O on NYSE

Realty Income Corporation

Logo: Realty Income Corporation, Public domain, via Wikimedia Commons⁵

U.S. real estate investment trust

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.³ Its shares trade on NYSE under the symbol O.¹ Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1969Founded¹

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TickerO on NYSE¹
Industryreal estate investment trust¹
HeadquartersSan Diego¹
Websitewww.realtyincome.com
Legal formcorporation¹
Incorporated inMD⁶
Business address11995 El Camino Real, San Diego, Ca 92130⁶
Filer categoryLarge accelerated filer⁶
LEI549300CUWDAUZSH43859⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressc/o CSC-LAWYERS INCORPORATING SERVICE COMPANY, 21202 Baltimore, United States⁴
Registered withBusiness Services (Maryland Department of Assessments and Taxation), D04646493⁴

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

18.4%Net margin⁹

9.1%Revenue growth, 2025⁹

2.7%Return on equity⁹

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product And Service, Retail brought in 80% of the revenue Realty Income Corporation broke down this way in fiscal 2025.

Product And Service, Retail$4.3B⁹80%up 8% from 2024
Product And Service, Industrial$864.4M⁹16%up 9% from 2024
Product and Service, Other$247.2M⁹5%up 4% from 2024

Products and services by year

Products and services	2023	2024	2025
Product And Service, Retail	$3.2B	$4.0B	$4.3B
Product And Service, Industrial	$559.0M	$795.2M	$864.4M
Product and Service, Other	$205.5M	$238.7M	$247.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costsProfit

Other costs80¢$4.6B
Income tax1¢$85.3M
Profit18¢$1.1B

Out of $5.7B in revenue.⁹

Where each dollar of operating cash went, fiscal 2025

Dividends paidKept or used elsewhere

Dividends paid73¢$2.9B
Kept or used elsewhere27¢$1.1B

Out of $4.0B of cash from operations.⁹

Financial statements

Revenue¹⁰¹¹¹²¹³⁹$5.7B in 2025+286% since 2019

Net income¹⁰¹¹¹²¹³⁹$1.1B in 2025+143% since 2019

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Rental (including reimbursements)	$5.4B	$5.0B	$4.0B
Other	$312.0M	$227.4M	$120.8M
Total revenue	$5.7B	$5.3B	$4.1B
Depreciation and amortization	$2.5B	$2.4B	$1.9B
Interest	$1.1B	$1.0B	$730.4M
Property (including reimbursements)	$428.8M	$377.7M	$317.0M
General and administrative	$202.6M	$176.9M	$144.5M
Provisions for impairment	$471.3M	$425.8M	$87.1M
Merger, transaction, and other costs, net	$24.2M	$96.3M	$14.5M
Total expenses	$4.8B	$4.5B	$3.2B
Gain on sales of real estate	$177.6M	$117.3M	$25.7M
Foreign currency and derivative (loss) gain, net	-$28.7M	$3.4M	-$13.4M
Equity in earnings of unconsolidated entities	$13.3M	$7.8M	$2.5M
Other income, net	$29.4M	$23.6M	$23.8M
Income before income taxes	$1.2B	$933.9M	$928.9M
Income taxes	-$85.3M	-$66.6M	-$52.0M
Net income	$1.1B	$867.3M	$876.9M
Net income attributable to noncontrolling interests	-$11.2M	-$6.6M	-$4.6M
Net income attributable to the Company	$1.1B	$860.8M	$872.3M
Preferred stock dividends	$0	-$7.8M	$0
Excess of redemption value over carrying value of preferred shares redeemed	$0	-$5.1M	$0
Net income available to common stockholders	$1.1B	$847.9M	$872.3M
Net income, basic (in dollars per share)	$1.17	$0.98	$1.26
Net income, diluted (in dollars per share)	$1.17	$0.98	$1.26
Basic (in shares)	907.2M shares	863.0M shares	692.3M shares
Diluted (in shares)	908.3M shares	863.8M shares	693.0M shares
Foreign currency translation adjustment	$91.9M	-$32.9M	$64.3M
Unrealized loss on derivatives, net	-$25.2M	-$2.8M	-$37.3M
Total other comprehensive income (loss)	$66.8M	-$35.7M	$27.1M
Comprehensive income available to common stockholders	$1.1B	$812.2M	$899.4M

Total assets¹⁶¹⁰¹¹¹²¹³⁹$72.8B in 2025+292% since 2019

Total liabilities¹⁶¹⁰¹¹¹²¹³⁹$32.7B in 2025+273% since 2019

Shareholders’ equity¹⁶¹⁰¹¹¹²¹³⁹$39.4B in 2025+303% since 2019

Cash¹⁶¹⁰¹¹¹²¹³⁹$434.8M in 2025+705% since 2019

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Land	$18.4B	$17.3B
Buildings and improvements	$43.8B	$41.0B
Total real estate held for investment, at cost	$62.2B	$58.3B
Less accumulated depreciation and amortization	-$8.8B	-$7.4B
Real estate held for investment, net	$53.4B	$50.9B
Real estate and lease intangibles held for sale, net	$91.8M	$95.0M
Cash and cash equivalents	$434.8M	$445.0M
Accounts receivable, net	$1.1B	$877.7M
Lease intangible assets, net	$5.7B	$6.3B
Goodwill	$4.9B	$4.9B
Investment in unconsolidated entities	$1.3B	$1.2B
Other assets, net	$5.9B	$4.0B
Total assets	$72.8B	$68.8B
Distributions payable	$255.2M	$238.0M
Accounts payable and accrued expenses	$1.1B	$759.4M
Lease intangible liabilities, net	$1.5B	$1.6B
Other liabilities	$1.1B	$923.1M
Revolving credit facilities and commercial paper	$2.0B	$1.1B
Term loans, net	$1.7B	$2.4B
Mortgages payable, net	$37.8M	$80.8M
Notes payable, net	$25.0B	$22.7B
Total liabilities	$32.7B	$29.8B
Common stock and paid in capital, par value $0.01 per share, 1,300,000 shares authorized, 933,975 and 891,511 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	$49.9B	$47.5B
Distributions in excess of net income	-$10.5B	-$8.6B
Accumulated other comprehensive income	$105.0M	$38.2M
Total stockholders equity	$39.4B	$38.8B
Noncontrolling interests	$685.3M	$210.9M	$165.5M
Total equity	$40.1B	$39.1B	$33.1B	$28.8B
Total liabilities and equity	$72.8B	$68.8B
Common stock and paid in capital, par value (in dollars per share)	$0.01	$0.01
Common stock and paid in capital, authorized (in shares)	1.3B shares	1.3B shares
Common stock and paid in capital, issued (in shares)	934.0M shares	891.5M shares
Common stock and paid in capital, outstanding (in shares)	934.0M shares	891.5M shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Land	$18.4B	$17.3B
Buildings and improvements	$43.8B	$41.0B
Total real estate held for investment, at cost	$62.2B	$58.3B
Less accumulated depreciation and amortization	-$8.8B	-$7.4B
Real estate held for investment, net	$53.4B	$50.9B
Real estate and lease intangibles held for sale, net	$91.8M	$95.0M
Cash and cash equivalents	$434.8M	$445.0M
Accounts receivable, net	$1.1B	$877.7M
Lease intangible assets, net	$5.7B	$6.3B
Goodwill	$4.9B	$4.9B
Investment in unconsolidated entities	$1.3B	$1.2B
Other assets, net	$5.9B	$4.0B
Total assets	$72.8B	$68.8B
Distributions payable	$255.2M	$238.0M
Accounts payable and accrued expenses	$1.1B	$759.4M
Lease intangible liabilities, net	$1.5B	$1.6B
Other liabilities	$1.1B	$923.1M
Revolving credit facilities and commercial paper	$2.0B	$1.1B
Term loans, net	$1.7B	$2.4B
Mortgages payable, net	$37.8M	$80.8M
Notes payable, net	$25.0B	$22.7B
Total liabilities	$32.7B	$29.8B
Common stock and paid in capital, par value $0.01 per share, 1,300,000 shares authorized, 933,975 and 891,511 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	$49.9B	$47.5B
Distributions in excess of net income	-$10.5B	-$8.6B
Accumulated other comprehensive income	$105.0M	$38.2M
Total stockholders equity	$39.4B	$38.8B
Noncontrolling interests	$685.3M	$210.9M	$165.5M
Total equity	$40.1B	$39.1B	$33.1B	$28.8B
Total liabilities and equity	$72.8B	$68.8B
Common stock and paid in capital, par value (in dollars per share)	$0.01	$0.01
Common stock and paid in capital, authorized (in shares)	1.3B shares	1.3B shares
Common stock and paid in capital, issued (in shares)	934.0M shares	891.5M shares
Common stock and paid in capital, outstanding (in shares)	934.0M shares	891.5M shares

