What was REALTY INCOME CORP's revenue in fiscal 2025?

REALTY INCOME CORP reported revenue of $5.75B for fiscal 2025, up 9.1% from fiscal 2024.

What is REALTY INCOME CORP's net margin?

Net margin was 18.4%, against a median of 12.8% across S&P 500 members for the same fiscal year.

What is REALTY INCOME CORP's diluted EPS?

Diluted EPS was $1.17, up 19.4% from the prior year.

Are REALTY INCOME CORP insiders buying or selling shares?

Over the past 12 months, insiders reported 3 open-market sales totalling $873.6K on Form 4.

Which institutions hold REALTY INCOME CORP stock?

2,163 institutions reported holding REALTY INCOME CORP shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Portfolio Management's.

Overview

REALTY INCOME CORP

ONYSEReal EstateReal Estate Investment TrustsCIK 0000726728Large-cap benchmark

Latest 10-K: FY2025, filed Feb 25, 2026 · Open the 10-K (Inline XBRL) ↗

Ask about O in Workspace

Revenue: $5.75B; 9.1%YoYup from FY2024; TotalRevenue
Gross profit: Not reported
Net income: $1.06B; 23.0%YoYup from FY2024; NetIncome
Diluted EPS: $1.17; 19.4%YoYup from FY2024; EPSDiluted
Diluted shares: 908.3M; 5.2%YoYup from FY2024; WeightedAvgSharesDiluted

At a glance

Growth

REALTY INCOME CORP reported revenue of $5.75B for fiscal 2025, up 9.1% from fiscal 2024.
Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.

Profitability

Net margin was 18.4%, against a median of 12.8% across S&P 500 members for the same fiscal year.

Per share

Diluted EPS was $1.17, up 19.4% from the prior year.

Insiders & holders

Over the past 12 months, insiders reported 3 open-market sales totalling $873.6K on Form 4.
2,163 institutions reported holding REALTY INCOME CORP shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Portfolio Management's.

Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K, Form 4, 13F

Quick answers

What was REALTY INCOME CORP's revenue in fiscal 2025?: REALTY INCOME CORP reported revenue of $5.75B for fiscal 2025, up 9.1% from fiscal 2024.
What is REALTY INCOME CORP's net margin?: Net margin was 18.4%, against a median of 12.8% across S&P 500 members for the same fiscal year.
What is REALTY INCOME CORP's diluted EPS?: Diluted EPS was $1.17, up 19.4% from the prior year.
Are REALTY INCOME CORP insiders buying or selling shares?: Over the past 12 months, insiders reported 3 open-market sales totalling $873.6K on Form 4.
Which institutions hold REALTY INCOME CORP stock?: 2,163 institutions reported holding REALTY INCOME CORP shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Portfolio Management's.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Revenue	$5.75B9.1%up Benchmark median 6.4%	$5.27B29.2%up Benchmark median 4.5%	$4.08B22.0%up Benchmark median 4.8%	$3.34B60.7%up Benchmark median 10.3%	$2.08B26.3%up Benchmark median 13.8%	28.9% Benchmark median 6.6%
Gross Profit Median of 315 / 498	—	—	—	—	—	— Benchmark median 6.2%
Operating Income Median of 373 / 498	—	—	—	—	—	— Benchmark median 7.2%
Net Income	$1.06B23.0%up Benchmark median 4.8%	$0.86B1.3%down Benchmark median 5.7%	$0.87B0.3%up Benchmark median 1.9%	$0.87B141.9%up Benchmark median 1.3%	$0.36B9.1%down Benchmark median 33.9%	31.0% Benchmark median 4.1%
EPS (Diluted)	$1.1719.4%up Benchmark median 6.2%	$0.9822.2%down Benchmark median 7.9%	$1.2611.3%down Benchmark median 1.9%	$1.4263.2%up Benchmark median 1.5%	$0.8723.7%down Benchmark median 34.8%	7.7% Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Total Assets	$72.80B5.8%up Benchmark median 5.6%	$68.84B19.1%up Benchmark median 3.4%	$57.78B16.3%up Benchmark median 4.1%	$49.67B15.2%up Benchmark median 2.2%	$43.14B108.0%up Benchmark median 6.7%	14.0% Benchmark median 4.7%
Total Liabilities Median of 357 / 498	$32.67B9.7%up Benchmark median 6.4%	$29.78B20.7%up Benchmark median 1.9%	$24.67B18.4%up Benchmark median 2.9%	$20.83B15.7%up Benchmark median 2.0%	$18.01B85.2%up Benchmark median 5.2%	16.1% Benchmark median 4.4%
Stockholders' Equity	$40.12B2.7%up Benchmark median 6.8%	$39.05B18.0%up Benchmark median 5.4%	$33.11B14.8%up Benchmark median 7.3%	$28.84B14.8%up Benchmark median 2.5%	$25.13B128.1%up Benchmark median 9.0%	12.4% Benchmark median 6.1%
Cash & Equivalents	$434.84M2.3%down Benchmark median 5.2%	$444.96M91.0%up Benchmark median 1.9%	$232.92M36.1%up Benchmark median 6.7%	$171.10M33.8%down Benchmark median -8.6%	$258.58M68.6%down Benchmark median -2.9%	13.9% Benchmark median 2.0%
Total Debt	$516.80M^†667.9%up Benchmark median 2.1%	$67.30M^†91.2%down Benchmark median 0.2%	$764.40M^†8.9%up Benchmark median 0.3%	$701.80M^†22.1%down Benchmark median 0.1%	$901.40M^† Benchmark median -0.1%	-13.0% Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Operating Cash Flow	$3.99B11.8%up Benchmark median 6.3%	$3.57B20.8%up Benchmark median 4.8%	$2.96B15.4%up Benchmark median 9.9%	$2.56B93.9%up Benchmark median -0.7%	$1.32B18.5%up Benchmark median 10.7%	31.8% Benchmark median 7.0%
Capital Expenditures	—	—	—	—	—	— Benchmark median 9.0%
Free Cash Flow Median of 378 / 498	—	—	—	—	—	— Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

2.1%

Wall Street

on net earnings

FY2024 1.8%

— Not reported

Value investor

on free cash flow

FY2024 — Not reported

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 48.2×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

Cash & capital allocation

Where the cash went in FY2025, from the 10-K cash flow statement.

Operating cash flow: $3.99B
Capex: —
Free cash flow: —
R&D: —
Buybacks: —
Dividends: $2.92B
Debt repaid: $1.05B
Debt issued: $2.89B
Net debt change: $1.84B

Uses of operating cash flow, FY2025

Dividends73.1%
Debt repayment26.3%

Each use is shown against operating cash flow on its own; the uses overlap.

Free cash flow by year

FY21—
FY22—
FY23—
FY24—
FY25—

Buybacks by year

FY21—
FY22—
FY23—
FY24—
FY25—

Smart money

Who is trading and holding REALTY INCOME CORP, from Form 4, 13F and 13D/13G filings.

Insiders

Insider activity · past 12 months

Open-market trades reported on Form 4 in the past 365 days.

Buys: 0; none reported
Sales: 3; 2 insiders
Value sold: $873.6K
Shares sold: 14,150
Net shares: -14,150; bought minus sold
Last trade: Sep 10, 2026

Purchases 0% of valueSales 100% of value

Latest open-market insider trades from Form 4
Insider	Type	Date	Shares	Price	Value	Filing
McLaughlin GregoryDirector	Sell	Sep 10, 2026	3,475	$60.15	$209,022	View filing on SEC EDGAR
Bushore MichelleSee Remarks	Sell	Apr 2, 2026	7,400	$62.42	$461,908	View filing on SEC EDGAR
McLaughlin GregoryDirector	Sell	Apr 1, 2026	3,275	$61.87	$202,624	View filing on SEC EDGAR

Open-market purchases (code P) and sales (code S) only. Grants, option exercises and tax withholding are excluded. Sales may be made under pre-arranged Rule 10b5-1 plans.

