What is Realty Income Corporation's earnings per share (EPS)?

Realty Income Corporation (O) reported diluted earnings per share of $1.17 for fiscal year 2025. This represents a 19.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Realty Income Corporation (O) Financials

Trailing 12 months to June 30, 2026

Revenue $6.1B +10.9% YoY

Net Income $1.3B +42.3% YoY

EPS (Diluted) $1.38 +34.0% YoY

Operating Cash Flow $4.2B +13.8% YoY

Market Cap $51.3B as of Oct 10, 2026

Price / Sales 8.5x on $6.1B revenue, trailing 12 months to June 30, 2026

Price / Earnings 39.3x on $1.3B net income, trailing 12 months to June 30, 2026

Price / Book 1.3x on $39.5B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the O SEC filings page.

Realty Income Corporation (O) reported $6.1B in revenue over the twelve months to Jun 30, 2026, up 10.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI O FY2025 2026-10-03

Realty Income grows through asset expansion and financing, while cash generation rises alongside a steadily heavier balance-sheet load.

FY2025 operating cash flow of $4.0B versus net income of $1.1B indicates that reported earnings are pulled down by substantial noncash charges in this asset-heavy structure. From FY2021 to FY2025, liabilities and interest expense both increased materially, so higher cash generation has accompanied a heavier financing load rather than removing it.

With total assets at $72.8B against revenue of $5.7B in FY2025, the business is defined more by managing a large asset base than by revenue alone. ROA was just 1.5% in FY2025, while debt-to-equity reached 0.8x; together, those figures point to modest accounting returns supported by meaningful balance-sheet financing.

Operating cash flow of $4.0B did not cover the $5.7B investing outflow in FY2025, indicating that portfolio investment required more than internally generated cash that year. Financing inflows provided $1.7B while dividends paid were $2.9B, showing that capital allocation combines substantial distributions with reliance on external funding when investment needs are high.

Financial Health Signals

Financial Health Score 51/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Realty Income Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Realty Income Corporation scores 95/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Realty Income Corporation scores 74/100 on it among other REITs.

Leverage

Not available for Realty Income Corporation, and counted as zero in the overall score.

Interest Cov.

Not available for Realty Income Corporation, and counted as zero in the overall score.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Realty Income Corporation scores 94/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Realty Income Corporation scores 44/100 on it among other REITs.

Piotroski F-Score Partial

5/6

Realty Income Corporation passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.77x

For every $1 of reported earnings, Realty Income Corporation generates $3.77 in operating cash flow ($4.0B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.5B

YoY+9.7%

QoQ-0.1%

5Y CAGR+27.3%

Realty Income Corporation generated $1.5B in revenue in Q2 2026. This represents an increase of 9.7% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Net Income

$370.5M

YoY+88.2%

QoQ+15.4%

5Y CAGR+24.4%

Realty Income Corporation reported $370.5M in net income in Q2 2026. This represents an increase of 88.2% from the same quarter a year earlier. Against the prior quarter it is up 15.4%.

EPS (Diluted)

$0.37

YoY+68.2%

QoQ+12.1%

5Y CAGR+2.3%

Realty Income Corporation earned $0.37 per diluted share (EPS) in Q2 2026. This represents an increase of 68.2% from the same quarter a year earlier. Against the prior quarter it is up 12.1%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$552.6M

YoY-31.0%

QoQ+47.9%

5Y CAGR+19.0%

Realty Income Corporation held $552.6M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

946M

YoY+3.5%

QoQ+1.5%

5Y CAGR+19.4%

10Y CAGR+13.9%

Realty Income Corporation had 946M shares outstanding in Q2 2026. This represents an increase of 3.5% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin

23.9%

YoY+10.0pp

QoQ+3.2pp

5Y change-2.9pp

Realty Income Corporation's net profit margin was 23.9% in Q2 2026, showing the share of revenue converted to profit. This is up 10.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.

