Revenue Growth Driven by Portfolio Expansion
Total revenue grew 12.2% year-over-year to $1,548.7M in Q1 2026 from $1,380.5M in Q1 2025, reflecting Realty Income's ongoing acquisition activity and lease escalations across its net-lease portfolio.
REALTY INCOME CORP is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Realty Income (O) delivered solid Q1 2026 results with revenue up 12.2% YoY to $1.55B and operating cash flow growing 11.0% to $874.5M, supported by continued portfolio expansion financed through significant new capital raises.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue grew 12.2% year-over-year to $1,548.7M in Q1 2026 from $1,380.5M in Q1 2025, reflecting Realty Income's ongoing acquisition activity and lease escalations across its net-lease portfolio.
Operating cash flow increased 11.0% YoY to $874.5M, demonstrating the company's ability to convert rental income into cash efficiently, a key metric for a REIT funding its monthly dividend obligations.
Investing cash outflows surged 96.3% YoY to -$2,578.9M, indicating aggressive property acquisitions in Q1 2026, funded largely by a 357.0% increase in financing cash inflows to $1,711.6M, suggesting substantial new debt or equity issuances.
Revenue
$1.55B
++12.19% YoY
EPS (Basic)
$0.33
++17.86% YoY
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