O
Realty Income Corporation
NYSE: O · REAL ESTATE · REIT - RETAIL
$63.29
-0.41% today
Updated 2026-04-29
Market cap
$59.05B
P/E ratio
54.13
P/S ratio
10.25x
EPS (TTM)
$1.17
Dividend yield
5.02%
52W range
$52 – $68
Volume
6.0M
Realty Income Corporation (O) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $237.42M | $294.32M | $325.04M | $322.55M | $333.44M | $412.36M | $484.58M | $780.21M | $933.50M | $1.02B | $1.10B | $1.22B | $1.33B | $1.49B | $1.65B | $2.08B | $3.34B | $4.08B | $5.27B | $5.75B |
| Revenue growth (YoY) | — | +24.0% | +10.4% | -0.8% | +3.4% | +23.7% | +17.5% | +61.0% | +19.6% | +9.6% | +7.8% | +10.2% | +9.2% | +12.1% | +10.7% | +26.3% | +60.7% | +22.0% | +29.2% | +9.1% |
| Cost of revenue | $80.37M | $103.41M | $5.46M | $6.44M | $5.80M | $15.46M | $21.31M | $38.85M | $53.87M | $55.35M | $62.87M | $69.48M | $66.33M | $88.58M | $104.60M | $133.60M | $226.33M | $316.96M | $377.68M | $586.44M |
| Gross profit | $237.42M | $294.32M | $319.58M | $316.11M | $327.63M | $396.90M | $463.27M | $741.36M | $879.63M | $967.93M | $1.04B | $1.15B | $1.26B | $1.40B | $1.54B | $1.95B | $3.12B | $3.76B | $4.89B | $5.16B |
| Gross margin | 100.0% | 100.0% | 98.3% | 98.0% | 98.3% | 96.3% | 95.6% | 95.0% | 94.2% | 94.6% | 94.3% | 94.3% | 95.0% | 94.0% | 93.6% | 93.6% | 93.2% | 92.2% | 92.8% | 89.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $17.54M | $22.69M | $21.62M | $20.95M | $25.31M | $30.95M | $38.00M | $56.83M | $51.09M | $49.30M | $51.97M | $58.45M | $84.15M | $66.48M | $73.22M | $96.98M | $138.46M | $144.54M | $176.90M | $252.97M |
| Operating income | $155.49M | $190.07M | $208.86M | $205.26M | $210.68M | $249.40M | $277.64M | $377.71M | $453.89M | $509.42M | $538.40M | $589.05M | $637.58M | $739.13M | $792.23M | $952.04M | $1.31B | $1.72B | $2.32B | $1.63B |
| Operating margin | 65.5% | 64.6% | 64.3% | 63.6% | 63.2% | 60.5% | 57.3% | 48.4% | 48.6% | 49.8% | 48.8% | 48.5% | 48.0% | 49.7% | 48.1% | 45.8% | 39.1% | 42.2% | 44.0% | 28.3% |
| EBITDA | $217.23M | $270.62M | $294.59M | $294.96M | $297.58M | $360.68M | $406.71M | $662.69M | $849.87M | $915.68M | $981.12M | $1.09B | $1.17B | $1.31B | $1.38B | $1.85B | $2.98B | $3.60B | $4.33B | $3.55B |
| EBITDA margin | 91.5% | 91.9% | 90.6% | 91.4% | 89.2% | 87.5% | 83.9% | 84.9% | 91.0% | 89.5% | 88.9% | 89.5% | 87.9% | 88.4% | 83.9% | 88.9% | 89.1% | 88.3% | 82.1% | 61.8% |
| EBIT | $155.49M | $190.07M | $205.49M | $205.06M | $205.94M | $244.13M | $259.19M | $356.11M | $475.21M | $506.46M | $531.18M | $589.05M | $627.21M | $721.00M | $704.91M | $952.04M | $1.31B | $1.71B | $1.93B | $1.08B |
| Interest expense | $51.36M | $64.33M | $93.96M | $85.53M | $93.24M | $108.30M | $116.30M | $180.92M | $216.37M | $233.08M | $219.97M | $247.41M | $266.02M | $290.99M | $309.34M | $319.09M | $445.45M | $779.04M | $998.10M | $1.11B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $110.78M | $140.41M | $131.84M | $131.13M | $130.78M | $157.03M | $145.97M | $245.56M | $270.63M | $283.77M | $315.57M | $318.80M | $363.61M | $436.48M | $395.49M | $359.46M | $869.41M | $872.31M | $860.77M | $1.06B |
| Net income growth (YoY) | — | +26.7% | -6.1% | -0.5% | -0.3% | +20.1% | -7.0% | +68.2% | +10.2% | +4.9% | +11.2% | +1.0% | +14.1% | +20.0% | -9.4% | -9.1% | +141.9% | +0.3% | -1.3% | +23.0% |
| Profit margin | 46.7% | 47.7% | 40.6% | 40.7% | 39.2% | 38.1% | 30.1% | 31.5% | 29.0% | 27.7% | 28.6% | 26.2% | 27.4% | 29.3% | 24.0% | 17.3% | 26.0% | 21.4% | 16.3% | 18.4% |