Realty Income Corporation (O) Stock Analysis
Real Estate · REIT - Retail · NYSE
Realty Income Corporation (O) posted $5.75B in revenue for fiscal 2025 (up 9.1% year over year), at a 18.4% net margin, and has compounded revenue about 28.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Realty Income Corporation
Realty Income Corporation has grown revenue from $1.10B to $5.75B over the last 10 fiscal years, compounding about 28.4% a year. The most recent year was up 9.1%, so growth has cooled from its longer-run pace.
Net margin sits at 18.4%, up 2.1 points year over year.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Realty Income Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
Realty Income Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $1.22B | $1.33B | $1.49B | $1.65B | $2.08B | $3.34B | $4.08B | $5.27B | $5.75B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $315.57M | $318.80M | $363.61M | $436.48M | $395.49M | $359.46M | $869.41M | $872.31M | $860.77M | $1.06B |
| Net margin | 28.6% | 26.2% | 27.4% | 29.3% | 24.0% | 17.3% | 26.0% | 21.4% | 16.3% | 18.4% |
Source: Realty Income Corporation SEC filings (10-K). 18 years of history available in the interactive view.
Realty Income Corporation: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 58.0% over 4 years (591.3M → 934M) — existing holders' stakes are being diluted.
- Net margin shrinkingNet margin fell from 26.0% to 18.4% over ~3 years — profitability is compressing.
Explore 18 years of Realty Income Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeRealty Income Corporation financial history by metric
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About Realty Income Corporation
Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. They serve their clients as a full-service real estate capital provider. As of March 31, 2026, They have a portfolio of over 15,500 properties in all 50 states of the United States (U.S.), the United Kingdom (U.K.), and eight other countries in Europe. They are known as (The Monthly Dividend Company) and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since their founding, they have declared 673 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index for having increased dividend for over 31 consecutive years. The firm was founded and incorporated in 1969 in Maryland and is based in San Diego, California.
Realty Income Corporation — frequently asked questions
What is Realty Income Corporation's revenue?
Realty Income Corporation (O) reported revenue of $5.75B for fiscal year 2025, up 9.1% from the prior year, according to its SEC filings.
Is Realty Income Corporation profitable?
Yes. O earned net income of $1.06B in fiscal 2025, a net margin of 18.4%.
What is O's P/E ratio?
Realty Income Corporation trades at a price-to-earnings ratio of about 52.4 based on the latest data in our nightly-refreshed cache.
How fast is Realty Income Corporation growing?
O's revenue grew at roughly 28.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Realty Income Corporation have?
As of fiscal year 2025, O carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Realty Income Corporation's market cap?
Realty Income Corporation (O) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Realty Income Corporation's fiscal year end?
O's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Realty Income Corporation's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.