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Realty Income

Net lease REIT delivering monthly dividends

Director/AVP People Success Business Partner - HR Business Partner

Full-Time
$136.4k - $252.4k+ Annual discretionary bonus + Annual discretionary stock award + 401(k) match
Senior, Expert
Bachelor's, Master's, MBA
San Diego, CA, USA
HybridIn-office Monday through Thursday; remote work is available on Fridays.
People & HRHR Generalist & Employee Relations

About the job

Requirements
  • Director level requires at least 8 years of progressive Human Resources experience, including supporting business leaders, leading employee relations matters and workplace investigations, and work in organizational effectiveness and talent initiatives.
  • AVP level requires at least 10 years of progressive Human Resources experience, including leading complex company-wide HR initiatives, workforce planning, succession planning, organizational design, and advising senior leaders and executives.
  • Significant experience in an HR Business Partner role, including leading employee relations issues and investigations.
  • At least five years of coaching experience.
  • A bachelor's degree is required.
  • Strong knowledge of employment law.
  • Knowledge of leadership development and management training needs, and ability to apply adult learning theories to employee programs.
  • Experience partnering on complex company-wide HR initiatives.
  • Ability to draft legally sound communications.
  • Ability to present complex ideas to large groups, Department Heads, and senior leaders.
  • Ability to build broad-based relationships and trust across diverse constituencies.
  • SPHR, California, or other senior HR certification.
Responsibilities
  • Participate in developing and executing the company's HR strategy.
  • Build and iterate parts of the Corporate Talent System so employee learning, development, succession, and culture drive productivity, engagement, and performance.
  • Partner with business leaders on departmental employee engagement survey analysis, communicating results, and action planning.
  • Inform and guide department leaders on team effectiveness based on situational awareness of each sub-team.
  • Assist in designing and structuring departments, business units, organizations, and jobs to optimize organizational design and effectiveness.
  • Lead organizational change initiatives using change management strategies to accelerate adoption, build engagement, and help employees navigate transformation.
  • At the AVP level, help shape enterprise-wide workforce planning, organizational effectiveness, and talent strategies, including leading larger-scale organizational design initiatives affecting multiple functions or business units.
  • Coach and mentor senior leaders, emerging leaders, and employees when needed.
  • Diagnose organizational needs and root causes through data-driven analysis and stakeholder engagement, translating insights into business solutions.
  • Bring in appropriate internal or external resources to address organizational needs while working through conflicting priorities.
  • Assess the competitiveness of programs and practices against comparable companies, industries, and markets.
  • At the AVP level, regularly advise executives and senior leadership teams on complex organizational, leadership, and talent matters with broader enterprise impact.
  • Resolve employee issues while ensuring compliance and mitigating risk.
  • Partner with the Talent Acquisition team to lead strategic workforce planning initiatives to ensure the organization has the right number and type of talent to meet current and emerging needs.
  • Co-create and launch initiatives focused on building a culture of inclusion that supports engagement and retention.
  • Leverage and analyze internal and external data to inform decision-making.
  • Measure and track the effectiveness of inclusion initiatives and anticipate future trends in inclusion efforts.
  • Build and continually develop business and industry knowledge to support effective budgetary spending and inform business decisions.
  • Help deliver, execute, and measure leadership and management development programs for frontline leaders through Department Heads and executives.
  • Partner with the VP, People Success, Talent Development, and Department Heads to manage succession, talent slates, and readiness for roles across the organization.
  • Identify, track, and recommend talent to fill key vacancies and support long-term growth strategies using available systems and tools.
  • At the AVP level, provide greater leadership in shaping enterprise-wide succession, workforce, and talent strategies and lead complex People Success initiatives spanning multiple functions or business units.
Desired Qualifications
  • An MBA or master's degree in Human Resources or a related field is preferred.
  • Experience leading the creation or update of legal documents, such as employee handbooks and policies, is preferred.
  • Experience supporting international business units is preferred.
  • An ACC, PCC, or MCC credential is preferred.

