O
$54.13+1.12%
as of close, Oct 2, 2026
☾ AH $54.13 +1.12%
Realty Income CorporationStock · Real EstateUS REITs 3.1%S&P 500 Equal Weight 0.2%S&P 500 0.09%Russell 1000 0.08%US Stock Market 0.08%Russell 3000 0.08%MSCI World 0.06%MSCI ACWI 0.06%
O financial statements
The full income statement, balance sheet, and cash-flow statement for Realty Income Corporation (O), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 870.9M2024-09 875.2M2024-12 891.5M2025-03 903.1M2025-06 914.3M2025-09 919.9M2025-12 932.4M2026-03 932.5M2026-06 946.2M+8.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.75B+9.1% | 5.27B+29.2% | 4.08B+22.0% | 3.34B+60.7% | 2.08B+26.3% | |
| Selling, general & administrative | 203M+14.5% | 177M+22.4% | 145M+4.4% | 138M+42.8% | 97.0M+32.5% | |
| General & administrative | 203M+14.5% | 177M+22.4% | 145M+4.4% | 138M+42.8% | 97.0M+32.5% | |
| Interest expense | — | — | 730M+57.0% | 465M+43.7% | 324M+4.6% | |
| Other non-operating income | 29.4M+24.6% | 23.6M-0.8% | 23.8M-22.0% | 30.5M+206.7% | 9.95M+119.2% | |
| Equity-method income | 13.3M+71.1% | 7.79M+206.1% | 2.55M+139.5% | -6.45M-683.0% | 1.11M | |
| Pre-tax income | 1.16B+23.7% | 934M+0.5% | 929M+1.2% | 918M+133.8% | 392M-4.6% | |
| Income tax | 85.3M+28.1% | 66.6M+28.0% | 52.0M+15.1% | 45.2M+42.7% | 31.7M+115.5% | |
| 1.06B+23.0% | 861M-1.3% | 872M+0.3% | 869M+141.9% | 359M-9.1% | ||
| Net income to non-controlling interest | 11.2M+70.4% | 6.57M+42.6% | 4.61M+53.1% | 3.01M+133.0% | 1.29M+26.6% | |
| Net income to common | 1.06B+24.8% | 848M-2.8% | 872M+0.3% | 869M | — | |
| $1.17+19.4% | $0.98-22.2% | $1.26-11.3% | $1.42+63.2% | $0.87-23.7% | ||
| EPS (basic) | $1.17+19.4% | $0.98-22.2% | $1.26-11.3% | $1.42+63.2% | $0.87-24.3% | |
| Weighted-avg shares (basic) | 907M+5.1% | 863M+24.7% | 692M+13.2% | 612M+47.6% | 415M+20.1% | |
| Weighted-avg shares (diluted) | 908M+5.2% | 864M+24.6% | 693M+13.2% | 612M+47.6% | 415M+20.1% | |
| Dividends per share | $3.22+2.9% | $3.13+2.4% | $3.05+2.8% | $2.97+4.7% | $2.83+1.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 435M-2.3% | 445M+91.0% | 233M+36.1% | 171M-33.8% | 259M-68.6% | |
| 72.8B+5.8% | 68.8B+19.1% | 57.8B+16.3% | 49.7B+15.2% | 43.1B+108.0% | ||
| Operating lease right-of-use | 592M-4.4% | 619M+4.1% | 595M-1.4% | 603M-4.5% | 632M+463.6% | |
| Goodwill | 4.93B+0.0% | 4.93B+32.2% | 3.73B+0.0% | 3.73B+1.5% | 3.68B+25828.8% | |
| Intangible assets | 5.72B-9.6% | 6.32B+26.0% | 5.02B-2.9% | 5.17B-2.0% | 5.28B+208.4% | |
| 32.7B+9.7% | 29.8B+20.7% | 24.7B+18.4% | 20.8B+15.7% | 18.0B+85.2% | ||
| Long-term debt | 25.0B+10.5% | 22.7B+21.8% | 18.6B+30.3% | 14.3B+14.2% | 12.5B+51.2% | |
| Operating lease liability (total) | 430M-5.1% | 453M+6.5% | 425M-3.4% | 440M-4.7% | 462M+303.1% | |
| Finance lease liability (total) | 121M+57.3% | 77.2M+74.1% | 44.3M-10.4% | 49.5M+12.5% | 44.0M+603.1% | |
| 39.4B+1.5% | 38.8B+17.9% | 32.9B+14.7% | 28.7B+14.6% | 25.1B+128.1% | ||
| Accumulated other comprehensive income | 105M+174.7% | 38.2M-48.3% | 73.9M+57.8% | 46.8M+849.4% | 4.93M+109.0% | |
