Realty Income Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.75B | $5.27B | $4.08B | $3.34B | $2.08B | $1.65B | $1.49B | $1.33B |
| Rental (including reimbursable) | $5.44B | $5.04B | $3.96B | $3.30B | $2.06B | $1.64B | $1.48B | $1.32B |
| Other | $312.0M | $227.4M | $120.8M | $44.0M | $15.5M | $12.1M | $6.8M | $6.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $202.6M | $176.9M | $144.5M | $138.5M | $97.0M | $73.2M | $66.5M | $84.1M |
| Operating Income | $1.16B | $933.9M | $1.66B | $1.38B | $716.0M | $720.5M | $734.6M | — |
| Operating Margin | 20.1% | 17.7% | 40.7% | 41.4% | 34.4% | 43.6% | 49.3% | — |
| Interest Expense | — | — | $730.4M | $465.2M | $323.6M | $309.3M | $291.0M | $266.0M |
| Pretax Income | $1.16B | $933.9M | $928.9M | $917.6M | $392.4M | $411.2M | $443.6M | — |
| Income Tax Expense | $85.3M | $66.6M | $52.0M | $45.2M | $31.7M | $14.7M | $6.2M | $5.3M |
| Net Income | $1.06B | $860.8M | $872.3M | $869.4M | $359.5M | $395.5M | $436.5M | $363.6M |
| Net Margin | 18.4% | 16.3% | 21.4% | 26.0% | 17.3% | 23.9% | 29.3% | 27.4% |
| EPS (Basic) | $1.17 | $0.98 | $1.26 | $1.42 | $0.87 | $1.15 | $1.38 | $1.26 |
| EPS (Diluted) | $1.17 | $0.98 | $1.26 | $1.42 | $0.87 | $1.14 | $1.38 | $1.26 |
| Shares Outstanding (Basic) | 907.2M | 863.0M | 692.3M | 611.8M | 414.5M | 345.3M | 315.8M | 289.4M |
| Shares Outstanding (Diluted) | 908.3M | 863.8M | 693.0M | 612.2M | 414.8M | 345.4M | 316.2M | 289.9M |
| Dividends Per Share | $3.22 | $3.13 | $3.05 | $2.97 | $2.83 | $2.79 | $2.71 | $2.63 |