REALTY INCOME CORP FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $5.7B |
| Gross margin | — not reported |
| Operating income | — not reported |
| Net income | $1.1B |
| Diluted EPS | $1.17 |
| Cash & equivalents | $434.8M |
| Total assets | $72.8B |
| Long-term debt | — not reported |
Key takeaway
Realty Income posted $5.75 billion in revenue and $1.06 billion in net income for 2025, supported by lease income of $5.44 billion across its single-tenant net lease portfolio.
🔒 4 more takeaways in the full analysis
Beneath the surface
Total debt (notes payable of $25.03 billion, loans payable of $1.70 billion, and commercial paper of $516.8 million) sums to roughly $27.25 billion versus only $434.8 million cash, implying a very large net debt position of about $26.8 billion that the headline cash figure alone doesn't convey.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for O.
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