Realty Income Corporation, often referred to as Realty Income, is a prominent player in the real estate investment trust (REIT) industry, headquartered in the United States. Founded in 1969, the company has established itself as a leader in the acquisition and management of commercial properties, primarily focusing on single-tenant retail and commercial real estate. With a diverse portfolio spanning across major operational regions in the US, Realty Income is renowned for its monthly dividend payments, a unique feature that appeals to income-focused investors. The company has achieved significant milestones, including a consistent track record of dividend increases, positioning it as a reliable choice in the market. Realty Income's commitment to long-term leases with high-quality tenants further solidifies its reputation as a stable investment option in the competitive real estate sector.
How does Realty Income's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Realty Income's score of 44 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Realty Income Corporation reported total carbon emissions of approximately 16,545,000 kg CO2e. This includes Scope 1 emissions of about 495,000 kg CO2e, Scope 2 emissions of approximately 1,050,000 kg CO2e, and significant Scope 3 emissions totalling around 15,000,000 kg CO2e. The Scope 3 emissions are primarily driven by downstream leased assets, which account for about 5,214,278,000 kg CO2e. In 2023, the company recorded total emissions of about 15,980,000 kg CO2e, with Scope 1 emissions at approximately 480,000 kg CO2e and Scope 2 emissions around 1,000,000 kg CO2e. The Scope 3 emissions for that year were about 14,500,000 kg CO2e, again largely influenced by downstream leased assets. Realty Income has set ambitious climate commitments, aiming for net-zero emissions across both Scope 1 and Scope 2 by 2030. Additionally, the company has committed £1 billion to achieve net-zero emissions for these scopes by 2040, focusing on increasing renewable energy usage and enhancing energy efficiency in operations. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Realty Income Corporation. The company actively discloses its emissions across all relevant scopes, demonstrating a commitment to transparency and accountability in its climate strategy.
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 10,000 | 00,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 325,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 000 |
| Scope 3 | 11,992,000 | 00,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Realty Income's Scope 3 emissions, which increased by 3% last year and increased by approximately 25% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 34762% of Scope 3 emissions.
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Realty Income has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
