Realty Income (O) FY2024 10-K Annual Report
Realty Income (O) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Realty Income FY2024 10-K Analysis
Business Overview
- • Core business: Real estate investment trust (REIT) owning diversified portfolio of income-producing properties across US, UK, and 6 European countries
- • New development: Completed merger with Spirit Realty Capital, adding 108,308 common shares and goodwill increasing to $4.9B in 2024
Management Discussion & Analysis
- • Revenue: Annualized contractual rent $4.97B as of Dec 31, 2024; dividend per share $3.126 in 2024 vs $3.051 in 2023, +2.5%
- • Profitability: Net income $860.8M; operating margin not explicitly stated; debt service coverage ratio 4.7x at Dec 31, 2024
Risk Factors
- • Regulatory risk: potential loss of REIT status under Sections 856-860 of the Code impacting distributions and tax liabilities
- • Macroeconomic risk: exposure to client bankruptcies causing lease defaults and impaired rental income, affecting cash flow and operations
Realty Income FY2024 Key Financial MetricsXBRL
Revenue
$5.3B
▲ +29.2% YoY
Net Income
$861M
▼ -1.3% YoY
Net Margin
16.3%
▼ -506bp YoY
ROE
2.2%
▼ -43bp YoY
Total Assets
$68.8B
▲ +19.1% YoY
EPS (Diluted)
$0.98
▼ -22.2% YoY
Operating Cash Flow
$3.6B
▲ +20.8% YoY
Source: XBRL data from Realty Income FY2024 10-K filing on SEC EDGAR. All figures in USD.
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