About the company

Realty Income is a real estate investment trust (REIT) that focuses on net lease properties and pays investors reliable monthly dividends. It earns rental income from a broad portfolio of long-term leased properties across retail, industrial, and agricultural assets (including vineyards), with tenants responsible for most property expenses. This structure provides stable, predictable cash flows that Realty Income distributes as dividends. The company emphasizes a diversified tenant base and prudent financial management with a conservative capital structure to reduce risk. Its goal is to deliver steady, risk-adjusted returns and long-term value for shareholders while maintaining transparency and sustainable, ethical practices.

Company Size

501-1,000

Company Stage

IPO

Headquarters

San Diego, California

Founded

1969

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 9.7% to $1.55 billion, with AFFO growth intact.
  • September 2026 KKR joint venture unlocked €528 million for European expansion.
  • June 2026 Cloud Capital venture targets $6 billion hyperscale data centers with investment-grade tenants.

What critics are saying

  • 2026 Treasury yield spikes pressure Realty Income's valuation and raise refinancing costs immediately.
  • Credit watch list still covers 5.8%-5.9% of annual base rent, led by casual dining.
  • Tenant bankruptcies and lease rejections can hit 40 basis points of 2026 credit losses.

What makes Realty Income unique

  • Largest global net-lease platform, with 15,600 properties across nine countries in 2026.
  • 31 straight years of dividend increases and 674 consecutive monthly dividends define the brand.
  • Private-capital vehicles with KKR, Apollo, and Cloud Capital diversify funding beyond public equity.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Hybrid Work Options

Remote Work Options

Paid Vacation

Paid Holidays

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

10%

1 year growth

10%

2 year growth

10%
Yahoo Finance
Oct 14th, 2026
Realty Income vs Healthpeak: why the 6.1% yield beats the 6.7% payer

Realty Income is a better high-yield dividend pick than Healthpeak Properties, according to an analysis of the two monthly-paying real estate investment trusts (REITs). Healthpeak yields 6.7% against Realty Income's 6.1%. Realty Income says it has raised its dividend for over 31 consecutive years. Healthpeak's dividend per share fell from $2.10 in fiscal 2016 to $1.22 in fiscal 2025. Both paid out about three-quarters of their fiscal 2025 adjusted funds from operations (AFFO): 75% for Realty Income and 72% for Healthpeak. Analysts expect Healthpeak's ratio to rise to 78% in fiscal 2026, while Realty Income's eases to 73%. The two trade at about 12x forward AFFO. Realty Income's AFFO has risen every year for a decade; Healthpeak's is expected to slip.

Construction Ireland
Oct 6th, 2026
Irish commercial property investment tops €2bn in first nine months of 2026.

Irish commercial property investment tops €2bn in first nine months of 2026. Investment in Irish commercial property has surpassed €2 billion in the first nine months of 2026, marking the strongest performance for the period since 2022, according to new research from Savills. The latest figures show that €649 million was invested across 20 transactions during the third quarter. While the total was 6.5% lower than the €694 million recorded in Q3 2025, the average transaction size increased significantly. The average deal reached €32 million during the quarter, compared with €20 million in the same period last year. Savills expects activity to remain strong through the final quarter, with the current transaction pipeline indicating that total investment could reach approximately €3 billion for the full year. Residential property was the largest investment sector during the third quarter, accounting for 39% of total activity. Offices followed with a 29% share, while logistics represented 25%. Retail accounted for 6% of investment, with mixed-use properties making up the remaining 1%. The largest transaction of the quarter was the €180 million acquisition of Quayside Quarter in Dublin's North Docklands by Quantum Immobilien from Greystar. - Advertisement - The 268-unit residential development marks Quantum Immobilien's first investment in the Irish market. The second-largest transaction was BNY Mellon's €160 million acquisition of The Shipping Office in Dublin 2 from Marlet. BNY Mellon already occupies a significant proportion of the recently completed South Docks office development. Logistics also recorded a strong quarter, with Realty Income acquiring a portfolio of industrial properties from DSV in a €70 million sale and leaseback transaction. An Irish pension fund also acquired an off-market industrial portfolio for €39 million. Institutional investors continued to account for the majority of activity during the quarter, representing 63% of purchases and four of the five largest transactions. US investors were particularly active, accounting for 47% of total investment volumes. According to Savills, this was the highest quarterly share recorded by US investors since the second quarter of 2016. European investors accounted for a further 39% of investment during the period. Kevin McMahon, Director of Investments at Savills Ireland, said: "The most significant feature of the market this year has been the return of larger transactions. Construction Group has now passed €2 billion for the first nine months of the year, but just as importantly, the average deal size increased by 60% in the third quarter. "There is clearly capital available for good Irish assets, and Construction Group is seeing that across all sectors rather than in one part of the market alone. The level of international activity is also encouraging. US and European buyers accounted for the vast majority of investment during the quarter, while Quantum Immobilien's acquisition of Quayside Quarter brought another new European investor into Ireland. "We have a good pipeline of transactions moving through the market and, on that basis, we expect investment volumes to reach approximately €3 billion by year-end. Financing conditions have become more challenging again, however, so pricing,asset quality and stable cashflow growth will remain important as we move into the final quarter."

