Income StatementBalance SheetCash FlowSegments
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Realty Income Income Statement

Revenue, expenses, and profitability over time

Realty Income generated $5.9B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.1B with a 19.09% net margin. Diluted EPS is $1.22, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$5.9BNet Income (TTM)$1.1BEps Diluted (TTM)$1.22
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$57.7B
P/E Ratio51.11
ROE2.89%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$0.0$279.0K$331.0K$13.3M$10.3M$10.8M
Depreciation and amortization$606.7M$608.9M$647.8M$632.0M$635.4M$630.3M
General and administrative$49.1M$44.0M$49.3M$55.0M$54.1M$58.9M
Total operating expenses$1.2B$1.1B$1.2B$1.2B$1.2B$1.2B
Lease Costs$96.3M$106.7M$107.4M$106.6M$108.1M$116.8M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest and dividend income, securities—$34.7M———$70.1M
Interest and Fee Income on Loans and Leases—$32.6M———$32.1M
Lease Income$1.3B$1.3B$1.3B$1.4B$1.4B$1.4B
Total revenue$1.3B$1.4B$1.4B$1.5B$1.5B$1.5B

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$199.6M$249.8M$196.9M$315.8M$296.1M$311.8M
Net income$199.6M$249.8M$196.9M$315.8M$296.1M$320.9M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.22$0.28$0.22$0.35$0.32$0.33
Diluted earnings per share$0.23$0.28$0.22$0.35$0.32$0.33
Weighted-average shares, basic—891.7M903M913.9M—932M
Weighted-average shares, diluted—892.4M903.7M915.2M—934.4M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$2.4M$4.4M$3.3M$3.1M$2.6M$2.7M
Interest expense$268.1M$268.4M$283.8M$294.5M$288.2M$291.9M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$221.5M$267.1M$223.1M$341.5M$323.4M$347.1M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$20.1M$15.7M$24.1M$23.8M$21.8M$26.2M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
OCI Cash Flow Hedge Gain (Loss), After Tax, Parent—-$10.6M-$31.5M$18.5M-$1.6M$48.3M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$134.4M$284.4M$219.9M$312.3M$308.8M$344.0M
Foreign currency and derivative loss, net$535.0K-$2.5M-$4.4M-$2.8M-$18.9M-$17.0M
Gain Loss On Sale Of Properties$25.0M$22.5M$38.6M$49.1M$67.4M$35.6M
Impairment Of Real Estate$143.0M$116.6M$143.4M$87.0M$124.4M$129.3M
Membership and other income$60.6M$67.4M$72.2M$84.1M$88.4M$5.7M
Other income, net (Note 6)$7.3M$7.2M$7.4M$10.0M$4.9M$15.1M