Realty Income Corp
NYSE:O
Income Statement
Earnings Waterfall
Realty Income Corp
Revenue
|
4.1B
USD
|
Cost of Revenue
|
-317m
USD
|
Gross Profit
|
3.8B
USD
|
Operating Expenses
|
-2B
USD
|
Operating Income
|
1.8B
USD
|
Other Expenses
|
-923.5m
USD
|
Net Income
|
872.3m
USD
|
Income Statement
Realty Income Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
780
N/A
|
826
+6%
|
869
+5%
|
902
+4%
|
934
+3%
|
959
+3%
|
984
+3%
|
1 007
+2%
|
1 023
+2%
|
1 044
+2%
|
1 061
+2%
|
1 079
+2%
|
1 103
+2%
|
1 134
+3%
|
1 163
+3%
|
1 193
+3%
|
1 216
+2%
|
1 236
+2%
|
1 265
+2%
|
1 296
+2%
|
1 328
+2%
|
1 364
+3%
|
1 401
+3%
|
1 437
+3%
|
1 492
+4%
|
1 552
+4%
|
1 601
+3%
|
1 631
+2%
|
1 652
+1%
|
1 680
+2%
|
1 730
+3%
|
1 817
+5%
|
2 080
+14%
|
2 445
+18%
|
2 791
+14%
|
3 137
+12%
|
3 344
+7%
|
3 481
+4%
|
3 690
+6%
|
3 891
+5%
|
4 079
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(39)
|
(40)
|
(42)
|
(47)
|
(54)
|
(57)
|
(62)
|
(63)
|
(55)
|
(56)
|
(56)
|
(58)
|
(63)
|
(67)
|
(69)
|
(70)
|
(70)
|
(67)
|
(67)
|
(65)
|
(66)
|
(71)
|
(76)
|
(81)
|
(89)
|
(93)
|
(98)
|
(103)
|
(105)
|
(108)
|
(113)
|
(117)
|
(134)
|
(157)
|
(178)
|
(201)
|
(226)
|
(243)
|
(286)
|
(304)
|
(317)
|
|
Gross Profit |
741
N/A
|
786
+6%
|
826
+5%
|
856
+4%
|
880
+3%
|
902
+2%
|
922
+2%
|
944
+2%
|
968
+2%
|
987
+2%
|
1 005
+2%
|
1 021
+2%
|
1 040
+2%
|
1 067
+3%
|
1 095
+3%
|
1 123
+3%
|
1 146
+2%
|
1 169
+2%
|
1 198
+2%
|
1 231
+3%
|
1 262
+3%
|
1 293
+2%
|
1 324
+2%
|
1 356
+2%
|
1 403
+4%
|
1 459
+4%
|
1 503
+3%
|
1 528
+2%
|
1 547
+1%
|
1 573
+2%
|
1 617
+3%
|
1 700
+5%
|
1 947
+15%
|
2 288
+17%
|
2 613
+14%
|
2 936
+12%
|
3 117
+6%
|
3 237
+4%
|
3 404
+5%
|
3 587
+5%
|
3 762
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(354)
|
(378)
|
(396)
|
(403)
|
(414)
|
(423)
|
(433)
|
(445)
|
(450)
|
(461)
|
(473)
|
(485)
|
(498)
|
(515)
|
(530)
|
(546)
|
(559)
|
(569)
|
(582)
|
(594)
|
(621)
|
(627)
|
(644)
|
(656)
|
(658)
|
(687)
|
(706)
|
(725)
|
(744)
|
(761)
|
(783)
|
(821)
|
(981)
|
(1 200)
|
(1 415)
|
(1 627)
|
(1 732)
|
(1 782)
|
(1 848)
|
(1 927)
|
(1 966)
|
|
Selling, General & Administrative |
(57)
|
(58)
|
(58)
|
(52)
|
(51)
