Realty Income Corporation
As of Fiscal Year 2025 (ended December 31, 2025)
Key KPIs at a Glance
| Metric | Value |
|---|---|
| Total revenue (FY2025) | $5,749.4 million, up 9.1% year-over-year from $5,271.1 million in FY2024 |
| Net income available to common stockholders (FY2025) | $1,058.6 million, or $1.17 per diluted share, up from $847.9 million ($1.02/share) in FY2024 |
| AFFO (FY2025) | $3.89 billion, or $4.28 per diluted share, up 2.1% year-over-year from $4.19/share in FY2024 |
| FFO per diluted share (FY2025) | $4.25 |
| Portfolio size (as of 12/31/2025) | 15,511 properties, ~355 million leasable square feet, leased to 1,761 clients across 92 industries |
| Occupancy rate (as of 12/31/2025) | 98.9% (by number of properties) |
| Weighted average remaining lease term | 8.8 years |
| Same-store rent growth (FY2025) | 1.3%, up from 0.5% in FY2024 |
| Total investment volume (FY2025) | $6.3 billion deployed at a 7.3% weighted average cash initial yield; U.K./Europe comprised roughly 60% of 2025 acquisition volume |
| U.K./Europe exposure | ~19% of annualized base rent as of 12/31/2025, up from 14% a year earlier |
| Dividend | Monthly dividend; $3.22/share cash dividends paid in FY2025 (75.2% AFFO payout ratio); 113th consecutive quarterly increase announced in early 2026, bringing the annualized rate to $3.240/share |
| Credit ratings | A3 (Moody's, stable outlook) / A- (S&P, stable outlook) |
Sources: All figures are company-disclosed unless noted. Sourced from Realty Income's Q4/FY2025 Earnings Release & Supplemental Information (filed with the SEC 8-K, Feb 2026), the FY2025 Form 10-K (filed Feb 2026), and the PRNewswire operating-results release for the three months and year ended December 31, 2025. The revenue-breakdown pie uses annualized base rent (ABR) by property type as of 12/31/2025, the only dollarized breakdown of the portfolio Realty Income discloses on a recurring basis -- it is a forward-looking run-rate metric, not in-period GAAP rental revenue, so its $5.31B total does not equal FY2025 total revenue of $5.75B. Realty Income does not report a segment-level net income or AFFO breakdown (it operates as a single reportable net-lease segment with U.S. and U.K./Europe geographic disclosure limited to ABR percentages), so no second pie is included and segment-type detail is folded into the KPI table. AFFO/share history for 2021-2024 is as restated and presented in the FY2025 supplemental's multi-year selected data; dividends reflect amounts actually paid in FY2025 (annualized rate as of early 2026 was $3.240/share following the January 2026 increase).