NYSE$O

Realty Income Corp · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Realty Income reported Q2 2025 total revenue of $1.41B with net income attributable to the company of $197M and diluted EPS of $0.22.

Total revenue was $1.41 billion as the net-lease portfolio expanded through acquisitions. Net income attributable to Realty Income was $197 million, or $0.22 per diluted share. AFFO and dividend coverage remain central to the REIT narrative.

  • Q2 total revenue $1.41B.
  • Net income attributable to the company $197M; EPS $0.22.
  • Net-lease acquisitions support growth.
  • Interest rates affect cost of capital.

Headline financials

Total Revenue

$1.41B

Previous: $1.34B+5.3%
EPS (adj)

$0.22

Previous: $0.29-24.1%
Capital Expenditures

-$2.26B

Previous: -$945M-139.6%
Free Cash Flow

-$2.07B

Previous: -$685M-201.6%
Net Income

$197M

Previous: $259M-24.1%
Operating Income

$826M

Previous: $1.1B-24.6%
Gross Profit

$1.3B

Previous: $1.24B+5.1%
Cash & Equivalents

$800M

Previous: $443M+80.8%
Total Assets

$71.4B

Previous: $68.1B+4.9%

Revenue & EPS history

Realty Income · Revenue · Quarterly

$1.41B

Q2 2025+5.3%vs Q2 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

REIT and specialty finance outlook focuses on occupancy, spreads, and financing costs.

Tailwinds

  • Portfolio cash flows and dividend coverage.
  • Acquisition or lending pipelines.

Headwinds

  • Interest rates and credit quality.
  • Tenant or borrower stress.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.3%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-1.2%

Avg return

30 days after

38%

25 / 65 earnings

Positive

+6.7%

Q4 2015

Best reaction

-5.1%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-2.5%-4.2%
Q4 2025+0.6%+1.6%-8.8%
Q3 2025-2.9%-2.3%+0.0%
Q2 2025+0.3%+1.3%+4.2%
Q1 2025-0.3%-0.4%-1.9%
Q4 2024-1.9%-0.5%-2.0%
Q3 2024-0.1%-2.3%-4.6%
Q2 2024+1.9%+2.1%+5.7%
Q1 2024-0.4%-0.5%-2.2%
Q4 2023+0.7%+1.2%+0.3%
Q3 2023-0.3%-1.6%+7.6%
Q2 2023-3.2%-1.1%-7.5%
Q1 2023+0.9%+2.2%-2.8%
Q4 2022-0.9%-1.7%-10.4%
Q3 2022-0.9%+1.5%+1.1%
Q2 2022-0.5%+0.6%-7.0%
Q1 2022-0.8%-4.6%-0.5%
Q4 2021-2.1%+1.2%+0.2%
Q3 2021+0.8%+0.5%-4.8%
Q2 2021+0.2%+0.5%+3.0%
Q1 2021-0.1%-1.5%+2.1%
Q4 2020+2.1%-1.4%+3.5%
Q3 2020+2.4%+0.2%+5.0%
Q2 2020+3.0%+4.4%+5.8%
Q1 2020+0.5%+5.9%+16.2%
Q4 2019+1.9%+2.2%-41.0%
Q3 2019-3.5%-5.9%-6.3%
Q2 2019-0.3%+3.8%+9.2%
Q1 2019+0.3%-0.1%+0.1%
Q4 2018-0.5%-0.7%+3.8%
Q3 2018-0.3%+0.1%+4.4%
Q2 2018+2.0%+3.3%+5.0%
Q1 2018+0.4%+0.6%+1.3%
Q4 2017-0.2%+2.4%-0.1%
Q3 2017-2.8%-1.4%+2.6%
Q2 2017+0.9%-0.6%+1.1%
Q1 2017-1.4%-2.9%-8.2%
Q4 2016+2.2%+2.6%-3.3%
Q3 2016-5.1%-4.9%-9.2%
Q2 2016+0.8%+2.9%-6.2%
Q1 2016-1.4%
Q4 2015+6.7%
Q3 2015-1.3%
Q2 2015+0.4%
Q1 2015-4.2%
Q4 2014+1.2%
Q3 2014+3.0%
Q2 2014-1.3%
Q1 2014-0.6%
Q4 2013+1.3%
Q3 2013-1.6%
Q2 2013-0.3%
Q1 2013+0.8%
Q4 2012-0.2%
Q3 2012-2.8%
Q2 2012-0.9%
Q1 2012-0.5%
Q4 2011-1.0%
Q3 2011-1.9%
Q2 2011-2.5%
Q1 2011-1.3%
Q4 2010-0.2%
Q3 2010-2.4%
Q2 2010-1.6%
Q1 2010-1.2%

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