|
(51)
|
(52)
|
(52)
|
(48)
|
(49)
|
(50)
|
(51)
|
(52)
|
(53)
|
(55)
|
(57)
|
(58)
|
(61)
|
(63)
|
(65)
|
(84)
|
(84)
|
(84)
|
(84)
|
(67)
|
(69)
|
(69)
|
(69)
|
(70)
|
(73)
|
(76)
|
(83)
|
(97)
|
(109)
|
(121)
|
(131)
|
(138)
|
(140)
|
(143)
|
(144)
|
(145)
|
|
Depreciation & Amortization |
(307)
|
(330)
|
(349)
|
(364)
|
(375)
|
(383)
|
(391)
|
(400)
|
(409)
|
(419)
|
(428)
|
(438)
|
(450)
|
(463)
|
(476)
|
(490)
|
(499)
|
(509)
|
(520)
|
(529)
|
(540)
|
(546)
|
(563)
|
(575)
|
(594)
|
(621)
|
(639)
|
(659)
|
(677)
|
(690)
|
(710)
|
(740)
|
(898)
|
(1 124)
|
(1 345)
|
(1 565)
|
(1 670)
|
(1 718)
|
(1 781)
|
(1 857)
|
(1 895)
|
|
Other Operating Expenses |
9
|
10
|
10
|
12
|
11
|
11
|
10
|
7
|
8
|
7
|
6
|
5
|
3
|
1
|
1
|
0
|
(2)
|
0
|
0
|
0
|
3
|
3
|
3
|
3
|
2
|
3
|
2
|
3
|
3
|
3
|
3
|
2
|
14
|
33
|
52
|
70
|
77
|
76
|
75
|
74
|
73
|
|
Operating Income |
387
N/A
|
408
+5%
|
430
+5%
|
452
+5%
|
466
+3%
|
479
+3%
|
489
+2%
|
500
+2%
|
518
+4%
|
526
+2%
|
532
+1%
|
536
+1%
|
542
+1%
|
552
+2%
|
564
+2%
|
577
+2%
|
588
+2%
|
600
+2%
|
616
+3%
|
637
+3%
|
640
+1%
|
666
+4%
|
681
+2%
|
700
+3%
|
745
+6%
|
772
+4%
|
797
+3%
|
803
+1%
|
803
+0%
|
812
+1%
|
834
+3%
|
879
+5%
|
966
+10%
|
1 088
+13%
|
1 199
+10%
|
1 309
+9%
|
1 385
+6%
|
1 455
+5%
|
1 555
+7%
|
1 660
+7%
|
1 796
+8%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(189)
|
(199)
|
(213)
|
(218)
|
(225)
|
(231)
|
(236)
|
(245)
|
(238)
|
(239)
|
(237)
|
(225)
|
(220)
|
(216)
|
(222)
|
(232)
|
(243)
|
(245)
|
(248)
|
(254)
|
(266)
|
(277)
|
(282)
|
(286)
|
(287)
|
(295)
|
(300)
|
(302)
|
(304)
|
(299)
|
(294)
|
(298)
|
(332)
|
(385)
|
(439)
|
(520)
|
(557)
|
(593)
|
(669)
|
(714)
|
(809)
|
|
Non-Reccuring Items |
(13)
|
(3)
|
(3)
|
(3)
|
(5)
|
(5)
|
(7)
|
(11)
|
(12)
|
(10)
|
(14)
|
(18)
|
(21)
|
(24)
|
(21)
|
(12)
|
(57)
|
(66)
|
(68)
|
(74)
|
(26)
|
(17)
|
(26)
|
(33)
|
(40)
|
(53)
|
(54)
|
(146)
|
(161)
|
(192)
|
(209)
|
(135)
|
(304)
|
(268)
|
(248)
|
(221)
|
(39)
|
(40)
|
(60)
|
(75)
|
(102)
|
|
Gain/Loss on Disposition of Assets |
0
|
1
|
3
|
14
|
39
|
45
|
47
|
42
|
22
|
17
|
22
|
20
|
22
|
30
|
24
|
24
|
41
|
34
|
39
|
42
|
25
|
29
|
28
|
