Discontinued — last reported Q3 '18

Non-Current Liabilities

Lease intangible liabilities, net

Realty Income Lease intangible liabilities, net decreased by 1.0% to $1.48B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.1%, from $1.61B to $1.48B. Over 5 years (FY 2020 to FY 2025), Lease intangible liabilities, net shows an upward trend with a 36.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ4 2017
Last reportedQ3 2018

How to read this metric

A decrease indicates the gradual amortization of these liabilities, which typically boosts rental revenue over time.

Detailed definition

Represents the liability associated with acquired leases that are currently priced below market rates. This is an accoun...

Peer comparison

Standard for REITs that grow through acquisitions; reflects purchase price accounting adjustments.

Metric ID: reit_lease_intangibles_liabilities

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$319.50M$341.68M$1.31B$1.35B$1.35B$1.37B$1.38B$1.45B$1.44B$1.43B$1.41B$1.74B$1.70B$1.68B$1.64B$1.61B$1.58B$1.53B$1.49B$1.48B
QoQ Change+6.9%+282.9%+3.2%-0.3%+1.6%+0.8%+4.8%-0.4%-1.0%-1.4%+23.7%-2.0%-1.7%-2.4%-1.6%-1.7%-3.3%-2.2%-1.0%
YoY Change+321.5%+300.5%+5.4%+7.0%+6.9%+4.2%+2.0%+20.4%+18.4%+17.5%+16.3%-7.5%-7.3%-8.8%-8.7%-8.1%
Range$319.50M$1.74B
CAGR+38.1%
Avg YoY Growth+42.5%
Median YoY Growth+6.2%
Current Streak8 quarters decline

Frequently Asked Questions

What is Realty Income's lease intangible liabilities, net?
Realty Income (O) reported lease intangible liabilities, net of $1.48B in Q1 2026.
How has Realty Income's lease intangible liabilities, net changed year-over-year?
Realty Income's lease intangible liabilities, net decreased by 8.1% year-over-year, from $1.61B to $1.48B.
What is the long-term trend for Realty Income's lease intangible liabilities, net?
Over 5 years (2020 to 2025), Realty Income's lease intangible liabilities, net has grown at a 36.0% compound annual growth rate (CAGR), from $321.20M to $1.49B.
What does lease intangible liabilities, net mean?
The accounting value of liabilities created when acquired properties have leases with below-market rent rates.