Realty Income Corporation
Realty Income Corporation an S&P 500 company is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of September 30, 2025, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and seven other countries in Europe. We are known as The Monthly Dividend Company and have a mission to in… Read more
Realty Income Corporation (O) - Net Assets
Latest net assets as of September 2025: $39.26 Billion USD
Based on the latest financial reports, Realty Income Corporation (O) has net assets worth $39.26 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($71.28 Billion) and total liabilities ($32.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $39.26 Billion |
| % of Total Assets | 55.08% |
| Annual Growth Rate | 16.08% |
| 5-Year Change | 254.44% |
| 10-Year Change | 495.91% |
| Growth Volatility | 30.88 |
Realty Income Corporation - Net Assets Trend (1993–2024)
This chart illustrates how Realty Income Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Realty Income Corporation (1993–2024)
The table below shows the annual net assets of Realty Income Corporation from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $39.05 Billion | +17.96% |
| 2023-12-31 | $33.11 Billion | +14.78% |
| 2022-12-31 | $28.84 Billion | +14.78% |
| 2021-12-31 | $25.13 Billion | +128.08% |
| 2020-12-31 | $11.02 Billion | +12.38% |
| 2019-12-31 | $9.80 Billion | +20.73% |
| 2018-12-31 | $8.12 Billion | +9.88% |
| 2017-12-31 | $7.39 Billion | +8.89% |
| 2016-12-31 | $6.79 Billion | +3.57% |
| 2015-12-31 | $6.55 Billion | +16.17% |
| 2014-12-31 | $5.64 Billion | +4.05% |
| 2013-12-31 | $5.42 Billion | +124.69% |
| 2012-12-31 | $2.41 Billion | +7.00% |
| 2011-12-31 | $2.25 Billion | +22.08% |
| 2010-12-31 | $1.85 Billion | +24.12% |
| 2009-12-31 | $1.49 Billion | -4.29% |
| 2008-12-31 | $1.55 Billion | +1.08% |
| 2007-12-31 | $1.54 Billion | -2.40% |
| 2006-12-31 | $1.58 Billion | +59.32% |
| 2005-12-31 | $989.21 Million | +8.26% |
| 2004-12-31 | $913.74 Million | +10.39% |
| 2003-12-31 | $827.77 Million | +14.58% |
| 2002-12-31 | $722.46 Million | +7.54% |
| 2001-12-31 | $671.79 Million | +30.30% |
| 2000-12-31 | $515.57 Million | -3.60% |
| 1999-12-31 | $534.83 Million | +18.80% |
| 1998-12-31 | $450.21 Million | +3.90% |
| 1997-12-31 | $433.31 Million | +15.79% |
| 1996-12-31 | $374.24 Million | -1.88% |
| 1995-12-31 | $381.42 Million | +12.12% |
| 1994-12-31 | $340.20 Million | -11.46% |
| 1993-12-31 | $384.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Realty Income Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 864855900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $47.45 Billion | 122.17% |
| Other Comprehensive Income | $38.23 Million | 0.10% |
| Total Equity | $38.84 Billion | 100.00% |
Realty Income Corporation Competitors by Market Cap
The table below lists competitors of Realty Income Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VERTIV HOL.CL A DL-0001
F:49V
|
$59.06 Billion |
|
PACCAR Inc
NASDAQ:PCAR
|
$59.45 Billion |
|
TE Connectivity Ltd
NYSE:TEL
|
$60.00 Billion |
|
Robinhood Markets Inc
NASDAQ:HOOD
|
$60.55 Billion |
|
The Southern Company
NASDAQ:SOMN
|
$58.74 Billion |
|
Rheinmetall AG
PINK:RNMBF
|
$58.68 Billion |
|
National Australia Bank Ltd
PINK:NAUBF
|
$58.68 Billion |
|
Canadian National Railway Company
NYSE:CNI
|
$58.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Realty Income Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,941,467,000 to 38,840,738,000, a change of 5,899,271,000 (17.9%).
- Net income of 860,772,000 contributed positively to equity growth.
- Dividend payments of 2,699,482,000 reduced retained earnings.
- Share repurchases of 172,510,000 reduced equity.
- New share issuances of 1,742,810,000 increased equity.
- Other comprehensive income decreased equity by 35,665,000.
