REALTY INCOME CORP

For the period ended Sep 30, 2026. Filed Nov 3, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 3, 2026

O$59.54+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Cash Flows

	Nine months ended September 30,
	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$1,123,588	$768,147
Adjustments to net income:
Depreciation and amortization	1,922,507	1,888,765
Amortization of share-based compensation	27,112	21,728
Non-cash revenue adjustments	(81,273)	(85,437)
Amortization of net debt discounts and deferred financing costs	54,731	24,051
Foreign currency and unrealized derivative gain, net	(41,107)	(26,248)
Non-cash interest rate swaps	(3,513)	1,968
Payment-in-kind interest	(25,684)	—
Gain on sales of real estate	(187,767)	(110,210)
Equity in earnings of unconsolidated entities	(7,800)	(10,706)
Distributions on common equity from unconsolidated entities	18,706	30,433
Provisions for impairment of real estate	255,995	315,063
Provisions for credit losses on loans and financing receivables	60,573	31,861
Deferred income tax expense	1,718	4,138
Change in assets and liabilities
Accounts receivable and other assets	(242,465)	(130,872)
Accounts payable, accrued expenses and other liabilities	70,239	68,639
Net cash provided by operating activities	2,945,560	2,791,320
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in real estate	(5,580,100)	(3,086,544)
Improvements to real estate, including leasing costs	(122,288)	(82,365)
Investment in unconsolidated entities	(367,179)	(23,601)
Investment in loans and preferred equity	(1,921,900)	(807,433)
Proceeds from sales of real estate	875,227	424,206
Proceeds from loans and financing receivables	118,220	22,914
Insurance proceeds received	845	3,072
Non-refundable escrow deposits	(7,800)	200
Net cash used in investing activities	(7,004,975)	(3,549,551)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash distributions to common stockholders	(2,283,316)	(2,177,133)
Borrowings on revolving credit facilities and commercial paper programs	103,470,417	13,513,413
Payments on revolving credit facilities and commercial paper programs	(103,318,848)	(12,881,370)
Proceeds from term loans	1,073,900	—
Principal payments on term loans	—	(800,000)
Proceeds from notes payable issued	3,348,246	2,091,750
Principal payments on notes payable	(1,724,965)	(500,000)
Principal payments on mortgages payable	(1,292)	(44,213)
Repurchases of common stock	(290,631)	—
Proceeds from common stock offerings, net	1,284,300	1,561,854
Proceeds from dividend reinvestment and stock purchase plan	9,201	8,845
Distributions to noncontrolling interests	(53,276)	(8,992)
Contributions from noncontrolling interests, net of costs	2,743,492	—
Debt issuance costs	(88,380)	(65,195)
Purchase of capped calls	(33,200)	—
Other financing activities, net	(19,265)	(9,672)
Net cash provided by financing activities	4,116,383	689,287
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(1,530)	16,577
Net increase (decrease) in cash, cash equivalents, and restricted cash	55,438	(52,367)
Cash, cash equivalents, and restricted cash, beginning of period	520,756	495,506
Cash, cash equivalents, and restricted cash, end of period	$576,194	$443,139

For supplemental disclosures, seenote 16, Supplemental Disclosures of Cash Flow Information.

-7-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.