Realty Income Reports Earnings Aug. 5. Here's How Much $15,000 Invested Pays Annually.

Realty Income (O) reports second-quarter earnings on August 5, with analysts expecting 7% revenue growth. The monthly-dividend REIT, focused on brick-and-mortar retail properties, currently yields 5%—delivering roughly $750 in annual income on a $15,000 position.

The company has raised its dividend for 31 consecutive years, a streak that underpins its appeal to income-focused portfolios. Management is now expanding into data centers, a pivot that could support faster dividend growth if the higher-margin infrastructure plays out.

At a 5% yield, Realty Income sits above the 10-year Treasury and many equity REIT peers, but the brick-and-mortar retail exposure remains a structural headwind as e-commerce pressures physical store demand. The data-center diversification offers a potential offset, though the segment's contribution to distributable cash flow won't be clear until the Q2 print.

The August 5 release will clarify whether occupancy rates held steady and whether the data-center pipeline is scaling quickly enough to move the needle on funds from operations.