Realty Income Corp (O) stock
Close on Oct 29, 2026Market cap $54.12BP/E 41.8Yield 5.62%
Earnings
Realty Income's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Quarterly results
Revenue and earnings per share from each of Realty Income's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 30, 2026 | Nov 2, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jun 30, 2026 | Aug 5, 2026during market hours | $1.55B | +9.7% | $0.37 | $1.09 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 6, 2026during market hours | $1.55B | – | $0.33 | – | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 24, 2026during market hours | $1.49B | +11.0% | $0.32 | – | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 3, 2025during market hours | $1.47B | +10.5% | $0.35 | $1.08 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 6, 2025during market hours | $1.41B | +5.3% | $0.22 | $1.05 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 5, 2025during market hours | – | – | $0.28 | $1.06 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 24, 2025during market hours | $1.34B | +24.5% | $0.23 | – | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 4, 2024during market hours | $1.33B | +28.1% | $0.30 | $1.05 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 5, 2024during market hours | $1.34B | – | $0.29 | $1.06 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 6, 2024during market hours | $1.26B | +33.5% | $0.16 | $1.03 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 20, 2024during market hours | $1.08B | +21.1% | $0.30 | $1.01 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 6, 2023during market hours | $1.04B | – | $0.33 | $1.02 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 2, 2023during market hours | – | – | $0.29 | $1.00 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 3, 2023during market hours | $944.40M | +17.0% | $0.34 | $0.98 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 21, 2023during market hours | $888.70M | +29.7% | $0.36 | $1.00 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 2, 2022during market hours | – | – | $0.36 | $0.98 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 3, 2022during market hours | $810.40M | – | $0.37 | $0.97 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 4, 2022during market hours | $807.30M | – | $0.34 | $0.98 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 22, 2022during market hours | $685.00M | – | $0.01 | $0.94 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 1, 2021during market hours | $491.90M | – | $0.34 | $0.91 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 2, 2021during market hours | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 3, 2021during market hours | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 22, 2021during market hours | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 16, 2020during market hours | – | – | – | – | Filing |
| Q2 FY2020ended Jun 30, 2020 | Jul 2, 2020during market hours | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Realty Income's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Same store rent growth | FY2026 | +1.1% – +1.3% | +1% – +1.3% | Raised | Aug 5, 2026 |
| Same store rent growthnon-GAAP | FY2026 | +1% – +1.3% | – | New | Feb 24, 2026 |
| Net income per shareGAAP | FY2026 | $1.59 – $1.60 | $1.60 – $1.63 | Lowered | Aug 5, 2026 |
| AFFO per sharenon-GAAP | FY2026 | $4.44 – $4.45 | $4.41 – $4.44 | Raised | Aug 5, 2026 |
| Investment volume (at 100%) | FY2026 | $10.00B | $8.00B | Raised | Aug 5, 2026 |
| Income tax expenses | FY2026 | $100.00M – $110.00M | $100.00M – $110.00M | Raised | Aug 5, 2026 |
| Investment volume (at 100%) | FY2026 | $9.50B | – | Raised | May 6, 2026 |
