Realty Income Corporation (O)

Realty Income Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	5,044	3,958	3,300	2,065	1,640
Other Revenue	10.79	3.79	37.58	16.61	7.55
Total Revenue	5,279	4,082	3,337	2,082	1,647
Revenue Growth (YoY	29.34%	22.30%	60.32%	26.38%	10.68%
Property Expenses	377.68	316.96	226.33	133.61	104.6
Selling, General & Administrative	176.9	144.54	138.46	96.98	69.75
Depreciation & Amortization	2,396	1,895	1,670	897.84	677.04
Total Operating Expenses	2,950	2,357	2,035	1,128	851.39
Operating Income	2,329	1,725	1,302	953.15	795.69
Interest Expense	-1,017	-730.42	-465.22	-323.64	-309.34
Currency Exchange Gain (Loss)	3.42	-13.41	-13.31	0.71	4.59
Other Non-Operating Income	23.61	23.79	30.51	9.95	4.54
EBT Excluding Unusual Items	1,339	1,005	854.03	640.16	495.48
Merger & Restructuring Charges	-96.29	-14.46	-13.9	-167.41	-
Gain (Loss) on Sale of Assets	117.28	25.67	102.96	55.8	76.23
Asset Writedown	-425.83	-87.08	-25.86	-38.97	-147.23
Other Unusual Items	-	-	0.37	-97.18	-13.28
Pretax Income	933.94	928.94	917.6	392.4	411.2
Income Tax Expense	66.6	52.02	45.18	31.66	14.69
Earnings From Continuing Operations	867.34	876.91	872.42	360.75	396.51
Net Income to Company	867.34	876.91	872.42	360.75	396.51
Minority Interest in Earnings	-6.57	-4.61	-3.01	-1.29	-1.02
Net Income	860.77	872.31	869.41	359.46	395.49
Preferred Dividends & Other Adjustments	12.88	-	-	-	-
Net Income to Common	847.89	872.31	869.41	359.46	395.49
Net Income Growth	-1.32%	0.33%	141.87%	-9.11%	-9.39%
Basic Shares Outstanding	863	692	612	415	345
Diluted Shares Outstanding	864	693	612	415	345
Shares Change (YoY)	24.64%	13.21%	47.60%	20.08%	9.25%
EPS (Basic)	0.98	1.26	1.42	0.87	1.15
EPS (Diluted)	0.98	1.26	1.42	0.87	1.14
EPS Growth	-22.22%	-11.27%	63.76%	-23.94%	-17.39%
Dividend Per Share	3.133	3.059	2.969	2.845	2.801
Dividend Growth	2.42%	3.03%	4.36%	1.57%	3.09%
Operating Margin	44.11%	42.26%	39.02%	45.79%	48.31%
Profit Margin	16.06%	21.37%	26.05%	17.27%	24.01%
Free Cash Flow Margin	67.69%	72.49%	76.83%	63.52%	67.73%
EBITDA	4,759	3,682	3,028	1,851	1,473
EBITDA Margin	90.15%	90.20%	90.74%	88.92%	89.41%
D&A For Ebitda	2,430	1,957	1,726	897.84	677.04
EBIT	2,329	1,725	1,302	953.15	795.69
EBIT Margin	44.11%	42.26%	39.02%	45.79%	48.31%
Funds From Operations (FFO)	3,468	2,822	-	-	1,142
FFO Per Share	4.01	4.07	-	-	3.31
Adjusted Funds From Operations (AFFO)	3,621	2,775	-	-	1,173
AFFO Per Share	4.19	4.00	-	-	3.39
FFO Payout Ratio	77.62%	74.83%	-	-	84.42%
Effective Tax Rate	7.13%	5.60%	4.92%	8.07%	3.57%
Revenue as Reported	5,271	4,079	3,344	2,080	1,647

Source: S&P Capital IQ. Real Estate template. Financial Sources.