Realty Income balance sheet

At the end of fiscal 2025, Realty Income had total assets of $72.80bn, total liabilities of $32.67bn and shareholders' equity of $39.44bn. It held $435m in cash against $555m of debt: net debt of $120m.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Realty Income: balance sheet, annual
Fiscal year	2008Dec 2008	2009Dec 2009	2010Dec 2010	2011Dec 2011	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	—	—	—	—	0.0	0.0	0.0	0.1	0.8	0.3	0.2	0.2	0.4	0.4	0.4
Goodwill	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.7	3.7	3.7	4.9	4.9	4.9
Total assets	—	2.9	3.5	4.4	13.2	14.1	15.3	18.6	20.7	43.1	49.7	57.8	68.8	72.8	78.0
Long-term debt	—	—	—	1.8	4.0	—	—	—	—	—	—	—	—	—	—
Total debt	—	0.0	0.0	1.8	4.0	—	0.3	0.4	0.3	2.0	1.6	1.6	0.1	0.6	1.5
Total liabilities	—	1.4	1.7	2.2	6.4	6.7	7.1	8.8	9.7	18.0	20.8	24.7	29.8	32.7	35.3
Shareholders' equity	1.6	1.5	1.8	2.3	6.8	7.4	8.1	9.8	11.0	25.1	28.7	32.9	38.8	39.4	39.5
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.2
Net debt (negative = net cash)	—	—	—	—	4.0	−0.0	0.3	0.4	−0.5	1.8	1.4	1.4	−0.3	0.1	1.2
Shares outstanding	—	209m	—	266m	260m	284m	304m	334m	361m	—	660m	752m	892m	934m	951m

US$ billions unless shown otherwise. Fiscal quarters.

Realty Income: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Goodwill	4.9	4.9	4.9	4.9	4.9	4.9	4.9	4.9
Total assets	68.8	69.8	71.4	71.3	72.8	74.6	76.4	78.0
Total liabilities	29.8	30.5	32.1	32.0	32.7	33.3	34.5	35.3
Shareholders' equity	38.8	39.0	39.2	39.1	39.4	39.1	39.5	39.5
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	2.1	2.4	3.2
Shares outstanding	892m	903m	914m	920m	934m	932m	946m	951m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Realty Income's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Realty Income.