Return on Equity

0.9%

YoY+0.4pp

QoQ+0.1pp

5Y change-0.1pp

Realty Income Corporation's ROE was 0.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$6K

QoQ-100.0%

Realty Income Corporation spent $6K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

O Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

O quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$6.1B	$5.7B+9.1%	$5.3B+29.2%	$4.1B+22.0%	$3.3B+60.7%	$2.1B+26.3%	$1.6B+10.7%	$1.5B+12.1%	$1.3B+9.2%	$1.2B+10.2%	$1.1B	N/A	N/A	N/A	N/A	$416.7M
SG&A Expenses	$225.7M	$202.6M+14.5%	$176.9M+22.4%	$144.5M+4.4%	$138.5M+42.8%	$97.0M+32.5%	$73.2M+10.1%	$66.5M-21.0%	$84.1M+44.0%	$58.4M+12.5%	$52.0M+5.4%	$49.3M-3.5%	$51.1M-10.2%	$56.9M+49.2%	$38.1M+23.2%	$31.0M
Interest Expense	$1.2B	$1.1B+11.6%	$1.0B+39.2%	$730.4M+57.0%	$465.2M+43.7%	$323.6M+4.6%	$309.3M+6.3%	$291.0M+9.4%	$266.0M+7.5%	$247.4M+12.5%	$220.0M-5.6%	$233.1M+7.7%	$216.4M+19.2%	$181.4M+47.3%	$123.1M+13.7%	$108.3M
Income Tax	$97.6M	$85.3M+28.1%	$66.6M+28.0%	$52.0M+15.1%	$45.2M+42.7%	$31.7M+115.5%	$14.7M+138.6%	$6.2M+15.3%	$5.3M-11.6%	$6.0M+85.3%	$3.3M+2.9%	$3.2M-8.4%	$3.5M+47.3%	$2.4M+121.5%	$1.1M-27.8%	$1.5M
Net Income	$1.3B	$1.1B+23.0%	$860.8M-1.3%	$872.3M+0.3%	$869.4M+141.9%	$359.5M-9.1%	$395.5M-9.4%	$436.5M+20.0%	$363.6M+14.1%	$318.8M+1.0%	$315.6M+11.2%	$283.8M+4.9%	$270.6M+10.2%	$245.6M+54.3%	$159.2M+1.4%	$157.0M
EPS (Basic)	N/A	$1.17+19.4%	$0.98-22.2%	$1.26-11.3%	$1.42+63.2%	$0.87-24.3%	$1.15-16.7%	$1.38+9.5%	$1.26	N/A	N/A	N/A	N/A	$1.06+23.3%	$0.86-18.1%	$1.05
EPS (Diluted)	$1.38	$1.17+19.4%	$0.98-22.2%	$1.26-11.3%	$1.42+63.2%	$0.87-23.7%	$1.14-17.4%	$1.38+9.5%	$1.26	N/A	N/A	N/A	N/A	$1.06+23.3%	$0.86-18.1%	$1.05
Diluted Shares (Avg)	N/A	908M+5.2%	864M+24.6%	693M+13.2%	612M+47.6%	415M+20.1%	345M+9.3%	316M+9.0%	290M+5.8%	274M+7.2%	256M+8.2%	236M+8.0%	219M+14.1%	192M+44.3%	133M+5.3%	126M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.5B+9.7%	$1.5B+12.2%	$1.5B+11.0%	$1.5B+10.5%	$1.4B+5.3%	$1.4B+9.5%	$1.3B+24.5%	$1.3B+28.1%
SG&A Expenses	$57.6M+16.8%	$58.9M+33.7%	$54.1M+10.2%	$55.0M+31.5%	$49.3M+9.4%	$44.0M+7.8%	$49.1M+29.2%	$41.9M+17.9%
Interest Expense	$312.1M+10.0%	$291.9M+8.8%	$288.2M+7.5%	$294.5M+12.7%	$283.8M+14.9%	$268.4M+11.5%	$268.1M+28.7%	$261.3M+41.9%
Income Tax	$25.8M+7.2%	$26.2M+67.3%	$21.8M+8.4%	$23.8M+55.2%	$24.1M+53.8%	$15.7M+1.0%	$20.1M+27.2%	$15.4M+35.5%
Net Income	$370.5M+88.2%	$320.9M+28.5%	$296.1M+48.3%	$315.8M+17.2%	$196.9M-24.1%	$249.8M+88.8%	$199.6M-8.6%	$269.5M+15.4%
EPS (Basic)	$0.37+68.2%	$0.33+17.9%	$0.33+43.5%	$0.35+16.7%	$0.22-26.7%	$0.28+75.0%	$0.23-23.3%	$0.30-9.1%
EPS (Diluted)	$0.37+68.2%	$0.33+17.9%	$0.33+43.5%	$0.35+16.7%	$0.22-24.1%	$0.28+75.0%	$0.23-23.3%	$0.30-9.1%
Diluted Shares (Avg)	935M+3.4%	934M+4.7%	N/A	915M+4.9%	904M+3.8%	892M+6.8%	N/A	872M+22.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

