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REALTY INCOME CORP

LISTEDNYSE

SYMBOLO

SIC6798

STATE OF INC.MD

FISCAL YEAR ENDSDecember 31

CIK726728

REAL ESTATE INVESTMENT TRUSTS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	25,587	39.3
Stockholders' equity	39,439	60.7
Total capitalization	65,025	100.0

946,218,033 shares outstanding at 30 July 2026 (cover page of the 10-Q filed 6 August 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Short-term borrowings / commercial paper	517

CAPITAL STOCK 12/31/25

Common shares authorized	1,300,000,000
Common shares issued	933,975,000
Par or stated value per share ($)	0.01
Outstanding at 7/30/26	946,218,033

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	3.22	275.0
2024	3.13	318.9
2023	3.05	242.1
2022	2.97	208.9
2021	2.83	325.6

HISTORY AND BUSINESS

HISTORY: Incorporated in Maryland.

BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 11995 El Camino Real, San Diego, CA 92130. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Total revenues	5,749	5,271	4,079
Depreciation and amortization	2,524	2,396	1,895
Interest expense	–	–	730
Net income	1,059	861	872
Earned per share, diluted ($)	1.17	0.98	1.26
Dividends per share ($)	3.22	3.13	3.05

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Real estate, net	53,414	50,914
Cash and equivalents	435	445
Total assets	72,796	68,835
Debt	38	81
Total liabilities	32,672	29,783
Stockholders' equity	39,439	38,841

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	5,749	–	1,059	18.4	1.17	3.22	3,995	132	3,863	72,796	32,672	25,587	39,439	2.7	0.65
12/31/24	5,271	–	861	16.3	0.98	3.13	3,573	121	3,452	68,835	29,783	22,806	38,841	2.2	0.59
12/31/23	4,079	–	872	21.4	1.26	3.05	2,959	69	2,890	57,779	24,672	20,188	32,941	2.6	0.61
12/31/22	3,344	–	869	26.0	1.42	2.97	2,564	96	2,468	49,673	20,830	15,834	28,713	3.0	0.55
12/31/21	2,080	–	359	17.3	0.87	2.83	1,322	19	1,303	43,138	18,008	14,543	25,053	1.4	0.58
12/31/20	1,647	–	395	24.0	1.14	2.79	1,116	9	1,107	20,740	9,723	8,568	10,985	3.6	0.78
12/31/19	1,488	–	436	29.3	1.38	2.71	1,069	24	1,045	18,555	8,751	7,403	9,774	4.5	0.76
12/31/18	1,328	–	364	27.4	1.26	2.63	941	25	915	15,260	7,140	5,931	8,089	4.5	0.73
12/31/17	1,216	–	319	26.2	1.10	2.53	876	15	861	14,058	6,667	110	7,372	4.3	0.01
12/31/16	1,103	–	316	28.6	1.13	–	800	13	786	13,153	6,366	3,975	6,767	4.7	0.59

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

REALTY INCOME CORP
CIK 726728 · EIN 33-0580106

PRINCIPAL OFFICE:

11995 El Camino Real, San Diego, CA 92130
Tel.: 858-284-5000

INCORPORATED:

Maryland

INDUSTRY (SEC SIC CODE):

6798 · Real Estate Investment Trusts

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 25 February 2026

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

8/25/26	8-K	period 8/20/26
8/14/26	8-K	period 8/14/26
8/12/26	8-K	period 8/11/26
8/11/26	8-K	period 8/11/26
8/6/26	10-Q	period 6/30/26
8/5/26	8-K	period 8/5/26
7/13/26	8-K	period 7/10/26
7/7/26	8-K	period 7/7/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/25/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/23/22) · 10-K FY2020 (filed 2/23/21) · 10-K FY2019 (filed 2/24/20) · 10-K/A FY2018 (filed 3/1/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.