Yahoo Finance
Oct 4th, 2026
3 dividend stocks to cushion your portfolio ahead of the next market correction

The US stock market has experienced 37 corrections of 10% or more since 1945, occurring roughly every 2.2 years, according to MUFG data. The most recent correction happened in April 2025, when the market fell approximately 20% from its peak. Rather than attempting to predict the next downturn, investors can prepare by adding defensive dividend stocks to their portfolios. Three companies stand out for their resilience during market corrections. Realty Income has outperformed the S&P 500 in 11 of 13 corrections since 1994, declining an average of just 2.6% compared to the broader market's 22.6% drop. The REIT offers a 6% yield and has increased its monthly dividend 136 times since 1994. Procter & Gamble provides stability through its household product portfolio and boasts 70 consecutive years of dividend increases. The company yields 3% and generated $19.6 billion in cash flow last year. WM, North America's leading waste management company, has raised dividends for 23 straight years and offers nearly 2% yield with lower volatility than the broader market.

Business Insider
Oct 2nd, 2026
Realty Income (O) receives a Buy from RBC Capital.

Realty Income (O) receives a Buy from RBC Capital. Oct. 2, 2026, 09:45 PM In a report released on October 1, Brad Heffern from RBC Capital maintained a Buy rating on Realty Income, with a price target of $60.00. The company's shares closed yesterday at $53.53. According to TipRanks, Heffern is a 5-star analyst with an average return of 11.7% and a 49.80% success rate. Heffern covers the Real Estate sector, focusing on stocks such as Agree Realty, Equity Lifestyle, and Vivmark Residential. Currently, the analyst consensus on Realty Income is a Hold with an average price target of $65.13. Based on Realty Income's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.43 billion and a net profit of $397.07 million. In comparison, last year the company earned a revenue of $1.41 billion and had a net profit of $196.92 million Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of O in relation to earlier this year. Last month, Gregory Mclaughlin, a Director at O sold 3,475.00 shares for a total of $209,021.25. Read More on O:

AD HOC NEWS
Oct 2nd, 2026
Realty Income raises $1.74B fund and closes $597M KKR venture as analysts stay cautious

Realty Income has raised $1.74 billion from 43 investors for its US Core Plus Fund and closed a €528 million joint venture with KKR, according to a Securities and Exchange Commission filing. The commercial real estate investment trust is expanding beyond public equity markets to fund growth through private vehicles and partnerships. The KKR deal, which closed on 28 September, gives the private equity firm a 49% stake in 54 commercial properties across Spain, Ireland, Poland and the Netherlands, while Realty Income retains 51% and operational control. Analysts remain cautious. Scotiabank downgraded the stock to Sector Perform in September, whilst Truist Securities initiated coverage with a Hold rating. Shares closed at €48.08 on Friday, near their 52-week low of €47.28 and 18% below their July peak. Realty Income will report third-quarter results on 2 November.