# Realty Income Corp: overview

O · NYSE · CIK 726728 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/o.md) · [Financials](/companies/o/financials.md) · [Filings](/companies/o/filings.md) · [Insiders](/companies/o/insiders.md)

Latest reported revenue: [$1.55bn](/filings/0000726728-26-000048.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:Revenues, accession 0000726728-26-000048).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,331](/filings/0000726728-25-000148.md) | [1,340 d](/filings/0000726728-26-000011.md) | [1,381](/filings/0000726728-26-000030.md) | [1,410](/filings/0000726728-26-000048.md) | [1,471](/filings/0000726728-25-000148.md) | [1,488 d](/filings/0000726728-26-000011.md) | [1,549](/filings/0000726728-26-000030.md) | [1,548](/filings/0000726728-26-000048.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [20.2%](/filings/0000726728-25-000148.md) | [14.9% d](/filings/0000726728-26-000011.md) | [18.1%](/filings/0000726728-25-000096.md) | [14.0%](/filings/0000726728-25-000131.md) | [21.5%](/filings/0000726728-25-000148.md) | [19.9% d](/filings/0000726728-26-000011.md) | [20.7%](/filings/0000726728-26-000030.md) | [23.9%](/filings/0000726728-26-000048.md) |
| Diluted EPS | $ per share | [0.30](/filings/0000726728-25-000148.md) | not reported | [0.28](/filings/0000726728-26-000030.md) | [0.22](/filings/0000726728-26-000048.md) | [0.35](/filings/0000726728-25-000148.md) | not reported | [0.33](/filings/0000726728-26-000030.md) | [0.37](/filings/0000726728-26-000048.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Net income: us-gaap:ProfitLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,080](/filings/0000726728-24-000047.md) | [3,344](/filings/0000726728-25-000055.md) | [4,079](/filings/0000726728-26-000011.md) | [5,271](/filings/0000726728-26-000011.md) | [5,749](/filings/0000726728-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [17.3%](/filings/0000726728-24-000047.md) | [26.0%](/filings/0000726728-25-000055.md) | [21.4%](/filings/0000726728-26-000011.md) | [16.3%](/filings/0000726728-26-000011.md) | [18.4%](/filings/0000726728-26-000011.md) |
| Diluted EPS | $ per share | [0.87](/filings/0000726728-24-000047.md) | [1.42](/filings/0000726728-25-000055.md) | [1.26](/filings/0000726728-26-000011.md) | [0.98](/filings/0000726728-26-000011.md) | [1.17](/filings/0000726728-26-000011.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/o/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $7.00bn | 112,931,238 |  | Added +5,021,581 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $5.15bn | 83,115,805 |  | Added +1,881,571 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $4.10bn | 65,929,425 |  | Added +2,166,180 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $3.77bn | 60,848,009 |  | Added +724,589 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.96bn | 31,265,152 |  | Added +968,059 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $1.18bn | 19,117,994 |  | Added +1,785,859 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $894.7m | 14,440,511 |  | Reduced −802,275 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $835.2m | 13,479,666 |  | Added +461,447 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $809.8m | 13,069,240 |  | Added +880,584 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $804.1m | 12,978,009 |  | New +12,978,009 |

## Recent filings

[All 1,517 filings](/companies/o/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-25 | 16:00 ET | [8-K](/filings/0001104659-26-100789.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-100789 |
| 2026-08-14 | 16:35 ET | [8-K](/filings/0001104659-26-097260.md) | 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-097260 |
| 2026-08-12 | 06:02 ET | [8-K](/filings/0001104659-26-094314.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-094314 |
| 2026-08-11 | 16:40 ET | [8-K](/filings/0001104659-26-094098.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-094098 |
| 2026-08-06 | 17:51 ET | [10-Q](/filings/0000726728-26-000048.md) | Quarterly report, period 2026-06-30 | 0000726728-26-000048 |
| 2026-08-05 | 16:07 ET | [8-K](/filings/0000726728-26-000044.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000726728-26-000044 |
| 2026-07-13 | 16:10 ET | [8-K](/filings/0001104659-26-083103.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 2.03 New direct financial obligation; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-083103 |
| 2026-07-07 | 08:55 ET | [8-K](/filings/0001104659-26-080984.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-080984 |
| 2026-06-30 | 21:54 ET | [8-K](/filings/0001104659-26-079023.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-079023 |
| 2026-06-29 | 06:01 ET | [8-K](/filings/0001104659-26-078408.md) | 8.01 Other events | 0001104659-26-078408 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000726728-26-000011.md), filed Feb 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/cbef6b18-04c4-4296-9765-39ac929ab8b3)

## About the filer

- CIK: 726728
- Tickers: O
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:23 ET. No prices; not investment advice.