REALTY INCOME CORP

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

O$59.50+0.8%Stored close · as of Nov 9, 2026

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Contents

Index to Form 10-K

December 31, 2025

PART I	Page
	Item 1:	Business	2
	Item 1A:	Risk Factors	9
	Item 1B:	Unresolved Staff Comments	25
	Item 1C:	Cybersecurity	25
	Item 2:	Properties	25
	Item 3:	Legal Proceedings	26
	Item 4:	Mine Safety Disclosures	26
PART II
	Item 5:	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	27
	Item 6:	[Reserved]	28
	Item 7:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	29
	Item 7A:	Quantitative and Qualitative Disclosures About Market Risk	49
	Item 8:	Financial Statements and Supplementary Data	51
	Item 9:	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	96
	Item 9A:	Controls and Procedures	96
	Item 9B:	Other Information	97
	Item 9C:	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	97
PART III
	Item 10:	Directors, Executive Officers and Corporate Governance	97
	Item 11:	Executive Compensation	97
	Item 12:	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	97
	Item 13:	Certain Relationships and Related Transactions, and Director Independence	97
	Item 14:	Principal Accounting Fees and Services	97
PART IV
	Item 15:	Exhibits and Financial Statement Schedules	98
SIGNATURES		105

PART I

ContentsView on SEC.gov

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About this filing

Table of Contents