Realty Income (O) Real Estate, at Cost (2009 - 2026)
Realty Income's Real Estate, at Cost came in at $65.84 billion for Q3 2026, up 7.8% from $61.05 billion a year earlier and up 2.0% from the prior quarter.
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Analysis
Realty Income (O) Real Estate, at Cost (2009 - 2026) Analysis & Trends
At the end of FY2025, Realty Income's Real Estate, at Cost was $62.19 billion, up 6.7% from FY2024.
- Real Estate, at Cost has increased in each of the last 16 years, with a five-year compound annual growth rate of 24.2% (FY2020 to FY2025).
- Going back by year, Real Estate, at Cost was $58.3 billion in FY2024 (+17.6%), $49.59 billion in FY2023 (+16.2%), $42.66 billion in FY2022 (+18.8%) and $35.91 billion in FY2021 (+70.9%).
- The Q3 2026 figure represents the highest quarterly Real Estate, at Cost in data going back to Q4 2009.
- Year-over-year, Real Estate, at Cost has increased for 62 consecutive quarters, with growth averaging 7.8% over the last eight quarters.
- The year-over-year growth in Real Estate, at Cost has ranged between 5.2% (Q1 2025) and 70.9% (Q4 2021) over the last five years.
- Business Quant data shows O's Real Estate, at Cost at $64.58 billion (Q2 2026), $63.09 billion (Q1 2026) and $62.19 billion (Q4 2025) in the three quarters before Q3 2026.
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 | 65.84 Bn |
| Jun 30, 2026 | 64.58 Bn |
| Mar 31, 2026 | 63.09 Bn |
| Dec 31, 2025 | 62.19 Bn |
| Sep 30, 2025 | 61.05 Bn |
| Jun 30, 2025 | 60.74 Bn |
| Mar 31, 2025 | 59.42 Bn |
| Dec 31, 2024 | 58.30 Bn |
| Sep 30, 2024 | 57.75 Bn |
| Jun 30, 2024 | 56.66 Bn |
| Mar 31, 2024 | 56.46 Bn |
| Dec 31, 2023 | 49.59 Bn |
| Sep 30, 2023 | 48.02 Bn |
| Jun 30, 2023 | 46.66 Bn |
| Mar 31, 2023 | 44.13 Bn |
| Dec 31, 2022 | 42.66 Bn |
| Sep 30, 2022 | 38.83 Bn |
| Jun 30, 2022 | 37.71 Bn |
| Mar 31, 2022 | 36.81 Bn |
| Dec 31, 2021 | 35.91 Bn |
API Access
Realty Income Real Estate, at Cost 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=real-estate-at-cost&ticker=O&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "real-estate-at-cost", "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=real-estate-at-cost&ticker=O&period=max&api_key=YOUR_API_KEY");
const data = await res.json();