Realty Income (O) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the prior quarter and rose significantly compared to the same quarter last year. The growth reflects continued positive momentum in the company's operations.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the prior quarter and rose significantly compared to the same quarter last year. The growth reflects continued positive momentum in the company's operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+7.9%
Change from the immediately preceding quarter.
Year-over-year
+25.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $837.3M | +70.9% |
| Dec 31, 2022 | $888.7M | +29.7% |
| Mar 31, 2023 | $944.4M | +17.0% |
| Jun 30, 2023 | $1B | +25.8% |
Revenue performance
The reported revenue shows a clear upward trajectory, building on the gains from previous quarters. The growth rate remains robust, indicating sustained operational strength.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. On a year-over-year basis when measured against the same quarter one year earlier, revenue also posted a substantial increase.
What to watch
Monitor whether the revenue growth momentum can be sustained in the coming quarters.