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Realty Income Corp.
OReal EstateGenerated Jul 5, 2026, 08:09 PM UTC
O (Realty Income Corp.) analytical snapshot. Revenue grew +22.0% YoY to $4.08B. Net margin at 21.39% (contracting ▼). Return on equity 2.25%, ROA 1.27%, ROIC 0.00%. Market cap $59.53B at $63.84 per share. Trailing P/E 50.67, P/S 14.59, P/B 1.52. EV/Operating income ≈ 237.17 (EV $63.83B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score 4 (data confidence 74%). Descriptive analytics from public filings — not investment advice.
Market cap
$59.53B
932.49M shares
Price
$63.84
NYQ
P/E (ttm)
50.67
Revenue (FY)
$4.08B
YoY +22.0%
Net margin
21.39%
▼ 2.63pp
Free cash flow
—
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 15Improving
60% conf
Revenue grew +22.0% YoY to $4.08B. Net margin at 21.39% (contracting ▼). Return on equity 2.25%, ROA 1.27%, ROIC 0.00%.
- Revenue grew +22.0% YoY to $4.08B.
- Net margin at 21.39% (contracting ▼).
- Return on equity 2.25%, ROA 1.27%, ROIC 0.00%.
- Gross margin 0.00%, operating margin 0.00%.
- Net income up ▲ +0.3% YoY.
- Debt/equity 0.12, current ratio —, net debt $4.30B.
- Asset turnover 0.05 — capital efficiency.
Revenue (FY)
$4.08B
YoY +22.0%
Net margin
21.39%
▼ 2.63pp
ROE
2.25%
ROA 1.27%
ROIC
0.00%
EPS (diluted)
$1.26
FY2025
Free cash flow
—
Debt / equity
0.12
Cash $373.5M
Current ratio
—
Equity $39.15B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | — | 4.14 |
| 2017 | — | — | — | — | — | — | 4.19 |
| 2018 | — | — | — | — | — | — | 4.28 |
| 2019 | $1.22B | — | 0.00 | 0.00 | 26.22 | — | 3.94 |
| 2020 | $1.33B | +9.2% | 0.00 | 0.00 | 27.38 | — | 3.72 |
| 2021 | $1.49B | +12.1% | 0.00 | 0.00 | 29.33 | — | 3.97 |
| 2022 | $1.65B | +10.7% | 0.00 | 0.00 | 24.01 | — | 1.58 |
| 2023 | $2.08B | +26.3% | 0.00 | 0.00 | 17.28 | — | 1.25 |
| 2024 | $3.34B | +60.7% | 0.00 | 0.00 | 26.00 | — | 2.64 |
| 2025 | $4.08B | +22.0% | 0.00 | 0.00 | 21.39 | — | 2.25 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $1.38B | +9.5% | — | 18.10% |
| Jun 30, 2025 | $2.79B | +7.3% | +102.2% | 16.01% |
| Jun 30, 2025 | $1.41B | -45.8% | -49.5% | 31.67% |
| Sep 30, 2025 | $4.26B | +8.4% | +202.1% | 17.89% |
| Sep 30, 2025 | $1.47B | -62.6% | -65.5% | 51.85% |
| Mar 31, 2026 | $1.55B | +12.2% | +5.3% | — |
Revenue (annual, SEC 10-K)
2016: 0
2017: 0
2018: 0
2019: 1,216
2020: 1,328
2021: 1,488
2022: 1,647
2023: 2,080
2024: 3,344
2025: 4,079
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 25, 2026. Latest quarterly report (10-Q) filed May 7, 2026. 35 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 25, 2026.
- Latest quarterly report (10-Q) filed May 7, 2026.
- 35 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Realty Income Corp.; broad institutional reporting.
- Recent filers include Pathway Financial Advisers, LLC, Pathway Financial Advisers, LLC, Pathway Financial Advisers, LLC.
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 25, 2026
Annual report
Latest 10-Q
May 7, 2026
8-K (recent)
35
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Pathway Financial Advisers, LLC | 13F-HR | Aug 20, 2024 |
| Pathway Financial Advisers, LLC | 13F-HR | Jul 19, 2024 |
| Pathway Financial Advisers, LLC | 13F-HR | Jul 19, 2024 |
| Pathway Financial Advisers, LLC | 13F-HR | Jul 19, 2024 |
| Fox Point Capital Management LLC | 13F-HR | May 13, 2016 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 30, 2026 | 8-K | FORM 8-K |
| Jun 29, 2026 | 8-K | FORM 8-K |
| May 22, 2026 | 8-K | 8-K |
| May 8, 2026 | 8-K | FORM 8-K |
| May 6, 2026 | 8-K | 8-K |
| Apr 7, 2026 | 8-K | FORM 8-K |
| Mar 31, 2026 | 8-K | FORM 8-K |
| Mar 30, 2026 | 8-K | FORM 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -31Deteriorating
62% conf
2 risk signal(s), 1 positive signal(s), 1 watch item(s) detected from XBRL filing diff analysis. 2 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- Material weakness in internal controls: The term "material weakness" appears in 20 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Restatement of financial statements: The term "restate" "financial statements" appears in 9 recent filing(s) (vs 3 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 3.39x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- NEW: Off-balance sheet arrangements: Off-balance sheet arrangements appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: 2 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 11 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Off-balance sheet arrangements.
