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ONYSESEC filerUS GAAPReal Estate Investment TrustsFiscal year ends December 31Reports in USD (US Dollar)
Partial analysis for real estate investment trusts
FY2025 · ended Dec 31, 2025
Normalization v8 · calculations ratios_v2 · data version 2 · report generated Oct 7, 2026. Source: SEC EDGAR XBRL company facts.
Select a figure to see its source filing and exact value.
| Ratio | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | |||||||||||||||
| Revenue growth | —not available | —not available | —not available | —not available | —not available | ||||||||||
| Net income growth | |||||||||||||||
| Diluted EPS growth | —not available | —not available | —not available | —not available | —not available | ||||||||||
| Revenue CAGR (3 yr) | —not available | —not available | —not available | —not available | —not available | —not available | —not available | ||||||||
| Revenue CAGR (5 yr) | —not available | —not available | —not available | —not available | —not available | —not available | —not available | —not available | —not available | ||||||
| Profitability | |||||||||||||||
| Net margin | —not available | —not available | —not available | —not available | |||||||||||
| Balance sheet | |||||||||||||||
| Debt / equity | —not available | —not available | —not available | —not available | —not available | —not available | |||||||||
| Working capital & shares | |||||||||||||||
| Diluted share count change | |||||||||||||||
Select a ratio to see its formula, the exact inputs and periods used, and their source filings. — means an input is missing or the ratio is not meaningful (e.g. a negative denominator).
Real estate investment trusts. Each metric below is shown only where SEC XBRL data supports it with a verified definition; otherwise the reason is stated. Latest fiscal year; ratio history is in the Ratios table above.
| Metric | Status | Value | Definition or reason |
|---|---|---|---|
| Funds from operations (FFO)reported by the company | Not available | — | Not available: REITs disclose FFO, a non-GAAP measure, in the MD&A text of their filings and in earnings releases, not as tagged XBRL data (checked in the latest 10-Ks of Realty Income, Prologis, Simon, Public Storage, Welltower and American Tower). FinLens does not compute FFO from net income and depreciation, because company definitions differ. |
| Adjusted FFO (AFFO)reported by the company | Not available | — | Not available: AFFO is company-defined, non-GAAP and not tagged in XBRL; definitions are not interchangeable between REITs. |
| Line item | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | r (restated) | r (restated) | |||||||||
| Interest expense | r (restated) | r (restated) | |||||||||||||
| Income before taxes | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | |||||||
| Income tax expense | r (restated) | r (restated) | |||||||||||||
| Net income | |||||||||||||||
| Diluted EPS | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | |||||||||||
| Diluted weighted-average shares |
Select any figure for its source filing and exact value. d derived by FinSavoir (e.g. Q4 = fiscal year − nine months) · r restated in a later filing · s adjusted for a stock split · — not reported for that period · withheld = failed a data-quality check.
| Line item | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | —not reported for this period | —not reported for this period | — |
| Line item | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow |
Mechanical forecasts of reported revenue from REALTY INCOME CORP's own SEC filings. Each was recorded in FinSavoir's prediction ledger when it was issued and is never edited; it will be scored when the company reports the period. They say nothing about business prospects beyond the past pattern of revenue.
Each forecast in the chart is listed below with a link to its ledger record.
| Target | Model | Forecast | 80% prediction interval | vs “same as last year” | Ledger record |
|---|---|---|---|---|---|
| FY20261 year ahead · ends Dec 31, 2026 | Same as last yearReference (benchmark) | $5.75B | Not shown: no evaluated error range | — | Record |
| Straight-line trend (legacy)Benchmark | $5.73B | Not shown: no evaluated error range | −0.4% | Record | |
| Damped trend (exponential smoothing)Challenger (not promoted) | $5.46B | Not shown: no evaluated error range |
naive_last_v1). Next year's revenue equals the latest year's.0d6c6fe0-fb89-4b20-b591-1c8b5a76f312 in the ledger. It will be compared with the revenue first reported for FY2026, and with any later restatement.Every forecast FinSavoir issued for this company, newest first (the latest 19 of 19 are listed; each links to its full ledger record). A forecast is scored against the revenue first reported in the company's filing for that period, once that filing exists; a period ending is not enough. Superseded forecasts (replaced by a newer one for the same period and model) are kept unchanged and still scored.
How the models were evaluated, and results across all companies →
No data-quality warnings for this company.
Annual figure restated; quarters not re-reported · Operating cash flow
Operating cash flow: the four quarters add up to the fiscal year as first reported (804,045,000); the annual figure was later restated to 799,863,000 and the quarters were not re-reported.
