Realty Income (O) Net Margin (2009 - 2026)
Realty Income's (O) quarterly Net Margin came in at 22.22% in Q2 2026, up 826.0% year-over-year from 2.4% in Q2 2025, and up 10.4% quarter-over-quarter from 20.13% in Q1 2026.
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Analysis
Realty Income (O) Net Margin (2009 - 2026) Analysis & Trends
Realty Income has disclosed Net Margin across 18 years of filings, most recently posting 22.22% for Q2 2026.
- In Q2 2026, Net Margin rose 826.0% year-over-year to 22.22%; the TTM figure through Jun 2026 stood at 20.93% (up 431.0% YoY), while the FY2025 annual figure was 18.41%, up 233.0% from the prior year.
- Net Margin came in at 22.22% for Q2 2026 at Realty Income, up from 20.13% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 27.62% in Q2 2022 to a low of 10.29% in Q1 2024.
- Average Net Margin over 5 years is 20.55%, with a median of 20.21% recorded in 2023.
- Year-over-year, Net Margin surged 2504 bps in 2022 and slumped 1354 bps in 2024.
- Over 5 years, Net Margin stood at 25.69% in 2022, then fell by 21 bps to 20.29% in 2023, then decreased by 27 bps to 14.89% in 2024, then surged by 34 bps to 19.9% in 2025, then increased by 12 bps to 22.22% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 22.22% in Q2 2026, 20.13% in Q1 2026, and 19.9% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn | 12.55% |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn | 43.74% |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn | 170.16% |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - | 22.22% |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn | 36.52% |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn | 4.08% |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn | 29.68% |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn | 49.97% |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - | - |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn | 29.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.22% |
| Mar 31, 2026 | 20.13% |
| Dec 31, 2025 | 19.90% |
| Sep 30, 2025 | 21.47% |
| Jun 30, 2025 | 13.96% |
| Mar 31, 2025 | 18.10% |
| Dec 31, 2024 | 14.89% |
| Sep 30, 2024 | 19.67% |
| Jun 30, 2024 | 19.17% |
| Mar 31, 2024 | 10.29% |
| Dec 31, 2023 | 20.29% |
| Sep 30, 2023 | 22.47% |
| Jun 30, 2023 | 19.17% |
| Mar 31, 2023 | 23.83% |
| Dec 31, 2022 | 25.69% |
| Sep 30, 2022 | 26.31% |
| Jun 30, 2022 | 27.62% |
| Mar 31, 2022 | 24.77% |
| Dec 31, 2021 | 0.65% |
| Sep 30, 2021 | 27.61% |
API Access
Realty Income Net Margin 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=net-margin&ticker=O&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=O&period=max&api_key=YOUR_API_KEY");
const data = await res.json();