| Lease termination income | FY2026 | $45.00M – $50.00M | $45.00M – $50.00M | Lowered | Aug 5, 2026 |
| Occupancy | FY2026 | 98.5% | 98.5% | Raised | Aug 5, 2026 |
| Property expenses (non-reimbursable) (% of total revenue) | FY2026 | 1.5% | 1.5% | Lowered | May 6, 2026 |
Guidance vs results
The last range Realty Income gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | EPS (GAAP) | $1.27 – $1.29 | $1.17Σ4Q | Below range |
Guidance history
Every forecast Realty Income put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 5, 2026 | Investment volume (at 100%) | FY2026 | $10.00B | Raised |
| Aug 5, 2026 | Same store rent growth | FY2026 | +1.1% – +1.3% | Raised |
| Aug 5, 2026 | AFFO per share | FY2026 | $4.44 – $4.45 | Raised |
| Aug 5, 2026 | Net income per share | FY2026 | $1.59 – $1.60 | Lowered |
| Aug 5, 2026 | Occupancy | FY2026 | 98.5% | Raised |
| Aug 5, 2026 | Income tax expenses | FY2026 | $100.00M – $110.00M | Raised |
| Aug 5, 2026 | Lease termination income | FY2026 | $45.00M – $50.00M | Lowered |
| May 6, 2026 | Same store rent growth | FY2026 | +1% – +1.3% | New |
| May 6, 2026 | AFFO per share | FY2026 | $4.41 – $4.44 | Raised |
| May 6, 2026 | Net income per share | FY2026 | $1.60 – $1.63 | Lowered |
| May 6, 2026 | Occupancy | FY2026 | 98.5% | Raised |
| May 6, 2026 | Property expenses (non-reimbursable) (% of total revenue) | FY2026 | 1.5% | Lowered |
| May 6, 2026 | Income tax expenses | FY2026 | $100.00M – $110.00M | Raised |
| May 6, 2026 | Investment volume (at 100%) | FY2026 | $9.50B | Raised |
| May 6, 2026 | Lease termination income | FY2026 | $45.00M – $50.00M | Lowered |
| Feb 24, 2026 | Investment volume (at 100%) | FY2026 | $8.00B | New |
| Feb 24, 2026 | Same store rent growth | FY2026 | +1% – +1.3% | New |
| Feb 24, 2026 | AFFO per share | FY2026 | $4.38 – $4.42 | New |
| Feb 24, 2026 | Net income per share | FY2026 | $1.65 – $1.69 | New |
| Feb 24, 2026 | Occupancy | FY2026 | 98.5% | New |
| Feb 24, 2026 | Property expenses (non-reimbursable) (% of total revenue) | FY2026 | 1.5% | Lowered |
| Feb 24, 2026 | Income tax expenses | FY2026 | $100.00M – $110.00M | New |
| Feb 24, 2026 | Lease termination income | FY2026 | $30.00M – $40.00M | Lowered |
| Nov 3, 2025 | Same store rent growth | FY2025 | +1% | Reaffirmed |
| Nov 3, 2025 | AFFO per share | FY2025 | $4.25 – $4.27 | Narrowed |
| Nov 3, 2025 | Net income per share | FY2025 | $1.27 – $1.29 | New |
| Nov 3, 2025 | Occupancy | FY2025 | 98.5% | New |
| Nov 3, 2025 | Cash G&A expenses (% of total revenue) | FY2025 | 3.1% – 3.3% | Lowered |
| Nov 3, 2025 | Property expenses (non-reimbursements) (% of total revenue) | FY2025 | 1.5% | Lowered |
| Nov 3, 2025 | Income tax expenses | FY2025 | $80.00M – $90.00M | Reaffirmed |
| Nov 3, 2025 | Investment volume | FY2025 | $5.50B | Raised |
| Aug 6, 2025 | Investment volume | FY2025 | $5.00B | New |
| Aug 6, 2025 | Same store rent growth | FY2025 | +1% | New |
| Aug 6, 2025 | AFFO per share | FY2025 | $4.24 – $4.28 | New |
| Aug 6, 2025 | Income tax expenses | FY2025 | $80.00M – $90.00M | New |
| Feb 24, 2025 | Investment volume | FY2025 | $4.00B | New |
| Feb 24, 2025 | Same store rent growth | FY2025 | +1% | New |
| Feb 24, 2025 | AFFO per share | FY2025 | $4.22 – $4.28 | New |
| Feb 24, 2025 | Net income per share | FY2025 | $1.52 – $1.58 | New |
| Feb 24, 2025 | Income tax expenses | FY2025 | $80.00M – $90.00M | New |
| Nov 4, 2024 | Investment volume | FY2024 | $3.50B | Raised |
| Nov 4, 2024 | Same store rent growth | FY2024 | +1% | Reaffirmed |
| Nov 4, 2024 | AFFO per share | FY2024 | $4.17 – $4.21 | Raised |
| Nov 4, 2024 | Net income per share | FY2024 | $1.15 – $1.20 | Lowered |
| Nov 4, 2024 | Cash G&A expenses (% of revenues) | FY2024 | 3% | Raised |
| Nov 4, 2024 | Property expenses (non-reimbursable) (% of revenues) | FY2024 | 1.2% – 1.5% | Lowered |
