Last 48 quarters of trend data · Real Estate · REIT - Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Realty Income Corporation's quarterly P/E stands at 46.3x, down 10.5% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 51.49 | 46.35 | 44.04 | 43.42 | 65.47 | 51.79 | 58.05 | 52.85 | 45.53 | 84.53 | 47.85 | 37.83 | 51.54 |
| — | -10.5% | -24.1% | -17.8% | +43.8% | -38.7% | +21.3% | +39.7% | -11.7% | +81.6% | +8.6% | -6.4% | +11.8% | |
| P/S Ratio | 9.77 | 8.94 | 8.57 | 9.46 | 9.23 | 9.37 | 8.76 | 10.39 | 8.58 | 8.96 | 9.69 | 8.53 | 9.89 |
| — | -4.7% | -2.2% | -9.0% | +7.5% | +4.6% | -9.6% | +21.9% | -13.2% | -19.1% | -14.5% | -20.6% | -22.0% | |
| P/B Ratio | 1.36 | 1.34 | 1.27 | 1.42 | 1.32 | 1.32 | 1.20 | 1.43 | 1.18 | 1.15 | 1.26 | 1.11 | 1.29 |
| — | +1.8% | +5.7% | -0.9% | +11.9% | +14.8% | -4.6% | +28.4% | -8.3% | -19.3% | -9.8% | -16.8% | -17.2% | |
| P/FCF | 14.06 | 16.32 | 10.60 | 14.75 | 12.27 | 16.43 | 12.55 | 17.11 | 12.24 | 14.69 | 14.12 | 12.40 | 14.02 |
| — | -0.7% | -15.6% | -13.8% | +0.2% | +11.9% | -11.1% | +38.0% | -12.7% | +0.7% | -15.8% | -11.7% | -0.8% | |
| EV / EBITDA | 21.61 | 15.87 | 67.07 | 16.10 | 16.00 | 16.06 | 15.34 | 17.04 | 15.09 | 15.57 | 16.60 | 15.02 | 16.95 |
| — | -1.2% | +337.4% | -5.5% | +6.0% | +3.1% | -7.6% | +13.5% | -11.0% | -14.3% | -11.6% | -14.3% | -14.4% | |
| EV / EBIT | 54.45 | 33.68 | 84.47 | 61.58 | 40.06 | 37.25 | 37.86 | 37.67 | 34.52 | 45.24 | 34.86 | 31.75 | 38.79 |
| — | -9.6% | +123.1% | +63.5% | +16.1% | -17.7% | +8.6% | +18.6% | -11.0% | +20.1% | -27.0% | -12.8% | -7.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Realty Income Corporation's operating margin was 46.9% in Q1 2026, up 65.2 pp QoQ and up 1.9 pp YoY. The trailing four-quarter average of 29.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 88.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.8% | 11.1% | 82.1% | 92.7% | 92.4% | 92.3% | 92.8% | 93.1% | 92.5% | 92.9% | 92.4% | 93.2% | 90.7% |
| — | -88.0% | -11.5% | -0.4% | -0.2% | -0.7% | +0.5% | -0.1% | +2.0% | +0.3% | +0.2% | -0.6% | -3.0% | |
| Operating Margin | 28.3% | 46.9% | -18.3% | 45.8% | 42.9% | 45.0% | 43.9% | 44.7% | 43.3% | 43.6% | 44.6% | 42.1% | 40.8% |
| — | +4.2% | -141.7% | +2.6% | -0.9% | +3.2% | -1.7% | +6.2% | +6.2% | +5.7% | +15.4% | +6.2% | +5.0% | |
| Net Margin | 18.4% | 20.1% | 19.9% | 21.5% | 14.0% | 18.1% | 14.9% | 20.2% | 19.4% | 10.5% | 20.3% | 22.5% | 19.2% |
| — | +11.2% | +33.6% | +6.0% | -27.9% | +72.4% | -26.6% | -9.9% | +1.0% | -56.0% | -20.7% | -14.3% | -30.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.7% | 0.8% | 0.7% | 0.8% | 0.5% | 0.6% | 0.5% | 0.7% | 0.7% | 0.4% | 0.7% | 0.7% | 0.6% |
| — | +20.1% | +45.2% | +15.6% | -24.4% | +74.7% | -23.6% | -6.1% | +3.0% | -52.7% | -17.6% | -10.3% | -25.0% | |
| ROA | 1.5% | 0.4% | 0.4% | 0.4% | 0.3% | 0.4% | 0.3% | 0.4% | 0.4% | 0.2% | 0.4% | 0.4% | 0.4% |
| — | +17.4% | +41.3% | +12.1% | -26.7% | +71.8% | -24.7% | -7.6% | +2.3% | -53.0% | -18.8% | -11.6% | -25.8% | |
| ROIC | 1.8% | 0.8% | -0.3% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.6% | 0.6% |
| — | +6.6% | -143.0% | +8.5% | +0.5% | +2.4% | +0.8% | +8.9% | +7.9% | +13.3% | +18.3% | +9.7% | +11.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Realty Income Corporation's Debt/EBITDA ratio is 22.9x, down from 105.7x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.82 | 0.75 | 0.82 | 0.74 | 0.73 | 0.70 | 0.69 | 0.69 | 0.67 | 0.66 | 0.66 | 0.66 | 0.64 |
| — | +7.5% | +19.5% | +6.8% | +9.8% | +6.6% | +3.2% | +4.9% | +4.0% | -0.1% | +3.0% | +5.0% | +3.1% | |
| Debt / EBITDA | 8.01 | 22.94 | 105.65 | 22.13 | 23.05 | 22.40 | 22.39 | 22.27 | 21.93 | 22.89 | 22.99 | 22.43 | 22.65 |
| — | +2.4% | +371.8% | -0.7% | +5.1% | -2.2% | -2.6% | -0.7% | -3.2% | -0.6% | -3.3% | +0.1% | -0.2% | |
| Current Ratio | 0.51 | — | 0.51 | 1.55 | 1.79 | 1.45 | 1.68 | 2.13 | 1.51 | 1.55 | 1.53 | 1.49 | 1.28 |
| — | — | -69.5% | -27.6% | +18.6% | -6.8% | +9.3% | +43.4% | +17.3% | +71.1% | +202.4% | +149.2% | +73.2% | |
| Quick Ratio | 0.51 | — | 0.51 | 1.55 | 1.79 | 1.45 | 1.68 | 2.13 | 1.51 | 1.52 | 1.52 | 1.48 | 1.28 |
| — | — | -69.5% | -27.6% | +18.6% | -4.7% | +10.5% | +44.4% | +18.1% | +69.4% | +204.2% | +150.3% | +80.5% | |
| Interest Coverage | — | 2.19 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Realty Income Corporation's current P/E is 51.5x. The average P/E over the last 4 quarters is 49.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Realty Income Corporation's current operating margin is 28.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Realty Income Corporation's business trajectory between earnings reports.