Retail was Realty Income’s largest product and service line in fiscal 2022, bringing in $2.73B of $3.30B (83%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Retail | $1.37B | $1.71B | $2.73B | |||
| Rental | — | — | — | |||
| Industrial | $185.90M | $271.10M | $495.40M | |||
| Other | — | $84.10M | $74.20M | |||
| Other (2) | $85.20M | — | — | |||
| Tenant Reimbursements | — | — | — | |||
| Total | $1.64B | $2.07B | $3.30B |
Realty Income brought in $3.30B from its three product and service lines in fiscal 2022, the year ended December 31, 2022. That was up 59.8% from $2.07B in fiscal 2021. Retail was the largest at $2.73B (82.7%), ahead of Industrial at $495.40M (15.0%) and Other at $74.20M (2.2%).
Compared with fiscal 2021, Industrial grew fastest, up 82.7% to $495.40M, while Other fell the most, down 11.8% to $74.20M.
Realty Income stopped reporting Other (2) as a separate line after fiscal 2020, when it brought in $85.20M.
Acquisitions - U.S was Realty Income’s largest region in fiscal 2022, bringing in $3.00B of $3.30B (91%).
| Geography | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|
| Acquisitions - U.S | — | — | $3.00B |
| U.S | $1.58B | $1.91B | — |
| U.K | $57.20M | $148.50M | $273.50M |
| Other | — | $4.20M | $30.90M |
| Total | $1.64B | $2.07B | $3.30B |
Realty Income brought in $3.30B from its three regions in fiscal 2022, the year ended December 31, 2022. Realty Income regrouped these regions after fiscal 2021, so the total does not compare directly with that year's $2.07B. Acquisitions - U.S was the largest at $3.00B (90.8%), ahead of U.K at $273.50M (8.3%) and Other at $30.90M (0.9%).
Realty Income began breaking out Acquisitions - U.S in fiscal 2022 and Other in fiscal 2021. Realty Income stopped reporting U.S as a separate region after fiscal 2021, when it brought in $1.91B.
Realty Income (O) reports its revenue by product and service and by geography. In fiscal 2022, Retail was its largest product and service line, bringing in $2.73B (82.7% of the total), followed by Industrial at $495.40M (15.0%).
Retail was Realty Income's largest product and service line in fiscal 2022, bringing in $2.73B, or 82.7% of the $3.30B total across its three product and service lines.
Acquisitions - U.S was Realty Income's largest region in fiscal 2022, bringing in $3.00B, or 90.8% of the $3.30B total across its three regions.
Among Realty Income's product and service lines that make up at least 2% of revenue, Industrial grew fastest in fiscal 2022, up 82.7% from $271.10M to $495.40M.
Every figure comes from Realty Income's annual financial filings, as reported. Each line keeps the name Realty Income gives it, and years follow its fiscal calendar.
Realty Income's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2022. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.