| Nov 4, 2024 | Income tax expenses | FY2024 | $65.00M – $75.00M | Reaffirmed |
| Nov 4, 2024 | Disposition volume | FY2024 | $550.00M – $600.00M | Raised |
| Nov 4, 2024 | Normalized FFO per share | FY2024 | $4.16 – $4.21 | Lowered |
| Aug 5, 2024 | Same store rent growth | FY2024 | +1% | Reaffirmed |
| Aug 5, 2024 | AFFO per share | FY2024 | $4.15 – $4.21 | Raised |
| Aug 5, 2024 | Net income per share | FY2024 | $1.21 – $1.30 | Lowered |
| May 6, 2024 | Acquisition volume | FY2024 | $2.00B | New |
| May 6, 2024 | Same store rent growth | FY2024 | +1% | New |
| May 6, 2024 | AFFO per share | FY2024 | $4.13 – $4.21 | Reaffirmed |
| May 6, 2024 | Net income per share | FY2024 | $1.23 – $1.35 | Raised |
| May 6, 2024 | Occupancy | FY2024 | 98% | New |
| May 6, 2024 | Property expenses (non-reimbursable) (% of revenues) | FY2024 | 1% – 1.5% | Lowered |
| May 6, 2024 | Cash G&A expenses (% of revenues) | FY2024 | 3% | New |
| May 6, 2024 | Income tax expenses | FY2024 | $65.00M – $75.00M | New |
| May 6, 2024 | Real estate depreciation and impairments per share | FY2024 | $2.84 | New |
| May 6, 2024 | Other adjustments per share | FY2024 | $0.10 | Lowered |
| May 6, 2024 | Normalized FFO per share | FY2024 | $4.17 – $4.29 | New |
| Feb 20, 2024 | Same store rent growth | FY2024 | +1% | New |
| Feb 20, 2024 | AFFO per share | FY2024 | $4.13 – $4.21 | New |
| Feb 20, 2024 | Net income per share | FY2024 | $1.22 – $1.34 | New |
| Nov 6, 2023 | Acquisition volume | FY2023 | $9.00B | Raised |
| Nov 6, 2023 | Same store rent growth | FY2023 | +1.5% | Raised |
| Nov 6, 2023 | AFFO per share | FY2023 | $3.98 – $4.01 | Narrowed |
| Nov 6, 2023 | Net income per share | FY2023 | $1.25 – $1.32 | Raised |
| Nov 6, 2023 | Occupancy | FY2023 | 98% | Reaffirmed |
| Nov 6, 2023 | Cash G&A expenses (% of revenues) | FY2023 | 2.9% – 3.2% | Raised |
| Nov 6, 2023 | Property expenses (non-reimbursable) (% of revenues) | FY2023 | 1% – 1.2% | Lowered |
| Nov 6, 2023 | Income tax expenses | FY2023 | $50.00M – $60.00M | Lowered |
| Nov 6, 2023 | Real estate depreciation and impairments per share | FY2023 | $2.87 | Raised |
| Nov 6, 2023 | Other adjustments per share | FY2023 | -$0.04 | Lowered |
| Nov 6, 2023 | Normalized FFO per share | FY2023 | $4.08 – $4.15 | Raised |
| May 3, 2023 | Acquisition volume | FY2023 | $6.00B | Raised |
| May 3, 2023 | Same store rent growth | FY2023 | +1.25% | New |
| May 3, 2023 | AFFO per share | FY2023 | $3.94 – $4.03 | Raised |
| May 3, 2023 | Net income per share | FY2023 | $1.22 – $1.32 | Raised |
| May 3, 2023 | Other adjustments per share | FY2023 | -$0.03 | Lowered |
| May 3, 2023 | Normalized FFO per share | FY2023 | $4.05 – $4.15 | Raised |
| May 3, 2023 | Real estate depreciation and impairments per share | FY2023 | $2.87 | Lowered |
| May 3, 2023 | Income tax expenses | FY2023 | $55.00M – $65.00M | Reaffirmed |
| May 3, 2023 | Occupancy | FY2023 | 98% | Raised |
| May 3, 2023 | Cash G&A expenses (% of revenues) | FY2023 | 2.9% – 3.4% | Lowered |
| May 3, 2023 | Property expenses (non-reimbursable) (% of revenues) | FY2023 | 1% – 1.4% | Lowered |
| Feb 21, 2023 | Acquisition volume | FY2023 | $5.00B | New |
| Feb 21, 2023 | Same store rent growth | FY2023 | +1.25% | New |
| Feb 21, 2023 | AFFO per share | FY2023 | $3.93 – $4.03 | New |
| Feb 21, 2023 | Net income per share | FY2023 | $1.20 – $1.32 | New |
| Feb 21, 2023 | G&A expenses inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements | FY2023 | 3.7% – 4.2% | New |
| Feb 21, 2023 | Occupancy | FY2023 | 98% | New |
| Feb 21, 2023 | Property expenses (non-reimbursable) (% of revenues) | FY2023 | 1% – 1.5% | Lowered |
| Feb 21, 2023 | Cash G&A expenses (% of revenues) | FY2023 | 3% – 3.5% | New |
