← REALTY INCOME CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.1b | $1.2b | $1.3b | $1.5b | $1.7b | $2.1b | $3.3b | $4.1b | $5.3b | $5.7b | |
| Operating expenses: | |||||||||||
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | — | — | — | $0 | $0 | $1.1m | ($6.4m) | $2.5m | $7.8m | $13.3m | |
| Amortization of Intangible Assets | $94.0m | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | — | — | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $791.7m | |
| Lease Income | $1.1b | $1.2b | $1.3b | $1.5b | $1.6b | $2.1b | $3.3b | $4.0b | $5.0b | $5.4b | |
| Other Income | — | — | $6.3m | $6.8m | $12.1m | $15.5m | $44.0m | $120.8m | $227.4m | $312.0m | |
| Preferred Stock Dividends, Income Statement Impact | $27.1m | $3.9m | $0 | $0 | — | — | — | — | $7.8m | $0 | |
| Rental (including reimbursements) | $1.1b | $1.2b | $1.3b | $1.5b | $1.6b | $2.1b | $3.3b | $4.0b | $5.0b | $5.4b | |
| Other | $2.7m | $3.5m | $6.3m | $6.8m | $12.1m | $15.5m | $44.0m | $120.8m | $227.4m | $312.0m | |
| Depreciation and amortization | $449.9m | $498.8m | $539.8m | $594.0m | $677.0m | $897.8m | $1.7b | $1.9b | $2.4b | $2.5b | |
| Interest | $220.0m | $247.4m | $266.0m | $291.0m | $309.3m | $323.6m | $465.2m | $730.4m | $1.0b | $1.1b | |
| Property (including reimbursements) | $62.9m | $69.5m | $66.3m | $88.6m | $104.6m | $133.6m | $226.3m | $317.0m | $377.7m | $428.8m | |
| General and administrative | $52.0m | $58.4m | $84.1m | $66.5m | $73.2m | $97.0m | $138.5m | $144.5m | $176.9m | $202.6m | |
| Provisions for impairment | $20.7m | $14.8m | $26.3m | $40.2m | $147.2m | $39.0m | $25.9m | $87.1m | $425.8m | $471.3m | |
| Gain on sales of real estate | $22.0m | $40.9m | $24.6m | $30.0m | $76.2m | $55.8m | $103.0m | $25.7m | $117.3m | $177.6m | |
| Foreign currency and derivative (loss) gain, net | — | — | — | — | $4.6m | $710k | ($13.3m) | ($13.4m) | $3.4m | ($28.7m) | |
| Equity in earnings of unconsolidated entities | — | — | — | $0 | $0 | $1.1m | ($6.4m) | $2.5m | $7.8m | $13.3m | |
| Other income, net | — | — | — | $3.4m | $4.5m | $9.9m | $30.5m | $23.8m | $23.6m | $29.4m | |
| Income taxes | $3.3m | $6.0m | $5.3m | $6.2m | $14.7m | ($31.7m) | ($45.2m) | ($52.0m) | ($66.6m) | ($85.3m) | |
| Preferred stock dividends | ($27.1m) | ($3.9m) | $0 | $0 | — | — | $0 | $0 | ($7.8m) | $0 | |
| Excess of redemption value over carrying value of preferred shares redeemed | $0 | ($13.4m) | $0 | $0 | — | — | $0 | $0 | ($5.1m) | $0 | |
| Basic (in shares) | $255.1m | $273.5m | $289.4m | $315.8m | $345.3m | $414.5m | $611.8m | $692.3m | $863.0m | $907.2m | |
| Diluted (in shares) | $255.6m | $273.9m | $289.9m | $316.2m | $345.4m | $414.8m | $612.2m | $693.0m | $863.8m | $908.3m | |
| Foreign currency translation adjustment | — | $0 | $0 | $186k | ($2.6m) | $9.1m | ($55.2m) | $64.3m | ($32.9m) | $91.9m | |
| Unrealized loss on derivatives, net | — | $0 | ($8.1m) | ($9.2m) | ($34.9m) | $50.4m | $97.1m | ($37.3m) | ($2.8m) | ($25.2m) | |