Cash from operations¹⁰¹¹¹²¹³⁹$4.0B in 2025+274% since 2019

Dividends paid¹⁰¹¹¹²¹³⁹$2.9B in 2025+243% since 2019

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income	$1.1B	$867.3M	$876.9M
Depreciation and amortization	$2.5B	$2.4B	$1.9B
Amortization of share-based compensation	$30.8M	$57.5M	$26.2M
Non-cash revenue adjustments	-$122.0M	-$116.0M	-$62.0M
Amortization of deferred financing costs	$29.7M	$23.9M	$26.7M
Foreign currency and unrealized derivative loss (gain), net	$54.9M	-$19.4M	$37.8M
Non-cash interest expense (income)	$1.6M	$11.5M	-$7.2M
Gain on sales of real estate	-$177.6M	-$117.3M	-$25.7M
Equity in earnings of unconsolidated entities	-$13.3M	-$7.8M	-$2.5M
Distributions on common equity from unconsolidated entities	$39.9M	$21.0M	$5.8M
Provisions for impairment	$471.3M	$425.8M	$87.1M
Deferred income taxes	$603.0K	$3.6M	$0
Accounts receivable and other assets	-$115.8M	$28.1M	-$111.3M
Accounts payable, accrued expenses and other liabilities	$193.6M	$2.6M	$285.3M
Net cash provided by operating activities	$4.0B	$3.6B	$3.0B
Investment in real estate	-$4.6B	-$3.3B	-$8.1B
Improvements to real estate, including leasing costs	-$131.8M	-$121.4M	-$68.7M
Investment in unconsolidated entities	-$52.3M	-$70.4M	-$1.2B
Investment in loans and preferred equity	-$1.6B	-$631.6M	-$201.6M
Proceeds from sales of real estate	$744.0M	$589.5M	$117.4M
Return of investment from unconsolidated entities	$0	$0	$3.9M
Proceeds from note receivable	$31.4M	$57.3M	$0
Insurance proceeds received	$3.5M	$2.8M	$27.3M
Non-refundable escrow deposits	$3.1M
Non-refundable escrow deposits		-$225.0K	-$200.0K
Net cash acquired in merger	$0	$93.7M	$0
Net cash used in investing activities	-$5.7B	-$3.3B	-$9.4B
Cash distributions to common stockholders	-$2.9B	-$2.7B	-$2.1B
Cash distributions to preferred stockholders	$0	-$7.8M	$0
Borrowings on revolving credit facilities and commercial paper programs	$20.3B	$36.9B	$77.3B
Payments on revolving credit facilities and commercial paper programs	-$19.6B	-$36.5B	-$79.4B
Proceeds from term loan	$407.0M	$0	$1.0B
Principal payment on term loans	-$1.1B	-$250.0M	$0
Proceeds from notes payable issued	$2.9B	$2.7B	$4.2B
Principal payment on notes payable	-$1.0B	-$850.0M	$0
Principal payments on mortgages payable	-$44.6M	-$740.5M	-$22.0M
Proceeds from common stock offerings, net	$2.4B	$1.7B	$5.4B
Proceeds from dividend reinvestment and stock purchase plan	$12.0M	$11.8M	$11.5M
Redemption of preferred stock	$0	-$172.5M	$0
Distributions to noncontrolling interests	-$12.0M	-$10.1M	-$7.7M
Contributions from noncontrolling interests	$488.5M	$0	$0
Net receipts on derivative settlements	$0	$0	$7.9M
Debt issuance costs	-$88.4M	-$60.6M	-$81.9M
Other financing activities, net	$46.9M	-$8.9M	-$7.0M
Net cash provided by (used in) financing activities	$1.7B	-$21.2M	$6.4B
Effect of exchange rate changes on cash and cash equivalents	$15.9M	-$5.9M	$24.0M
Net increase in cash, cash equivalents and restricted cash	$25.2M	$203.3M	$65.3M

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Corporate structure

Realty Income Corporation sits at the top of its group. 1,082 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Realty Income Corporation

VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Realty Income Corporation, latest Apr 30, 2026
VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Realty Income Corporation, latest Apr 29, 2026
VANGUARD GROUP INC Filed SCHEDULE 13G/A on Realty Income Corporation, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
State Street Corporation Filed SC 13G/A on Realty Income Corporation, latest Oct 16, 2024 (4 filings since Feb 11, 2022)
BlackRock Filed SC 13G/A on Realty Income Corporation, latest Oct 7, 2024 (7 filings since Nov 10, 2021)
Cohen & Steers Filed SC 13G/A on Realty Income Corporation, latest Feb 14, 2024 (3 filings since Feb 14, 2022)

Realty Income Corporation Baltimore, Maryland, United States
- 11990 Eastgate Blvd, LLC Subsidiary · Delaware, United States
- 2100 E 69th Avenue Indiana LLC Subsidiary · Delaware, United States
- American Realty Capital Properties, LLC Subsidiary · Delaware, United States
- ARC AACMBPA001, LLC Subsidiary · Delaware, United States
- ARC AAHARAL001, LLC Subsidiary · Delaware, United States
- ARC AASLGPA001, LLC Subsidiary · Delaware, United States
- ARC AATVLPA001, LLC Subsidiary · Delaware, United States
- ARC ACAWBWI001, LLC Subsidiary · Delaware, United States
- ARC ACLSHIL001, LLC Subsidiary · Delaware, United States
- ARC ASDTNGA001, LLC Subsidiary · Delaware, United States
- ARC ASFVLAR001, LLC Subsidiary · Delaware, United States
- ARC AZGYAPR001, LLC Subsidiary · Delaware, United States
- ARC AZHUMPR001, LLC Subsidiary · Delaware, United States
- ARC AZPONPR001, LLC Subsidiary · Delaware, United States
- ARC AZSNJPR001, LLC Subsidiary · Delaware, United States
- ARC BBFTMFL001, LLC Subsidiary · Delaware, United States
- ARC BBSTNCA001, LLC Subsidiary · Delaware, United States
- ARC BSLBCCA001, LLC Subsidiary · Delaware, United States
- ARC BWNCNOH001, LLC Subsidiary · Delaware, United States
- ARC CAFEHLD001, LLC Subsidiary · Delaware, United States
- ARC CAFEUSA001, LLC Subsidiary · Delaware, United States
- ARC CAMBR BSPL, LLC Subsidiary · Delaware, United States
- ARC CBATAPA001, LLC Subsidiary · Delaware, United States
- ARC CBBMNGA001, LLC Subsidiary · Delaware, United States
- ARC CBBRFPA001, LLC Subsidiary · Delaware, United States
- and 1,056 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Realty Income Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Land	$18.4B⁹ Dec 31, 2025	$17.3B⁹ Dec 31, 2024	+6.0%
Finance-lease assets	$827.6M⁹ Dec 31, 2025	$653.4M⁹ Dec 31, 2024	+26.7%
Operating-lease assets (leased space)	$592.3M⁹ Dec 31, 2025	$619.4M⁹ Dec 31, 2024	−4.4%

Real estate and locations

Item	Latest	A year before	Change
Real estate investments, net	$53.4B⁹ Dec 31, 2025	$50.9B⁹ Dec 31, 2024	+4.9%
Real estate investments, at cost	$62.2B⁹ Dec 31, 2025	$58.3B⁹ Dec 31, 2024	+6.7%
Real estate accumulated depreciation	$8.8B⁹ Dec 31, 2025	$7.4B⁹ Dec 31, 2024	+18.9%
Area of real estate	355.0 million sq ft⁹ Dec 31, 2025	339.4 million sq ft¹³ Dec 31, 2024	+4.6%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$434.8M⁹ Dec 31, 2025	$445.0M⁹ Dec 31, 2024	−2.3%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$4.9B⁹ Dec 31, 2025	$4.9B⁹ Dec 31, 2024	0%
Finite-lived intangibles, net	$5.7B⁹ Dec 31, 2025	$6.3B⁹ Dec 31, 2024	−9.6%

Properties, in its own words

Information pertaining to our properties can be found under Item 1.

Item 2 of the 10-K filed Feb 25, 2026.¹⁷

The story

Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. Its first acquisition was a Taco Bell restaurant in early 1970. The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term. In 1994, the company became a public company via an initial public offering. In 1997, William E. Clark, Jr., retired as CEO and was succeeded by Thomas A. Lewis. In 2013, John P. Case succeeded Mr. Lewis as CEO of the company.

In 2009, Clark retired as chairman. In 2013, the company acquired American Realty Capital Trust, founded by Nicholas Schorsch, in a $2.95 billion transaction. In 2015, the company was added to the S&P 500 and the S&P High Yield Dividend Aristocrats index. In 2018, Sumit Roy became the company's CEO. In 2019, the company completed a sale-leaseback transaction for 12 properties of the United Kingdom supermarket chain Sainsbury's. This was the company's first purchase of property outside the United States.