O Balance Sheet

O quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$72.8B+5.8%	$68.8B+19.1%	$57.8B+16.3%	$49.7B+15.2%	$43.1B+108.0%	$20.7B+11.8%	$18.6B+21.6%	$15.3B+8.6%	$14.1B+6.9%	$13.2B+11.0%	$11.8B+7.6%	$11.0B+11.0%	$9.9B+82.8%	$5.4B+22.9%	$4.4B
Cash & Equivalents	$434.8M-2.3%	$445.0M+91.0%	$232.9M+36.1%	$171.1M-33.8%	$258.6M-68.6%	$824.5M+1426.5%	$54.0M+420.0%	$10.4M+50.6%	$6.9M-26.8%	$9.4M-81.3%	$50.3M+9.0%	$46.2M	N/A	N/A	N/A
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	N/A	N/A	N/A
Accounts Receivable	$1.1B+20.0%	$877.7M+23.5%	$710.5M+30.8%	$543.2M+27.3%	$426.8M+49.4%	$285.7M+57.0%	$182.0M+25.5%	$145.0M+21.3%	$119.5M+14.3%	$104.6M+28.0%	$81.7M+26.9%	$64.4M+63.7%	$39.3M+81.6%	$21.7M+40.9%	$15.4M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	N/A	N/A	N/A
Goodwill	$4.9B0.0%	$4.9B+32.2%	$3.7B0.0%	$3.7B+1.5%	$3.7B+25828.8%	$14.2M-1.7%	$14.4M-1.4%	$14.6M-2.3%	$15.0M-0.6%	$15.1M-1.7%	$15.3M-1.0%	$15.5M-1.2%	$15.7M-7.6%	$16.9M-1.5%	$17.2M
Total Liabilities	$32.7B+9.7%	$29.8B+20.7%	$24.7B+18.4%	$20.8B+15.7%	$18.0B+85.2%	$9.7B+11.1%	$8.8B+22.6%	$7.1B+7.1%	$6.7B+4.7%	$6.4B+20.3%	$5.3B-1.5%	$5.4B+19.3%	$4.5B+49.3%	$3.0B+39.4%	$2.2B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4.0B+8.9%	$3.6B-3.9%	$3.8B+18.8%	$3.2B+25.5%	$2.5B+45.7%	$1.8B
Total Equity	$39.4B+1.5%	$38.8B+17.9%	$32.9B+14.7%	$28.7B+14.6%	$25.1B+128.1%	$11.0B+12.4%	$9.8B+20.8%	$8.1B+9.7%	$7.4B+8.9%	$6.8B+3.6%	$6.5B+16.4%	$5.6B+4.2%	$5.4B+123.2%	$2.4B+7.0%	$2.3B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$76.4B+7.0%	$74.6B+6.9%	$72.8B+5.8%	$71.3B+4.1%	$71.4B+4.9%	$69.8B+2.1%	$68.8B+19.1%	$68.5B+23.7%
Cash & Equivalents	$552.6M-31.0%	$373.5M+17.1%	$434.8M-2.3%	$417.2M+5.1%	$800.4M+80.8%	$319.0M-53.1%	$445.0M+91.0%	$397.0M+15.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$1.1B+18.0%	$1.1B+17.3%	$1.1B+20.0%	$1.0B+20.5%	$962.1M+22.0%	$952.4M+20.7%	$877.7M+23.5%	$835.3M+23.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B-1.2%	$4.9B+32.2%	$4.9B+32.2%
Total Liabilities	$34.5B+7.6%	$33.3B+9.2%	$32.7B+9.7%	$32.0B+7.4%	$32.1B+10.0%	$30.5B+5.2%	$29.8B+20.7%	$29.8B+26.7%
Total Equity	$39.5B+1.0%	$39.1B+0.3%	$39.4B+1.5%	$39.1B+1.5%	$39.2B+1.5%	$39.0B+0.1%	$38.8B+17.9%	$38.5B+21.5%

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.