- Ongoing high-severity risk language: Material weakness in internal controls, Restatement of financial statements.
Revenue
$4.08B
+22.0% YoY
Operating income
$269.1M
+49.0% YoY
Net income
$872.3M
+0.3% YoY
Operating cash flow
$2.96B
+15.4% YoY
Total assets
$68.84B
+19.1% YoY
Total liabilities
$29.78B
+20.7% YoY
Long-term debt
$3.98B
+8.9% YoY
Cash & equivalents
$445.0M
+91.0% YoY
Filing quality score
80/100
11 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $3.34B | $4.08B | $735.3M | +22.0% |
| Operating income | $180.6M | $269.1M | $88.5M | +49.0% |
| Net income | $869.4M | $872.3M | $2.9M | +0.3% |
| Operating cash flow | $2.56B | $2.96B | $394.9M | +15.4% |
| Total assets | $57.78B | $68.84B | $11.06B | +19.1% |
| Total liabilities | $24.67B | $29.78B | $5.11B | +20.7% |
| Long-term debt | $3.65B | $3.98B | $325.0M | +8.9% |
| Cash & equivalents | $232.9M | $445.0M | $212.0M | +91.0% |
| Stockholders equity | $32.94B | $38.84B | $5.90B | +17.9% |
| Accounts receivable | $710.5M | $877.7M | $167.1M | +23.5% |
| Interest expense | $309.3M | $323.6M | $14.3M | +4.6% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AmortizationOfAboveAndBelowMarketLeases, GuaranteeObligationsMaximumExposure, GuaranteesFairValueDisclosure, InterestAndDividendIncomeSecurities, InterestAndFeeIncomeLoansAndLeases, PaymentsForRepurchaseOfCommonStock, ProceedsFromIssuanceOfUnsecuredDebt, StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1, StockRepurchasedDuringPeriodShares, StockRepurchasedDuringPeriodValue |
| Removed | AreaOfRealEstateProperty, AssetAcquisitionContingentConsiderationLiability, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit, DeferredFederalStateAndLocalTaxExpenseBenefit, DeferredForeignIncomeTaxExpenseBenefit, DeferredIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 20 | 2 | Ongoing |
| Restatement of financial statements | high | 9 | 3 | Ongoing |
| Restructuring | medium | 23 | 4 | Ongoing |
| Off-balance sheet arrangements | medium | 46 | 0 | NEW |
| Related party transactions | low | 19 | 2 | Ongoing |
Filing signal breakdown
Red flags: 2
Positive: 1
Watch: 1
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $59.53B at $63.84 per share.
- ProPrice & TechnicalsPrice $63.84 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Moderate.
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Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. Realty Income Corp. is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewRevenue grew **+22.0%** YoY to $4.08B..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Neutral
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Rate-sensitive groupHow O stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Chubb Ltd. CB | 23 | Neutral |
| U.S. Bancorp USB | 17 | Neutral |
| Prologis Inc. PLD | 14 | Neutral |
| JPMorgan Chase & Co. JPM | 13 | Neutral |
| Bank of America Corp. BAC | 13 | Neutral |
| American Express Co. AXP | 11 | Neutral |
| Mastercard Inc. MA | 11 | Neutral |
| Visa Inc. V | 8 | Neutral |
| Dominion Energy D | 6 | Neutral |
| Charles Schwab Corp. SCHW | 6 | Neutral |
| Realty Income Corp. O● you | 4 | Neutral |
| NextEra Energy NEE | 0 | Neutral |
| Duke Energy Corp. DUK | 0 | Neutral |
| Wells Fargo & Co. WFC | -1 | Neutral |
| Digital Realty Trust DLR | -6 | Neutral |
| American Water Works AWK | -9 | Neutral |
| Goldman Sachs Group GS | -10 | Neutral |
| Citigroup Inc. C | -11 | Neutral |
| Morgan Stanley MS | -13 | Neutral |
| BlackRock Inc. BLK | -14 | Neutral |
| Crown Castle Inc. CCI | -18 | Neutral |
| American Tower Corp. AMT | -35 | Neutral |
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