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

Realty Income (O) posted Net Margin of 20.13% for Q1 2026, up 1.16% sequentially from 19.9% in Q4 2025, and up 203.0% YoY from 6.64% in Q1 2025.

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

Realty Income has reported Net Margin for 18 years, with the latest figure at 20.13% in Q1 2026.

Quarterly Net Margin rose 203.0% year-over-year to 20.13% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 18.94% (up 98.0% YoY) and the FY2025 annual result came in at 18.41%, up 233.0% from the prior year.
Net Margin climbed to 20.13% in Q1 2026 per O's latest filing, from 19.9% in the prior quarter.
Over five years, Net Margin peaked at 27.62% in Q2 2022 and troughed at 10.29% in Q1 2024.
A 5-year average of 20.46% and a median of 20.13% in 2026 frame the typical range for Net Margin.
The sharpest annual moves came in 2022 and 2024: Net Margin soared 2504 bps in 2022, then tumbled 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 dropped by 27 bps to 14.89% in 2024, then jumped by 34 bps to 19.9% in 2025, then grew by 1 bps to 20.13% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 20.13%, 19.9%, and 21.47% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Simon Property	72.62 Bn	72.62 Bn	1.76 Bn	170.16%
2	Realty Income	57.85 Bn	57.85 Bn	-	22.22%
3	Kimco Realty	16.14 Bn	16.14 Bn	455.67 Mn	26.46%
4	Federal Realty Investment Trust	10.05 Bn	10.05 Bn	271.22 Mn	24.93%
5	Agree Realty	8.86 Bn	8.85 Bn	-	25.74%
6	Nnn Reit	8.69 Bn	8.69 Bn	-	40.09%
7	Macerich	6.67 Bn	6.67 Bn	171.77 Mn	-86.56%
8	Essential Properties Realty Trust	6.53 Bn	6.53 Bn	-	46.01%
9	Kite Realty Group Trust	5.31 Bn	5.31 Bn	-	82.19%
10	Phillips Edison & Company	5.01 Bn	5.01 Bn	-	-

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