O Cash Flow Statement

O quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$4.2B	$4.0B+11.8%	$3.6B+20.8%	$3.0B+15.4%	$2.6B+93.9%	$1.3B+18.5%	$1.1B+4.4%	$1.1B+13.6%	$940.7M+7.4%	$875.9M+9.5%	$799.9M+15.3%	$693.6M+10.5%	$627.7M+21.0%	$518.9M+58.9%	$326.5M+9.2%	$299.0M
Depreciation & Amortization	N/A	$2.5B+5.4%	$2.4B+26.4%	$1.9B+13.5%	$1.7B+86.0%	$897.8M+32.6%	$677.0M+14.0%	$594.0M+10.0%	$539.8M+8.2%	$498.8M+10.9%	$449.9M+10.0%	$409.2M+9.2%	$374.7M+22.1%	$306.8M+108.0%	$147.5M+26.6%	$116.5M
Stock-Based Compensation	N/A	$30.8M-46.5%	$57.5M+119.2%	$26.2M+21.3%	$21.6M-48.3%	$41.8M+153.1%	$16.5M+20.8%	$13.7M-49.9%	$27.3M+95.5%	$13.9M+16.1%	$12.0M+15.6%	$10.4M-13.1%	$12.0M-42.5%	$20.8M+107.8%	$10.0M+27.0%	$7.9M
Investing Cash Flow	-$8.2B	-$5.7B-69.4%	-$3.3B+64.3%	-$9.4B-11.5%	-$8.4B-30.3%	-$6.4B-216.8%	-$2.0B+42.0%	-$3.5B-113.6%	-$1.6B-30.7%	-$1.3B+26.2%	-$1.7B-40.3%	-$1.2B-3.2%	-$1.2B+11.8%	-$1.3B-32.1%	-$1.0B-7.9%	-$934.9M
Financing Cash Flow	$3.8B	$1.7B+8029.8%	-$21.2M-100.3%	$6.4B+12.2%	$5.7B+25.4%	$4.6B+170.5%	$1.7B-32.1%	$2.5B+252.1%	$707.9M+88.7%	$375.1M-56.7%	$866.2M+65.6%	$523.2M-3.2%	$540.8M-33.9%	$818.1M+19.8%	$683.0M+9.7%	$622.5M
Dividends Paid	$3.0B	$2.9B+8.5%	$2.7B+27.5%	$2.1B+16.5%	$1.8B+55.1%	$1.2B+21.2%	$964.2M+13.1%	$852.1M+11.9%	$761.6M+10.5%	$689.3M+12.9%	$610.5M+14.5%	$533.2M+11.3%	$479.3M+17.1%	$409.2M+73.1%	$236.3M+7.8%	$219.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.1B+8.0%	$874.5M+11.0%	$1.2B+23.8%	$943.1M+12.1%	$1.1B+8.1%	$787.5M+1.1%	$972.0M+27.8%	$841.5M+15.0%
Depreciation & Amortization	$644.7M-0.5%	$630.3M+3.5%	$635.4M+4.7%	$632.0M+4.9%	$647.8M+7.0%	$608.9M+4.8%	$606.7M+27.5%	$602.3M+21.5%
Stock-Based Compensation	$9.3M+14.8%	$11.4M+93.0%	N/A	N/A	$8.1M	$5.9M-82.7%	N/A	N/A
Investing Cash Flow	-$2.4B-111.7%	-$2.6B-96.3%	-$2.1B-19.3%	-$1.1B-100.8%	-$1.2B-79.3%	-$1.3B-237.9%	-$1.8B+34.8%	-$537.3M+73.0%
Financing Cash Flow	$1.4B+144.6%	$1.7B+357.0%	$988.5M+14.3%	-$256.2M+25.2%	$570.9M+201.8%	$374.6M+2099.8%	$864.7M-51.8%	-$342.3M-124.5%
Dividends Paid	$756.8M+4.0%	$758.0M+6.5%	$743.8M+7.5%	$737.9M+7.4%	$727.5M+7.6%	$711.8M+11.8%	$691.9M+24.4%	$687.1M+26.5%
Share Buybacks	$6K	$101.9M	N/A	N/A	$0	$0	N/A	N/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

O Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

O quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	18.4%+2.1pp	16.3%-5.1pp	21.4%-4.6pp	26.0%+8.7pp	17.3%-6.7pp	24.0%-5.3pp	29.3%+2.0pp	27.4%+1.2pp	26.2%-2.4pp	28.6%	N/A	N/A	N/A	N/A	37.7%
Return on Equity	2.7%+0.5pp	2.2%-0.4pp	2.6%-0.4pp	3.0%+1.6pp	1.4%-2.2pp	3.6%-0.9pp	4.5%0.0pp	4.5%+0.2pp	4.3%-0.3pp	4.7%+0.3pp	4.3%-0.5pp	4.8%+0.3pp	4.6%-2.0pp	6.6%-0.4pp	7.0%
Return on Assets	1.5%+0.2pp	1.3%-0.3pp	1.5%-0.2pp	1.8%+0.9pp	0.8%-1.1pp	1.9%-0.4pp	2.4%0.0pp	2.4%+0.1pp	2.3%-0.1pp	2.4%0.0pp	2.4%-0.1pp	2.5%0.0pp	2.5%-0.5pp	2.9%-0.6pp	3.5%
Debt-to-Equity	0.83+0.1x	0.770.0x	0.750.0x	0.730.0x	0.72-0.2x	0.890.0x	0.900.0x	0.880.0x	0.90+0.3x	0.590.0x	0.56-0.1x	0.68+0.1x	0.59-0.5x	1.06+0.3x	0.78
Asset Turnover	0.080.0x	0.080.0x	0.070.0x	0.070.0x	0.050.0x	0.080.0x	0.080.0x	0.090.0x	0.090.0x	0.08	N/A	N/A	N/A	N/A	0.09