On November 1, 2021, the company acquired VEREIT. On December 1, 2022, the company completed a $1.7 billion sale-leaseback of Encore Boston Harbor. On August 2, 2023, the company announced a $950 million investment in Bellagio Las Vegas. On January 23, 2024, the company completed the $9.3 billion acquisition of Spirit Realty Capital.

In November 2025, it was announced the company had acquired The Lexicon shopping centre in Bracknell, UK for approximately £150m.

From Wikipedia’s article on Realty Income, shared under CC BY-SA 4.0.⁷

Leadership

Who has led Realty Income Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Chief operating officer

197019801990200020102020

Chief executive officerSumit Roy Oct 18, 2018 to now¹⁸
Chief executive officerThomas A. Lewis Jan 3, 2006 to Jul 1, 2013¹⁹
PresidentSumit Roy Jan 19, 2016 to now²⁰
PresidentGary M. Malino Jan 3, 2006 to Oct 10, 2014²¹
Chief financial officerJonathan Pong Jan 3, 2024 to now²²
Chief financial officerChristie B. Kelly May 25, 2021 to Jan 3, 2024²³
Chief financial officerPaul M. Meurer Jan 3, 2006 to Jan 3, 2020²⁴
Chief operating officerGregory J. Whyte Jan 5, 2023 to now²⁵
Chief operating officerSumit Roy Dec 22, 2014 to Aug 6, 2018²⁶
Chief operating officerGary M. Malino Jan 3, 2006 to Oct 10, 2014²¹

Board members and other officers (37)

OfficerNeale Redington Jul 1, 2024 to now²⁷
EVP, Chief People OfficerShannon Kehle Jan 4, 2022 to now²⁸
OfficerMichelle Bushore Feb 10, 2022 to now²⁹
EVP, CIOMark E. Hagan Jul 12, 2018 to now³⁰
SVP, InvestmentsNeil Abraham Apr 7, 2015 to now³¹
SVP, Asset & Portfolio MgmtBenjamin N. Fox Dec 9, 2015 to Feb 19, 2021³²
SVP, AcquisitionsCary Wenthur Dec 9, 2015 to Feb 16, 2017³³
SVP, Portfolio ManagementDanthanh Nguyen Dec 9, 2015 to Nov 14, 2017³⁴
SVP, AcquisitionsJoel Tomlinson Dec 9, 2015 to Nov 14, 2017³⁵
Executive AdvisorThomas A. Lewis Jan 2, 2014 to Jan 2, 2014³⁶
Senior VP, Indust Dist and OffDebra Bonebrake Mar 5, 2014 to Dec 4, 2015³⁷
VP, ControllerSean Nugent Jun 6, 2014 to Feb 14, 2024³⁸
Senior VP, ControllerGreg Fahey Jan 9, 2013 to Jan 23, 2014³⁹
Senior VP, AcquisitionsSumit Roy Sep 6, 2011 to Sep 8, 2014⁴⁰
Senior VP, Assistant GCLaura King Jan 2, 2009 to Mar 31, 2015⁴¹
Senior Vice PresidentMichael K. Press Jan 8, 2007 to Sep 11, 2009⁴²
Senior Vice PresidentKim S. Kundrak Jan 3, 2006 to Dec 9, 2008⁴³
Executive VP, GC and SecretaryMichael R. Pfeiffer Jan 3, 2006 to Jul 1, 2021⁴⁴
Exec. VP, Portfolio ManagementRichard G. Collins Jan 3, 2006 to Jan 5, 2016⁴⁵
Board memberKimberly Hourihan Oct 15, 2025 to now⁴⁶
Board memberJeff A. Jacobson Feb 22, 2024 to now⁴⁷
Board memberJacqueline Valerie Brady May 20, 2021 to Jun 3, 2024⁴⁸
Board memberMary Hogan Preusse Nov 3, 2021 to now⁴⁹
Board memberPriscilla Almodovar Nov 3, 2021 to now⁵⁰
Board memberChristie B. Kelly Nov 22, 2019 to May 14, 2020⁵¹
Board memberReginald Harold Gilyard Jul 16, 2018 to now⁵²
Board memberSumit Roy Oct 18, 2018 to now¹⁸
Board memberStephen E. Sterrett Oct 29, 2014 to May 21, 2018⁵³
Board memberA. Larry Chapman Feb 22, 2012 to now⁵⁴
Board memberGregory McLaughlin Jun 13, 2007 to now⁵⁵
Board memberPriya Cherian Huskins Dec 12, 2007 to now⁵⁶
Board memberThomas A. Lewis Jan 3, 2006 to Jan 2, 2014¹⁹
Board memberDonald R. Cameron Jan 6, 2006 to Sep 1, 2009⁵⁷
Board memberMichael D. McKee May 16, 2006 to now⁵⁸
Board memberRoger P. Kuppinger May 16, 2006 to May 12, 2009⁵⁹
Board memberRonald Merriman May 16, 2006 to May 25, 2023⁶⁰
General counselMichelle Bushore Feb 9, 2021 to Feb 9, 2021⁶¹

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

11990 Eastgate Blvd, LLC Delaware⁸
2100 E 69th Avenue Indiana LLC Delaware⁸
ARC AACMBPA001, LLC Delaware⁸
ARC AAHARAL001, LLC Delaware⁸
ARC AASLGPA001, LLC Delaware⁸
ARC AATVLPA001, LLC Delaware⁸
ARC ACAWBWI001, LLC Delaware⁸
ARC ACLSHIL001, LLC Delaware⁸
ARC ASDTNGA001, LLC Delaware⁸
ARC ASFVLAR001, LLC Delaware⁸
ARC AZGYAPR001, LLC Delaware⁸
ARC AZHUMPR001, LLC Delaware⁸
ARC AZPONPR001, LLC Delaware⁸
ARC AZSNJPR001, LLC Delaware⁸
ARC BBFTMFL001, LLC Delaware⁸
ARC BBSTNCA001, LLC Delaware⁸
ARC BSLBCCA001, LLC Delaware⁸
ARC BWNCNOH001, LLC Delaware⁸
ARC CAFEHLD001, LLC Delaware⁸
ARC CAFEUSA001, LLC Delaware⁸
ARC CAMBR BSPL, LLC Delaware⁸
ARC CBATAPA001, LLC Delaware⁸
ARC CBBMNGA001, LLC Delaware⁸
ARC CBBRFPA001, LLC Delaware⁸

