Realty Income (O) EBITDA Margin (2018 - 2026)
Realty Income's (O) quarterly EBITDA Margin came in at 22.21% in Q1 2026, up 161.0% year-on-year from 8.51% in Q1 2025, and up 7.03% quarter-over-quarter from 20.75% in Q4 2025.
Realty Income (O) EBITDA Margin (2018 - 2026) Analysis & Trends
Realty Income has disclosed EBITDA Margin across 9 years of filings, most recently posting 22.21% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 22.21%, up 161.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.02% (up 192.0% YoY), and the FY2025 annual result was 19.57%, up 416.0% from the prior year.
- EBITDA Margin came in at 22.21% for Q1 2026 at Realty Income, up from 20.75% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 33.65% in Q4 2022 to a low of 9.57% in Q1 2024.
- The 5-year median for EBITDA Margin is 21.24% (2025), against an average of 21.11%.
- Across the five-year window, EBITDA Margin soared 3218 bps in 2022 and sank 1708 bps in 2024, its largest moves.
- Realty Income's EBITDA Margin stood at 33.65% in 2022, then sank by 31 bps to 23.27% in 2023, then slumped by 57 bps to 10.03% in 2024, then soared by 107 bps to 20.75% in 2025, then advanced by 7 bps to 22.21% in 2026.
- The last three EBITDA Margin figures came in at 22.21% (Q1 2026), 20.75% (Q4 2025), and 21.24% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 67.46 Bn | 67.84 Bn | 1.76 Bn | 49.72% |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 22.21% |
| 3 | Kimco Realty | 16.36 Bn | 16.39 Bn | 447.43 Mn | 36.37% |
| 4 | Regency Centers | 14.49 Bn | 14.61 Bn | - | 71.86% |
| 5 | Federal Realty Investment Trust | 10.47 Bn | 10.54 Bn | 265.49 Mn | 39.40% |
| 6 | Agree Realty | 8.78 Bn | 8.76 Bn | - | 33.58% |
| 7 | Nnn Reit | 8.52 Bn | 8.52 Bn | - | 61.00% |
| 8 | Essential Properties Realty Trust | 6.32 Bn | 6.32 Bn | - | 56.45% |
| 9 | Kite Realty Group Trust | 6.09 Bn | 6.20 Bn | - | 87.54% |
| 10 | Macerich | 6.03 Bn | 5.83 Bn | 158.29 Mn | -49.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.21% |
| Dec 31, 2025 | 20.75% |
| Sep 30, 2025 | 21.24% |
| Jun 30, 2025 | 15.59% |
| Mar 31, 2025 | 20.60% |
| Dec 31, 2024 | 10.03% |
| Sep 30, 2024 | 21.78% |
| Jun 30, 2024 | 19.96% |
| Mar 31, 2024 | 9.57% |
| Dec 31, 2023 | 23.27% |
| Sep 30, 2023 | 17.25% |
| Jun 30, 2023 | 21.39% |
| Mar 31, 2023 | 26.64% |
| Dec 31, 2022 | 33.65% |
| Sep 30, 2022 | 20.57% |
| Jun 30, 2022 | 25.62% |
| Mar 31, 2022 | 28.78% |
| Dec 31, 2021 | 1.47% |
| Sep 30, 2021 | 31.29% |
| Jun 30, 2021 | 24.52% |