| Non-controlling interest | 685M+224.9% | 211M+27.5% | 166M+27.2% | 130M+69.4% | 76.8M+138.2% | |
| Total equity incl. non-controlling | 40.1B+2.7% | 39.1B+18.0% | 33.1B+14.8% | 28.8B+14.8% | 25.1B+128.1% | |
| Total liabilities & equity | 72.8B+5.8% | 68.8B+19.1% | 57.8B+16.3% | 49.7B+15.2% | 43.1B+108.0% | |
| Common shares issued | 934M+4.8% | 892M+18.5% | 752M+14.0% | 660M+11.7% | 591M+63.6% | |
| Common shares outstanding | 934M+4.8% | 892M+18.5% | 752M+14.0% | 660M+11.7% | 591M+63.6% | |
| Shares outstanding (cover) | 932M+4.6% | 892M+3.5% | 861M+30.4% | 661M+11.7% | 591M+58.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.99B+11.8% | 3.57B+20.8% | 2.96B+15.4% | 2.56B+93.9% | 1.32B+18.5% | ||
| Depreciation & amortization | 2.52B+5.4% | 2.40B+26.4% | 1.90B+13.5% | 1.67B+86.0% | 898M+32.6% | |
| Share-based compensation | 30.8M-46.5% | 57.5M+119.2% | 26.2M+21.3% | 21.6M-48.3% | 41.8M+153.1% | |
| Deferred income taxes | 603K-83.0% | 3.55M+88700.0% | 4.00K | — | — | |
| -5.66B-69.4% | -3.34B+64.3% | -9.35B-11.5% | -8.39B-30.3% | -6.44B-216.8% | ||
| Capital expenditure | 132M+8.6% | 121M+76.7% | 68.7M-28.1% | 95.5M+400.6% | 19.1M+119.1% | |
| Free cash flow | 3.86B+11.9% | 3.45B+19.4% | 2.89B+17.1% | 2.47B+89.4% | 1.30B+17.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 366M | |
| 1.68B+8029.8% | -21.2M-100.3% | 6.44B+12.2% | 5.74B+25.4% | 4.58B+170.5% | ||
| Long-term debt issued | 407M | 0.00-100.0% | 1.03B | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 2.36B+35.7% | 1.74B-68.0% | 5.44B+19.4% | 4.56B+2.6% | 4.44B+143.6% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 2.92B+8.5% | 2.69B+27.5% | 2.11B+16.5% | 1.81B+55.1% | 1.17B+21.2% | |
| Other financing activities | 46.9M+629.0% | -8.86M-26.1% | -7.02M-46.6% | -4.79M+85.7% | -33.6M-44.1% | |
| FX effect on cash | 15.9M+368.9% | -5.90M-124.6% | 24.0M+217.1% | -20.5M-202.2% | 20.1M+353.1% | |
| Net change in cash | 25.3M-87.6% | 203M+211.4% | 65.3M+161.9% | -105M+79.6% | -518M-166.5% | |
| Interest paid | 1.07B+10.6% | 970M+40.2% | 692M+37.9% | 502M+41.1% | 355M+24.5% | |
| Income taxes paid | 49.8M+54.2% | 32.3M+162.8% | 12.3M-72.7% | 45.0M+128.9% | 19.7M+49.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 52.6B+10.4% | 47.6B+14.6% | 41.6B+4.5% | 39.8B-6.0% | 42.3B+88.2% | |
| P/E | 49.7×-10.2% | 55.3×+17.3% | 47.2×-23.4% | 61.6×-47.7% | 117.8×+107.1% | |
| P/S | 9.1×+1.2% | 9.0×-15.4% | 10.7×-15.7% | 12.7×-37.7% | 20.3×+49.0% | |
| P/B | 1.3×+8.7% | 1.2×-6.6% | 1.3×-11.7% | 1.5×-11.9% | 1.7×-17.5% | |
| P/FCF | 13.6×-1.4% | 13.8×-8.7% | 15.1×-16.0% | 18.0×-44.6% | 32.5×+59.9% | |
| Earnings yield | 2.0%+11.4% | 1.8%-14.7% | 2.1%+30.5% | 1.6%+91.3% | 0.85%-51.7% | |
| FCF yield | 7.3%+1.4% | 7.2%+9.5% | 6.6%+19.1% | 5.6%+80.6% | 3.1%-37.4% | |
| Dividend yield | 5.7%-2.5% | 5.9%+10.1% | 5.3%+13.6% | 4.7%+18.2% | 4.0%-14.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: O’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all O filings on SEC EDGAR → Not investment advice.