All 1085 listed subsidiaries

ARC CBBSNGA001, LLC Delaware⁸
ARC CBCNGPA001, LLC Delaware⁸
ARC CBDLBPA001, LLC Delaware⁸
ARC CBDLSPA001, LLC Delaware⁸
ARC CBEPRVA001, LLC Delaware⁸
ARC CBFLNOH001, LLC Delaware⁸
ARC CBGSDPA001, LLC Delaware⁸
ARC CBHBGPA001, LLC Delaware⁸
ARC CBKNENH001, LLC Delaware⁸
ARC CBKSNPA001, LLC Delaware⁸
ARC CBMBGPA001, LLC Delaware⁸
ARC CBMBNNC001, LLC Delaware⁸
ARC CBMCRPA001, LLC Delaware⁸
ARC CBMDFMA001, LLC Delaware⁸
ARC CBMDNMA001, LLC Delaware⁸
ARC CBMFDPA001, LLC Delaware⁸
ARC CBMTLPA001, LLC Delaware⁸
ARC CBMTNMA001, LLC Delaware⁸
ARC CBNPRRI001, LLC Delaware⁸
ARC CBOHLIL001, LLC Delaware⁸
ARC CBOMTPA001, LLC Delaware⁸
ARC CBPBGPA003, LLC Delaware⁸
ARC CBPBGPA005, LLC Delaware⁸
ARC CBPBGPA006, LLC Delaware⁸
ARC CBPBGPA007, LLC Delaware⁸
ARC CBPBGPA008, LLC Delaware⁸
ARC CBPBGPA009, LLC Delaware⁸
ARC CBPBGPA010, LLC Delaware⁸
ARC CBPBGPA011, LLC Delaware⁸
ARC CBPLMNH001, LLC Delaware⁸
ARC CBRNDMA001, LLC Delaware⁸
ARC CBTRNPA001, LLC Delaware⁸
ARC CBUDYPA001, LLC Delaware⁸
ARC CBWHNPA001, LLC Delaware⁸
ARC CBWSKVA001, LLC Delaware⁸
ARC CFMEZZ001, LLC Delaware⁸
ARC CVCHIIL001, LLC Delaware⁸
ARC CVCHIIL002, LLC Delaware⁸
ARC CVCOLSC002, LLC Delaware⁸
ARC CVFLDPA001, LLC Delaware⁸
ARC CVGNVFL001, LLC Delaware⁸
ARC CVLVGNV001, LLC Delaware⁸
ARC CVMCBPA001, LLC Delaware⁸
ARC CVNCTPA001, LLC Delaware⁸
ARC CVSCDFL001, LLC Delaware⁸
ARC CVSPGPA001, LLC Delaware⁸
ARC CVTDAPA001, LLC Delaware⁸
ARC DBPCFBR001, LLC Delaware⁸
ARC DBPGDYR001, LLC Delaware⁸
ARC DBPORBR001, LLC Delaware⁸
ARC DBPPROP001, LLC Delaware⁸
ARC DGHHLSC001, LLC Delaware⁸
ARC DGLBKTX004, LLC Delaware⁸
ARC ESBKYMO001, LLC Delaware⁸
ARC FEAARMI001, LLC Delaware⁸
ARC FEBKYWV001, LLC Delaware⁸
ARC FEBNXNY001, LLC Delaware⁸
ARC FEDGCKS001, LLC Delaware⁸
ARC FEGFKND001, LLC Delaware⁸
ARC FEHAYKS001, LLC Delaware⁸
ARC FELNCNE001, LLC Delaware⁸
ARC FELSVKY001, LLC Delaware⁸
ARC FEPDAPA001, LLC Delaware⁸
ARC FESPFMO001, LLC Delaware⁸
ARC FESXFSD001, LLC Delaware⁸
ARC FMABONC001, LLC Delaware⁸
ARC FMARAIL001, LLC Delaware⁸
ARC FMJSNMI001, LLC Delaware⁸
ARC GEAUBAL001, LLC Delaware⁸
ARC HBRHLNC001, LLC Delaware⁸
ARC HDAUSGA001, LLC Delaware⁸
ARC HDTPAKS001, LLC Delaware⁸
ARC HRPBPAA001 SPE, LLC Delaware⁸
ARC HRPBPAA002, DST Delaware⁸
ARC HVVMNSD001, LLC Delaware⁸
ARC IHLVRCA001, LLC Delaware⁸
ARC IHMPHTN001, LLC Delaware⁸
ARC IHMPHTN002, LLC Delaware⁸
ARC IHPKRCO001, LLC Delaware⁸
ARC IHROCNY001, LLC Delaware⁸
ARC Income Properties II, LLC Delaware⁸
ARC Initial PE Member LLC Delaware⁸
ARC JJPLYMA001, LLC Delaware⁸
ARC KHCLNIL001, LLC Delaware⁸
ARC KHGTNKY001, LLC Delaware⁸
ARC KHHWLMI001, LLC Delaware⁸
ARC LWKNXTN001, LLC Delaware⁸
ARC LWWDMME001, LLC Delaware⁸
ARC MFLFTLA001, LLC Delaware⁸
ARC ORJOLIL001, LLC Delaware⁸
ARC PA-QRS Trust Virginia⁸
ARC PA-QRS Trust Member LLC DBA in CA: ARC PA-QRS TRS Member LLC Delaware⁸
ARC PLBKVOH001, LLC Delaware⁸
ARC PRRCRNY001, LLC Delaware⁸
ARC RACARPA001 GP, LLC Delaware⁸
ARC RACARPA001 LP Delaware⁸
ARC RAPITPA001 GP, LLC Delaware⁸
ARC RAPITPA001 LP Delaware⁸
ARC RRINSIN001, LLC Delaware⁸
ARC SCAUGGA001, LLC Delaware⁸
ARC SJHSPAR001, LLC Delaware⁸
ARC SJHSPAR002, LLC Delaware⁸
ARC SJHSPAR003, LLC Delaware⁸
ARC SSCTRVT001, LLC Delaware⁸
ARC SSNANNY001, LLC Delaware⁸
ARC SYGRINY001, LLC Delaware⁸
ARC TBHGHMA001, LLC Delaware⁸
ARC TBLVLMA001, LLC Delaware⁸
ARC TDFMTME001, LLC Delaware⁸
ARC TMDKBIL001, LLC Delaware⁸
ARC TRSEAWA001, LLC Delaware⁸
ARC TSDUBPA001, LLC Delaware⁸
ARC TSELBPA001, LLC Delaware⁸
ARC TSGRYLA001, LLC Delaware⁸
ARC TSLBSCA001, LLC Delaware⁸
ARC TSLWBWV001, LLC Delaware⁸
ARC TSMNFPA001, LLC Delaware⁸
ARC TSPSWNH001, LLC Delaware⁸
ARC TSPYMNH001, LLC Delaware⁸
ARC WDJKVFL001, LLC Delaware⁸
ARC WGABOPR001, LLC Delaware⁸
ARC WGAUBNY001, LLC Delaware⁸
ARC WGCNWSC001, LLC Delaware⁸
ARC WGCSRCO001, LLC Delaware⁸
ARC WGDNVCO001, LLC Delaware⁸
ARC WGGRCNY001, LLC Delaware⁸
ARC WGGRCNY002, LLC Delaware⁸
ARC WGGRPMN001, LLC Delaware⁸
ARC WGLNPMI001, LLC Delaware⁸
ARC WGLPSPR001, LLC Delaware⁸
ARC WGLVSNV001, LLC Delaware⁸
ARC WGMTPMI001, LLC Delaware⁸
ARC WGPLTNY001, LLC Delaware⁸
ARC WGSYRNY001, LLC Delaware⁸
ARC WMBLYAR001, LLC Delaware⁸
ARC/Milestone Capital Ventures, LLC Delaware⁸
ARC3 AAHUSTX001, LLC Delaware⁸
ARC3 AAHUSTX002, LLC Delaware⁸
ARC3 DGAVSMO001, LLC Delaware⁸
ARC3 DGCDTLA01, LLC Delaware⁸
ARC3 DGCFDVA01, LLC Delaware⁸
ARC3 DGCWYMO001, LLC Delaware⁸
ARC3 DGDVLVA01, LLC Delaware⁸
ARC3 DGEDWMS001, LLC Delaware⁸
ARC3 DGFSTOH001, LLC Delaware⁸
ARC3 DGFYTNC01, LLC Delaware⁸
ARC3 DGGDRFL001, LLC Delaware⁸
ARC3 DGGFDOH001, LLC Delaware⁸
ARC3 DGGVLMS001, LLC Delaware⁸
ARC3 DGHSGVA01, LLC Delaware⁸
ARC3 DGHWLVA01, LLC Delaware⁸
ARC3 DGKGCMO001, LLC Delaware⁸
ARC3 DGLFDTX001, LLC Delaware⁸
ARC3 DGLKGMO001, LLC Delaware⁸
ARC3 DGMGMLA01, LLC Delaware⁸
ARC3 DGMHNLA01, LLC Delaware⁸
ARC3 DGMLNWI001, LLC Delaware⁸
ARC3 DGMLOFL001, LLC Delaware⁸
ARC3 DGMNGWI001, LLC Delaware⁸
ARC3 DGMTLMO01, LLC Delaware⁸
ARC3 DGMVLMO001, LLC Delaware⁸
ARC3 DGNMSOH001, LLC Delaware⁸
ARC3 DGOIBNC01, LLC Delaware⁸
ARC3 DGPGSTX001, LLC Delaware⁸
ARC3 DGPLCOH001, LLC Delaware⁸
ARC3 DGPTCTN001, LLC Delaware⁸
ARC3 DGPTTTX001, LLC Delaware⁸
ARC3 DGPYNOH001, LLC Delaware⁸
ARC3 DGRDLAL001, LLC Delaware⁸
ARC3 DGRGCTX001, LLC Delaware⁸
ARC3 DGRMATX001, LLC Delaware⁸
ARC3 DGRWDLA01, LLC Delaware⁸
ARC3 DGSBRMO001, LLC Delaware⁸
ARC3 DGSCRMO001, LLC Delaware⁸
ARC3 DGSNSWI001, LLC Delaware⁸
ARC3 DGTLSAL001, LLC Delaware⁸
ARC3 DGVASNC01, LLC Delaware⁸
ARC3 DGWGVMS001, LLC Delaware⁸
ARC3 FEBMTNH001, LLC Delaware⁸
ARC3 FEORTNY001, LLC Delaware⁸
ARC3 WGCLACA001, LLC Delaware⁸
ARC3 WGMPWNJ001, LLC Delaware⁸
ARC3 WGSTVMI001, LLC Delaware⁸
ARCP DGPLSPA01, LLC Delaware⁸
ARCP DGSYKPA01, LLC Delaware⁸
ARCP DGWATPA01, LLC Delaware⁸
ARCP FD Broad Top PA, LLC Delaware⁸
ARCP ID Mesa Portfolio, LLC Delaware⁸
ARCP ID Mohnton PA, LLC Delaware⁸
ARCP OFC Mesa Portfolio, LLC Delaware⁸
ARCP RL Portfolio I, LLC Delaware⁸
ARCP RL Portfolio IV, LLC Delaware⁸
ARCP RL Portfolio X, LLC Delaware⁸
ARCP RL/OG Langhorne PA, LLC Delaware⁸
ARCP RL/OG/BB/SB Pittsburgh PA, LLC Delaware⁸
ARCP Rl Portfolio III, LLC Delaware⁸
ARCP Rl Portfolio IX, LLC Delaware⁸
ARCP Rl Portfolio V, LLC Delaware⁸
ARCP Rl Portfolio VI, LLC Delaware⁸
ARCP Rl Portfolio VII, LLC Delaware⁸
ARCP Rl Portfolio VIII, LLC Delaware⁸
ARCP Rl/Og Salisbury MD, LLC Delaware⁸
ARCP/GRD Biolife Portfolio I, LLC Delaware⁸
