Realty Income Corporation (LON:0KUE)

Realty Income Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	5,317	5,044	3,958	3,300	2,065	1,640
Other Revenue	16.56	10.79	3.79	37.58	16.61	7.55
Total Revenue	5,615	5,279	4,082	3,337	2,082	1,647
Revenue Growth (YoY	11.97%	29.34%	22.30%	60.32%	26.38%	10.68%
Property Expenses	417.03	377.68	316.96	226.33	133.61	104.6
Selling, General & Administrative	197.53	176.9	144.54	138.46	96.98	69.75
Depreciation & Amortization	2,495	2,396	1,895	1,670	897.84	677.04
Total Operating Expenses	3,079	2,950	2,357	2,035	1,128	851.39
Operating Income	2,536	2,329	1,725	1,302	953.15	795.69
Interest Expense	-1,115	-1,017	-730.42	-465.22	-323.64	-309.34
Currency Exchange Gain (Loss)	-9.22	3.42	-13.41	-13.31	0.71	4.59
Other Non-Operating Income	31.86	23.61	23.79	30.51	9.95	4.54
EBT Excluding Unusual Items	1,443	1,339	1,005	854.03	640.16	495.48
Merger & Restructuring Charges	1.81	-96.29	-14.46	-13.9	-167.41	-
Gain (Loss) on Sale of Assets	135.2	117.28	25.67	102.96	55.8	76.23
Asset Writedown	-532.34	-425.83	-87.08	-25.86	-38.97	-147.23
Other Unusual Items	5.1	-	-	0.37	-97.18	-13.28
Pretax Income	1,053	933.94	928.94	917.6	392.4	411.2
Income Tax Expense	83.65	66.6	52.02	45.18	31.66	14.69
Earnings From Continuing Operations	969.5	867.34	876.91	872.42	360.75	396.51
Net Income to Company	969.5	867.34	876.91	872.42	360.75	396.51
Minority Interest in Earnings	-7.38	-6.57	-4.61	-3.01	-1.29	-1.02
Net Income	962.12	860.77	872.31	869.41	359.46	395.49
Preferred Dividends & Other Adjustments	-	12.88	-	-	-	-
Net Income to Common	962.12	847.89	872.31	869.41	359.46	395.49
Net Income Growth	9.39%	-1.32%	0.33%	141.87%	-9.11%	-9.39%
Basic Shares Outstanding	896	863	692	612	415	345
Diluted Shares Outstanding	897	864	693	612	415	345
Shares Change (YoY)	8.62%	24.64%	13.21%	47.59%	20.08%	9.25%
EPS (Basic)	1.07	0.98	1.26	1.42	0.87	1.15
EPS (Diluted)	1.07	0.98	1.26	1.42	0.87	1.14
EPS Growth	2.56%	-22.22%	-11.27%	63.76%	-23.94%	-17.39%
Dividend Per Share	3.205	3.133	3.059	2.969	2.845	2.801
Dividend Growth	3.04%	2.42%	3.03%	4.36%	1.57%	3.09%
Operating Margin	45.16%	44.11%	42.26%	39.02%	45.79%	48.31%
Profit Margin	17.14%	16.06%	21.37%	26.05%	17.27%	24.01%
EBITDA	5,052	4,759	3,682	3,028	1,851	1,473
EBITDA Margin	89.98%	90.15%	90.20%	90.73%	88.92%	89.41%
D&A For Ebitda	2,517	2,430	1,957	1,726	897.84	677.04
EBIT	2,536	2,329	1,725	1,302	953.15	795.69
EBIT Margin	45.16%	44.11%	42.26%	39.02%	45.79%	48.31%
Funds From Operations (FFO)	3,772	3,468	2,822	-	-	1,142
FFO Per Share	4.20	4.01	4.07	-	-	3.31
Adjusted Funds From Operations (AFFO)	-	3,621	2,775	-	-	1,173
AFFO Per Share	4.25	4.19	4.00	-	-	3.39
FFO Payout Ratio	76.05%	77.62%	74.83%	-	-	84.42%
Effective Tax Rate	7.94%	7.13%	5.60%	4.92%	8.07%	3.57%
Revenue as Reported	5,602	5,271	4,079	3,344	2,080	1,647

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.