<p><strong>Realty Income</strong> <strong>(NYSE:O)</strong> 的股票在過去一個月上漲了 0.86%，使其年初至今的漲幅達到了 9.45%。除了超越標準普爾 500 指數在 2025 年的 8.61% 的漲幅外，O 還為股東提供了當前收益率為 5.60% 的股息。</p>
<p>Realty Income 仍然是股息投資者投資組合中的重要組成部分。該商業房地產投資信託（REIT）每月支付股息，並且已經連續 659 個月支付，這也是投資者對該股票未來充滿信心的重要原因之一。另一個原因是其在歐洲市場的擴展，已經在英國、西班牙和其他國家增加了與長期淨租賃協議的商業物業，現有物業總數超過 13,000 個。</p>
<p>自稱為 “每月股息公司” 的房地產投資信託（REIT）在該領域開闢了一條新路徑，許多其他 REIT 現在都在效仿。O 的支付記錄非常出色，自 1994 年在紐約證券交易所上市以來，該 REIT 每季度都在增加股息。</p>
<p>Realty Income 已連續 30 年提高股息，現在已成為股息貴族，即屬於標準普爾 500 指數並且連續 25 年或更長時間增加股息的股票。自 1994 年首次公開募股以來，Realty Income 為投資者提供了 589.46% 的回報，未包括再投資的股息。問題是，Realty Income 的股票接下來會如何發展。<strong>24/7 Wall St.</strong> 為讀者提供了我們對該股票前景的假設、我們對未來幾年 O 股票的增長預期，以及我們對 Realty Income 每年股價的最佳估計，直到 2030 年。</p>
<h2>Realty Income (O) 最近的股票表現</h2>
<p>以下是 2019 年至 2024 年 O 股票的股價、收入和調整後的運營資金（AFFO）表現的匯總表：</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>年份</strong></td>
<td><strong>股價</strong></td>
<td><strong>收入 *</strong></td>
<td><strong>調整後的運營資金（AFFO）*</strong></td>
</tr>
<tr>
<td>2019</td>
<td>$71.30</td>
<td>$1.488</td>
<td>$1.050</td>
</tr>
<tr>
<td>2020</td>
<td>$60.20</td>
<td>$1.647</td>
<td>$1.172</td>
</tr>
<tr>
<td>2021</td>
<td>$71.59</td>
<td>$2.080</td>
<td>$1.488</td>
</tr>
<tr>
<td>2022</td>
<td>$63.43</td>
<td>$3.343</td>
<td>$2.401</td>
</tr>
<tr>
<td>2023</td>
<td>$57.42</td>
<td>$4.078</td>
<td>$2.774</td>
</tr>
<tr>
<td>2024</td>
<td>$52.60</td>
<td>$5.271</td>
<td>$3.621</td>
</tr>
</tbody>
</table>
<p>* 收入和 AFFO 以十億美元計。</p>
<p>該 REIT 在 2019 年以高點結束，全年總回報率為 21%，但與市場其他部分一樣，下一年因疫情而顛覆。O 股票在 2020 年以超過 11% 的虧損結束。儘管 Realty Income 在 2022 年強勁反彈，漲幅達到 24%，但由於快速上升的通貨膨脹和美聯儲決心遏制通脹，這一反彈未能持續。美聯儲前所未有的連續 11 次加息使得 REIT 市場陷入動盪。</p>
<p>這是因為 REIT 借錢投資新房地產，而它們支付的顯著更高的利率嚴重影響了它們的底線。Realty Income 試圖通過進入股權市場來緩解這一點。從 2013 年到 2020 年，O 的流通股數量以每年 8.8% 的速度穩定增長。通貨膨脹的開始和利率的飆升使得 REIT 的股票發行在 2020 年至 2023 年間激增至 26% 的複合年增長率。美聯儲今年開始降息，但隨着通貨膨脹再次上升，降息政策似乎被擱置。</p>
<p>儘管如此，Realty Income 仍然能夠繼續增加收入和 AFFO，自 2019 年以來增長了 244.85%。該 REIT 利用這些資金繼續獎勵股東，提高股息。</p>
<h2>Realty Income 股票表現的關鍵驅動因素</h2>
<p><strong>1. 全球與工業擴張：</strong> 該 REIT 的商業投資組合現在包括超過 13,000 個物業，正在擴大在歐洲的存在。去年，它在英國和西班牙顯著增長，與全球領先的體育品牌之一 Decathlon 簽署了一項價值 5.27 億歐元的交易。此外，它還在努力擴大其全球工業足跡，2024 年僅佔該 REIT 投資組合的 15%。</p>
<p><strong>2. 優質租户：</strong> 儘管系統受到的衝擊很大，但由於租户基礎的質量，Realty Income 能夠承受壓力測試。它的租户中包括 <strong>Amazon</strong> <strong>(NASDAQ:AMZN)</strong>、<strong>Starbucks</strong> <strong>(NASDAQ:SBUX)</strong> 和 <strong>Chipotle Mexican Grill</strong> <strong>(NYSE:CMG)</strong> 等數十家頂級零售商。</p>
<p><strong>3. 多元化：</strong> 按租賃面積計算，其三大租户是 <strong>Dollar General</strong> <strong>(NYSE:DG)</strong>、<strong>Walgreens Boots Alliance</strong> <strong>(NASDAQ:WBA)</strong> 和 <strong>Dollar Tree</strong> <strong>(NASDAQ:DLTR)</strong>。儘管這些美元商店和藥房連鎖店面臨自身的挑戰，但沒有一家租户佔總投資組合的超過 3%，這意味着其廣泛的多元化減少了任何一個租户的影響。它還擴展到工業市場、遊戲和數據中心，並且在地理足跡上也在不斷增長。</p>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/09/shutterstock-1942998298-huge-licensed-1-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/09/shutterstock-1942998298-huge-licensed-1-scaled.jpg"/></p>