ARCT TRS Corp. Delaware⁸
American Realty Capital Properties, LLC Delaware⁸
Arcp Springing Member, LLC Delaware⁸
Bracknell General Partner Limited Jersey⁸
Bracknell Property Unit Trust Jersey⁸
Bracknell Regeneration Limited Partnership Jersey⁸
Bulwark Berlin LLC Delaware⁸
Bulwark Branford LLC Delaware⁸
Bulwark Brockton LLC Delaware⁸
Bulwark Derry LLC Delaware⁸
Bulwark Melrose LLC Delaware⁸
Bulwark Mount Ephraim LLC Delaware⁸
CLF Columbia LLC Delaware⁸
CLF Herndon LLC Delaware⁸
CLF Real Estate LLC Delaware⁸
CNL Funding 2000-A, LP Delaware⁸
CNL Net Lease Funding 2001, LP Delaware⁸
CNL Net Lease Funding 2003, LLC Delaware⁸
CRE JV Mixed Five MI 6 Branch Holdings LLC Delaware⁸
CRE JV Mixed Five NH Branch Holdings LLC Delaware⁸
CRE JV Mixed Five PA Branch Holdings LLC Delaware⁸
CRE JV Mixed Five VT Branch Holdings LLC Delaware⁸
CSAVON NOM1 LTD Jersey⁸
CSAVON NOM2 LTD Jersey⁸
Capital Lease Funding Securitization, L.P. Delaware⁸
Capital Property Associates Limited Partnership Maryland⁸
Caplease Debt Funding, LP Delaware⁸
Clf Breinigsville Business Trust Virginia⁸
Clf Elysian Fields LLC Delaware⁸
Clf Holding Company, LLC Delaware⁸
Clf New Falls Business Trust Virginia⁸
Clf Red Lion Road Philadelphia Business Trust Virginia⁸
Clf Yolo County Business Trust Virginia⁸
Cole AA Crestwood KY, LLC Delaware⁸
Cole AN Portfolio II, LLC Delaware⁸
Cole AN Portfolio V, LLC Delaware⁸
Cole AN Portfolio VI, LLC Delaware⁸
Cole AP Chambersburg PA, LLC Delaware⁸
Cole BB Montgomery Al, LLC Delaware⁸
Cole BJ Portfolio I, LLC Delaware⁸
Cole BJ Portfolio II, LLC Delaware⁸
Cole CM Austin TX, LLC Delaware⁸
Cole CV Southaven (Goodman) MS LLC Delaware⁸
Cole CV Titusville PA, LLC Delaware⁸
Cole Capital Partners, LLC Arizona⁸
Cole Collateralized Senior Notes II, LLC Arizona⁸
Cole Collateralized Senior Notes III, LLC Arizona⁸
Cole Collateralized Senior Notes IV, LLC Arizona⁸
Cole Collateralized Senior Notes, LLC Arizona⁸
Cole DG Thomaston GA, LLC Delaware⁸
Cole DST Advisors, LLC Delaware⁸
Cole EK Philadelphia PA, LLC Delaware⁸
Cole FD Portfolio I, LLC Delaware⁸
Cole FD Portfolio IV, LLC Delaware⁸
Cole FD Portfolio VIII, LLC Delaware⁸
Cole FE Beekmantown NY, LLC Delaware⁸
Cole GC Monroeville PA, LLC Delaware⁸
Cole GP CCPT III, LLC Delaware⁸
Cole GP Mt Folsom CA, LLC Delaware⁸
Cole GP WG Lancaster CA, LLC Delaware⁸
Cole HC Willow Grove PA, LLC Delaware⁸
Cole HH North Fayette PA, LLC Delaware⁸
Cole HN Buffalo NY, LLC Delaware⁸
Cole ID Chattanooga TN, LLC Delaware⁸
Cole ID Milton Pa, LLC Delaware⁸
Cole IO Conway NH, LLC Delaware⁸
Cole IO Dover NH, LLC Delaware⁸
Cole IO Rochester NH, LLC Delaware⁸
Cole LA Dallas TX, LLC Delaware⁸
Cole LA Duncanville TX, LLC Delaware⁸
Cole LA Easton PA, LLC Delaware⁸
Cole LA Oakdale MN, LLC Delaware⁸
Cole MT Port Arthur TX, LLC Delaware⁸
Cole MT San Marcos TX, LLC Delaware⁸
Cole MT Sunset Valley TX, LLC Delaware⁸
Cole Mezzco CCPT III, LLC Delaware⁸
Cole Mt Bartlett Il, LLC Delaware⁸
Cole Mt Bethlehem GA (JV), LLC Delaware⁸
Cole Mt Chesterfield MI (JV), LLC Delaware⁸
Cole Mt Daytona Beach FL, LLC Delaware⁸
Cole Mt Folsom Ca, LP Delaware⁸
Cole Mt Lake Charles LA, LLC Delaware⁸
Cole Mt Las Vegas NV, LLC Delaware⁸
Cole Mt Mishawaka IN, LLC Delaware⁸
Cole Ou Portfolio, LLC Delaware⁸
Cole Pm Phoenix Az, LLC Delaware⁸
Cole REIT Advisors III, LLC Delaware⁸
Cole REIT III Operating Partnership, LP Delaware⁸
Cole Reit Advisors, LLC Delaware⁸
Cole Springing Member, LLC Delaware⁸
Cole TS Gibsonia PA, LLC Delaware⁸
Cole TT Downingtown PA, LLC Delaware⁸
Cole Ty Coral Springs Fl, LLC Delaware⁸
Cole WW Gap PA, LLC Delaware⁸
Cole/Faison Jv Bethlehem Ga, LLC Delaware⁸
Cole/Faison Mt Bethlehem Ga, LLC Delaware⁸
Columbia Road Ohio LLC Delaware⁸
Commerce Charter-Troy 2 Holding, LLC Delaware⁸
Commerce Charter-Troy 2, LLC Delaware⁸
ConWa Property I LLC Delaware⁸
Conroe Logistics Center, LLC Delaware⁸
Crest Net Lease, Inc. Delaware⁸
Diamond Real Estate, LLC DBA in CA as RI Diamond Real Estate, LLC Delaware⁸
Dre Holdings, LLC Delaware⁸
EBH MA Property, LLC Maryland⁸
Efa Asset Management, LLC Delaware⁸
Efa Investments, LLC Delaware⁸
Equity Fund Advisors, LLC Arizona⁸
Eva LLC Delaware⁸
FRIS CHKN, LLC Delaware⁸
France High Yield Fund France⁸
GRD Bellingham WA BioLife Holdings, LLC Delaware⁸
GRD Bloomington IN BioLife Holdings, LLC Delaware⁸
GRD Ft. Wayne IN BioLife Holdings, LLC Delaware⁸
GRD Grandville MI BioLife Holdings, LLC Delaware⁸
GRD Loveland CO BioLife Holdings, LLC Delaware⁸
GRD St. George UT BioLife Holdings, LLC Delaware⁸
GRD Waite Park MN BioLife Holdings, LLC Delaware⁸
GRD Waterloo IA BioLife Holdings, LLC Delaware⁸
GRD West Fargo ND BioLife Holdings, LLC Delaware⁸
Great Western (General Partner 2006) Limited England and Wales⁸
Great Western (Nominee 2006) Limited England and Wales⁸
Great Western Unit Trust Jersey⁸
Italian High Yield Real Estate Fund Italy⁸
MDC Ace Holdings, LLC Delaware⁸
MDC Box 1, LLC Delaware⁸
MDC Coast 1, LLC Delaware⁸
MDC Coast 10, LLC Delaware⁸
MDC Coast 11, LLC Delaware⁸
MDC Coast 12, LLC Delaware⁸
MDC Coast 13, LLC Delaware⁸
MDC Coast 14, LLC Delaware⁸
MDC Coast 15, LLC Delaware⁸
MDC Coast 16, LLC Delaware⁸
MDC Coast 17, LLC Delaware⁸
MDC Coast 18, LLC Delaware⁸
MDC Coast 19, LLC Delaware⁸
MDC Coast 2, LLC Delaware⁸
MDC Coast 20, LLC Delaware⁸
MDC Coast 21, LLC Delaware⁸
MDC Coast 22, LLC Delaware⁸
MDC Coast 23, LLC Delaware⁸
MDC Coast 24, LLC Delaware⁸
MDC Coast 25, LLC Delaware⁸
MDC Coast 26, LLC Delaware⁸
MDC Coast 27, LLC Delaware⁸
MDC Coast 28, LLC Delaware⁸
MDC Coast 29, LLC Delaware⁸
MDC Coast 3, LLC Delaware⁸
MDC Coast 4, LLC Delaware⁸
MDC Coast 5, LLC Delaware⁸
MDC Coast 6, LLC Delaware⁸
MDC Coast 7, LLC Delaware⁸
MDC Coast 8, LLC Delaware⁸
MDC Coast 9, LLC Delaware⁸
MDC Coast Eco 1, LLC Delaware⁸
MDC Coast HI 1, LLC Delaware⁸
MDC Coastal 1, LLC Delaware⁸
MDC Coastal 10, LLC Delaware⁸
MDC Coastal 11, LLC Delaware⁸
MDC Coastal 12, LLC Delaware⁸
MDC Coastal 13, LLC Delaware⁸
MDC Coastal 14, LLC Delaware⁸
MDC Coastal 15, LLC Delaware⁸
MDC Coastal 16, LLC Delaware⁸
MDC Coastal 17, LLC Delaware⁸
MDC Coastal 18, LLC Delaware⁸
MDC Coastal 19, LLC Delaware⁸
MDC Coastal 2, LLC Delaware⁸
MDC Coastal 20, LLC Delaware⁸
MDC Coastal 21, LLC Delaware⁸
MDC Coastal 22, LLC Delaware⁸
MDC Coastal 23, LLC Delaware⁸
MDC Coastal 24, LLC Delaware⁸
MDC Coastal 25, LLC Delaware⁸
MDC Coastal 26, LLC Delaware⁸
MDC Coastal 27, LLC Delaware⁸
MDC Coastal 28, LLC Delaware⁸
