Realty Income Corporation (O) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 1.55B | 1.49B | 1.47B | 1.41B | 1.38B | 1.34B | 1.33B | 1.34B | 1.26B | 1.08B | 1.04B | 1.02B | 944.4M | 888.65M | 837.27M | 810.42M | 807.34M | 681.5M | 489.89M | 463.3M |
| Revenue Growth % | 12.19% | 11.02% | 10.49% | 5.3% | 9.52% | 24.53% | 28.08% | 31.42% | 33.47% | 21.11% | 24.11% | 25.76% | 16.98% | 30.4% | 70.91% | 74.92% | 82.55% | 63.01% | 21.09% | 11.74% |
| Property Operating Expenses | 1.38B | 265.71M | 106.62M | 107.42M | 106.68M | 96.31M | 92.15M | 99.85M | 89.36M | 81.88M | 70.98M | 94.7M | 69.4M | 69.09M | 52.72M | 52.18M | 52.34M | 43.71M | 29.66M | 31.73M |
| Net Operating Income (NOI) | 171.33M | 1.22B | 1.36B | 1.3B | 1.27B | 1.24B | 1.24B | 1.24B | 1.17B | 994.4M | 968.12M | 924.5M | 875M | 819.56M | 784.55M | 758.24M | 755M | 637.79M | 460.23M | 431.56M |
| NOI Margin % | 11.06% | 82.14% | 92.75% | 92.38% | 92.27% | 92.81% | 93.08% | 92.55% | 92.91% | 92.39% | 93.17% | 90.71% | 92.65% | 92.23% | 93.7% | 93.56% | 93.52% | 93.59% | 93.95% | 93.15% |
| Operating Expenses | -554.37M | 1.49B | 689.84M | 698.29M | 652.98M | 655.78M | 644.21M | 659.89M | 621.91M | 513.87M | 531.09M | 509.11M | 485.64M | 475.7M | 453.11M | 443.58M | 436.46M | 363.75M | 222.65M | 209.64M |
| G&A Expenses | 58.88M | 117.56M | 42.04M | 49.33M | 44.04M | 49.11M | 41.87M | 45.07M | 40.84M | 38.02M | 35.52M | 36.83M | 34.17M | 37.52M | 34.1M | 34.14M | 32.7M | 30.52M | 23.81M | 21.85M |
| EBITDA | 1.36B | 310.95M | 1.31B | 1.25B | 1.23B | 1.19B | 1.2B | 1.19B | 1.13B | 956.39M | 932.6M | 887.67M | 840.84M | 782.04M | 750.45M | 724.1M | 722.3M | 607.27M | 436.42M | 409.71M |
| EBITDA Margin % | 87.55% | 20.9% | 88.82% | 88.81% | 89.08% | 89.15% | 89.93% | 88.49% | 89.67% | 88.86% | 89.75% | 87.09% | 89.03% | 88% | 89.63% | 89.35% | 89.47% | 89.11% | 89.08% | 88.43% |
| Depreciation & Amortization | 630.27M | 583.48M | 631.98M | 647.85M | 608.93M | 606.67M | 602.34M | 605.57M | 581.06M | 475.86M | 495.57M | 472.28M | 451.48M | 438.17M | 419.02M | 409.44M | 403.76M | 333.23M | 198.83M | 187.79M |
| D&A / Revenue % | 40.7% | 39.21% | 42.98% | 45.93% | 44.11% | 45.26% | 45.26% | 45.21% | 46.1% | 44.21% | 47.69% | 46.34% | 47.81% | 49.31% | 50.05% | 50.52% | 50.01% | 48.9% | 40.59% | 40.53% |
| Operating Income | 725.7M | -272.53M | 674.09M | 604.67M | 620.85M | 588.21M | 594.55M | 579.7M | 549.22M | 480.53M | 437.03M | 415.39M | 389.36M | 343.86M | 331.44M | 314.66M | 318.54M | 274.04M | 237.58M | 221.93M |
| Operating Margin % | 46.86% | -18.32% | 45.84% | 42.87% | 44.97% | 43.89% | 44.67% | 43.28% | 43.57% | 44.65% | 42.06% | 40.76% | 41.23% | 38.69% | 39.59% | 38.83% | 39.46% | 40.21% | 48.5% | 47.9% |
| Interest Expense | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Coverage | 2.19x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Non-Operating Income | 86.63M | -519.43M | 332.6M | 104.57M | 90.69M | 104.19M | 53.2M | 61.58M | 160.29M | 25.17M | -3.99M | 27.46M | -15.98M | 36.48M | -29.77M | -28.71M | -13.33M | 151.09M | 24.1M | 18.61M |