| Comprehensive income available to common stockholders | $315.6m | $318.8m | $355.5m | $427.5m | $358.0m | $419.0m | $911.3m | $899.4m | $812.2m | $1.1b | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | $443.6m | $411.2m | $392.4m | $917.6m | $928.9m | $933.9m | $1.2b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $316.5m | — | — | — | — | — | — | — | — | — | |
| Total other comprehensive income (loss) | — | — | — | — | — | — | $41.9m | $27.1m | ($35.7m) | $66.8m | |
| Income before income taxes | — | — | — | $443.6m | $411.2m | $392.4m | $917.6m | $928.9m | $933.9m | $1.2b | |
| Net Income (Loss) Attributable to Parent | $315.6m | $318.8m | $363.6m | $436.5m | $395.5m | $359.5m | $869.4m | $872.3m | $860.8m | $1.1b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $288.5m | $301.5m | $363.6m | $436.5m | $395.5m | $359.5m | $869.4m | $872.3m | $847.9m | $1.1b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $906k | $520k | $984k | $996k | $1.0m | $1.3m | $3.0m | $4.6m | $6.6m | $11.2m | |
| Net income attributable to noncontrolling interests | ($906k) | ($520k) | ($984k) | ($996k) | ($1.0m) | ($1.3m) | ($3.0m) | ($4.6m) | ($6.6m) | ($11.2m) | |
| Earnings Per Share, Basic | — | — | $1.18 | $1.30 | $1.08 | $0.87 | $1.42 | $1.26 | $0.98 | $1.17 | |
| Earnings Per Share, Diluted | $1.06 | $1.03 | $1.18 | $1.30 | $1.07 | $0.87 | $1.42 | $1.26 | $0.98 | $1.17 | |
| Weighted Average Number of Shares Outstanding, Basic | 271.7m | 291.2m | 308.2m | 336.4m | 367.7m | 414.5m | 611.8m | 692.3m | 863.0m | 907.2m | |
| Weighted Average Number of Shares Outstanding, Diluted | 272.2m | 291.7m | 308.8m | 336.7m | 367.9m | 414.8m | 612.2m | 693.0m | 863.8m | 908.3m | |
| General and Administrative Expense | $52.0m | $58.4m | $84.1m | $66.5m | $73.2m | $97.0m | $138.5m | $144.5m | $176.9m | $202.6m | |
| Other Nonoperating Income (Expense) | — | — | — | $3.4m | $4.5m | $9.9m | $30.5m | $23.8m | $23.6m | $29.4m | |
| Business Combination, Acquisition Related Costs | — | — | — | $0 | $0 | $167.4m | $13.9m | $14.5m | $96.3m | $24.2m | |
| Direct Costs of Leased and Rented Property or Equipment | $62.9m | $69.5m | $66.3m | $88.6m | $104.6m | $133.6m | $226.3m | $317.0m | $377.7m | $428.8m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | $4.9m | $106.8m | $36.8m | |
| Merger, transaction, and other costs, net | — | — | — | $0 | $0 | $167.4m | $13.9m | $14.5m | $96.3m | $24.2m | |
| Interest Expense | $220.0m | $247.4m | $266.0m | $291.0m | $309.3m | $323.6m | $465.2m | $730.4m | $1.0b | $1.1b | |
| Interest Expense Operating | — | — | — | — | — | — | — | — | $1.0b | $1.1b | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | $84.7m | |
| Total expenses | $808.7m | $894.9m | $987.9m | $1.1b | $1.3b | $1.7b | $2.5b | $3.2b | $4.5b | $4.8b | |
| Income Tax Expense (Benefit) | $3.3m | $6.0m | $5.3m | $6.2m | $14.7m | $31.7m | $45.2m | $52.0m | $66.6m | $85.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.