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| Date | Value |
|---|---|
| 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% |