Realty Income (O) Income before Taxes (2020 - 2026)
Realty Income's EBT came in at $455.71 million for Q3 2026, up 33.4% from $341.5 million a year earlier and up 15.0% from the prior quarter.
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Analysis
Realty Income (O) Income before Taxes (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Realty Income reported EBT of $1.52 billion, up 44.6% year-over-year; for FY2025, it was $1.16 billion, up 23.7% from FY2024.
- EBT has increased in each of the last four years, with a five-year compound annual growth rate of 22.9% (FY2020 to FY2025).
- Going back by year, EBT was $933.94 million in FY2024 (+0.5%), $928.94 million in FY2023 (+1.2%), $917.6 million in FY2022 (+133.8%) and $392.4 million in FY2021 (-4.6%).
- The Q3 2026 figure represents the highest quarterly EBT in data going back to Q2 2020.
- Year-over-year, EBT has increased for five consecutive quarters, with growth averaging 32.5% over the last eight quarters.
- The fastest year-over-year change in EBT over five years came in Q1 2022 (growth of 105.9%), and the weakest in Q4 2021 (a decline of 88.1%).
- Business Quant data shows O's EBT at $396.32 million (Q2 2026), $347.13 million (Q1 2026) and $323.44 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - |
| 10 | Essex Property Trust | 17.52 Bn | 17.27 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 455.71 Mn |
| Jun 30, 2026 | 396.32 Mn |
| Mar 31, 2026 | 347.13 Mn |
| Dec 31, 2025 | 323.44 Mn |
| Sep 30, 2025 | 341.50 Mn |
| Jun 30, 2025 | 223.08 Mn |
| Mar 31, 2025 | 267.12 Mn |
| Dec 31, 2024 | 221.45 Mn |
| Sep 30, 2024 | 286.48 Mn |
| Jun 30, 2024 | 276.61 Mn |
| Mar 31, 2024 | 149.40 Mn |
| Dec 31, 2023 | 235.57 Mn |
| Sep 30, 2023 | 245.21 Mn |
| Jun 30, 2023 | 210.09 Mn |
| Mar 31, 2023 | 238.07 Mn |
| Dec 31, 2022 | 237.72 Mn |
| Sep 30, 2022 | 230.45 Mn |
| Jun 30, 2022 | 238.48 Mn |
| Mar 31, 2022 | 210.95 Mn |
| Dec 31, 2021 | 14.60 Mn |
API Access
Realty Income Income before Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-before-taxes&ticker=O&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-before-taxes", "ticker": "O", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-before-taxes&ticker=O&period=max&api_key=YOUR_API_KEY");
const data = await res.json();