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Realty Income O Lease Income

Segments

By geography

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U.S. real estate$1.12B
U.K.$150.89M

By product

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Retail$1.15B+10.0%
Industrial$234.53M+12.7%

Other financials

Income statement

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Revenue$1.5B+12.2%
Net income$320.9M+28.5%
EPS (diluted)$0.33+17.9%

Balance sheet

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Cash & equivalents$373.5M+17.1%
Total debt$545.1M+3.7%
Total equity$39.1B+0.3%
Total assets$74.6B+6.9%

Cash flow

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Operating cash flow$874.5M+11.0%
CapEx$26.3M+14.9%
Free cash flow$848.2M+10.9%

Valuation

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Market cap$61.17B+19.1%
Enterprise value$61.34B+20.1%
P/E54.2×-1.9×
P/S10.3×+0.9×

Profitability

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Net margin19.1%+0.9pp
FCF margin66.7%+2.7pp

Returns & leverage

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Return on equity2.9%+0.4pp
Debt / equity0.0×

Questions, answered.

What does lease income mean?
Represents the total rental revenue generated from property leasing activities, including base rent and tenant reimbursements. This is the primary revenue stream for a real estate investment trust, reflecting the core performance of the property portfolio.