Realty Income Corp (O) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Realty Income reported revenue of $5.75B, up 9.1% from $5.27B the year before. Net income was $1.06B (a 18.4% net margin), or $1.17 per diluted share. Gross margin was 16.8% and operating margin was 13.2%. Operating activities generated $3.99B of cash. At fiscal year end, Realty Income held $72.80B in total assets against $32.67B in total liabilities, including $434.8M of cash and equivalents.
Open the full interactive Realty Income financials → Quarterly statements, key ratios, valuation history and price charts.
Realty Income Key Stats
| Share Price | $54.99 |
|---|---|
| Market Cap | $51.40B |
| P/E Ratio | 47.0 |
| Revenue YoY Growth | +9.1% |
| 52-Week Range | $53.35 – $65.50 |
| Shares Outstanding | 932.3 million (basic, 2026 Q2) |
Realty Income Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.65B | $2.08B | $3.34B | $4.08B | $5.27B | $5.75B |
| Cost of Goods Sold | — | $1.66B | $2.54B | $3.19B | $4.49B | $4.79B |
| Gross Profit | — | $422.0M | $803.5M | $890.3M | $781.8M | $963.4M |
| Operating Income | — | $325.0M | $665.1M | $745.8M | $605.0M | $760.8M |
| Pre-Tax Income | $410.2M | $392.4M | $917.6M | $928.9M | $933.9M | $1.16B |
| Income Tax | $14.7M | $31.7M | $45.2M | $52.0M | $66.6M | $85.3M |
| Net Income | $395.5M | $359.5M | $869.4M | $872.3M | $860.8M | $1.06B |
| Diluted EPS | $1.10 | $0.87 | $1.42 | $1.26 | $0.98 | $1.17 |
Realty Income Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.47B | $1.49B | $1.55B | $1.55B |
| Net Income | $315.8M | $296.1M | $311.8M | $344.0M |
| Diluted EPS | $0.35 | $0.33 | $0.33 | $0.37 |
Realty Income Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $824.5M | $258.6M | $171.1M | $232.9M | $445.0M | $434.8M |
| Current Assets | — | — | -$8,000 | -$43,000 | $39,000 | $12,000 |
| Total Assets | $20.74B | $43.14B | $49.67B | $57.78B | $68.84B | $72.80B |
| Total Long-Term Debt | $8.52B | $12.75B | $14.53B | $19.93B | $25.02B | $26.73B |
| Total Liabilities | $9.72B | $18.01B | $20.83B | $24.67B | $29.78B | $32.67B |
| Shareholders' Equity | $10.99B | $25.05B | $28.71B | $32.94B | $38.84B | $39.44B |
Realty Income Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.12B | $1.32B | $2.56B | $2.96B | $3.57B | $3.99B |
| Cash From Investing | -$2.03B | -$6.44B | -$8.39B | -$9.35B | -$3.34B | -$5.66B |
| Cash From Financing | $1.69B | $4.58B | $5.74B | $6.44B | -$21.2M | $1.68B |
Figures from Realty Income's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Realty Income financials page for every line item.
Realty Income Company Profile
| Ticker | O |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | San Diego, California |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000726728 |
Frequently Asked Questions
What was Realty Income's revenue in fiscal 2025?
Realty Income (O) reported revenue of $5.75B for fiscal 2025.
What is Realty Income's annual revenue history?
Realty Income's annual revenue by fiscal year: 2020: $1.65B; 2021: $2.08B; 2022: $3.34B; 2023: $4.08B; 2024: $5.27B; 2025: $5.75B.
What was Realty Income's net income in fiscal 2025?
Realty Income reported net income of $1.06B for fiscal 2025.
What was Realty Income's earnings per share (EPS) in fiscal 2025?
Realty Income's diluted EPS was $1.17 for fiscal 2025 (adjusted for any later stock splits).
What was Realty Income's revenue last quarter?
In its most recent reported quarter (2026 Q2), Realty Income reported revenue of $1.55B.
How much debt does Realty Income have?
Realty Income reported $26.73B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Realty Income are outstanding?
Realty Income reported a weighted average of 932.3 million basic shares outstanding in 2026 Q2.
What is Realty Income's market cap?
Based on its latest closing price, Realty Income (O) has a market capitalization of about $51.40B.
When does Realty Income's fiscal year end?
Realty Income's fiscal year end, as registered with the SEC, is December 31.
Where is Realty Income headquartered?
Realty Income lists its business address in San Diego, California in its SEC filings.