| Pretax Income | 347.13M | 246.91M | 341.5M | 223.08M | 267.12M | 221.45M | 286.48M | 276.61M | 149.4M | 235.56M | 245.21M | 210.09M | 238.07M | 237.72M | 230.45M | 238.48M | 210.95M | 14.6M | 141.35M | 133.99M |
| Pretax Margin % | 22.41% | 16.59% | 23.22% | 15.82% | 19.35% | 16.52% | 21.52% | 20.65% | 11.85% | 21.89% | 23.6% | 20.61% | 25.21% | 26.75% | 27.52% | 29.43% | 26.13% | 2.14% | 28.85% | 28.92% |
| Income Tax | 26.2M | -43.55M | 23.82M | 24.07M | 15.66M | 20.1M | 15.36M | 15.64M | 15.5M | 15.8M | 11.34M | 12.93M | 11.95M | 9.38M | 10.16M | 14.66M | 10.98M | 10.13M | 6.08M | 9.22M |
| Effective Tax Rate % | 7.55% | -17.64% | 6.98% | 10.79% | 5.86% | 9.08% | 5.36% | 5.65% | 10.38% | 6.71% | 4.62% | 6.16% | 5.02% | 3.95% | 4.41% | 6.15% | 5.21% | 69.39% | 4.3% | 6.88% |
| Net Income | 311.77M | 296.1M | 315.77M | 196.92M | 249.81M | 199.61M | 269.49M | 259.39M | 132.28M | 218.41M | 233.47M | 195.41M | 225.02M | 227.26M | 219.57M | 223.21M | 199.37M | 4.04M | 135M | 124.48M |
| Net Margin % | 20.13% | 19.9% | 21.47% | 13.96% | 18.1% | 14.89% | 20.25% | 19.37% | 10.49% | 20.29% | 22.47% | 19.17% | 23.83% | 25.57% | 26.22% | 27.54% | 24.69% | 0.59% | 27.56% | 26.87% |
| Net Income Growth % | 24.8% | 48.34% | 17.18% | -24.08% | 88.85% | -8.6% | 15.42% | 32.74% | -41.21% | -3.9% | 6.33% | -12.45% | 12.86% | 5523.98% | 62.65% | 79.31% | 107.81% | -96.57% | 489.4% | 15.45% |
| Funds From Operations (FFO) | 942.04M | 879.57M | 947.75M | 844.77M | 858.75M | 806.28M | 871.82M | 864.96M | 713.35M | 694.26M | 729.04M | 667.69M | 676.49M | 665.44M | 638.58M | 632.64M | 603.13M | 337.27M | 333.83M | 312.27M |
| FFO Margin % | 60.83% | 59.11% | 64.45% | 59.9% | 62.21% | 60.16% | 65.51% | 64.58% | 56.59% | 64.51% | 70.16% | 65.51% | 71.63% | 74.88% | 76.27% | 78.06% | 74.71% | 49.49% | 68.14% | 67.4% |
| FFO Growth % | 9.7% | 9.09% | 8.71% | -2.33% | 20.38% | 16.14% | 19.59% | 29.54% | 5.45% | 4.33% | 14.17% | 5.54% | 12.16% | 97.3% | 91.29% | 102.6% | 120.18% | 15.12% | 73.88% | 13.08% |
| FFO per Share | 1.04 | 0.97 | 1.04 | 0.93 | 0.96 | 0.92 | 1.00 | 0.99 | 0.85 | 0.96 | 1.03 | 0.99 | 1.02 | 1.05 | 1.03 | 1.05 | 1.02 | 0.57 | 0.85 | 0.83 |
| FFO Payout Ratio % | 0% | 84.56% | 77.85% | 86.11% | 82.89% | 85.81% | 79.11% | 78.48% | 89.59% | 80.1% | 74.53% | 77.14% | 73.5% | 70.74% | 71.81% | 70.47% | 72.67% | 110.05% | 82.02% | 84.34% |
| EPS (Diluted) | 0.33 | 0.32 | 0.35 | 0.22 | 0.28 | 0.23 | 0.30 | 0.29 | 0.16 | 0.30 | 0.33 | 0.29 | 0.34 | 0.36 | 0.36 | 0.37 | 0.34 | 0.01 | 0.34 | 0.33 |
| EPS Growth % | 17.86% | 39.13% | 16.67% | -24.14% | 75% | -23.33% | -9.09% | 0% | -52.94% | -16.67% | -8.33% | -21.62% | 0% | - | 5.88% | 12.12% | 30.77% | -97.64% | 385.71% | 6.45% |
| EPS (Basic) | 0.33 | 0.32 | 0.35 | 0.22 | 0.28 | 0.23 | 0.30 | 0.30 | 0.16 | 0.30 | 0.33 | 0.29 | 0.34 | 0.36 | 0.36 | 0.37 | 0.34 | 0.01 | 0.34 | 0.33 |
| Diluted Shares Outstanding | 904.79M | 904.79M | 915.19M | 903.72M | 892.35M | 879.65M | 872.05M | 870.73M | 835.24M | 726.86M | 709.54M | 674.59M | 661.24M | 635.64M | 617.96M | 602.03M | 594.04M | 591.26M | 392.05M | 374.34M |