Ownership

Largest institutional holders

13F

Quarter ended Jun 30, 2026; change versus Mar 31, 2026.

Institutions reporting: 2,163
Top 3 hold: 23.1%; of 908.33M diluted shares, FY2025 10-K

Top 3 holders, share of diluted sharesof 100%

Vanguard Portfolio Management9.2%
83,115,805 sh · $5.1BAdded 2.3%13F-HR · Jun 30, 2026 on SEC EDGAR
STATE STREET CORP7.3%
65,929,425 sh · $4.1BAdded 3.4%13F-HR · Jun 30, 2026 on SEC EDGAR
Vanguard Capital Management6.7%
60,848,009 sh · $3.8BAdded 1.2%13F-HR · Jun 30, 2026 on SEC EDGAR

See plans

Some filers' amendments could not be read, so a few holders may be counted twice.

Bars: share of diluted shares on a shared scale; the tick marks 5%. 13F filings are due 45 days after quarter end, so this is the latest fully reported quarter. Amended filings are counted once.

Blockholders, 5% and over

13D/G

SC 13D / 13G, latest filing per filer.

Filers at 5%+: 7
Combined: 53.9%; sum of latest filings
Activist (13D): 0

5%+ filers, share of the class as filedof 100%

BlackRock, Inc.10.5%
Passive · 13GLast filed 2 yrs agoSC 13G/A · Oct 7, 2024 on SEC EDGAR
Vanguard Portfolio Management8.72%
Passive · 13GSC 13G · Apr 29, 2026 on SEC EDGAR
: STATE STREET CORPORATION8.35%
Passive · 13GLast filed 2 yrs agoSC 13G/A · Jan 30, 2024 on SEC EDGAR

See plans

No filer switched from a passive 13G to an activist 13D in the last 365 days.

Percent of the class as each filer last reported it; filings older than a year may no longer reflect the stake. Latest filing per filer within three years; a later filing reporting 0% removes the filer.

Full history, every insider and 13F filer, 13D/G activist stakes, and webhooks are on Institutional.

See Institutional

Smart money

Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Restatement Radar

6 numbers REALTY INCOME CORP later changed — same XBRL tag, both filings linked.

numbers changed: 6
restating filings: 4
came with an amendment or a non-reliance notice: 0

Jul 25, 2013 · 10-Q
changed 1 number
No amendment filed
Open filing
- Total revenueQ2 2012$115.6M restated to $113.1M−2.2%
  As reported · Jul 26, 2012us-gaap:RealEstateRevenueNetAny P/S built on the original was 2.2% too low.
Oct 31, 2013 · 10-Q
changed 1 number
No amendment filed
Open filing
- Total revenueQ3 2012$120.2M restated to $117.1M−2.6%
  As reported · Oct 25, 2012us-gaap:RealEstateRevenueNetAny P/S built on the original was 2.6% too low.
May 1, 2014 · 10-Q
changed 2 numbers
No amendment filed
Open filing
- Net income to commonQ1 2013$61.3M restated to $62.7M+2.3%
  As reported · Apr 26, 2013us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
- Total revenueQ1 2013$171.7M restated to $175.5M+2.2%
  As reported · Apr 26, 2013us-gaap:RealEstateRevenueNetAny P/S built on the original was 2.2% too high.
Jul 24, 2014 · 10-Q
changed 2 numbers
No amendment filed
Open filing
- Net income to commonQ2 2013$44.2M restated to $46M+4.0%
  As reported · Jul 25, 2013us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
- Net incomeQ2 2013$54.7M restated to $56.4M+3.2%
  As reported · Jul 25, 2013us-gaap:NetIncomeLossAny P/E built on the original was 3.1% too high.

O is not the only one.

See every restatement we've found across the market — or get an alert the next time O revises a number.