<h2>Realty Income (O) 2025 年股票價格預測</h2>
<p>目前華爾街對 Realty Income 的中位數一年價格目標為 61.00 美元，基於今天的股價，潛在上漲幅度為 5.95%。在覆蓋 Realty Income 的 12 位分析師中，該 REIT 獲得了一致的 “持有” 評級，其中三位分析師給予 “買入” 評級，九位給予 “持有” 評級，零位給予 “賣出” 評級。他們的一年價格目標範圍從每股 68.00 美元到 58.00 美元。</p>
<p>然而，<strong>24/7 Wall St.</strong> 將 Realty Income 的一年價格目標設定為每股 61.70 美元，基於今天的股價，潛在上漲幅度為 7.17%。如果我們將 O 的價格與 AFFO 的比率與其同行進行比較，例如 <strong>Agree Realty</strong> <strong>(NYSE:ADC)</strong> 或 <strong>Simon Property Group</strong> <strong>(NYSE:SPG)</strong>，我們會發現它們的平均 P/AFFO 為 12.31，而 O 的為 10.52。</p>
<h2>Realty Income 的 2026-2030 年估計</h2>
<p>為了評估 Realty Income 未來幾年的股價，我們將查看預期收入和 AFFO，並通過賦予 AFFO 倍數來給出我們對公司市場價值的最佳估計。</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>年份</strong></td>
<td><strong>收入 *</strong></td>
<td><strong>AFFO*</strong></td>
</tr>
<tr>
<td>2026</td>
<td>$3.87</td>
<td>$3.263</td>
</tr>
<tr>
<td>2027</td>
<td>$4.652</td>
<td>$3.837</td>
</tr>
<tr>
<td>2028</td>
<td>$5.582</td>
<td>$4.512</td>
</tr>
<tr>
<td>2029</td>
<td>$6.699</td>
<td>$5.307</td>
</tr>
<tr>
<td>2030</td>
<td>$8.039</td>
<td>$6.241</td>
</tr>
</tbody>
</table>
<p>* 收入和 AFFO 以千為單位。</p>
<h2>Realty Income (O) 2025–2030 年股價預測</h2>
<p>儘管 Realty Income 的股票隨着利率環境的改善而穩步上漲，並且因為它不再需要發行大量股票來抵消借款成本，但該房地產投資信託在過去六年中每個季度都持續增加其股息。其總回報遠超標普 500 指數。</p>
<p>對於 2030 年，我們估計 AFFO 達到 62 億美元，P/AFFO 約為 16，仍然低於其 10 年平均水平，但更符合許多同行。這給我們帶來了每股目標價 86.43 美元，相較於今天的股價有 50.13% 的潛在上漲空間。</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>年份</strong></td>
<td><strong>目標價</strong></td>
<td><strong>與當前價格的變化百分比</strong></td>
</tr>
<tr>
<td>2025</td>
<td>$61.70</td>
<td>7.17%</td>
</tr>
<tr>
<td>2026</td>
<td>$69.15</td>
<td>20.11%</td>
</tr>
<tr>
<td>2027</td>
<td>$70.84</td>
<td>23.05%</td>
</tr>
<tr>
<td>2028</td>
<td>$80.10</td>
<td>39.13%</td>
</tr>
<tr>
<td>2029</td>
<td>$82.13</td>
<td>42.66%</td>
</tr>
<tr>
<td>2030</td>
<td>$86.43</td>
<td>50.13%</td>
</tr>
</tbody>
</table>
<p>關於 Realty Income (NYSE: O) 股價預測和 2025-2030 年預測的文章首次出現在 24/7 Wall St.。</p>

O.PR

<p>Realty Income（紐約證券交易所代碼：O）在過去一個月的股價上漲了 0.86%，年初至今的漲幅為 9.45%，表現優於標準普爾 500 指數。該房地產投資信託基金（REIT）提供 5.60% 的股息收益率，並且在過去 30 年中持續增加股息，業績卓越。Realty Income 正在歐洲擴展其投資組合，並在經濟挑戰中展現出韌性，自 2019 年以來，收入和調整後的運營資金（AFFO）顯著增長。該公司憑藉可靠的股息支付和優質的租户基礎，繼續吸引投資者</p>

<p>Shares of <strong>Realty Income</strong> <strong>(NYSE:O)</strong> gained 0.86% over the past month, bringing its year-to-date gain to 9.45%. In addition to outperforming the S&amp;P 500’s gain of 8.61% in 2025, O has provided shareholders with a dividend currently yielding 5.60%.</p>
