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Consolidated Net IncomeEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest ExpensesNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOther Non Operating IncomeOther Operating ExpensesPreferred Dividend PaymentsProfit After TaxRestructuring CostsRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
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Realty Income (O) Operating Expenses (2016 - 2025)

Realty Income's Operating Expenses history spans 17 years, with the latest figure at $1.2 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 5.76% year-over-year to $1.2 billion; the TTM value through Dec 2025 reached $4.8 billion, up 6.61%, while the annual FY2025 figure was $4.8 billion, 6.61% up from the prior year.
  • Operating Expenses for Q4 2025 was $1.2 billion at Realty Income, up from $1.2 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.2 billion in Q2 2025 and bottomed at $303.1 million in Q1 2021.
  • The 5-year median for Operating Expenses is $811.9 million (2023), against an average of $833.1 million.
  • The largest annual shift saw Operating Expenses soared 2057.3% in 2021 before it rose 0.83% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $653.5 million in 2021, then increased by 5.04% to $686.5 million in 2022, then increased by 22.55% to $841.3 million in 2023, then soared by 37.18% to $1.2 billion in 2024, then rose by 5.76% to $1.2 billion in 2025.
  • Per Business Quant, the three most recent readings for O's Operating Expenses are $1.2 billion (Q4 2025), $1.2 billion (Q3 2025), and $1.2 billion (Q2 2025).