Realty Income revenue and financials
$54.25Change from previous close: +0.89%Absolute change: +$0.48
In the fiscal year ended December 2025, Realty Income reported revenue of $5.75B (+9.07% year over year). Net income was $1.06B, a net margin of 18.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.07%
- 2025 vs 2024
- Net income growth
- +22.98%
- 2025 vs 2024
- Net margin
- 18.4%
- 2024: 16.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,995 | 3,573 | 2,959 | 2,564 | 1,322 | 1,116 | 1,069 | 941 | 876 | 800 |
| Depreciation and amortization | 2,524 | 2,396 | 1,895 | 1,670 | 898 | 677 | 594 | 540 | 499 | 450 |
| Investing cash flow | -5,663 | -3,343 | -9,355 | -8,387 | -6,438 | — | — | — | — | — |
| Financing cash flow | 1,678 | -21.2 | 6,437 | 5,738 | — | — | — | — | — | — |
| Dividends paid | -2,921 | -2,692 | -2,112 | -1,813 | -1,169 | -964 | -852 | -762 | -689 | -611 |
| Share repurchases | 0.0 | -173 | 0.0 | 0.0 | — | — | — | — | — | — |
| Debt issued | 23,579 | 39,545 | 82,607 | 30,694 | — | — | — | — | — | — |
| Debt repaid | -21,792 | -38,369 | -79,420 | -27,747 | — | — | — | — | — | — |
| Effect of exchange rates | 15.9 | -5.9 | 24.0 | -20.5 | 20.1 | — | — | — | — | — |
| Net change in cash | 25.3 | 203 | 65.3 | -105 | -518 | — | — | — | — | — |
| Free cash flow | 3,995 | 3,573 | 2,959 | 2,564 | — | — | — | — | — | — |
| Levered free cash flow | 2,676 | 2,486 | 1,818 | 1,691 | 1,051 | — | — | — | — | — |