<div class="lb-trans"><p><strong>Realty Income</strong> <strong>(NYSE:O)</strong> 的股票在過去一個月上漲了 0.86%，使其年初至今的漲幅達到了 9.45%。除了超越標準普爾 500 指數在 2025 年的 8.61% 的漲幅外，O 還為股東提供了當前收益率為 5.60% 的股息。</p>
</div><p>Realty Income remains a staple in dividend investors’ portfolios. The commercial REIT dividend — which pays out monthly and has for 659 consecutive months — is a large reason investors are confident in the stock moving forward. Another reason: its expanding footprint in the European market that has seen commercial properties with long-term net lease agreements added to its +13,000-property portfolio in the U.K., Spain and other countries.</p>
<div class="lb-trans"><p>Realty Income 仍然是股息投資者投資組合中的重要組成部分。該商業房地產投資信託（REIT）每月支付股息，並且已經連續 659 個月支付，這也是投資者對該股票未來充滿信心的重要原因之一。另一個原因是其在歐洲市場的擴展，已經在英國、西班牙和其他國家增加了與長期淨租賃協議的商業物業，現有物業總數超過 13,000 個。</p>
</div><p>Billing itself “The Monthly Dividend Company,” the real estate investment trust (REIT) blazed a new path in the field that numerous other REITs now follow. The track record of payments for O is remarkable, and since being listed on the NYSE in 1994, the REIT has increased its dividend every quarter.</p>
<div class="lb-trans"><p>自稱為 “每月股息公司” 的房地產投資信託（REIT）在該領域開闢了一條新路徑，許多其他 REIT 現在都在效仿。O 的支付記錄非常出色，自 1994 年在紐約證券交易所上市以來，該 REIT 每季度都在增加股息。</p>
</div><p>Having raised the payout for 30 consecutive years, Realty Income is now a Dividend Aristocrat, or a stock that is part of the S&amp;P 500 and has increased its dividend for 25 consecutive years or more. Since its IPO in 1994, Realty Income has provided investors with a 589.46% return, not including reinvested dividends. The question is, where does Realty Income stock go from here. <strong>24/7 Wall St.</strong> offers readers insights into our assumptions about the stock’s prospects, what sort of growth we see in O stock for the next several years, and our best estimates for Reality Income stock price each year through 2030.</p>
<div class="lb-trans"><p>Realty Income 已連續 30 年提高股息，現在已成為股息貴族，即屬於標準普爾 500 指數並且連續 25 年或更長時間增加股息的股票。自 1994 年首次公開募股以來，Realty Income 為投資者提供了 589.46% 的回報，未包括再投資的股息。問題是，Realty Income 的股票接下來會如何發展。<strong>24/7 Wall St.</strong> 為讀者提供了我們對該股票前景的假設、我們對未來幾年 O 股票的增長預期，以及我們對 Realty Income 每年股價的最佳估計，直到 2030 年。</p>
</div><h2>Realty Income (O) Recent Stock Performance</h2>
<div class="lb-trans"><h2>Realty Income (O) 最近的股票表現</h2>
</div><p>Here’s a table summarizing the performance in share price, revenues, and adjusted funds from operations (AFFO) of O stock from 2019 to 2024:</p>
<div class="lb-trans"><p>以下是 2019 年至 2024 年 O 股票的股價、收入和調整後的運營資金（AFFO）表現的匯總表：</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Year</strong></td>
<td><strong>Stock Price</strong></td>
<td><strong>Revenue*</strong></td>
<td><strong>Adjusted Funds From Operations (AFFO)*</strong></td>
