Realty Income announced the establishment of a strategic relationship with GIC. The partnership will initially entail (1) the formation of a programmatic joint venture primarily focused on build-to-suit development of high-quality logistics real estate pre-leased under long-term net leases to tenants with investment grade-equivalent credit profiles in the U.S. The JV will have over $1.5B of combined capital commitments from Realty Income and GIC; (2) the construction financing and take out purchase commitment from Realty Income of a $200M build-to-suit, U.S. dollar-denominated industrial portfolio in Mexico, representing Realty Income's first investment in Mexico; and (3) GIC closing as a cornerstone investor in Realty Income's U.S. Core Plus fund. This relationship is expected to be long-term and programmatic in nature and is a component of Realty Income's private capital initiative aimed at diversifying its sources of capital beyond the public capital markets, while expanding its investable universe to core investment opportunities with attractive potential long-term return profiles.
Wall Street analysts forecast O stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for O is 62.59 USD with a low forecast of 60.00 USD and a high forecast of 67.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast O stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for O is 62.59 USD with a low forecast of 60.00 USD and a high forecast of 67.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
7 Hold
1 Sell
Hold
Current: 60.920
Low
60.00
Averages
62.59
High
67.50
Current: 60.920
Low
60.00
Averages
62.59
High
67.50
Deutsche Bank
Omotayo Okusanya
Hold
to
Buy
upgrade
$69
2026-01-20
Reason
Deutsche Bank
Omotayo Okusanya
Price Target
$69
AI Analysis
2026-01-20
upgrade
Hold
to
Buy
Reason
Deutsche Bank analyst Omotayo Okusanya upgraded Realty Income to Buy from Hold with a $69 price target.
Morgan Stanley
Equal Weight
maintain
$62 -> $65
2025-12-24
Reason
Morgan Stanley
Price Target
$62 -> $65
2025-12-24
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Realty Income to $65 from $62 and keeps an Equal Weight rating on the shares after updating the firm's 2025 and 2026 AFFO per share estimates.
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JPMorgan
Neutral -> Underweight
downgrade
$61
2025-12-18
Reason
JPMorgan
Price Target
$61
2025-12-18
downgrade
Neutral -> Underweight
Reason
JPMorgan downgraded Realty Income to Underweight from Neutral with an unchanged price target of $61. The firm made a number of rating changes in the real estate investment trust group as part of its 2026 outlook. The changes include two upgrades and seven downgrades. The number of downgrades reflects a "more stratified ratings distribution," the analyst tells investors in a research note.
Mizuho
Neutral
downgrade
$63 -> $60
2025-12-17
Reason
Mizuho
Price Target
$63 -> $60
2025-12-17
downgrade
Neutral
Reason
Mizuho lowered the firm's price target on Realty Income to $60 from $63 and keeps a Neutral rating on the shares.
About O
Realty Income Corporation is a real estate investment trust. The Company is engaged in acquiring and managing freestanding commercial properties that generate rental revenue under long-term net lease agreements with its commercial clients. It is engaged in a single business activity, which is the leasing of property to clients, generally on a net basis. That business activity spans various geographic boundaries and includes property types and clients engaged in various industries. The Company owns or holds interests in approximately 15,621 properties located in all 50 United States (U.S.) states, the United Kingdom, France, Germany, Ireland, Italy, Portugal, and Spain with clients doing business in 89 industries. Its property types include retail, industrial, gaming and others, such as agriculture and office. Its primary industry concentrations include grocery stores, convenience stores, dollar stores, drug stores, home improvement, restaurants-quick service and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