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	23.9%+10.0pp	20.7%+2.6pp	19.9%+5.0pp	21.5%+1.2pp	14.0%-5.4pp	18.1%+7.6pp	14.9%-5.4pp	20.3%-2.2pp
Return on Equity	0.9%+0.4pp	0.8%+0.2pp	0.8%+0.2pp	0.8%+0.1pp	0.5%-0.2pp	0.6%+0.3pp	0.5%-0.1pp	0.7%0.0pp
Return on Assets	0.5%+0.2pp	0.4%+0.1pp	0.4%+0.1pp	0.4%+0.1pp	0.3%-0.1pp	0.4%+0.2pp	0.3%-0.1pp	0.4%0.0pp
Debt-to-Equity	0.87+0.1x	0.85+0.1x	0.83+0.1x	0.820.0x	0.82+0.1x	0.780.0x	0.770.0x	0.770.0x
Asset Turnover	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Realty Income Corporation O	FY2025	$5.7B	$1.1B	18.4%	$51.3B	51/100
Simon Property Group, Inc. SPG	FY2025	$6.4B	$5.4B	84.3%	$64.5B	66/100
Kimco Realty Corp. KIM	FY2025	$2.1B	$554.4M	25.9%	$14.9B	66/100
Regency Centers Corporation REG	FY2025	$1.6B	$527.5M	34.0%	$13.2B	79/100
Agree Realty Corporation ADC	FY2025	$718.4M	$204.3M	28.4%	$8.2B	47/100
NNN REIT, Inc. NNN	FY2025	$926.2M	$389.8M	42.1%	$7.7B	75/100

Where Realty Income Corporation Ranks

Frequently Asked Questions

What is Realty Income Corporation's annual revenue?

Realty Income Corporation (O) reported $5.7B in total revenue for fiscal year 2025. This represents a 9.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Realty Income Corporation's revenue growing?

Realty Income Corporation (O) revenue grew by 9.1% year-over-year, from $5.3B to $5.7B in fiscal year 2025.

Is Realty Income Corporation profitable?

Yes, Realty Income Corporation (O) reported a net income of $1.1B in fiscal year 2025, with a net profit margin of 18.4%.

What is Realty Income Corporation's net profit margin?

Realty Income Corporation (O) had a net profit margin of 18.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Realty Income Corporation pay dividends?

Yes, Realty Income Corporation (O) paid $3.22 per share in dividends during fiscal year 2025.

What is Realty Income Corporation's return on equity (ROE)?

Realty Income Corporation (O) has a return on equity of 2.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Realty Income Corporation's operating cash flow?

Realty Income Corporation (O) generated $4.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Realty Income Corporation's total assets?

Realty Income Corporation (O) had $72.8B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Realty Income Corporation have outstanding?

Realty Income Corporation (O) had 932M shares outstanding as of fiscal year 2025.

What is Realty Income Corporation's debt-to-equity ratio?

Realty Income Corporation (O) had a debt-to-equity ratio of 0.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Realty Income Corporation's return on assets (ROA)?

Realty Income Corporation (O) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Realty Income Corporation's P/E ratio?

Realty Income Corporation (O) trades at 39.3x earnings, its market capitalization divided by net income of $1.3B net income, trailing 12 months to June 30, 2026. The market capitalization is $51.3B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Realty Income Corporation's price-to-sales ratio?

Realty Income Corporation (O) trades at 8.5x sales, its market capitalization divided by revenue of $6.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $51.3B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Realty Income Corporation's Piotroski F-Score?

Realty Income Corporation (O) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Realty Income Corporation's earnings high quality?

Realty Income Corporation (O) has an earnings quality ratio of 3.77x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Realty Income Corporation?

Realty Income Corporation (O) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.