Operating Expenses
Lease Costs
Realty Income Lease Costs increased by 8.1% to $116.84M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.5%, from $106.68M to $116.84M. Over 4 years (FY 2021 to FY 2025), Lease Costs shows an upward trend with a 33.8% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2018
Last reportedQ1 2026May 7, 2026
How to read this metric
Increasing lease costs may indicate expansion or a shift toward an asset-light strategy, while decreasing costs could signal consolidation or a shift toward asset ownership.
Detailed definition
This metric aggregates the total expenses incurred from leasing arrangements, including operating lease payments, variab...
Peer comparison
Standard across all sectors; peers report this under operating expenses, often broken down in lease-specific disclosures.
Metric ID:
wfc_lease_costsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $31.73M | $29.66M | $43.71M | $52.34M | $52.18M | $52.72M | $69.09M | $69.40M | $94.70M | $70.98M | $81.88M | $89.36M | $99.85M | $92.15M | $96.31M | $106.68M | $107.42M | $106.62M | $108.08M | $116.84M |
| QoQ Change | — | -6.5% | +47.4% | +19.7% | -0.3% | +1.0% | +31.1% | +0.4% | +36.5% | -25.0% | +15.4% | +9.1% | +11.7% | -7.7% | +4.5% | +10.8% | +0.7% | -0.7% | +1.4% | +8.1% |
| YoY Change | — | — | — | — | +64.4% | +77.7% | +58.1% | +32.6% | +81.5% | +34.6% | +18.5% | +28.8% | +5.4% | +29.8% | +17.6% | +19.4% | +7.6% | +15.7% | +12.2% | +9.5% |
Range$29.66M – $116.84M
CAGR+31.6%
Avg YoY Growth+32.1%
Median YoY Growth+24.1%
Current Streak2 quarters growth
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Reportable Segment | $19.30M | $20.00M | $24.10M | $25.00M | $19.36M |
| Total | $106.68M | $107.42M | $106.62M | $108.08M | $116.84M |
Lease Costs at Other Companies
Frequently Asked Questions
- What is Realty Income's lease costs?
- Realty Income (O) reported lease costs of $116.84M in Q1 2026.
- How has Realty Income's lease costs changed year-over-year?
- Realty Income's lease costs increased by 9.5% year-over-year, from $106.68M to $116.84M.
- What is the long-term trend for Realty Income's lease costs?
- Over 4 years (2021 to 2025), Realty Income's lease costs has grown at a 33.8% compound annual growth rate (CAGR), from $133.61M to $428.80M.
- What does lease costs mean?
- The total expense recognized for renting or leasing assets.