TTM Q4 FY2016
Restated in a later filing · Depreciation & amortization · 16 periods
Restated in a later filing in 16 periods. Example: Depreciation & amortization was restated from 90,519,000 to 89,902,000.
FY2009, Q2 FY2010, Q3 FY2010, FY2010, Q1 FY2011, Q2 FY2011, Q3 FY2011, FY2011, Q1 FY2012, Q2 FY2012, Q3 FY2012, FY2012, Q1 FY2013, Q2 FY2013, Q3 FY2013, FY2013
Restated in a later filing · Income tax expense · 5 periods
Restated in a later filing in 5 periods. Example: Income tax expense was restated from 1,430,000 to 1,061,000.
FY2012, Q1 FY2013, Q2 FY2013, Q3 FY2013, FY2013
Restated in a later filing · Interest expense · 5 periods
Restated in a later filing in 5 periods. Example: Interest expense was restated from 122,542,000 to 123,143,000.
FY2012, Q1 FY2013, Q2 FY2013, Q3 FY2013, FY2013
Restated in a later filing · Net income · 2 periods
Restated in a later filing in 2 periods. Example: Net income was restated from 71,804,000 to 73,217,000.
Q1 FY2013, Q2 FY2013
Restated in a later filing · Operating cash flow · 3 periods
Restated in a later filing in 3 periods. Example: Operating cash flow was restated from 692,303,000 to 693,567,000.
FY2015, FY2016, Q1 FY2017
Restated in a later filing · Revenue · 10 periods
Restated in a later filing in 10 periods. Example: Revenue was restated from 325,245,000 to 322,550,000.
FY2009, Q2 FY2010, Q3 FY2010, FY2010, Q1 FY2011, FY2019, FY2020, Q1 FY2021, Q2 FY2021, Q3 FY2021
Restated in a later filing · Total assets · 2 periods
Restated in a later filing in 2 periods. Example: Total assets was restated from 5,443,363,000 to 5,429,348,000.
FY2012, FY2015
Restated in a later filing · Total liabilities · 2 periods
Restated in a later filing in 2 periods. Example: Total liabilities was restated from 3,030,569,000 to 3,016,554,000.
FY2012, FY2015
Restated in a later filing · Total liabilities & equity · 2 periods
Restated in a later filing in 2 periods. Example: Total liabilities & equity was restated from 5,443,363,000 to 5,429,348,000.
FY2012, FY2015
Secondary-currency figures ignored
Facts in ['EUR'] ignored; reporting currency is USD.
Total debt not shown: borrowing lines may overlap · Total debt · 50 periods
Total debt not shown: borrowing lines may overlap in 50 periods. Example: Only some borrowings are tagged (no long-term debt), so a total would understate debt; not shown.
FY2009, Q2 FY2010, Q3 FY2010, FY2010, Q1 FY2011, Q2 FY2011, Q3 FY2011, Q1 FY2012, Q2 FY2012, Q3 FY2012, Q1 FY2013, Q2 FY2013, Q3 FY2013, Q2 FY2017, Q3 FY2017, FY2017, Q1 FY2018, Q2 FY2018, Q3 FY2018, FY2018, Q1 FY2019, Q2 FY2019, Q3 FY2019, FY2019, Q1 FY2020, Q2 FY2020, Q3 FY2020, FY2020, Q1 FY2021, Q2 FY2021, Q3 FY2021, FY2021, Q1 FY2022, Q2 FY2022, Q3 FY2022, FY2022, Q1 FY2023, Q2 FY2023, Q3 FY2023, FY2023, Q1 FY2024, Q2 FY2024, Q3 FY2024, FY2024, Q1 FY2025, Q2 FY2025, Q3 FY2025, FY2025, Q1 FY2026, Q2 FY2026
Latest annual report
10-K · fiscal year ended Dec 31, 2025 · filed Feb 25, 2026
| Return on equity |
|---|
| Return on assets |
|---|
| Effective tax rate | —not available | —not available | —not available | —not available | —not available | —not available | —not available | —not available |
|---|
| —not available |
| —not available |
| Debt / assets | —not available | —not available | —not available | —not available | —not available | —not available | —not available | —not available | —not available |
|---|
| Liabilities / assets |
|---|
| Equity / assets |
|---|
| —not reported for this period |
| —not reported for this period |
| —not reported for this period |
| —not reported for this period |
| Short-term investments | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period |
|---|
| Loans, net of allowance | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period |
|---|
| Real estate investments, net |
|---|
| Total assets | r (restated) | r (restated) |
|---|
| Total debt | d (derived: long term debt total) | d (derived: long term debt total) | d (derived: long term debt total) | d (derived: long term debt total) | d (derived: long term debt total) | d (derived: long term debt total) | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period | —not reported for this period |
|---|
| Total liabilities | r (restated) | r (restated) |
|---|
| Shareholders' equity |
|---|
Select any figure for its source filing and exact value. d derived by FinSavoir (e.g. Q4 = fiscal year − nine months) · r restated in a later filing · s adjusted for a stock split · — not reported for that period · withheld = failed a data-quality check.
