Realty Income (O) FCF Margin (2009 - 2026)

Realty Income's (O) quarterly FCF Margin came in at 54.77% in Q1 2026, down 62.0% year-on-year from 144.12% in Q1 2025, and down 29.38% quarter-over-quarter from 77.56% in Q4 2025.

Realty Income (O) FCF Margin (2009 - 2026) Analysis & Trends

Realty Income has disclosed FCF Margin across 18 years of filings, most recently posting 54.77% for Q1 2026.

  • FCF Margin for Q1 2026 came in at 54.77%, down 62.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 66.69% (up 275.0% YoY), and the FY2025 annual result was 67.19%, up 170.0% from the prior year.
  • FCF Margin came in at 54.77% for Q1 2026 at Realty Income, down from 77.56% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 89.69% in Q2 2022 to a low of 54.77% in Q1 2026.
  • The 5-year median for FCF Margin is 68.75% (2023), against an average of 68.49%.
  • Across the five-year window, FCF Margin jumped 2226 bps in 2022 and plunged 1912 bps in 2023, its largest moves.
  • Realty Income's FCF Margin stood at 67.63% in 2022, then climbed by 2 bps to 68.67% in 2023, then advanced by 2 bps to 69.82% in 2024, then rose by 11 bps to 77.56% in 2025, then retreated by 29 bps to 54.77% in 2026.
  • The last three FCF Margin figures came in at 54.77% (Q1 2026), 77.56% (Q4 2025), and 61.88% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Simon Property 67.46 Bn 67.84 Bn 1.76 Bn 52.96%
2 Realty Income 55.47 Bn 56.16 Bn - 54.77%
3 Kimco Realty 16.36 Bn 16.39 Bn 447.43 Mn 47.63%
4 Regency Centers 14.49 Bn 14.61 Bn - 31.49%
5 Federal Realty Investment Trust 10.47 Bn 10.54 Bn 265.49 Mn -56.55%
6 Agree Realty 8.78 Bn 8.76 Bn - -133.14%
7 Nnn Reit 8.52 Bn 8.52 Bn - 18.62%
8 Essential Properties Realty Trust 6.32 Bn 6.32 Bn - -133.00%
9 Kite Realty Group Trust 6.09 Bn 6.20 Bn - 22.28%
10 Macerich 6.03 Bn 5.83 Bn 158.29 Mn 20.17%

Historic Data

Download Data
DateValue
Mar 31, 2026 54.77%
Dec 31, 2025 77.56%
Sep 30, 2025 61.88%
Jun 30, 2025 73.34%
Mar 31, 2025 55.39%
Dec 31, 2024 69.82%
Sep 30, 2024 60.70%
Jun 30, 2024 70.12%
Mar 31, 2024 61.01%
Dec 31, 2023 68.67%
Sep 30, 2023 68.75%
Jun 30, 2023 70.57%
Mar 31, 2023 75.96%
Dec 31, 2022 67.63%
Sep 30, 2022 76.49%
Jun 30, 2022 89.69%
Mar 31, 2022 61.93%
Dec 31, 2021 50.24%
Sep 30, 2021 77.93%
Jun 30, 2021 67.43%