</tr>
<tr>
<td>2019</td>
<td>$71.30</td>
<td>$1.488</td>
<td>$1.050</td>
</tr>
<tr>
<td>2020</td>
<td>$60.20</td>
<td>$1.647</td>
<td>$1.172</td>
</tr>
<tr>
<td>2021</td>
<td>$71.59</td>
<td>$2.080</td>
<td>$1.488</td>
</tr>
<tr>
<td>2022</td>
<td>$63.43</td>
<td>$3.343</td>
<td>$2.401</td>
</tr>
<tr>
<td>2023</td>
<td>$57.42</td>
<td>$4.078</td>
<td>$2.774</td>
</tr>
<tr>
<td>2024</td>
<td>$52.60</td>
<td>$5.271</td>
<td>$3.621</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>年份</strong></td>
<td><strong>股價</strong></td>
<td><strong>收入 *</strong></td>
<td><strong>調整後的運營資金（AFFO）*</strong></td>
</tr>
<tr>
<td>2019</td>
<td>$71.30</td>
<td>$1.488</td>
<td>$1.050</td>
</tr>
<tr>
<td>2020</td>
<td>$60.20</td>
<td>$1.647</td>
<td>$1.172</td>
</tr>
<tr>
<td>2021</td>
<td>$71.59</td>
<td>$2.080</td>
<td>$1.488</td>
</tr>
<tr>
<td>2022</td>
<td>$63.43</td>
<td>$3.343</td>
<td>$2.401</td>
</tr>
<tr>
<td>2023</td>
<td>$57.42</td>
<td>$4.078</td>
<td>$2.774</td>
</tr>
<tr>
<td>2024</td>
<td>$52.60</td>
<td>$5.271</td>
<td>$3.621</td>
</tr>
</tbody>
</table>
</div><p>*Revenue and AFFO $billions.</p>
<div class="lb-trans"><p>* 收入和 AFFO 以十億美元計。</p>
</div><p>The REIT ended 2019 on a high note, closing out the year with a 21% total return, but like the rest of the market, the next year would be turned upside down due to the pandemic. O stock ended 2020 with a greater than 11% loss. While Realty Income would bounce back sharply in 2022 with a 24% gain, it was a rally that could not be sustained due to rapidly rising inflation and a Federal Reserve determined to tame it. The central bank’s unprecedented 11 consecutive hikes in the federal funds rate would send the REIT market into a tailspin.</p>
<div class="lb-trans"><p>該 REIT 在 2019 年以高點結束，全年總回報率為 21%，但與市場其他部分一樣，下一年因疫情而顛覆。O 股票在 2020 年以超過 11% 的虧損結束。儘管 Realty Income 在 2022 年強勁反彈，漲幅達到 24%，但由於快速上升的通貨膨脹和美聯儲決心遏制通脹，這一反彈未能持續。美聯儲前所未有的連續 11 次加息使得 REIT 市場陷入動盪。</p>
</div><p>That’s because REITs borrow money to invest in new real estate and the dramatically higher rates they pay hit their bottom line hard. Realty Income tried to mitigate that by hitting the equity markets. From 2013 to 2020, O’s shares outstanding rose at a fairly consistent 8.8% annually. The onset of inflation and spiraling interest rates saw the REITs stock issuance surge to a 26% compound annual growth rate from 2020 to 2023. The Fed started to lower rates this year, but as inflation flared anew, the rate-easing policy seems to be on hold.</p>
<div class="lb-trans"><p>這是因為 REIT 借錢投資新房地產，而它們支付的顯著更高的利率嚴重影響了它們的底線。Realty Income 試圖通過進入股權市場來緩解這一點。從 2013 年到 2020 年，O 的流通股數量以每年 8.8% 的速度穩定增長。通貨膨脹的開始和利率的飆升使得 REIT 的股票發行在 2020 年至 2023 年間激增至 26% 的複合年增長率。美聯儲今年開始降息，但隨着通貨膨脹再次上升，降息政策似乎被擱置。</p>
