Realty Income (O) Lease Intangible Assets (2009 - 2026)
Realty Income (O) recorded Intangibles of $5.58 billion in Q3 2026, down 4.7% from $5.86 billion a year earlier and down 0.6% from the prior quarter.
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Analysis
Realty Income (O) Lease Intangible Assets (2009 - 2026) Analysis & Trends
At the end of FY2025, Realty Income reported Intangibles of $5.72 billion, down 9.6% from FY2024.
- Annual Intangibles has a five-year compound annual growth rate of 27.3% (FY2020 to FY2025).
- Across earlier years, Intangibles came in at $6.32 billion in FY2024 (+26.0%), $5.02 billion in FY2023 (-2.9%), $5.17 billion in FY2022 (-2.0%) and $5.28 billion in FY2021 (+208.4%).
- The Q3 2026 figure is the lowest quarterly Intangibles since Q4 2023.
- On a year-over-year basis, Intangibles has declined for seven consecutive quarters, with an average decline of 4.7% over the last eight quarters.
- Peak year-over-year performance for Intangibles in the last five years was growth of 208.4% in Q4 2021, against a decline of 11.7% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $5.62 billion (Q2 2026), $5.65 billion (Q1 2026) and $5.72 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn |
| 10 | Vici Properties | 27.54 Bn | 26.32 Bn | 1.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.58 Bn |
| Jun 30, 2026 | 5.62 Bn |
| Mar 31, 2026 | 5.65 Bn |
| Dec 31, 2025 | 5.72 Bn |
| Sep 30, 2025 | 5.86 Bn |
| Jun 30, 2025 | 6.03 Bn |
| Mar 31, 2025 | 6.22 Bn |
| Dec 31, 2024 | 6.32 Bn |
| Sep 30, 2024 | 6.60 Bn |
| Jun 30, 2024 | 6.73 Bn |
| Mar 31, 2024 | 7.04 Bn |
| Dec 31, 2023 | 5.02 Bn |
| Sep 30, 2023 | 5.09 Bn |
| Jun 30, 2023 | 5.24 Bn |
| Mar 31, 2023 | 5.26 Bn |
| Dec 31, 2022 | 5.17 Bn |
| Sep 30, 2022 | 5.06 Bn |
| Jun 30, 2022 | 5.15 Bn |
| Mar 31, 2022 | 5.19 Bn |
| Dec 31, 2021 | 5.28 Bn |
API Access
Realty Income Lease Intangible Assets 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=lease-intangible-assets&ticker=O&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "lease-intangible-assets", "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=lease-intangible-assets&ticker=O&period=max&api_key=YOUR_API_KEY");
const data = await res.json();