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 30 is higher than 86% 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 2,657,973,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 2,656,973,000 kg CO2e. Scope 1 emissions were reported at about 55,000 kg CO2e, including 36,000 kg CO2e from fugitive emissions. Scope 2 emissions totalled approximately 318,000 kg CO2e based on location-based accounting, with a market-based total of about 150 kg CO2e. In comparison, the previous year, 2022, Realty Income's total emissions were approximately 2,253,000,000 kg CO2e, with Scope 3 emissions from downstream leased assets contributing about 2,250,901,000 kg CO2e. Scope 1 emissions were around 16,000 kg CO2e, and Scope 2 emissions were approximately 335,000 kg CO2e. Despite the substantial emissions figures, Realty Income has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term sustainability strategy. The company continues to engage in industry-standard climate practices, but further commitments would enhance their environmental accountability.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Scope 1 | 10,000 | 00,000 | 00,000 | 00,000 | 00,000 |
Scope 2 | 325,000 | 000,000 | 000,000 | 000,000 | 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 not participating in any of the initiatives that 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.