MDC Coastal 29, LLC Delaware⁸
MDC Coastal 3, LLC Delaware⁸
MDC Coastal 30, LLC Delaware⁸
MDC Coastal 32, LLC Delaware⁸
MDC Coastal 4, LLC Delaware⁸
MDC Coastal 5, LLC Delaware⁸
MDC Coastal 6, LLC Delaware⁸
MDC Coastal 7, LLC Delaware⁸
MDC Coastal 8, LLC Delaware⁸
MDC Coastal 9, LLC Delaware⁸
MDC Coastal Holdings, LLC Delaware⁸
MDC East College, LLC Delaware⁸
MDC East Hobson, LLC Delaware⁸
MDC Encore Holdings, LLC Delaware⁸
MDC Endeavour 1, LLC Delaware⁸
MDC Endeavour General Partner, LLC Delaware⁸
MDC Endeavour Holdings, LLC Delaware⁸
MDC Endeavour PA 1 IC, LLC Delaware⁸
MDC Endeavour PA 1, LLC Delaware⁸
MDC Endeavour PA 2 IC, LLC Delaware⁸
MDC Endeavour PA 2, LLC Delaware⁸
MDC Endeavour TX 1, LP Delaware⁸
MDC Endeavour TX Holdings, LP Delaware⁸
MDC Gold Holdings, LLC Delaware⁸
MDC Holabird, LLC Delaware⁸
MDC Iron 1, LLC Delaware⁸
MDC Iron 2, LLC Delaware⁸
MDC Iron 3, LLC Delaware⁸
MDC Iron Holdings, LLC Delaware⁸
MDC JV Asset Manager, LLC Delaware⁸
MDC MEX Holdings, LLC Delaware⁸
MDC MEX I, LLC Delaware⁸
MDC MEX II, LLC Delaware⁸
MDC Manager HoldCo, LLC Delaware⁸
MDC NC Holding Corp. Delaware⁸
MDC NC Holding GP, LLC Delaware⁸
MDC NC1, LP Delaware⁸
MDC NC2, LP Delaware⁸
MDC NC3, LP Delaware⁸
MDC Obsidian Holdings, LLC Delaware⁸
MDC Obsidian, LLC Delaware⁸
MDC PPW Phase I Holdings, LLC Delaware⁸
MDC PPW Phase I Member, LLC Delaware⁸
MDC PPW Phase I PE Member, LLC Delaware⁸
MDC Paradise Holdings, LLC Delaware⁸
MDC Seal Beach, LLC Delaware⁸
Menomonee Falls Store, LLC Delaware⁸
Milton Keynes Superstore (Nominee 1) Limited England and Wales⁸
Milton Keynes Superstore (Nominee 2) Limited England and Wales⁸
Net Lease Funding 2005, LP Delaware⁸
O CHK, INC. Delaware⁸
O ICE, LLC Delaware⁸
Oak Creek Store, LLC Delaware⁸
Obsidian ML 1, LLC Delaware⁸
Obsidian ML 2, LLC Delaware⁸
Obsidian ML 3, LLC Delaware⁸
Obsidian ML 4, LLC Delaware⁸
Obsidian ML 5, LLC Delaware⁸
Obsidian ML 6, LLC Delaware⁸
Obsidian ML 7, LLC Delaware⁸
Obsidian ML 8, LLC Delaware⁸
PDC Industrial Center 19 SP B.V. Netherlands⁸
PRD Owner, LLC Delaware⁸
PRD Real Estate 2, LLC Delaware⁸
PRD Real Estate 3, LLC Delaware⁸
PRD Real Estate, LLC Delaware⁸
Peterborough Superstore (Nominee 1) Limited England and Wales⁸
Peterborough Superstore (Nominee 2) Limited England and Wales⁸
Pioneer Development Manager, LLC Delaware⁸
Pioneer Investment HoldCo, LLC Delaware⁸
Pioneer PPW Building 4 Investor, LLC Delaware⁸
Prefco Dix-Neuf LLC Connecticut⁸
Prefco Nineteen Limited Partnership Connecticut⁸
RI (BVI) 3 SJQ Limited British Virgin Islands⁸
RI 5 DIY Income Limited Jersey⁸
RI ASD Gillingham Limited Jersey⁸
RI AZ Speke Limited Jersey⁸
RI BBF Amsterdam Road Limited Jersey⁸
RI BHE Netherlands B.V. Netherlands⁸
RI BQ 4 DIY Limited England and Wales⁸
RI BQ Birmingham Limited Jersey⁸
RI BQ Brandon Coventry Limited Jersey⁸
RI BQ Bury Limited Jersey⁸
RI BQ Castleford Limited Jersey⁸
RI BQ Dallow Luton Limited Jersey⁸
RI BQ Grimsby Limited Jersey⁸
RI BQ Mavor E Kilbride Limited Jersey⁸
RI BQ Meir Park Limited Jersey⁸
RI BQ Portrack Stockton Limited Jersey⁸
RI BQ Stockport Limited Jersey⁸
RI Braintree JV Limited Jersey⁸
RI CF Spain 1 B.V. Netherlands⁸
RI CF Spain 10 B.V. Netherlands⁸
RI CF Spain 11 B.V. Netherlands⁸
RI CF Spain 12 B.V. Netherlands⁸
RI CF Spain 13 B.V. Netherlands⁸
RI CF Spain 14 B.V. Netherlands⁸
RI CF Spain 15 B.V. Netherlands⁸
RI CF Spain 16 B.V. Netherlands⁸
RI CF Spain 2 B.V. Netherlands⁸
RI CF Spain 3 B.V. Netherlands⁸
RI CF Spain 4 B.V. Netherlands⁸
RI CF Spain 5 B.V. Netherlands⁸
RI CF Spain 6 B.V. Netherlands⁸
RI CF Spain 7 B.V. Netherlands⁸
RI CF Spain 8 B.V. Netherlands⁸
RI CF Spain 9 B.V. Netherlands⁸
RI CG Nominee 1 Limited Jersey⁸
RI CG Nominee 2 Limited Jersey⁸
RI CK2, LLC Delaware⁸
RI CPB Spain 1 B.V. Netherlands⁸
RI CPB Spain 2 B.V. Netherlands⁸
RI CPB Spain 3 B.V. Netherlands⁸
RI CS1, LLC Delaware⁸
RI CS2, LLC Delaware⁸
RI CS3, LLC Delaware⁸
RI Castle Vale Park Limited Jersey⁸
RI Crawley JPUT Jersey⁸
RI Crown CMC Limited England and Wales⁸
RI Crown LLC Delaware⁸
RI Crown Limited Jersey⁸
RI Crown Street JPUT Jersey⁸
RI European Investment Fund SCSp, SICAV-SIF Luxembourg⁸
RI France 1 SCI France⁸
RI France 2 SCI France⁸
RI France DKT 1 SCI France⁸
RI France DKT 2 SCI France⁸
RI GA 1, LLC Delaware⁸
RI Gallagher JPUT Jersey⁸
RI Garthdee Aberdeen Limited Jersey⁸
RI Germany 1 B.V. Netherlands⁸
RI Germany DKT B.V. Netherlands⁸
RI Gerrards Cross Limited Jersey⁸
RI HV 3 Portfolio Limited Jersey⁸
RI Hermiston Park H1 Limited Jersey⁸
RI Hermiston Park H2 Limited Jersey⁸
RI Ireland 1 B.V Netherlands⁸
RI Ireland 10 B.V. Netherlands⁸
RI Ireland 11 B.V. Netherlands⁸
RI Ireland 12 B.V. Netherlands⁸
RI Ireland 2 B.V Netherlands⁸
RI Ireland 3 B.V. Netherlands⁸
RI Ireland 4 B.V. Netherlands⁸
RI Ireland 5 B.V. Netherlands⁸
RI Ireland 6 B.V. Netherlands⁸
RI Ireland 7 B.V. Netherlands⁸
RI Ireland 8 B.V. Netherlands⁸
RI Ireland 9 B.V. Netherlands⁸
RI Ireland Holdco B.V. Netherlands⁸
RI JV Lending 1, LLC Delaware⁸
RI JV Lending 2, LLC Delaware⁸
RI JY Spain 1 B.V. Netherlands⁸
RI Kingsgate EK Limited Jersey⁸
RI Leeds Road Limited Jersey⁸
RI Llandudno (UK159) Limited England and Wales⁸
RI MDC Portugal 1, Unipessoal LDA Portugal⁸
RI MDC Portugal 2, Unipessoal LDA Portugal⁸
RI MDC Portugal 3, Unipessoal LDA Portugal⁸
RI MDC UK 137 Limited England and Wales⁸
RI MDC UK 138 Limited England and Wales⁸
RI MDC UK061 Limited Jersey⁸
RI MDC UK063 Limited Jersey⁸
RI MDC UK064 Limited Jersey⁸
RI MDC UK065 Limited Jersey⁸
RI MDC UK066 Limited Jersey⁸
RI MDC UK067 Limited Jersey⁸
RI MDC UK068 Limited Jersey⁸
RI MDC UK069 Limited Jersey⁸
RI MDC UK076 Limited Jersey⁸
RI MDC UK077 Limited Jersey⁸
RI MDC UK078 Limited Jersey⁸
RI MDC UK079 Limited Jersey⁸
RI MDC UK080 Limited Jersey⁸
RI MDC UK081 Limited Isle of Man⁸
RI MDC UK082 Limited Isle of Man⁸
RI MDC UK083 Limited Isle of Man⁸
RI MDC UK084 Limited Isle of Man⁸
RI MDC UK085 Limited Isle of Man⁸
RI MDC UK086 Limited Jersey⁸
RI MDC UK090 Limited Jersey⁸
RI MDC UK091 Limited Jersey⁸
RI MDC UK092 Limited Jersey⁸
RI MDC UK093 Limited Jersey⁸
RI MDC UK100 Limited Jersey⁸
RI MDC UK101 Limited Jersey⁸
RI MDC UK102 Limited Jersey⁸
RI MDC UK103 Limited Jersey⁸
RI MDC UK104 Limited Jersey⁸
RI MDC UK105 Limited Jersey⁸
RI MDC UK106 Limited Jersey⁸
RI MDC UK107 Limited Jersey⁸
RI MDC UK108 Limited Jersey⁸
RI MDC UK109 Limited Jersey⁸
RI MDC UK119 Limited Jersey⁸
RI MDC UK120 Limited Jersey⁸