</div><p>Through it all, however, Realty Income was able to continue increasing revenue and AFFO, which has surged 244.85% since 2019. The REIT has used those funds to continue rewarding shareholders with dividend hikes.</p>
<div class="lb-trans"><p>儘管如此，Realty Income 仍然能夠繼續增加收入和 AFFO，自 2019 年以來增長了 244.85%。該 REIT 利用這些資金繼續獎勵股東，提高股息。</p>
</div><h2>Key Drivers of Realty Income’s Stock performance</h2>
<div class="lb-trans"><h2>Realty Income 股票表現的關鍵驅動因素</h2>
</div><p><strong>1. Global &amp; Industrial Expansion:</strong> The REIT’s commercial portfolio, which now includes more than 13,000 properties, is expanding its presence in Europe. Last year, it grew significantly in the U.K. and Spain, having signed a €527 million deal with Decathlon, one of the world’s leading sports brands. Additionally, it is working to expand its global industrial footprint, which accounted for just 15% of the REIT’s portfolio in 2024.</p>
<div class="lb-trans"><p><strong>1. 全球與工業擴張：</strong> 該 REIT 的商業投資組合現在包括超過 13,000 個物業，正在擴大在歐洲的存在。去年，它在英國和西班牙顯著增長，與全球領先的體育品牌之一 Decathlon 簽署了一項價值 5.27 億歐元的交易。此外，它還在努力擴大其全球工業足跡，2024 年僅佔該 REIT 投資組合的 15%。</p>
</div><p><strong>2. Quality Tenants:</strong> Although the shock to the system was significant, Realty Income was able to withstand the stress test due to the quality of its tenant base. It counts dozens of top-shelf retail outlets amongst its tenants, including <strong>Amazon</strong> <strong>(NASDAQ:AMZN)</strong>, <strong>Starbucks</strong> <strong>(NASDAQ:SBUX)</strong> and <strong>Chipotle Mexican Grill</strong> <strong>(NYSE:CMG)</strong>.</p>
<div class="lb-trans"><p><strong>2. 優質租户：</strong> 儘管系統受到的衝擊很大，但由於租户基礎的質量，Realty Income 能夠承受壓力測試。它的租户中包括 <strong>Amazon</strong> <strong>(NASDAQ:AMZN)</strong>、<strong>Starbucks</strong> <strong>(NASDAQ:SBUX)</strong> 和 <strong>Chipotle Mexican Grill</strong> <strong>(NYSE:CMG)</strong> 等數十家頂級零售商。</p>
</div><p><strong>3. Diversification:</strong> Its three largest tenants by space leased are <strong>Dollar General</strong> <strong>(NYSE:DG)</strong>, <strong>Walgreens Boots Alliance</strong> <strong>(NASDAQ:WBA)</strong> and <strong>Dollar Tree</strong> <strong>(NASDAQ:DLTR)</strong>. Although the dollar stores and pharmacy chain are encountering headwinds of their own, none represents more than 3% of the total portfolio, meaning its broad diversification reduces the impact any one tenant will have. It has also expanded into industrial markets, gaming, and data centers, as well as having a growing geographical footprint.</p>
<div class="lb-trans"><p><strong>3. 多元化：</strong> 按租賃面積計算，其三大租户是 <strong>Dollar General</strong> <strong>(NYSE:DG)</strong>、<strong>Walgreens Boots Alliance</strong> <strong>(NASDAQ:WBA)</strong> 和 <strong>Dollar Tree</strong> <strong>(NASDAQ:DLTR)</strong>。儘管這些美元商店和藥房連鎖店面臨自身的挑戰，但沒有一家租户佔總投資組合的超過 3%，這意味着其廣泛的多元化減少了任何一個租户的影響。它還擴展到工業市場、遊戲和數據中心，並且在地理足跡上也在不斷增長。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/09/shutterstock-1942998298-huge-licensed-1-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2024/09/shutterstock-1942998298-huge-licensed-1-scaled.jpg"/></p>
