FirmAtlas
Company handbook · O · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
O · CIK 726728 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
REALTY INCOME CORPORATION
$56.08
+0.53 (+0.95%)
Close, Oct 16, 2026 · 52-week $53–68
Last fiscal year
REALTY INCOME CORPORATION reported revenue of $5.7B for the year ended Dec 31, 2025 (FY25), up 9.1% from FY24. Net income was $1.1B, operating cash flow $4.0B and free cash flow $3.9B. Source: 10-K filed Feb 25, 2026.
Market cap
$52.4B
P/E
41.3
P/B
1.3
Div yield
5.79%
Revenue 1Y
9.1%/yr
EPS 1Y
19.4%/yr
Shares 1Y
+5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOSumit Roy
HQSan Diego, CA
AuditorKPMG LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−1.0%
−4.2%
3.4%
−5.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$5.9B deployed
Capex
$253M
4.3%
Dividends
$5.6B
95.7%
Operating cash flow over the period: $7.6B. Total debt changed by +$449M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,573
3,995+11.8%
4,166
Net income
867
1,070+23.3%
—
Depreciation & amortization
2,396
2,524+5.4%
—
Stock-based compensation
57
31−46.5%
—
Working capital & other
253
370+46.4%
—
Cash from investing
(3,343)
(5,663)n/m
—
Capex
(121)
(132)n/m
—
Other investing
(3,221)
(5,531)n/m
—
Cash from financing
(21)
1,678n/m
—
Debt raised
0
407n/m
—
Debt repaid
(250)
(1,139)n/m
—
Dividends
(2,692)
(2,921)n/m
—
Shares issued
1,743
2,364+35.7%
—
Other financing
1,178
2,967+151.9%
—
Net change in cash
203
25−87.6%
—
Free cash flow (OCF − capex)
3,452
3,863+11.9%
4,000
Where the cash went
Operating cash flow
3,573
3,995+11.8%
4,166
Reinvested in the business
121
132+8.6%
—
% of operating cash flow
3.4%
3.3%
Capex
121
132+8.6%
166
Free cash flow
3,452
3,863+11.9%
4,000
YoY
+11.9%
Returned to shareholders
2,692
2,921+8.5%
—
% of free cash flow
78.0%
75.6%
Dividends
2,692
2,921+8.5%
—
Change in total debt
—
449
—
Cash left over
—
1,392
—
FCF conversion (FCF ÷ net income)
401.0%
364.9%−36.1 pp
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,471
1,488
1,549
1,548
vs year-ago quarter
Net income
316
296
312
344
vs year-ago quarter
Net margin
21.5%
19.9%
20.1%
22.2%
EPS (diluted, $)
0.35
0.32
0.33
0.37
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
71,279
72,796
74,555
76,441
Cash & equivalents
443
521
524
615
Total debt
469
517
415
1,400
Shareholders’ equity
39,051
39,439
39,147
39,550
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
943
1,203
875
1,145
Capex
33
49
26
57
Free cash flow
910
1,154
848
1,088
vs year-ago quarter