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.
Revenue
$1.4B
Gross Profit
N/A
Operating Profit
$267.1M
Net Profit
$249.8M
Gross Margin
N/A
Operating Margin
19.3%
Net Margin
18.1%
YoY Growth
9.5%
EPS
$0.28
Realty Income Q1 FY2025 Financial Summary
Realty Income reported revenue of $1.4B (up 9.5% YoY) for Q1 FY2025, with a net profit of $249.8M (up 88.8% YoY) (18.1% margin).
Key Financial Metrics
| Total Revenue | $1.4B |
|---|---|
| Net Profit | $249.8M |
| Gross Margin | N/A |
| Operating Margin | 19.3% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Realty Income Q1 FY2025 revenue of $1.4B breaks down across 3 segments, led by Product And Service Retail at $864.1M (62.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Product And Service Retail | $864.1M | 62.6% |
| Other | $257.6M | 18.7% |
| Product And Service Industrial Segment | $196.4M | 14.2% |
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 Product And Service Retail and Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Product And Service Retail | — | $900.8M | $892.1M | $858.4M |
| Other | $107.9M | $531.5M | $324.0M | $293.6M |
| Product And Service Industrial Segment | — | — | $193.0M | $197.2M |
Realty Income Annual Revenue by Year
Realty Income annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.7B |
| 2024 | $5.3B |
| 2023 | $4.1B |
| 2022 | $3.3B |
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 |