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

Aug 25, 20268-K Other events⁶²
Aug 14, 20268-K New debt or obligation; Unregistered sale of shares; Regulation FD disclosure⁶³
Aug 12, 20268-K Other events⁶⁴
Aug 11, 20268-K Other events⁶⁵
Aug 5, 20268-K Results of operations; Regulation FD disclosure⁶⁶
Jul 13, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation⁶⁷
Jul 7, 20268-K Other events⁶⁸
Jun 30, 20268-K Other events⁶⁹
Jun 29, 20268-K Other events⁷⁰
May 22, 20268-K Shareholder vote⁷¹
May 8, 20268-K Other events⁷²
May 6, 20268-K Results of operations; Regulation FD disclosure⁷³
Oct 18, 2018New chief executive Sumit Roy becomes CEO¹⁸
Jan 3, 2006New chief executive Thomas A. Lewis becomes CEO¹⁹
Oct 18, 1994Went public Listed on NYSE¹
1969Founded Founded¹

Calendar

Coming up

Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.08 a share, on Nov 3, 2025.⁷⁴

When it reported results

Aug 5, 2026Reported quarterly or annual results⁶⁶
May 6, 2026Reported quarterly or annual results⁷³
Feb 24, 2026Reported quarterly or annual results⁷⁵
Nov 3, 2025Reported quarterly or annual results⁷⁶
Aug 6, 2025Reported quarterly or annual results⁷⁷
May 5, 2025Reported quarterly or annual results⁷⁸
Feb 24, 2025Reported quarterly or annual results⁷⁹
Nov 4, 2024Reported quarterly or annual results⁸⁰

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

459 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 119 major events, 186 insider forms, 20 large holders, 114 other. The latest 20:

Sep 10, 2026144 EDGAR
Sep 10, 20264 EDGAR
Aug 25, 20268-K EDGAR
Aug 14, 20268-K EDGAR
Aug 12, 20268-K EDGAR
Aug 11, 20268-K EDGAR
Aug 6, 202610-Q EDGAR
Aug 5, 20268-K EDGAR
Jul 13, 20268-K EDGAR
Jul 7, 20268-A12B EDGAR
Jul 7, 20268-K EDGAR
Jul 7, 2026CERT NYSE CERTIFICATION EDGAR
Jun 30, 20264 EDGAR
Jun 30, 2026424B5 EDGAR
Jun 30, 20268-K EDGAR
Jun 29, 2026FWP EDGAR
Jun 29, 2026424B5 EDGAR
Jun 29, 20268-K EDGAR
May 26, 20264 EDGAR
May 26, 20264 EDGAR

The 459 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 0 buys and 11 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Sep 10, 2026	McLaughlin GregoryDirector	Sale	3,475	$60.15	$209.0K	Form 4
Apr 2, 2026	Bushore MichelleSee Remarks	Sale	7,400	$62.42	$461.9K	Form 4
Apr 1, 2026	McLaughlin GregoryDirector	Sale	3,275	$61.87	$202.6K	Form 4
Sep 30, 2025	Preusse Mary HoganDirector	Sale	11,000	$60.43	$664.7K	Form 4
Dec 3, 2024	McLaughlin GregoryDirector	Sale	1,250	$56.17	$70.2K	Form 4
Sep 11, 2024	Preusse Mary HoganDirector	Sale	1,712	$62.58	$107.1K	Form 4
Aug 23, 2024	Chapman A. LarryDirector	Sale	5,000	$60.77	$303.9K	Form 4
Apr 9, 2024	Chapman A. LarryDirector	Sale	5,000	$54.23	$271.1K	Form 4
Dec 18, 2023	Chapman A. LarryDirector	Sale	3,500	$56.98	$199.4K	Form 4
Feb 27, 2023	Abraham NeilSee Remarks	Sale	26,600	$65.34	$1.7M	Form 4
Sep 1, 2022	Chapman A. LarryDirector	Sale	7,000	$67.97	$475.8K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 2026⁸¹
VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 2026⁸²
VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 27, 2026⁸³
State Street CorporationSC 13G/A, 4 filings Feb 11, 2022 to Oct 16, 2024⁸⁴
BlackRockSC 13G/A, 7 filings Nov 10, 2021 to Oct 7, 2024⁸⁵
Cohen & SteersSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 2024⁸⁶

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Age	Salary	Total pay
2025	Sumit RoyPresident, Chief Executive Officer	56	$1.0M	$16.3M⁸⁷
2025	Neil M. AbrahamExecutive Vice President, Chief Strategy Officer and President, Realty Income International	55	$675.0K	$5.3M⁸⁷
2025	Mark E. HaganExecutive Vice President, Chief Investment Officer	59	$675.0K	$5.3M⁸⁷
2025	Michelle BushoreExecutive Vice President, Chief Legal Officer, General Counsel and Secretary	58	$600.0K	$3.9M⁸⁷
2025	Jonathan PongExecutive Vice President, Chief Financial Officer, and Treasurer	43	$600.0K	$3.7M⁸⁷
2024	Sumit RoyPresident, Chief Executive Officer	56	$1.0M	$15.2M⁸⁷
2024	Neil M. AbrahamExecutive Vice President, Chief Strategy Officer and President, Realty Income International	55	$650.0K	$4.8M⁸⁷
2024	Mark E. HaganExecutive Vice President, Chief Investment Officer	59	$650.0K	$4.8M⁸⁷
2024	Jonathan PongExecutive Vice President, Chief Financial Officer, and Treasurer	43	$500.0K	$3.5M⁸⁷
2024	Michelle BushoreExecutive Vice President, Chief Legal Officer, General Counsel and Secretary	58	$570.0K	$3.5M⁸⁷
2023	Sumit RoyPresident, Chief Executive Officer	56	$1.0M	$13.1M⁸⁷
2023	Neil M. AbrahamExecutive Vice President, Chief Strategy Officer and President, Realty Income International	55	$600.0K	$3.9M⁸⁷
2023	Mark E. HaganExecutive Vice President, Chief Investment Officer	59	$600.0K	$3.8M⁸⁷
2023	Michelle BushoreExecutive Vice President, Chief Legal Officer, General Counsel and Secretary	58	$550.0K	$3.0M⁸⁷

