Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

Realty Income Corporation

Rental

Rental %Chg

Rental Common Size

Tenant Reimbursements

Tenant Reimbursements %Chg

Tenant Reimbursements Common Size

Other

Other %Chg

Other Common Size

Total Revenue

Total Revenue %Chg

Total Revenue Common Size

Depreciation and Amortization

Depreciation and Amortization %Chg

Depreciation and Amortization Common Size

Interest

Interest %Chg

Interest Common Size

General and Administrative

General and Administrative %Chg

General and Administrative Common Size

Revenue

Revenue %Chg

Revenue Common Size

Property Expenses

Property Expenses %Chg

Property Expenses Common Size

Property

Property %Chg

Property Common Size

Income Taxes

Income Taxes %Chg

Income Taxes Common Size

Provisions for Impairment

Provisions for Impairment %Chg

Provisions for Impairment Common Size

Total Expenses

Total Expenses %Chg

Total Expenses Common Size

Gain on Sales of Real Estate

Gain on Sales of Real Estate %Chg

Gain on Sales of Real Estate Common Size

Merger, Transaction, and Other Costs, Net

Merger, Transaction, and Other Costs, Net %Chg

Merger, Transaction, and Other Costs, Net Common Size

Income from Continuing Operations Before Gain on Sales of Real Estate and Income Taxes

Income from Continuing Operations Before Gain on Sales of Real Estate and Income Taxes %Chg

Income from Continuing Operations Before Gain on Sales of Real Estate and Income Taxes Common Size

Income Tax Expense

Income Tax Expense %Chg

Income Tax Expense Common Size

Income from Continuing Operations

Income from Continuing Operations %Chg

Income from Continuing Operations Common Size

Income from Discontinued Operations

Income from Discontinued Operations %Chg

Income from Discontinued Operations Common Size

Gain on Sales of Real Estate from Discontinued Operations

Gain on Sales of Real Estate from Discontinued Operations %Chg

Gain on Sales of Real Estate from Discontinued Operations Common Size

Foreign Currency and Derivative Gain, Net

Foreign Currency and Derivative Gain, Net %Chg

Foreign Currency and Derivative Gain, Net Common Size

Gain on Extinguishment of Debt

Gain on Extinguishment of Debt %Chg

Gain on Extinguishment of Debt Common Size

Net Income

Net Income %Chg

Net Income Common Size

Equity in Earnings of Unconsolidated Entities

Equity in Earnings of Unconsolidated Entities %Chg

Equity in Earnings of Unconsolidated Entities Common Size

Other Income, Net

Other Income, Net %Chg

Other Income, Net Common Size

Income Before Income Taxes

Income Before Income Taxes %Chg

Income Before Income Taxes Common Size

Property Revenue

Property Revenue %Chg

Property Revenue Common Size

Service and Other Revenue

Service and Other Revenue %Chg

Service and Other Revenue Common Size

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Total Property Expenses

Total Property Expenses %Chg

Total Property Expenses Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Depreciation & Amortization Expenses

Depreciation & Amortization Expenses %Chg

Depreciation & Amortization Expenses Common Size

Other Operating Expenses

Other Operating Expenses %Chg

Other Operating Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Net Gains on Disposal of Properties

Net Gains on Disposal of Properties %Chg

Net Gains on Disposal of Properties Common Size

Interest and Investment Income

Interest and Investment Income %Chg

Interest and Investment Income Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Property Revenue	1,386.5	1,338.2	1,313.1	1,279.7	1,271.2	1,284.7
Rental
Tenant Reimbursements
Service and Other Revenue	84.1	72.2	67.4	60.6	59.8	54.7
Other
Revenue
Total Revenues	1,470.6	1,410.4	1,380.5	1,340.3	1,330.9	1,339.4
Total Revenues %Chg	10.5%	5.3%	9.5%	24.5%	28.1%	31.4%
Total Revenue
Property Expenses	106.6	107.4	106.7	96.3	92.2	99.9
Property Expenses
Property
Total Property Expenses	106.6	107.4	106.7	96.3	92.2	99.9
Gross Profit	1,363.9	1,303	1,273.8	1,244	1,238.8	1,239.6
Gross Profit Margin	92.7%	92.4%	92.3%	92.8%	93.1%	92.5%
Selling, General & Administrative Expenses	55	49.3	44	49.1	41.9	45.1
General and Administrative
General and Administrative
Depreciation & Amortization Expenses	632	647.8	608.9	606.7	602.3	605.6
Depreciation and Amortization
Depreciation and Amortization
Other Operating Expenses	100.3	143.7	116.9	133.8	105.5	99.2
Provisions for Impairment
Merger, Transaction, and Other Costs, Net
Provisions for Impairment
Operating Profit	576.6	462.1	504	454.4	489	489.7
Operating Margin	39.2%	32.8%	36.5%	33.9%	36.7%	36.6%
Net Gains on Disposal of Properties	49.1	38.6	22.5	25	50.6	25.2
Gain on Sales of Real Estate
Gain on Sales of Real Estate
Interest and Investment Income	3.1	3.3	4.4	2.4	5.1	2
Equity in Earnings of Unconsolidated Entities
Interest Expense	-294.5	-283.8	-268.4	-268.1	-261.3	-246.9
Interest
Interest
Non-Operating Income	7.2	3	4.6	7.8	3.1	6.6
Foreign Currency and Derivative Gain, Net
Gain on Extinguishment of Debt
Other Income, Net
Total Non-Operating Income	-235.1	-239	-236.9	-233	-202.5	-213.1
Income Before Provision for Income Taxes	341.5	223.1	267.1	221.5	286.5	276.6
Income Before Income Taxes
Provision for Income Taxes	23.8	24.1	15.7	20.1	15.4	15.6
Income Taxes
Income Taxes
Income Tax Expense
Consolidated Net Income	317.7	199	251.5	201.4	271.1	261
Net Income
Income from Continuing Operations
Net Income
Net Income Attributable to Minority Interests and Other	1.9	2.1	1.6	1.7	1.6	1.6
Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Preferred Dividends	—	—	—	—	7.7	2.6
Preferred Stock Dividends
Excess of Redemption Value Over Carrying Value of Preferred Shares Redeemed
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—
Income from Discontinued Operations
Gain on Sales of Real Estate from Discontinued Operations
Net Income Attributable to Common Shareholders	631.5	196.9	249.8	199.6	531.3	259.4
Net Income Available to Common Stockholders
Net Income Attributable to the Company
Basic EPS	0.4	0.2	0.3	0.2	0.3	0.3
Diluted EPS	0.4	0.2	0.3	0.2	0.3	0.3
Basic Weighted Average Shares Outstanding	913.9	903	891.7	875.7	870.7	870.3
Total Shares Outstanding	919.9	914.3	903.1	891.5	875.2	870.8
Diluted Weighted Average Shares Outstanding	915.2	903.7	892.4	879.6	872.1	870.7
EBITDA	1,208.6	1,109.9	1,112.9	1,061.1	1,091.4	1,095.3
Effective Tax Rate	7%	10.8%	5.9%	9.1%	5.4%	5.7%