Realty Income Corporation: Realty Income reported $5.749 billion in FY2025 revenue and $1.059 billion in net income. Sumit Roy has served as CEO since October 2018, and the company owned 15,571 properties at March 31, 2026.
Realty Income Key Facts
| Founded | 1969 |
|---|---|
| Founders | William E. Clark Jr. and Paul E. James |
| Headquarters | San Diego, California |
| CEO | Sumit Roy |
| Revenue | $5.749B (FY2025) |
| Net Income | $1.059B (FY2025) |
| Properties | 15,571 at March 31, 2026 |
Business Model
Realty Income owns single-client commercial properties leased under long-term net lease contracts. Tenants typically handle property taxes, insurance, and maintenance, while Realty Income collects contractual rent and uses public capital markets to fund acquisitions and sale-leaseback transactions.
Acquisition Corrections
The VEREIT merger closed in 2021. The Spirit Realty Capital acquisition closed in January 2024. Sumit Roy became CEO in October 2018, so current leadership predates both transactions.
