Realty Income Corporation, often referred to as Realty Income, is a prominent real estate investment trust (REIT) headquartered in San Diego, California. Established in 1969, the company has built a strong reputation in the net lease sector, primarily focusing on retail and commercial properties across the United States and parts of Europe. Realty Income is renowned for its monthly dividend payments, a unique feature that sets it apart in the industry. With a diverse portfolio of over 6,500 properties leased to high-quality tenants, the company has achieved significant milestones, including its status as a member of the S&P 500. Realty Income's commitment to providing reliable income streams has solidified its position as a leader in the REIT market, appealing to both individual and institutional investors seeking stability and growth.
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 27 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Realty Income reported total carbon emissions of approximately 2.66 million tonnes CO2e. This figure includes 55,000 tonnes CO2e from Scope 1 emissions, which primarily consist of direct emissions from owned or controlled sources, and 318,000 tonnes CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, the majority of their emissions, about 2.66 million tonnes CO2e, fall under Scope 3, which encompasses emissions from their value chain, including capital goods and purchased goods and services. Realty Income has made strides in understanding and reporting its carbon footprint, although specific reduction targets have not been disclosed. The company has participated in the CDP (formerly Carbon Disclosure Project) but has received low scores, indicating room for improvement in their climate strategy and transparency. Overall, Realty Income's commitment to addressing climate change is evident through their emissions reporting, but further initiatives and clear reduction targets would enhance their sustainability profile in the real estate sector.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 10,000 | 00,000 | 00,000 | 00,000 | 00,000 |
Scope 2 | 325,000 | 000,000 | 000,000 | - | 000 |
Scope 3 | 1,123,283,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Realty Income is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.