Realty Income Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	5,437	5,044	3,958	3,300	2,065
Service and Other Revenue	312.05	227.39	120.84	44.02	15.51
Revenue	5,749	5,271	4,079	3,344	2,080
Revenue Growth (YoY)	9.07%	29.23%	21.99%	60.72%	26.31%
Property Expenses	428.8	377.68	316.96	226.33	133.61
Total Property Expenses	428.8	377.68	316.96	226.33	133.61
Gross Profit	5,321	4,893	3,762	3,117	1,947
Selling, General & Admin	202.55	176.9	144.54	138.46	96.98
Depreciation & Amortization Expenses	2,524	2,396	1,895	1,670	897.84
Other Operating Expenses	495.55	522.13	101.55	39.76	206.38
Operating Income	2,098	1,799	1,621	1,269	745.66
Net Gains on Disposal of Properties	177.64	117.28	25.67	102.96	55.8
Interest Income	13.33	7.79	2.55	-6.45	1.11
Interest Expense	-1,135	-1,017	-730.42	-465.22	-323.64
Other Non-Operating Income (Expense)	0.76	27.03	10.38	16.83	107.84
Total Non-Operating Income (Expense)	-943.15	-864.86	-691.84	-351.88	-158.9
Pretax Income	1,155	933.94	928.94	917.6	392.4
Provision for Income Taxes	85.35	66.6	52.02	45.18	31.66
Net Income	1,059	847.89	872.31	869.41	359.46
Minority Interest in Earnings	11.19	6.57	4.61	3.01	1.29
Net Income Attributable to Preferred Dividends	-	12.88	-	-	-
Net Income to Common	1,059	847.89	872.31	869.41	359.46
Net Income Growth	24.85%	-2.80%	0.33%	141.87%	-9.11%
Shares Outstanding (Basic)	907	863	692	612	415
Shares Outstanding (Diluted)	911	866	693	612	415
Shares Change (YoY)	5.22%	24.94%	13.21%	47.59%	20.08%
EPS (Basic)	1.17	0.98	1.26	1.42	0.87
EPS (Diluted)	1.17	0.98	1.26	1.42	0.87
EPS Growth	19.39%	-22.22%	-11.27%	63.22%	-23.68%
Free Cash Flow	0	189.43	-5,164	-6,418	-5,010
Free Cash Flow Per Share	-	0.22	-7.45	-10.48	-12.08
Dividends Per Share	3.219	3.133	3.059	2.969	2.845
Dividend Growth	2.74%	2.42%	3.03%	4.36%	1.57%
Gross Margin	92.54%	92.84%	92.23%	93.23%	93.58%
Operating Margin	36.50%	34.13%	39.73%	37.94%	35.84%
Profit Margin	18.61%	16.45%	21.50%	26.09%	17.34%
FCF Margin	0.00%	3.59%	-126.59%	-191.95%	-240.81%
EBITDA	2,098	4,194	3,516	2,939	1,643
EBITDA Margin	36.50%	79.57%	86.20%	87.90%	79.00%
EBIT	2,098	1,799	1,621	1,269	745.66
EBIT Margin	36.50%	34.13%	39.73%	37.94%	35.84%
Effective Tax Rate	7.39%	7.13%	5.60%	4.92%	8.07%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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