- Other factors increased equity by 6,203,346,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $860.77 Million | +2.22% |
| Dividends Paid | $2.70 Billion | -6.95% |
| Share Repurchases | $172.51 Million | -0.44% |
| Share Issuances | $1.74 Billion | +4.49% |
| Other Comprehensive Income | $-35.66 Million | -0.09% |
| Other Changes | $6.20 Billion | +15.97% |
| Total Change | $- | 17.91% |
Book Value vs Market Value Analysis
This analysis compares Realty Income Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.63x to 1.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $9.67 | $64.09 | x |
| 1994-12-31 | $8.59 | $64.09 | x |
| 1995-12-31 | $9.64 | $64.09 | x |
| 1996-12-31 | $8.14 | $64.09 | x |
| 1997-12-31 | $9.21 | $64.09 | x |
| 1998-12-31 | $8.45 | $64.09 | x |
| 1999-12-31 | $9.93 | $64.09 | x |
| 2000-12-31 | $9.61 | $64.09 | x |
| 2001-12-31 | $11.88 | $64.09 | x |
| 2002-12-31 | $10.63 | $64.09 | x |
| 2003-12-31 | $11.62 | $64.09 | x |
| 2004-12-31 | $11.63 | $64.09 | x |
| 2005-12-31 | $12.33 | $64.09 | x |
| 2006-12-31 | $17.53 | $64.09 | x |
| 2007-12-31 | $15.33 | $64.09 | x |
| 2008-12-31 | $15.36 | $64.09 | x |
| 2009-12-31 | $14.37 | $64.09 | x |
| 2010-12-31 | $17.43 | $64.09 | x |
| 2011-12-31 | $17.87 | $64.09 | x |
| 2012-12-31 | $18.16 | $64.09 | x |
| 2013-12-31 | $28.08 | $64.09 | x |
| 2014-12-31 | $25.66 | $64.09 | x |
| 2015-12-31 | $27.65 | $64.09 | x |
| 2016-12-31 | $26.47 | $64.09 | x |
| 2017-12-31 | $26.91 | $64.09 | x |
| 2018-12-31 | $27.90 | $64.09 | x |
| 2019-12-31 | $30.92 | $64.09 | x |
| 2020-12-31 | $31.80 | $64.09 | x |
| 2021-12-31 | $60.40 | $64.09 | x |
| 2022-12-31 | $46.90 | $64.09 | x |
| 2023-12-31 | $47.53 | $64.09 | x |
| 2024-12-31 | $44.30 | $64.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Realty Income Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.33%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.77x
- Recent ROE (2.22%) is below the historical average (6.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 7.68% | 59.81% | 0.13x | 1.01x | $-8.87 Million |
| 1994 | 4.53% | 31.11% | 0.14x | 1.05x | $-18.34 Million |
| 1995 | 6.71% | 49.66% | 0.12x | 1.09x | $-12.54 Million |
| 1996 | 8.61% | 56.57% | 0.13x | 1.21x | $-5.20 Million |
| 1997 | 8.02% | 50.39% | 0.12x | 1.33x | $-8.56 Million |
| 1998 | 9.17% | 49.93% | 0.11x | 1.69x | $-3.72 Million |
| 1999 | 8.65% | 47.25% | 0.11x | 1.69x | $-7.24 Million |
| 2000 | 10.63% | 51.53% | 0.11x | 1.81x | $3.23 Million |
| 2001 | 10.06% | 53.50% | 0.13x | 1.49x | $378.70K |
| 2002 | 10.89% | 61.78% | 0.12x | 1.50x | $6.42 Million |
| 2003 | 10.44% | 60.74% | 0.10x | 1.64x | $3.66 Million |
| 2004 | 9.07% | 48.60% | 0.12x | 1.58x | $-8.52 Million |
| 2005 | 10.02% | 51.28% | 0.10x | 1.94x | $197.60K |
| 2006 | 7.03% | 46.66% | 0.09x | 1.62x | $-46.82 Million |
| 2007 | 9.13% | 47.71% | 0.10x | 2.00x | $-13.40 Million |
| 2008 | 8.48% | 40.56% | 0.11x | 1.93x | $-23.63 Million |
| 2009 | 8.81% | 40.65% | 0.11x | 1.96x | $-17.67 Million |
| 2010 | 7.08% | 39.22% | 0.09x | 1.91x | $-53.91 Million |
| 2011 | 6.96% | 38.08% | 0.09x | 1.96x | $-68.45 Million |
| 2012 | 6.05% | 30.12% | 0.09x | 2.26x | $-95.31 Million |
| 2013 | 4.56% | 31.47% | 0.08x | 1.84x | $-292.98 Million |
| 2014 | 4.82% | 28.99% | 0.08x | 1.96x | $-290.71 Million |
| 2015 | 4.34% | 27.73% | 0.09x | 1.82x | $-369.39 Million |
| 2016 | 4.66% | 28.61% | 0.08x | 1.94x | $-361.11 Million |
| 2017 | 4.32% | 26.22% | 0.09x | 1.91x | $-418.35 Million |
| 2018 | 4.50% | 27.38% | 0.09x | 1.89x | $-445.26 Million |
| 2019 | 4.47% | 29.33% | 0.08x | 1.90x | $-540.96 Million |
| 2020 | 3.60% | 24.01% | 0.08x | 1.89x | $-703.06 Million |
| 2021 | 1.43% | 17.28% | 0.05x | 1.72x | $-2.15 Billion |
| 2022 | 3.03% | 26.00% | 0.07x | 1.73x | $-2.00 Billion |
| 2023 | 2.65% | 21.39% | 0.07x | 1.75x | $-2.42 Billion |
| 2024 | 2.22% | 16.33% | 0.08x | 1.77x | $-3.02 Billion |
Industry Comparison
This section compares Realty Income Corporation's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Realty Income Corporation (O) | $39.26 Billion | 7.68% | 0.82x | $58.83 Billion |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |