Realty Income (O) Tax Rate (2020 - 2026)
Realty Income (O) posted Tax Rate of 5.17% for Q3 2026, down 1.80 percentage points from 6.98% a year earlier and down 1.34 percentage points from the prior quarter.
Powered by 
Analysis
Realty Income (O) Tax Rate (2020 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Tax Rate at Realty Income was 6.40%, down 1.55 percentage points year-over-year; for FY2025, it came in at 7.39%, up 0.26 percentage points from FY2024.
- Annual Tax Rate has increased for three consecutive years, with a five-year change of +3.82 percentage points (FY2020 to FY2025).
- In prior years, Realty Income's Tax Rate was 7.13% in FY2024 (+1.53 pp), 5.60% in FY2023 (+0.68 pp), 4.92% in FY2022 (-3.14 pp) and 8.07% in FY2021 (+4.49 pp).
- The Q3 2026 figure stands as the lowest quarterly Tax Rate since Q3 2023.
- On a year-over-year basis, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of -0.27 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q4 2021, with a gain of 65.72 percentage points; the weakest was Q4 2022, with a drop of 65.45 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 6.51% (Q2 2026), 7.55% (Q1 2026) and 6.74% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 2.11% |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 10.02% |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 1.99% |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | - |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 5.17% |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | - |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 4.50% |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 0.74% |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 0.34% |
| 10 | Essex Property Trust | 17.52 Bn | 17.27 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.17% |
| Jun 30, 2026 | 6.51% |
| Mar 31, 2026 | 7.55% |
| Dec 31, 2025 | 6.74% |
| Sep 30, 2025 | 6.98% |
| Jun 30, 2025 | 10.79% |
| Mar 31, 2025 | 5.86% |
| Dec 31, 2024 | 9.08% |
| Sep 30, 2024 | 5.36% |
| Jun 30, 2024 | 5.65% |
| Mar 31, 2024 | 10.38% |
| Dec 31, 2023 | 6.71% |
| Sep 30, 2023 | 4.62% |
| Jun 30, 2023 | 6.16% |
| Mar 31, 2023 | 5.02% |
| Dec 31, 2022 | 3.95% |
| Sep 30, 2022 | 4.41% |
| Jun 30, 2022 | 6.15% |
| Mar 31, 2022 | 5.21% |
| Dec 31, 2021 | 69.39% |
API Access
Realty Income Tax Rate 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=tax-rate&ticker=O&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=O&period=max&api_key=YOUR_API_KEY");
const data = await res.json();