REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.
AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 total revenue reached $1.55B versus $1.41B a year ago, as interest and dividend income on loans and preferred equity investments more than doubled to $88.5M.
Biggest Revenue Drivers
Rental (including reimbursements)$1,426.5M
Properties acquired during 2026 and 2025 added $113.2M of rental revenue; same store rental revenue was $1,194.0M
Interest and dividend income on loans and preferred equity investments$88.5M+$49.0M YoY
Growth in the loan and preferred equity portfolio, which increased approximately $2.8 billion versus the prior-year period due to acquisitions
Biggest Revenue Drivers
Total revenue: $1.55B
Rental (including reimbursements)$1,426.5M
Properties acquired during 2026 and 2025 added $113.2M of rental revenue; same store rental revenue was $1,194.0M
Within Rental (including reimbursements)
Retail$1,114.7M
U.S. $868.4M, U.K. $187.1M, other Europe $59.2M
Industrial$251.5M
U.S. $212.1M, U.K. $15.5M, other Europe $23.9M
Interest and dividend income on loans and preferred equity investments$88.5M+$49.0M YoY
Growth in the loan and preferred equity portfolio, which increased approximately $2.8 billion versus the prior-year period due to acquisitions
Interest income on financing receivables$32.0M-$0.4M YoY
Lower average financing receivable balances outstanding
Largest Expense Items
Depreciation and amortization$644.7M-$3.2M YoY
Accelerated amortization of in-place leases in the prior year for properties leased to clients in bankruptcy, offset by portfolio growth
Interest$312.1M+10.0% YoY
Higher average borrowings of $30.3 billion and higher amortization of note discounts and deferred financing costs
Property (including reimbursements)$112.4M+$3.7M YoY reimbursements, +$1.3M YoY no
Higher reimbursable property taxes and maintenance from portfolio growth; property taxes up $5.9M, offset by lower repairs
General and administrative$57.6M+$8.3M YoY
Higher employee costs as the company continues to invest in its people and platform
Margins: General and administrative expenses rose to 4.0% of revenue excluding reimbursements from 3.7%; property expenses excluding reimbursements held at 1.5%. Diluted AFFO per share rose 3.8% to $1.09.
Watch Items from the Filing
Interest expense rose 10.0% to $312.1M on $30.3B average borrowings at a 3.97% weighted average rate; Net Debt/Annualized Pro Forma Adjusted EBITDAre was 5.4x.
Credit investing is scaling fast: loans receivable reached $3.3B carrying value at an 8.6% weighted average rate, with $46.4M of credit-loss provisions year-to-date.
Commitments include $729.4M under construction contracts, $375.4M of unfunded loan commitments, $243.0M for a joint venture equity interest, and a $135.6M third-party debt guarantee.
No individual client exceeded 10% of total revenue; the top 20 clients represent 34.8% of annualized base rent, with the U.K. at 15.0%.
Occupancy improved to 98.8% from 98.6%, with a 102.7% rent recapture rate on re-leased units and impairments down to $54.2M from $142.3M.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Huskins Priya CherianDirectorGrant or award · May 21, 2026
Jacobson Jeff ADirectorGrant or award · May 21, 2026
Lopez Gerardo IDirectorGrant or award · May 21, 2026
Congress trading in O
11 transactions in O reported by 7 members of Congress under the STOCK Act, most recent trade Sep 24, 2026. Reported transactions, not recommendations.
About REALTY INCOME CORP (O): stock profile, AI score and financials
REALTY INCOME CORP (O) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores O at 76.9/100 on a composite quality score built from its SEC filings, placing it at rank #2 of 148 stocks — the top 5% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), REALTY INCOME CORP reports quarterly revenue of $1.5B, net income of $370.5M, an operating margin of 25.6%. Top institutional holders of O by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. O trades on the NYSE exchange and files with the SEC under CIK 726728. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate O daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for REALTY INCOME CORP directly from SEC EDGAR.