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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,145 | 875 | 1,203 | 943 | 1,061 | 788 | 972 | 841 | 981 | 779 | 761 | 732 |
| Depreciation and amortization | 654 | 636 | 642 | 635 | 647 | 619 | 615 | 609 | 616 | 590 | 489 | 515 |
| Investing cash flow | -2,449 | -2,579 | -2,114 | -1,079 | -1,157 | -1,314 | -1,772 | -537 | -645 | -389 | -2,716 | -1,992 |
| Financing cash flow | 1,396 | 1,712 | 989 | -256 | 571 | — | — | — | — | — | — | — |
| Dividends paid | -757 | -758 | -744 | -738 | -727 | -712 | -692 | -690 | -679 | -639 | -556 | -543 |
| Share repurchases | -0.0 | -102 | 0.0 | 0.0 | 0.0 | — | — | — | — | — | — | — |
| Debt issued | 24,766 | 21,353 | 7,974 | 2,884 | 7,126 | 5,595 | 12,189 | 14,798 | 3,290 | 9,269 | 45,293 | 7,073 |
| Debt repaid | -23,734 | -20,309 | -7,566 | -2,717 | -6,385 | -5,124 | -11,563 | -14,514 | -3,172 | -9,120 | -44,490 | -6,010 |
| Effect of exchange rates | -1.6 | -3.9 | -0.7 | -6.4 | 16.2 | 6.7 | -17.3 | 12.9 | 0.9 | -2.3 | 21.9 | -19.0 |
| Net change in cash | 91.3 | 3.3 | 77.6 | -399 | 491 | -145 | 47.6 | -25.2 | -224 | 405 | -138 | 116 |
| Free cash flow | 1,145 | 875 | 1,203 | 943 | 1,061 | — | — | — | — | — | — | — |
| Levered free cash flow | 427 | -394 | 1,077 | 471 | 643 | 484 | 375 | 866 | 497 | 749 | 565 | 594 |