Realty Income Corporation
Realty Income Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.7 billion, up 9.07% from fiscal 2024. In the quarter to June 2026, revenue grew 9.74%, EPS grew 68.2%, free cash flow fell 639.9% and total debt rose 8.11%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for ten.
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Realty Income Corporation (O) Net margin
Realty Income Corporation's net margin over the twelve months to 30 June 2026 was 20.9%, up 2.5 percentage points from fiscal 2025 (18.4%). Over the past ten years it has ranged from 16.1% (fiscal 2024) to 29.3% (fiscal 2019); the current reading is higher than 27% of that period. That is below the Reit Retail industry median of 27.1% and above the Real Estate sector median of 7.83%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 18.4% | 2.32 |
| FY2024 | 16.1% | (5.30) |
| FY2023 | 21.4% | (4.61) |
| FY2022 | 26.0% | 8.72 |
| FY2021 | 17.3% | (6.73) |
| FY2020 | 24.0% | (5.32) |
| FY2019 | 29.3% | 1.95 |
| FY2018 | 27.4% | 2.58 |
| FY2017 | 24.8% | (1.35) |
| FY2016 | 26.2% | 1.07 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 22.2% | 2.09 |
| Mar 2026 | 20.1% | 0.23 |
| Dec 2025 | 19.9% | (1.57) |
| Sep 2025 | 21.5% | 7.51 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| SPG Simon Property Group, Inc. compare | 66.5% |
| NNN NNN REIT, Inc. compare | 40.4% |
| REG Regency Centers Corporation compare | 33.5% |
| FRT Federal Realty Investment Trust compare | 32.0% |
| BRX Brixmor Property Group Inc. compare | 30.8% |
| ADC Agree Realty Corporation compare | 27.9% |
| KIM Kimco Realty Corporation compare | 26.4% |
| O Realty Income Corporation | 20.9% |
| MAC Macerich Company (The) compare | −16.9% |
| Reit Retail industry median | 27.1% |
| Real Estate sector median | 7.83% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on O
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement