KPIs & Operating Metrics(New)

Realty Income (O) Operating Leases (2017 - 2026)

Realty Income's Operating Leases history spans 12 years, with the latest figure at $1.5 billion for Q4 2025.

  • On a quarterly basis, Operating Leases fell 8.67% to $1.5 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $1.5 billion, a 8.67% decrease, with the full-year FY2025 number at $1.5 billion, down 8.67% from a year prior.
  • Operating Leases hit $1.5 billion in Q4 2025 for Realty Income, down from $1.5 billion in the prior quarter.
  • Over the last five years, Operating Leases for O hit a ceiling of $1.7 billion in Q1 2024 and a floor of $313.9 million in Q1 2021.
  • Historically, Operating Leases has averaged $1.3 billion across 5 years, with a median of $1.4 billion in 2023.
  • Biggest five-year swings in Operating Leases: soared 330.18% in 2022 and later decreased 8.85% in 2025.
  • Tracing O's Operating Leases over 5 years: stood at $1.3 billion in 2021, then increased by 5.44% to $1.4 billion in 2022, then rose by 1.99% to $1.4 billion in 2023, then rose by 16.27% to $1.6 billion in 2024, then dropped by 8.67% to $1.5 billion in 2025.
  • Business Quant data shows Operating Leases for O at $1.5 billion in Q4 2025, $1.5 billion in Q3 2025, and $1.6 billion in Q2 2025.