Realty Income income statement
In fiscal 2025, Realty Income reported revenue of $5.75bn, up 9.1% on the year before and net income of $1.06bn, or $1.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 325 | 323 | 343 | 421 | 1,103 | 1,216 | 1,328 | 1,488 | 1,647 | 2,080 | 3,344 | 4,079 | 5,271 | 5,749 | 6,206 |
| General and administrative | 22 | 21 | 25 | 31 | 52 | 58 | 84 | 66 | 73 | 97 | 138 | 145 | 177 | 203 | 225 |
| Interest expense | 94 | 86 | 93 | 108 | 220 | 247 | 266 | 291 | 309 | 324 | 465 | 730 | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | 5 | 107 | 37 | 66 |
| Income before tax | — | — | — | — | — | — | — | 444 | 411 | 392 | 918 | 929 | 934 | 1,155 | 1,523 |
| Income tax | 1 | 1 | 1 | 1 | 3 | 6 | 5 | 6 | 15 | 32 | 45 | 52 | 67 | 85 | 97 |
| Net income | 132 | 131 | 131 | 157 | 316 | 319 | 364 | 436 | 395 | 359 | 869 | 872 | 861 | 1,059 | 1,356 |
| Diluted EPS | — | — | $0.49 | $0.51 | $1.09 | $1.07 | $1.22 | $1.38 | $1.14 | $0.87 | $1.42 | $1.26 | $0.98 | $1.17 | $1.45 |
| Diluted shares (average) | 202m | 207m | 212m | 252m | 256m | 274m | 290m | 316m | 345m | 415m | 612m | 693m | 864m | 908m | 934m |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,340 | 1,381 | 1,410 | 1,471 | 1,488 | 1,549 | 1,548 | 1,622 |
| General and administrative | 49 | 44 | 49 | 55 | 54 | 59 | 58 | 54 |
| Provision for credit losses | 33 | 19 | 1 | 12 | 5 | 39 | 7 | 14 |
| Income before tax | 221 | 267 | 223 | 341 | 323 | 347 | 396 | 456 |
| Income tax | 20 | 16 | 24 | 24 | 22 | 26 | 26 | 24 |
| Net income | 200 | 250 | 197 | 316 | 296 | 312 | 344 | 404 |
| Diluted EPS | $0.23 | $0.28 | $0.22 | $0.35 | $0.33 | $0.33 | $0.37 | $0.43 |
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