<h2>Realty Income (O) Stock Price Forecast for 2025</h2>
<div class="lb-trans"><h2>Realty Income (O) 2025 年股票價格預測</h2>
</div><p>The current Wall Street median, one-year price target for Realty Income is $61.00, good for potential upside of 5.95% based on today’s share price. Of the 12 analysts covering Realty Income, the REIT receives a consensus “Hold” rating, with three analysts assigning it a “Buy” rating, nine assigning it a “Hold” rating and zero assigning it a “Sell” rating. Their one-year price targets range from $68.00 per share to $58.00 per share.</p>
<div class="lb-trans"><p>目前華爾街對 Realty Income 的中位數一年價格目標為 61.00 美元，基於今天的股價，潛在上漲幅度為 5.95%。在覆蓋 Realty Income 的 12 位分析師中，該 REIT 獲得了一致的 “持有” 評級，其中三位分析師給予 “買入” 評級，九位給予 “持有” 評級，零位給予 “賣出” 評級。他們的一年價格目標範圍從每股 68.00 美元到 58.00 美元。</p>
</div><p>However, <strong>24/7 Wall St.</strong> sets its one-year price target for Realty Income at $61.70 per share, good for potential upside of 7.17% based on today’s share price. If we compare O’s price-to-AFFO versus its peers — such as <strong>Agree Realty</strong> <strong>(NYSE:ADC)</strong> or <strong>Simon Property Group</strong> <strong>(NYSE:SPG)</strong> — we see they trade at an average P/AFFO of 12.31, while O goes for 10.52.</p>
<div class="lb-trans"><p>然而，<strong>24/7 Wall St.</strong> 將 Realty Income 的一年價格目標設定為每股 61.70 美元，基於今天的股價，潛在上漲幅度為 7.17%。如果我們將 O 的價格與 AFFO 的比率與其同行進行比較，例如 <strong>Agree Realty</strong> <strong>(NYSE:ADC)</strong> 或 <strong>Simon Property Group</strong> <strong>(NYSE:SPG)</strong>，我們會發現它們的平均 P/AFFO 為 12.31，而 O 的為 10.52。</p>
</div><h2>Realty Income’s Estimates 2026–2030</h2>
<div class="lb-trans"><h2>Realty Income 的 2026-2030 年估計</h2>
</div><p>Valuing Realty Income’s stock price for the coming years, we will take a look at expected revenue and AFFO and give our best estimate of the market value of the company by assigning a price-to-AFFO multiple.</p>
<div class="lb-trans"><p>為了評估 Realty Income 未來幾年的股價，我們將查看預期收入和 AFFO，並通過賦予 AFFO 倍數來給出我們對公司市場價值的最佳估計。</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Year</strong></td>
<td><strong>Revenue*</strong></td>
<td><strong>AFFO*</strong></td>
</tr>
<tr>
<td>2026</td>
<td>$3.87</td>
<td>$3.263</td>
</tr>
<tr>
<td>2027</td>
<td>$4.652</td>
<td>$3.837</td>
</tr>
<tr>
<td>2028</td>
<td>$5.582</td>
<td>$4.512</td>
</tr>
<tr>
<td>2029</td>
<td>$6.699</td>
<td>$5.307</td>
</tr>
<tr>
<td>2030</td>
<td>$8.039</td>
<td>$6.241</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>年份</strong></td>
<td><strong>收入 *</strong></td>
