Realty Income Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Realty Income Corporation (O). It shows which part of the business is growing — and which one is holding it back.
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|---|
| Total in-place leases | – | 17,009 | 17,426 | 17,440 | 17,459 +2.6% |
| Total properties | 15,606 | 15,542 | 15,571 | 15,588 -0.1% | 15,536 +0.0% |
| Single-tenant properties | – | 15,205 | 15,206 | 15,218 | 15,155 -0.3% |
| Total clients | – | 1,647 | 1,786 | 1,798 | 1,842 +11.8% |
| Consecutive monthly dividends | – | 664 | 670 | 673 | 676 +1.8% |
| Properties available for lease | – | 204 | 172 | 188 | 182 -10.8% |
| Properties sold in the quarter | 73 | 140 | 97 | 80 +9.6% | 182 +30.0% |
| Portfolio occupancy rate | – | 98.7% | 98.9% | 98.8% | 98.8% +0.1% |
| Investment grade clients share of annualized base rent | – | 31.5% | 32.0% | 34.3% | 34.9% +10.8% |
| Top 20 clients share of annualized base rent | – | 36.2% | 35.3% | 34.8% | 34.3% -5.2% |
| Properties invested in during the quarter | – | 123 | 194 | 144 | – |
| Total portfolio annualized base rent | – | $5.22B | $5.23B | $5.28B | – |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
Data as of: November 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.