Realty Income Corporation (O) Financial Statements

Realty Income Corporation

O · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$5.75B	$5.27B	$4.08B	$3.34B	$2.08B	$1.65B	$1.49B	$1.33B
Selling, General & Administrative	$202.55M	$176.90M	$144.54M	$138.46M	$96.98M	$73.22M	$66.48M	$84.15M
Operating Expenses	$4.79B	$4.49B	$3.19B	$2.54B	$1.66B	$1.31B	$1.08B	—
Interest Expense	—	—	$730.42M	$465.22M	$323.64M	$309.34M	$290.99M	$266.02M
Other Income / (Expense)	$29.42M	$23.61M	$23.79M	$30.51M	$9.95M	$4.54M	$3.43M	—
Income Before Taxes	$1.16B	$933.94M	$928.93M	$917.60M	$392.40M	$411.20M	$443.64M	—
Provision for Income Taxes	$85.35M	$66.60M	$52.02M	$45.18M	$31.66M	$14.69M	$6.16M	$5.34M
Net Income	$1.06B	$860.77M	$872.31M	$869.41M	$359.46M	$395.49M	$436.48M	$363.61M
Basic EPS	$1.17	$0.98	$1.26	$1.42	$0.87	$1.15	$1.38	$1.26
Diluted EPS	$1.17	$0.98	$1.26	$1.42	$0.87	$1.14	$1.38	$1.26
Basic Shares Outstanding	907.17M	862.96M	692.30M	611.77M	414.54M	345.28M	315.84M	289.43M
Diluted Shares Outstanding	908.33M	863.79M	693.02M	612.18M	414.77M	345.42M	316.16M	289.92M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$4.45	$4.39	$4.59	7	↑0 ↓0
Dec 2027	$4.60	$4.55	$4.74	7	↑0 ↓0
Dec 2028	$4.72	$4.71	$4.75	4	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: O
Type: Stock
Sector: Real Estate
Industry: Real Estate Investment Trusts
Country: North America
Exchange: NYSE

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies®. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of March 31, 2026, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as 'The Monthly Dividend Company®' and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 673 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for over 31 consecutive years. Additional information about the Company can be found at www.realtyincome.com.

Key Issues

Bullish view

High occupancy, steady rent growth and active investments provide recurring operating support, according to Zacks, potentially allowing Realty Income to keep expanding despite higher borrowing costs.

Bearish view

Higher borrowing costs can pressure financing economics and constrain the benefit of new investments, leaving the company more exposed if rent growth or occupancy momentum slows.

Analyst Consensus

See all

Hold

20 analysts

$62

Current

—

Low

$67

Average

—

High

Average target implies +7.46% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Digital Realty Trust, Inc.DLR · NYSE