<td><strong>AFFO*</strong></td>
</tr>
<tr>
<td>2026</td>
<td>$3.87</td>
<td>$3.263</td>
</tr>
<tr>
<td>2027</td>
<td>$4.652</td>
<td>$3.837</td>
</tr>
<tr>
<td>2028</td>
<td>$5.582</td>
<td>$4.512</td>
</tr>
<tr>
<td>2029</td>
<td>$6.699</td>
<td>$5.307</td>
</tr>
<tr>
<td>2030</td>
<td>$8.039</td>
<td>$6.241</td>
</tr>
</tbody>
</table>
</div><p>*Revenue and AFFO in thousands.</p>
<div class="lb-trans"><p>* 收入和 AFFO 以千為單位。</p>
</div><h2>Realty Income (O) Stock Price Forecast for 2025–2030</h2>
<div class="lb-trans"><h2>Realty Income (O) 2025–2030 年股價預測</h2>
</div><p>Although Realty Income’s stock has steadily risen as the interest rate environment improved and because it no longer needs to to issue significant amounts of stock to offset borrowing costs, the REIT has continued to increase its dividend every quarter for the past six years. Its total return handily surpasses that of the S&amp;P 500.</p>
<div class="lb-trans"><p>儘管 Realty Income 的股票隨着利率環境的改善而穩步上漲，並且因為它不再需要發行大量股票來抵消借款成本，但該房地產投資信託在過去六年中每個季度都持續增加其股息。其總回報遠超標普 500 指數。</p>
</div><p>For 2030, we estimate AFFO reaches $6.2 billion with a P/AFFO of around 16, still well below its 10-year average, but more in line with many of its peers. That gives us a price target of $86.43 per share, or 50.13% potential upside from today’s share price.</p>
<div class="lb-trans"><p>對於 2030 年，我們估計 AFFO 達到 62 億美元，P/AFFO 約為 16，仍然低於其 10 年平均水平，但更符合許多同行。這給我們帶來了每股目標價 86.43 美元，相較於今天的股價有 50.13% 的潛在上漲空間。</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Year</strong></td>
<td><strong>Price Target</strong></td>
<td><strong>%Change From Current Price</strong></td>
</tr>
<tr>
<td>2025</td>
<td>$61.70</td>
<td>7.17%</td>
</tr>
<tr>
<td>2026</td>
<td>$69.15</td>
<td>20.11%</td>
</tr>
<tr>
<td>2027</td>
<td>$70.84</td>
<td>23.05%</td>
</tr>
<tr>
<td>2028</td>
<td>$80.10</td>
<td>39.13%</td>
</tr>
<tr>
<td>2029</td>
<td>$82.13</td>
<td>42.66%</td>
</tr>
<tr>
<td>2030</td>
<td>$86.43</td>
<td>50.13%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>年份</strong></td>
<td><strong>目標價</strong></td>
<td><strong>與當前價格的變化百分比</strong></td>
</tr>
<tr>
<td>2025</td>
<td>$61.70</td>
<td>7.17%</td>
</tr>
<tr>
<td>2026</td>
<td>$69.15</td>
<td>20.11%</td>
</tr>
<tr>
<td>2027</td>
<td>$70.84</td>
<td>23.05%</td>
</tr>
<tr>
<td>2028</td>
<td>$80.10</td>
<td>39.13%</td>
</tr>
<tr>
<td>2029</td>
<td>$82.13</td>
<td>42.66%</td>
</tr>
<tr>
<td>2030</td>
<td>$86.43</td>
<td>50.13%</td>
</tr>
</tbody>
</table>
</div><p>The post Realty Income (NYSE: O) Stock Price Prediction and Forecast 2025-2030 (July 2025) appeared first on 24/7 Wall St..</p>
<div class="lb-trans"><p>關於 Realty Income (NYSE: O) 股價預測和 2025-2030 年預測的文章首次出現在 24/7 Wall St.。</p>
</div>

Realty Income（NYSE 代碼：O）股票價格預測及 2025-2030 年展望（2025 年 7 月）