Realty Income Corporation
-0.67 %
5.63 %
Yet to be announced
Company Overview
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties.
Revenue Sources
PassAfter reviewing Realty Income's tenant portfolio and revenue sources, the company's income primarily comes from rental payments from commercial properties. While some tenants may operate in industries that could be considered questionable from an Islamic perspective (such as convenience stores that may sell alcohol), these represent a minor portion of the overall revenue stream. The company's core business model of real estate leasing is halal.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $1.38b | $1.14b | - | - | 0.00% | 0.00% |
| Dec. 31, 2024 | $1.34b | $1.15b | - | $-750,000,000.0 | 0.00% | 64.89% |
| Sept. 30, 2024 | $1.33b | $1.1b | - | $261.26m | 0.00% | 23.68% |
| June 30, 2024 | $1.34b | $1.1b | - | $246.93m | 0.00% | 22.52% |
Based on the financial data provided, interest expense represents a significant portion of the company's total expenses across the examined quarters. As a REIT, the company uses leverage as part of its business model to acquire properties. The interest expense ratios consistently exceed the 5% threshold that would be considered acceptable from an Islamic finance perspective.
Operational Ethics
PassBased on available information from SEC filings and company reports, Realty Income Corporation does not have significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States, Puerto Rico, and Western Europe, with no notable presence or partnerships in regions of concern.
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