Research tool only. Not financial advice. Not tax advice. Data may be delayed, incomplete, or wrong. You can lose money.
REIT Signal Desk
Multifamily book · thesis-first · paper overlay
Pre-open · US cash closedMarks seed · X cached
Coreshares-only
Net leaseoccupancy / supply snapshot 1/5 · Later layer — empty. Not a rec.Net lease

O Realty Income Corporation

Yahoo Finance chart · often 15-min delayed

54.24
+0.13%
Volume / 20d
2964087 / 9390979.35
52w
53.15 – 67.94
RSI
31.6
20-DMA
55.55
ATR
0.84
20d vol
16.5%
β VNQ
0.84
β TLT
0.35
In book
watch/other

12-month thesis

Corestub, not a thesis

A hold memo is not a 20-DMA blurb. Recs quote the falsifier. Invalidation is occupancy, trade-outs, refinancing wall, or private-market cap rates — not a close below the average. Two-sentence default is a stub until you write it.

Later layer — display/research only. Recs will not BUY until this sleeve is in the map.

REIT operating & capital structure

no public print

Research and recs use the figure the company actually printed. AFFO stays n/a unless the release says AFFO. Core FFO, Nareit FFO, and FFOA are labeled as such. Your cap, your NAV, and your refi spread stay blank — those are not filings. REIT dividends are mostly ordinary income in a taxable account. Basis and holding period still matter. Not tax advice.

FFO / sh
n/a
Not printed as AFFO
FFO yield
n/a
FFO payout
n/a
Occupancy
n/a
SSNOI growth
n/a
Trade-out
n/a
blended lags
Implied cap
n/a
Cap ex-dev
n/a
NAV premium
n/a
Your NAV is not set. Peer-cap NAV and the +50bp NAV are in the cap path. Neither one is written here.
Net debt
$30.76B
Net debt / EBITDA
n/a
% floating
n/a
Div yield (Yahoo)
6.01%
Leverage quintile vs MF peers
n/a
Implied cap vs peers
n/a

n/a — NOI dollars were not printed, so there is no cap.

Duration gap
n/a — need % floating or weighted-average maturity
Cap rates +50bp
n/a

n/a — need implied cap (printed NOI, filing net debt, and a matching equity value).

Occupancy −200bp
n/a

n/a — need occupancy snapshot.

Rates +100bp on floating debt
n/a

n/a — need % floating, net debt, and market cap.

Per door
NOI / door
n/a
units n/a
Net debt / door
n/a
Equity / door
n/a

n/a — per-door comps stay inside one apartment layer.

NAV bridge
Equity value
n/a
NAV / sh
n/a
Premium
n/a

n/a — Your cap is not set. Do not default a cap. Same-store NOI is not set. Do not substitute total NOI — that would cap development income and also add dev at cost.

12-month bridge
Trade-out
New lease
n/a
Renewal
n/a
Blended
n/a
Refi
Interest / yr
n/a
Cents / sh
n/a
AFFO/sh − interest
n/a

n/a — The filing did not print a 24-month maturity wall. Interest only, no principal, no fees.

Fundamentals

Sector
Real Estate
Mkt cap
$51.32B
EV
$84.40B
Total debt
$31.33B
Cash
$569.95M
D/E
74.7
Div yield
6.01%
Div / sh
3.26
Yahoo β
0.70
P/B
1.30
PE (often n/a for REITs)
39.3
FCF
$1.58B

Crowd (labeled sentiment)

X silent on this name this cycle — still tradable if the setup is clean.

Liquidity at this size

shares-onlyordinaryborrow n/a

ATM spread/mid 22% > 10% — 5–10 lot is not workable. Shares only.

Treated as a US listed ordinary.

ATM spread/mid 22.2% · OI 6276 · 10-lot $55,000. Thresholds: spread/mid > 10% → shares-only; ATM OI < 50 or 10-lot notional > $250,000 → not a 10-lot. Missing bid/ask is unknown, not a block.

PM memo

Prints · O

REIT prints are SSNOI, occupancy, guidance, and cap-rate commentary — not a reason to dump a 12-month name. Dates are a cached research snapshot, not a live IR feed. Yahoo earnings stay on Research. The 1–5 chips are an occupancy/supply debate snapshot, not a live occupancy print.

No dated prints in the window.

Add a dated print

Manual snapshot only. Occupancy / SSNOI / cap-rate commentary — not a live IR feed.