Realty Income (O) EBT Margin (2020 - 2026)

Realty Income (O) posted EBT Margin of 22.41% for Q1 2026, up 3.11% sequentially from 21.74% in Q4 2025, and up 306.0% YoY from 5.52% in Q1 2025.

Realty Income (O) EBT Margin (2020 - 2026) Analysis & Trends

Realty Income has reported EBT Margin for 7 years, with the latest figure at 22.41% in Q1 2026.

Quarterly EBT Margin rose 306.0% year-over-year to 22.41% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.87% (up 137.0% YoY) and the FY2025 annual result came in at 20.09%, up 237.0% from the prior year.
EBT Margin improved to 22.41% in Q1 2026 per O's latest filing, from 21.74% in the prior quarter.
Over five years, EBT Margin peaked at 29.43% in Q2 2022 and troughed at 11.85% in Q1 2024.
A 5-year average of 22.01% and a median of 21.89% in 2023 frame the typical range for EBT Margin.
The sharpest annual moves came in 2022 and 2024: EBT Margin surged 2462 bps in 2022, then plunged 1336 bps in 2024.
Over 5 years, EBT Margin stood at 26.75% in 2022, then declined by 18 bps to 21.89% in 2023, then dropped by 25 bps to 16.52% in 2024, then surged by 32 bps to 21.74% in 2025, then grew by 3 bps to 22.41% in 2026.
According to Business Quant data, EBT Margin over the past three periods registered 22.41%, 21.74%, and 23.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	EBT Margin (Qtr)
1	Simon Property	72.53 Bn	72.53 Bn	1.76 Bn	34.52%
2	Realty Income	57.91 Bn	57.91 Bn	-	25.61%
3	Kimco Realty	16.14 Bn	16.14 Bn	455.67 Mn	22.16%
4	Federal Realty Investment Trust	10.07 Bn	10.07 Bn	271.22 Mn	26.58%
5	Agree Realty	8.87 Bn	8.86 Bn	-	4.83%
6	Nnn Reit	8.69 Bn	8.69 Bn	-	40.09%
7	Macerich	6.68 Bn	6.68 Bn	171.77 Mn	-86.56%
8	Essential Properties Realty Trust	6.54 Bn	6.54 Bn	-	46.40%
9	Kite Realty Group Trust	5.30 Bn	5.30 Bn	-	-
10	Phillips Edison & Company	5.02 Bn	5.02 Bn	-	-

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