22
|
30
|
61
|
56
|
68
|
76
|
46
|
60
|
58
|
56
|
58
|
83
|
114
|
103
|
97
|
64
|
29
|
26
|
|
Total Other Income |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
6
|
8
|
11
|
12
|
26
|
26
|
26
|
31
|
18
|
|
Pre-Tax Income |
183
N/A
|
205
+12%
|
215
+5%
|
244
+13%
|
273
+12%
|
285
+5%
|
290
+1%
|
284
-2%
|
288
+1%
|
291
+1%
|
301
+3%
|
310
+3%
|
320
+3%
|
338
+6%
|
343
+1%
|
354
+3%
|
325
-8%
|
320
-2%
|
336
+5%
|
347
+3%
|
370
+6%
|
398
+8%
|
397
0%
|
399
+1%
|
444
+11%
|
481
+8%
|
495
+3%
|
420
-15%
|
411
-2%
|
364
-12%
|
387
+6%
|
501
+29%
|
392
-22%
|
501
+28%
|
605
+21%
|
694
+15%
|
918
+32%
|
945
+3%
|
916
-3%
|
931
+2%
|
929
0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(6)
|
(6)
|
(7)
|
(7)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(8)
|
(9)
|
(12)
|
(15)
|
(18)
|
(25)
|
(26)
|
(32)
|
(36)
|
(42)
|
(46)
|
(45)
|
(46)
|
(44)
|
(46)
|
(52)
|
|
Income from Continuing Operations |
181
|
202
|
212
|
241
|
269
|
282
|
286
|
280
|
285
|
288
|
298
|
307
|
317
|
335
|
340
|
351
|
319
|
314
|
329
|
340
|
365
|
393
|
391
|
393
|
438
|
473
|
486
|
408
|
397
|
346
|
362
|
474
|
361
|
464
|
564
|
649
|
872
|
899
|
872
|
885
|
877
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(4)
|
(5)
|
|
Net Income (Common) |
204
N/A
|
188
-8%
|
194
+3%
|
210
+9%
|
228
+8%
|
241
+6%
|
249
+3%
|
252
+1%
|
257
+2%
|
260
+1%
|
269
+4%
|
279
+4%
|
289
+3%
|
297
+3%
|
309
+4%
|
326
+6%
|
302
-8%
|
313
+4%
|
328
+5%
|
340
+3%
|
364
+7%
|
391
+8%
|
390
0%
|
392
+1%
|
437
+11%
|
472
+8%
|
485
+3%
|
407
-16%
|
396
-3%
|
345
-13%
|
361
+5%
|
473
+31%
|
359
-24%
|
463
+29%
|
562
+21%
|
646
+15%
|
869
+35%
|
895
+3%
|
867
-3%
|
881
+2%
|
872
-1%
|
|
EPS (Diluted) |
1
N/A
|
0.9
-10%
|
0.87
-3%
|
0.94
+8%
|
1.03
+10%
|
1.08
+5%
|
1.06
-2%
|
1.06
N/A
|
1.09
+3%
|
1.03
-6%
|
1.06
+3%
|
1.07
+1%
|
1.13
+6%
|
1.14
+1%
|
1.13
-1%
|
1.18
+4%
|
1.1
-7%
|
1.1
N/A
|
1.17
+6%
|
1.16
-1%
|
1.25
+8%
|
1.28
+2%
|
1.25
-2%
|
1.22
-2%
|
1.38
+13%
|
1.4
+1%
|
1.41
+1%
|
1.17
-17%
|
1.14
-3%
|
0.92
-19%
|
0.96
+4%
|
1.2
+25%
|
0.87
-28%
|
0.77
-11%
|
0.93
+21%
|
1.04
+12%
|
1.42
+37%
|
1.35
-5%
|
1.28
-5%
|
1.24
-3%
|
1.26
+2%
|