Realty IncomeOEarnings & Financial Report
Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.
O Q1 FY2026 Key Financial Metrics
Revenue
$1.5B
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$320.9M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
20.7%
YoY Growth
12.2%
EPS
$0.33
Realty Income Q1 FY2026 Financial Summary
Realty Income reported revenue of $1.5B (up 12.2% YoY) for Q1 FY2026, with a net profit of $320.9M (up 27.6% YoY) (20.7% margin).
Key Financial Metrics
| Total Revenue | $1.5B |
|---|---|
| Net Profit | $320.9M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Realty Income Q1 FY2026 revenue of $1.5B breaks down across 2 segments, led by Rental (including reimbursements) (1) at $1.4B (93.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Rental (including reimbursements) (1) | $1.4B | 93.0% |
| Other | $107.9M | 7.0% |
Realty Income Revenue by Segment — Quarterly Trend
Realty Income revenue by segment across the last 4 reported quarters, showing how each business line (such as Rental (including reimbursements) (1) and Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Rental (including reimbursements) (1) | $1.4B | — | — | — |
| Other | $107.9M | $531.5M | $324.0M | $293.6M |
Realty Income Annual Revenue by Year
Realty Income annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.7B).
Realty Income Quarterly Revenue & Net Profit History
Realty Income results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.5B | +12.2% | $320.9M | 20.7% |
| Q4 FY2025 | $1.5B | +11.0% | $296.1M | 19.9% |
| Q3 FY2025 | $1.5B | +10.5% | $315.8M | 21.5% |
| Q2 FY2025 | $1.4B | +5.3% | $196.9M | 14.0% |
| Q1 FY2025 | $1.4B | +9.5% | $249.8M | 18.1% |
| Q4 FY2024 | $1.3B | +24.5% | $199.6M | 14.9% |
| Q3 FY2024 | $1.3B | +28.1% | $269.5M | 20.2% |
| Q2 FY2024 | $1.3B | +31.4% | $259.4M | 19.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.34B | $1.33B | $1.34B | $1.38B | $1.41B | $1.47B | $1.49B | $1.55B |
| YoY Growth | 31.4% | 28.1% | 24.5% | 9.5% | 5.3% | 10.5% | 11.0% | 12.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $68.06B | $68.47B | $68.84B | $69.76B | $71.42B | $71.28B | $72.80B | $74.55B |
| Liabilities | $29.15B | $29.80B | $29.78B | $30.52B | $32.06B | $32.02B | $32.67B | $33.32B |
| Equity | $38.58B | $38.46B | $38.84B | $39.03B | $39.15B | $39.05B | $39.44B | $39.15B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $981.2M | $841.5M | $972.0M | $787.5M | $1.06B | $943.1M | $1.20B | $874.5M |