Realty Income Corporation (O) Financial Statements
Historical financial data — 42 statements covering FY2018–FY2025
Realty Income owns roughly 15,600 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in all 50 states and Puerto Rico and are...
Realty Income Corporation's revenue increased 9.1% year over year, from $5.27B to $5.75B.
Net income increased 23.0% over the same period, from $860.8M to $1.06B.
Over the 7-year period from FY2018 to FY2025, revenue grew by 333% in total.
Total debt increased by 9.9% to $29.49B.
The debt-to-equity ratio stands at 0.75, indicating a moderate leverage profile.
Operating cash flow grew 11.8% to $3.99B.
Realty Income Corporation maintains a healthy net profit margin of 18.4%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.33B-0.7% | $274.7M | $595.6M | $712.5M | $841.5M | $68.47B | $26.77B | $38.46B |
| Q4 FY2024 | $1.34B+0.7% | $199.6M | $186.2M | $221.5M | $972.0M | $68.83B | $26.84B | $38.84B |
| Q1 FY2025 | $1.38B+3.0% | $249.8M | $235.6M | $267.1M | $787.5M | $69.76B | $27.63B | $39.03B |
| Q2 FY2025 | $1.41B+2.2% | $196.9M | $178.3M | $223.1M | $1.06B | $71.42B | $29.03B | $39.15B |
| Q3 FY2025 | $1.47B+4.3% | $315.8M | $282.1M | $341.5M | $943.1M | $71.28B | $29.04B | $39.05B |
| Q4 FY2025 | $1.49B+1.2% | $296.1M | $267.4M | $323.4M | $1.20B | $72.80B | $29.49B | $39.44B |
| Q1 FY2026 | $1.55B+4.1% | $311.8M | $310.7M | $347.1M | $874.5M | $74.55B | $30.29B | $41.24B |
| Q2 FY2026 | $1.55B-0.1% | $344.0M | $357.4M | $321.0M | $1.15B | $76.44B | $31.33B | $41.93B |
Balance Sheet Summary (Q2 FY2026)
Realty Income Corporation (O) Financial Statements & Revenue History
Realty Income Corporation (O) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry trading at $56.05 with a market capitalization of $53. This page provides 42 historical financial statements for Realty Income Corporation, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Realty Income Corporation reported revenue of $5.7 billion, representing 9.1% year-over-year growth. The net profit margin of 18.4% reflects strong profitability. The debt-to-equity ratio of 0.75 reflects moderate leverage.
O Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Realty Income Corporation's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether O is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track O's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Realty Income Corporation converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of O's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use O Financial Data
Investors use Realty Income Corporation's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare O's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how O's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View O's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Realty Income Corporation's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.O trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.