshold; the House Tracker is the spreadsheet the framework itself runs on.
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Figures are the October 2026 snapshot, checked against company filings and announcements — not a live feed, and not financial advice. Read the full disclaimers.
