Realty Income (O) Revenue — Quarter Ended Jun 30, 2025
Revenue for the quarter increased from the prior quarter and from the same quarter last year. The growth pace moderated compared to the rapid gains seen in recent periods.
Key takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue for the quarter increased from the prior quarter and from the same quarter last year. The growth pace moderated compared to the rapid gains seen in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.2%
Change from the immediately preceding quarter.
Year-over-year
+5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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, 2024 | $1.3B | +28.1% |
| Dec 31, 2024 | $1.3B | +24.5% |
| Mar 31, 2025 | $1.4B | +9.5% |
| Jun 30, 2025 | $1.4B | +5.3% |
Revenue performance
The reported revenue reflects continued expansion, supported by a larger real estate portfolio and higher rental income. Operating performance remains stable.
Quarterly comparison
Sequentially, revenue rose from the immediately preceding quarter, while on a year-over-year basis it also exceeded the level of the same quarter one year earlier. The rate of growth, however, decelerated from the prior quarter's pace.
What to watch
Monitor how the company balances its growing asset base with increasing debt levels and cash reserves.