| r (restated) |
| r (restated) |
| Depreciation & amortization | r (restated) | r (restated) | r (restated) |
|---|
| Dividends paid |
|---|
Select any figure for its source filing and exact value. d derived by FinSavoir (e.g. Q4 = fiscal year − nine months) · r restated in a later filing · s adjusted for a stock split · — not reported for that period · withheld = failed a data-quality check.
| −5.0% |
| Record |
| Average growth (drift)Challenger (not promoted) | $6.89B | Not shown: no evaluated error range | +19.8% | Record |
| Damped recent growthChallenger (not promoted) | $5.88B | Not shown: no evaluated error range | +2.3% | Record |
| FY20272 years ahead · ends Dec 31, 2027 | Same as last yearReference (benchmark) | $5.75B | Not shown: no evaluated error range | — | Record |
|---|---|---|---|---|---|
| Straight-line trend (legacy)Benchmark | $6.27B | Not shown: no evaluated error range | +9.1% | Record | |
| Damped trend (exponential smoothing)Challenger (not promoted) | $5.74B | Not shown: no evaluated error range | −0.2% | Record | |
| Average growth (drift)Challenger (not promoted) | $8.25B | Not shown: no evaluated error range | +43.5% | Record | |
| Damped recent growthChallenger (not promoted) | $6.01B | Not shown: no evaluated error range | +4.6% | Record |
Each forecast in the chart is listed below with a link to its ledger record.
| Target | Model | Forecast | 80% prediction interval | vs “same as last quarter” | Ledger record |
|---|---|---|---|---|---|
| Q4 FY20262 quarters ahead · ends Dec 31, 2026 | Same as last quarterReference (benchmark) | $1.55B | Not shown: no evaluated error range | — | Record |
| Same quarter last year × trailing growthChallenger (not promoted) | $1.65B | Not shown: no evaluated error range | +6.6% | Record | |
| Same quarter last yearChallenger (not promoted) | $1.49B | Not shown: no evaluated error range | −3.9% | Record | |
| Q1 FY20273 quarters ahead · ends Mar 31, 2027 | Same as last quarterReference (benchmark) | $1.55B | Not shown: no evaluated error range | — | Record |
| Same quarter last year × trailing growthChallenger (not promoted) | $1.72B | Not shown: no evaluated error range | +10.9% | Record | |
| Same quarter last yearChallenger (not promoted) | $1.55B | Not shown: no evaluated error range | +0.1% | Record | |
| Q2 FY20274 quarters ahead · ends Jun 30, 2027 | Same as last quarterReference (benchmark) | $1.55B | Not shown: no evaluated error range | — | Record |
| Same quarter last year × trailing growthChallenger (not promoted) | $1.72B | Not shown: no evaluated error range | +10.9% | Record | |
| Same quarter last yearChallenger (not promoted) | $1.55B | Not shown: no evaluated error range | 0.0% | Record |
naive_last_q_v1). Every future quarter equals the latest quarter.60719371-65e3-4665-9677-2e354fe44734 in the ledger. It will be compared with the revenue first reported for Q4 FY2026, and with any later restatement.| Q2 FY2027 |
| Same quarter last year × trailing growth |
| $1.72B |
| Awaiting period end |
| — |
| — |
| — |
| Record |
| Sep 30, 2026 | Q1 FY2027 | Same as last quarter | $1.55B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | Q1 FY2027 | Same quarter last year | $1.55B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | Q1 FY2027 | Same quarter last year × trailing growth | $1.72B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | Q4 FY2026 | Same as last quarter | $1.55B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | Q4 FY2026 | Same quarter last year | $1.49B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | Q4 FY2026 | Same quarter last year × trailing growth | $1.65B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2027 | Same as last year | $5.75B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2027 | Straight-line trend (legacy) | $6.27B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2027 | Average growth (drift) | $8.25B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2027 | Damped recent growth | $6.01B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2027 | Damped trend (exponential smoothing) | $5.74B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2026 | Damped recent growth | $5.88B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2026 | Same as last year | $5.75B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2026 | Straight-line trend (legacy) | $5.73B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2026 | Average growth (drift) | $6.89B | Awaiting period end | — | — | — | Record |
| Sep 30, 2026 | FY2026 | Damped trend (exponential smoothing) | $5.46B | Awaiting period end | — | — | — | Record |