Realty Income profit margin O
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 20.9%
- Net margin on a year earlier
- +4.2 pts
- Peer median
- 15.6%
Over the twelve months to Jun 30, 2026, Realty Income kept 20.9% of its revenue as net profit.
Five years earlier its net margin was 20.9%.
The median for 10 real estate stocks of a similar size is 15.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 18.4% |
| FY2024 | 16.3% |
| FY2023 | 21.4% |
| FY2022 | 26.0% |
| FY2021 | 17.3% |
| FY2020 | 23.9% |
| FY2019 | 29.3% |
| FY2018 | 27.4% |
| FY2017 | 26.2% |
| FY2016 | 28.6% |
| FY2015 | 27.7% |
| FY2014 | 29.0% |
| FY2013 | 31.5% |
| FY2012 | 32.8% |
| FY2011 | 38.1% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 20.9% | +4.2 pts | |
| Q1 FY26 | 18.9% | +0.8 pts | |
| Q4 FY25 | 18.4% | +2.1 pts | |
| Q3 FY25 | 17.2% | −0.4 pts | |
| Q2 FY25 | 16.8% | −1.1 pts | |
| Q1 FY25 | 18.1% | +0.4 pts | |
| Q4 FY24 | 16.3% | −5.1 pts | |
| Q3 FY24 | 17.6% | −5.1 pts | |
| Q2 FY24 | 17.9% | −5.6 pts | |
| Q1 FY24 | 17.7% | −8.0 pts | |
| Q4 FY23 | 21.4% | −4.6 pts | |
| Q3 FY23 | 22.6% | +2.1 pts |
Against its peers
Companies in Real Estate nearest Realty Income's size, closest first, today.
| Company | Profit margin |
|---|---|
| ORealty Income | 20.9% |
| PSAPublic Storage | 41.8% |
| VMRKVivmark Residential | 28.0% |
| DLRDigital Realty Trust | 11.8% |
| VTRVentas | 4.1% |
| SPGSimon Property | n/m |
| CCICrown Castle | 20.7% |
| CBRECBRE | 3.0% |
| AMTAmerican Tower | 31.1% |
| IRMIron Mountain | 5.5% |
| EQIXEquinix | 15.6% |
| Peer median | 15.6% |
Where Realty Income ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Realty Income
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.