| Feb 21, 2023 | Income tax expenses | FY2023 | $55.00M – $65.00M | New |
| Feb 21, 2023 | Real estate depreciation and impairments per share | FY2023 | $2.84 | New |
| Feb 21, 2023 | Other adjustments per share (1) | FY2023 | -$0.03 | Lowered |
| Feb 21, 2023 | Normalized FFO per share | FY2023 | $4.01 – $4.13 | New |
| Aug 3, 2022 | Acquisition volume | FY2022 | $6.00B | New |
| Aug 3, 2022 | Same store rent growth | FY2022 | +2% | Raised |
| Aug 3, 2022 | AFFO per share | FY2022 | $3.84 – $3.97 | Reaffirmed |
| Aug 3, 2022 | Net income per share | FY2022 | $1.14 – $1.27 | Raised |
| Aug 3, 2022 | Cash G&A expenses (% of revenues) | FY2022 | 3.5% – 4% | Raised |
| Aug 3, 2022 | Property expenses (non-reimbursable) (% of revenues) | FY2022 | 1.5% – 2% | Lowered |
| Aug 3, 2022 | Income tax expenses | FY2022 | $45.00M – $50.00M | Lowered |
| Aug 3, 2022 | Real estate depreciation and impairments per share | FY2022 | $2.88 | Raised |
| Aug 3, 2022 | Gain on sales of properties per share | FY2022 | -$0.10 | Lowered |
| Aug 3, 2022 | Normalized FFO per share | FY2022 | $3.92 – $4.05 | Raised |
| Aug 3, 2022 | Occupancy | FY2022 | 98% | Raised |
| Aug 3, 2022 | G&A expenses inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements | FY2022 | 4% – 4.5% | Lowered |
| May 4, 2022 | Same store rent growth | FY2022 | +1.5% | Reaffirmed |
| May 4, 2022 | AFFO per share | FY2022 | $3.84 – $3.97 | Reaffirmed |
| May 4, 2022 | Net income per share | FY2022 | $1.08 – $1.25 | Reaffirmed |
| May 4, 2022 | Occupancy | FY2022 | 98% | Raised |
| May 4, 2022 | G&A inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements | FY2022 | 4% – 4.5% | Lowered |
| May 4, 2022 | Cash G&A expenses (% of revenues) | FY2022 | 3.5% – 4% | Reaffirmed |
| May 4, 2022 | Property expenses (non-reimbursable) (% of revenues) | FY2022 | 1.5% – 2% | Lowered |
| May 4, 2022 | Income tax expenses | FY2022 | $45.00M – $50.00M | Lowered |
| May 4, 2022 | Acquisition volume | FY2022 | $5.00B | Raised |
| May 4, 2022 | Real estate depreciation and impairments per share | FY2022 | $2.83 | Raised |
| May 4, 2022 | Gains on sales of properties per share | FY2022 | -$0.03 | Lowered |
| May 4, 2022 | Normalized FFO per share | FY2022 | $3.88 – $4.05 | Reaffirmed |
| Feb 22, 2022 | Same store rent growth (2) | FY2022 | +1.5% | New |
| Feb 22, 2022 | AFFO per share (1) | FY2022 | $3.84 – $3.97 | Reaffirmed |
| Feb 22, 2022 | Net income per share | FY2022 | $1.08 – $1.25 | New |
| Feb 22, 2022 | Property expenses (non-reimbursable) (% of revenues) (3) | FY2022 | 1.5% – 2% | Lowered |
| Feb 22, 2022 | G&A inclusive of stock-based compensation expense as a percentage of rental revenue, excluding reimbursements | FY2022 | 4% – 4.5% | New |
| Feb 22, 2022 | Cash G&A expenses (% of revenues) (3)(4) | FY2022 | 3.5% – 4% | New |
| Feb 22, 2022 | Acquisition volume | FY2022 | $5.00B | Raised |
| Feb 22, 2022 | Real estate depreciation and impairments per share | FY2022 | $2.83 | New |
| Feb 22, 2022 | Gains on sales of properties per share | FY2022 | -$0.03 | Lowered |
| Feb 22, 2022 | Normalized FFO per share (1) | FY2022 | $3.88 – $4.05 | New |
| Feb 22, 2022 | Income tax expenses | FY2022 | $45.00M – $50.00M | New |
| Feb 22, 2022 | Occupancy | FY2022 | 98% | New |
| Nov 1, 2021 | Same store rent growth | FY2021 | +2% | New |
| Nov 1, 2021 | AFFO per share | FY2021 | $3.55 – $3.60 | New |
| Nov 1, 2021 | AFFO per share | FY2022 | $3.84 – $3.97 | New |
| Nov 1, 2021 | Net income per share | FY2021 | $1.39 – $1.44 | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Realty Income filed with the SEC as exhibits to Form 8-K or 6-K
- Update
- News
- News
- Results
- Results
- News
- Results
- Results
- Update
- Results
- Results
- Update
- News
- News
- Update