Realty Income Corporation (O) - Net Assets

Latest as of March 2026: $41.24 Billion USD

Based on the latest financial reports, Realty Income Corporation (O) has net assets worth $41.24 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($74.55 Billion) and total liabilities ($33.32 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. Check O tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	$41.24 Billion
% of Total Assets	55.31%
Annual Growth Rate	15.63%
5-Year Change	59.67%
10-Year Change	491.18%
Growth Volatility	30.53

Realty Income Corporation - Net Assets Trend (1993–2025)

This chart illustrates how Realty Income Corporation's net assets have evolved over time, based on quarterly financial data. See O defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Realty Income Corporation (1993–2025)

The table below shows the annual net assets of Realty Income Corporation from 1993 to 2025. For live valuation and market cap data, see Realty Income Corporation market capitalisation.

Year	Net Assets	Change
2025-12-31	$40.12 Billion	+2.75%
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 1052798400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	$49.86 Billion	126.43%
Other Comprehensive Income	$105.02 Million	0.27%
Total Equity	$39.44 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
Elite Material Co Ltd TW:2383	$57.80 Billion
DSV Panalpina A/S CO:DSV	$58.13 Billion
MEITUAN UNSP.ADR/2B F:9MDA	$58.22 Billion
Dominion Energy Inc NYSE:D	$58.27 Billion
Imperial Oil Ltd TO:IMO	$57.69 Billion
MPLX LP NYSE:MPLX	$56.92 Billion
Fubon Financial Holding Co Ltd TW:2881	$56.83 Billion
WW Grainger Inc NYSE:GWW	$56.83 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 2024 to 2025, total equity changed from 38,840,738,000 to 39,438,695,000, a change of 597,957,000 (1.5%).
Net income of 1,058,600,000 contributed positively to equity growth.
Dividend payments of 2,920,895,000 reduced retained earnings.
Share repurchases of 2,364,144,000 reduced equity.
New share issuances of 2,364,144,000 increased equity.
Other comprehensive income increased equity by 66,790,000.
Other factors increased equity by 2,393,462,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	$1.06 Billion	+2.68%
Dividends Paid	$2.92 Billion	-7.41%
Share Repurchases	$2.36 Billion	-5.99%
Share Issuances	$2.36 Billion	+5.99%
Other Comprehensive Income	$66.79 Million	+0.17%
Other Changes	$2.39 Billion	+6.07%
Total Change	$-	1.54%

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: 1.43x
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 6.43x to 1.43x 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	$62.17	x
1994-12-31	$8.59	$62.17	x
1995-12-31	$9.64	$62.17	x
1996-12-31	$8.14	$62.17	x
1997-12-31	$9.21	$62.17	x
1998-12-31	$8.45	$62.17	x
1999-12-31	$9.93	$62.17	x
2000-12-31	$9.61	$62.17	x
2001-12-31	$11.88	$62.17	x
2002-12-31	$10.63	$62.17	x
2003-12-31	$11.62	$62.17	x
2004-12-31	$11.63	$62.17	x
2005-12-31	$12.33	$62.17	x
2006-12-31	$17.53	$62.17	x
2007-12-31	$15.33	$62.17	x
2008-12-31	$15.36	$62.17	x
2009-12-31	$14.37	$62.17	x
2010-12-31	$17.43	$62.17	x
2011-12-31	$17.87	$62.17	x
2012-12-31	$18.16	$62.17	x
2013-12-31	$28.08	$62.17	x
2014-12-31	$25.66	$62.17	x
2015-12-31	$27.65	$62.17	x
2016-12-31	$26.47	$62.17	x
2017-12-31	$26.91	$62.17	x
2018-12-31	$27.90	$62.17	x
2019-12-31	$30.92	$62.17	x
2020-12-31	$31.90	$62.17	x
2021-12-31	$60.40	$62.17	x
2022-12-31	$46.90	$62.17	x
2023-12-31	$47.77	$62.17	x
2024-12-31	$44.30	$62.17	x
2025-12-31	$43.59	$62.17	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): 2.68%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.41%
• Asset Turnover: 0.08x
• Equity Multiplier: 1.85x
Recent ROE (2.68%) is below the historical average (6.52%), 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	3.59%	24.01%	0.08x	1.88x	$-706.29 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	2.63%	21.39%	0.07x	1.75x	$-2.44 Billion
2024	2.22%	16.33%	0.08x	1.77x	$-3.02 Billion
2025	2.68%	18.41%	0.08x	1.85x	$-2.89 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: $997,120,800
Average return on equity (ROE) among peers: 12.67%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Realty Income Corporation (O)	$41.24 Billion	7.68%	0.81x	$57.74 Billion
Agree Realty Corporation (ADC)	$292.22 Million	6.73%	0.58x	$8.98 Billion
Acadia Realty Trust (AKR)	$2.18 Billion	3.34%	0.83x	$2.90 Billion
Alexander & Baldwin Holdings Inc (ALEX)	$1.10 Billion	0.51%	0.86x	$1.52 Billion
Alexanders Inc (ALX)	$13.60 Million	55.15%	16.29x	$1.26 Billion
Saul Centers Inc (BFS)	$393.10 Million	12.28%	2.62x	$898.50 Million
Brixmor Property (BRX)	$2.72 Billion	9.94%	2.08x	$9.16 Billion
CBL & Associates Properties Inc (CBL)	$312.86 Million	18.85%	7.78x	$993.50 Million
Curbline Properties Corp. (CURB)	$862.64 Million	3.60%	0.07x	$2.95 Billion
Essential Properties Realty Trust Inc (EPRT)	$1.58 Billion	2.67%	0.57x	$6.57 Billion
Four Corners Property Trust Inc (FCPT)	$522.27 Million	13.67%	1.05x	$2.73 Billion

About Realty Income Corporation

NYSE:O USA REIT - Retail

Market Cap

$57.97 Billion

Market Cap Rank

#470 Global

#242 in USA

Share Price

$62.17

Change (1 day)

+0.05%

52-Week Range

$55.93 - $67.56

All Time High

$67.56