Restatement Radar Alert me

Restatements are detected by comparing every vintage of a fact across all of REALTY INCOME CORP's filings back to 1993. A revision is not by itself a sign of wrongdoing — companies re-file for many legitimate reasons. This list is not exhaustive: it shows O's most significant revisions, and a figure absent from it has not been certified as unrevised.

Peers, filings & research

Sector Peers

AMERICAN TOWER CORP /MA/

EQIX· Real Estate

EQUINIX INC

SPG· Real Estate

SIMON PROPERTY GROUP INC.

DLR· Real Estate

DIGITAL REALTY TRUST, INC.

Recent SEC filings

The six newest, periodic reports and 8-Ks together. Dates are SEC filing dates.

All filings on EDGAR

Six most recent SEC filings, newest first
Form	Filing	Filed	Document
8-K	Current report (material events) · Event dated Aug 20, 2026 0001104659-26-100789 · accepted 20:00 UTC	Aug 25, 2026	Open	Filed Aug 25, 2026 · 0001104659-26-100789
8-K	Current report (material events) · Event dated Aug 14, 2026 0001104659-26-097260 · accepted 20:35 UTC	Aug 14, 2026	Open	Filed Aug 14, 2026 · 0001104659-26-097260
8-K	Current report (material events) · Event dated Aug 11, 2026 0001104659-26-094314 · accepted 10:02 UTC	Aug 12, 2026	Open	Filed Aug 12, 2026 · 0001104659-26-094314
10-Q	Quarterly report · Quarter ended Jun 30, 2026 0000726728-26-000048 · accepted Aug 5, 21:51 UTC	Aug 6, 2026	Open	Filed Aug 6, 2026 · 0000726728-26-000048
10-K	Annual report · Fiscal year ended Dec 31, 2025 0000726728-26-000011 · accepted Feb 24, 22:44 UTC	Feb 25, 2026	Open	Filed Feb 25, 2026 · 0000726728-26-000011
10-K/A	Annual report amendment · Fiscal year ended Dec 31, 2018 0000726728-19-000041 · accepted 21:08 UTC	Mar 1, 2019	Open	Filed Mar 1, 2019 · 0000726728-19-000041

“Open” goes to the Inline XBRL viewer when the filing has one, else the primary document. The accession opens the EDGAR index.

Research Reports

No published research on O yet.

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The data behind this page

27 tables, history 1993–present. Every figure above is a row you can query.

Fundamentals

Standardized financial facts, ratios and filings.

fact: 121.4Mrows
ratio: 15.8Mrows
filing: 3.71Mrows
entity: 33,316rows

350+ standard concepts.

Built from these SEC forms

10-K
10-K/A
10-K405
10-K405/A
10-KT
10-KT/A
10-Q
10-Q/A
10-QT
10-QT/A
20-F
20-F/A
40-F
40-F/A
8-K
8-K/A
6-K
6-K/A
S-1
S-1/A
S-3
S-3/A
S-4
S-4/A
S-11
S-11/A
F-1
F-1/A
F-3
F-3/A
F-4
F-4/A
POS AM
10-KSB
10-KSB/A
10-QSB
10-QSB/A
DEF 14Asoon
DEF 14Csoon
DEFA14Asoon
PRE 14Asoon
DEFM14Asoon
425soon
SC TO-Tsoon
SC TO-Isoon
SC 14D9soon
SC 13E3soon
CORRESPsoon
NT 10-Ksoon
NT 10-Qsoon
NT 20-Fsoon
N-PORT-Psoon

Smart money

Insider and institutional filings.

institutional_holding: 88.6Mrows
insider_transaction: 12.1Mrows
insider_filing: 5.55Mrows
insider_ownership: 1.98Mrows

109M+ smart-money rows in all.

Built from these SEC forms

Form 3
Form 3/A
Form 4
Form 4/A
Form 5
Form 5/A
13F-HR
13F-HR/A
13F-NT
13F-NT/A
SC 13D
SC 13D/A
SC 13G
SC 13G/A
Form 144
Form 144/A

One real fact row for REALTY INCOME CORP

Fact receiptOperatingCashFlow

Operating cash flow · FY2025

$3.99B

3,994,754,000 USD

REALTY INCOME CORP reported Operating cash flow of $4.0B for fiscal year 2025 in its 10-K filed Feb 25, 2026.

Fiscal period: 2025 FY
Period end: 2025-12-31
Form: 10-K
Filed: Feb 25, 2026
Entity (CIK): 0000726728

Provenance trail

Filed with the SEC
Form 10-K, filed Feb 25, 2026.
Accession 0000726728-26-000011
Open in the Inline XBRL viewer for 0000726728-26-000011
Reported in the filing
Operating cash flow for fiscal year 2025, the period ended 2025-12-31, in USD. Valuein maps the filed line to the standard concept OperatingCashFlow.
Stored as one fact row
Every channel returns this row with the same id.
fact_id e802c6d847a71e7d7675268a4ed6069603853e9b0671534dae6673c180ff8ca3
Shown on this page
The same $3.99B appears in the Cash Flow Statement and in Cash & capital allocation.

fact rowjson

{  "entity_id": "0000726728",  "standard_concept": "OperatingCashFlow",  "fiscal_year": 2025,  "fiscal_period": "FY",  "period_end": "2025-12-31",  "numeric_value": 3994754000,  "unit": "USD",  "accession": "0000726728-26-000011",  "fact_id": "e802c6d847a71e7d7675268a4ed6069603853e9b0671534dae6673c180ff8ca3"}

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bash

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Terminalbash

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Python

from valuein_sdk import ValueinClient with ValueinClient() as client:    sql = """        SELECT fiscal_year, numeric_value FROM fact        WHERE entity_id = '0000726728'          AND standard_concept = 'TotalRevenue'          AND fiscal_period = 'FY'    """    print(client.run_query(sql))

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Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/O

APA-style text

Valuein. (2026, October 31). REALTY INCOME CORP (O) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/O

BibTeX

@misc{valuein_o_2026,
  author = {{Valuein}},
  title = {REALTY INCOME CORP (O) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/O}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}

Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 25, 2026 · accession 0000726728-26-000011

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

View O filings on SEC EDGAR

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At a glance

Growth

Profitability

Per share

Insiders & holders

02Financial statements

Income Statement

Balance Sheet

Cash Flow Statement

Ratios & valuation

03Cash & capital allocation

Uses of operating cash flow, FY2025

Free cash flow by year

Buybacks by year

04Smart money

Insiders

Insider activity · past 12 months

Ownership

Largest institutional holders

Blockholders, 5% and over

Smart money

Jul 25, 2013 · 10-Q

Oct 31, 2013 · 10-Q

May 1, 2014 · 10-Q

Jul 24, 2014 · 10-Q

06Peers, filings & research

Sector Peers

Recent SEC filings

Research Reports

07The data behind this page

Fundamentals

Built from these SEC forms

Smart money

Built from these SEC forms

One real fact row for REALTY INCOME CORP

Provenance trail

Get the same data

08Cite this page

Insiders & holders

03Cash & capital allocation

Uses of operating cash flow, FY2025

Free cash flow by year

Buybacks by year

04Smart money

Insiders

Insider activity · past 12 months

Ownership

Largest institutional holders

Blockholders, 5% and over

Jul 25, 2013 · 10-Q

Oct 31, 2013 · 10-Q

May 1, 2014 · 10-Q

Jul 24, 2014 · 10-Q

Sector Peers

Recent SEC filings

07The data behind this page

Fundamentals

Built from these SEC forms

Smart money

Built from these SEC forms

One real fact row for REALTY INCOME CORP

Provenance trail

Get the same data

Financial statements

Cash & capital allocation

Smart money

Peers, filings & research

The data behind this page

Cite this page

Cash & capital allocation

Smart money

The data behind this page