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	112,931,238	$7.0B	0.1%	+5,021,581
Vanguard Portfolio Management LLC	83,115,805	$5.1B	0.2%	+1,881,571
State Street Corp	65,929,425	$4.1B	0.1%	+2,166,180
Vanguard Capital Management LLC	60,848,009	$3.8B	0.1%	+724,589
Geode Capital Management, LLC	31,265,152	$2.0B	0.1%	+968,059
Bank Of America Corp /de/	19,117,994	$1.2B	0.1%	+1,785,859
Morgan Stanley	14,440,511	$894.7M	0.0%	−802,275
Dimensional Fund Advisors LP	13,479,666	$835.2M	0.2%	+461,447
Charles Schwab Investment Management Inc	13,069,240	$809.8M	0.1%	+880,584
Norges Bank	12,978,009	$804.1M	0.1%	New
Raymond James Financial Inc	12,062,748	$747.4M	0.2%	−26,655
Goldman Sachs Group Inc	11,984,573	$742.6M	0.1%	+7,687,975
Parnassus Investments, LLC	11,640,278	$721.2M	1.9%	−2,502,033
Northern Trust Corp	11,068,868	$685.8M	0.1%	−416,356
Legal & General Group Plc	10,383,053	$643.3M	0.1%	−154,678
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	10,354,693	$641.6M	0.1%	+10,307,948
Fmr LLC	9,614,803	$595.7M	0.0%	+713,086
APG Asset Management US Inc.	8,921,361	$551.5M	3.9%	−16,111
Invesco Ltd.	8,314,586	$515.2M	0.0%	+128,081
Jpmorgan Chase & Co	6,221,941	$392.2M	0.0%	−7,611,952
Bank of New York Mellon Corp	5,490,313	$340.2M	0.1%	+39,048
UBS Group AG	5,362,246	$332.2M	0.1%	+1,405,620
Vanguard Fiduciary Trust Co	5,235,493	$324.4M	0.1%	+47,717
Hsbc Holdings PLC	5,147,719	$319.2M	0.2%	+1,002,371
Wells Fargo & Company/mn	4,982,959	$308.7M	0.1%	−135,170

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

18 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Jul 30, 2026	Richard McCormickRepublican, House	Sale	$1,001 - $15,000	+17.8%	Report
Jul 23, 2026	Gary C. PetersDemocratic, Senate	Buy	$1,001 - $15,000	−18.7%	Report
Mar 27, 2026	Alan ArmstrongRepublican, Senate	Buy	$1,001 - $15,000	−30.2%	Report
Dec 19, 2025	Gilbert Ray Cisneros, Jr.Democratic, House	Buy	$1,001 - $15,000	−14.8%	Report
Nov 12, 2025	Gilbert Ray Cisneros, Jr.Democratic, House	Partial sale	$1,001 - $15,000	+15.4%	Report
Nov 5, 2025	Richard McCormickRepublican, House	Buy	$1,001 - $15,000	−14.9%	Report
Aug 5, 2025	Gilbert Ray Cisneros, Jr.Democratic, House	Buy	$1,001 - $15,000	−25.8%	Report
May 12, 2025	Jefferson ShreveRepublican, House	Sale	$50,001 - $100,000	+33.1%	Report
Apr 1, 2025	Julie JohnsonDemocratic, House	Sale	$1,001 - $15,000	+40.4%	Report
Mar 15, 2023	Richard McCormickRepublican, House	Buy	$1,001 - $15,000	−110.2%	Report
Mar 14, 2023	Gary C. PetersDemocratic, Senate	Buy	$15,001 - $50,000	−109.2%	Report
Jul 21, 2021	Gary C. PetersDemocratic, Senate	Buy	$15,001 - $50,000	−95.9%	Report
Mar 5, 2021	Susie LeeDemocratic, House	Sale	$1,001 - $15,000	+105.6%	Report
Feb 25, 2021	Susie LeeDemocratic, House	Partial sale	$1,001 - $15,000	+108.8%	Report
Dec 2, 2020	Susie LeeDemocratic, House	Buy	$1,001 - $15,000	−116.1%	Report
Aug 5, 2020	Susie LeeDemocratic, House	Buy	$1,001 - $15,000	−140.4%	Report
Jun 9, 2020	Susie LeeDemocratic, House	Buy	$1,001 - $15,000	−149.4%	Report
Feb 13, 2017	Rick W. AllenRepublican, House	Sale	$15,001 - $50,000	+238.5%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Realty Income Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARREALTY INCOME CORP²
CIK0000726728
Employer ID (EIN)33-0580106¹⁷
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company¹⁷
Incorporated inMaryland¹⁷
Fiscal year endsDecember 31²
Industry code (SIC)6798 Real Estate Investment Trusts²
SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance²
Business address11995 El Camino Real, San Diego, CA 92130²
Phone858-284-5000²
Shares outstanding946,218,033 as of Jul 30, 2026¹⁵
Public float$52.6B as of Jun 30, 2025¹⁷
AuditorKPMG LLP, San Diego, CA PCAOB ID 185; it also attests to the company’s internal control over financial reporting¹⁷
On EDGAR sinceNov 14, 1995²
Filings1,909 in all: 4 (819), 8-K (406), 424B5 (151), 10-Q (93), SC 13G/A (56), FWP (37), 3 (34), DEF 14A (31)²
All 46 form types
10-K (28), 425 (26), UPLOAD (22), 8-A12B (16), CORRESP (16), SC 13G (14), DEFA14A (13), 144 (10), S-3ASR (10), 424B2 (9), 424B3 (9), 8-K/A (9), CERT (9), S-4/A (7), S-8 (7), 424B7 (6), 5 (6), 25-NSE (5), 305B2 (5), ARS (5), EFFECT (5), PRE 14A (5), S-3 (5), S-4 (5), 4/A (4), S-3/A (4), 10-K405 (3), 15-12B (3), CERTNYS (3), 10-K/A (2), 25 (2), 8-A12B/A (2), SCHEDULE 13G (2), 144/A (1), 8-B12B (1), POS AM (1), S-8 POS (1), SCHEDULE 13G/A (1)
Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Mar 25, 2026
Latest 8-K (8-K) Aug 25, 2026

Securities registered for trading

Class	Symbol	Exchange
Common Stock, $0.01 Par Value	O	New York Stock Exchange
1.125% Notes due 2027	O27A	New York Stock Exchange
1.875% Notes due 2027	O27B	New York Stock Exchange
5.000% Notes due 2029	O29B	New York Stock Exchange
1.625% Notes due 2030	O30	New York Stock Exchange
4.875% Notes due 2030	O30B	New York Stock Exchange
5.750% Notes due 2031	O31A	New York Stock Exchange
3.375% Notes due 2031	O31B	New York Stock Exchange
1.750% Notes due 2033	O33A	New York Stock Exchange
5.125% Notes due 2034	O34	New York Stock Exchange
3.875% Notes due 2035	O35B	New York Stock Exchange
6.000% Notes due 2039	O39	New York Stock Exchange
5.250% Notes due 2041	O41	New York Stock Exchange
2.500% Notes due 2042	O42	New York Stock Exchange

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).¹⁷

Risk factors and legal proceedings

The risks Realty Income Corporation names in Item 1A of its 10-K filed Feb 25, 2026: 35 risks under these headings, as written.¹⁷

Risks Related to Our Business and Industry
In order to grow, we need to continue to acquire investment properties. The acquisition of investment properties may be subject to competitive pressures.
We may acquire properties or portfolios of properties through tax deferred contribution transactions, which could result in stockholder dilution and limit our ability to sell or refinance such assets.
Real estate ownership is subject to particular conditions that may have a negative impact on our revenue.
Real estate investments are illiquid. We may not be able to acquire or dispose of properties when desired or on favorable terms.
Our acquisition of additional properties may have a significant effect on our business, liquidity, financial position and/or results of operations.
As a property owner, we may be subject to unknown environmental liabilities.
We are subject to risks and liabilities in connection with forming and attracting third-party investment in our fund business, investing in new or existing co-investment ventures or funds and managing properties through our fund business or other co-investment ventures.
We are subject to additional risks from our international investments and debt.
We may engage in development, speculative development or expansion projects or invest in new asset classes, which would subject us to additional risks that could negatively impact our operations.
Our loans and investments, including in subordinated debt, expose us to risks associated with debt-oriented real estate investments generally.
We may face extensive regulations from gaming and other regulatory authorities regarding current and future gaming properties.

The other 24 risks

Property taxes may increase without notice.
An uninsured loss or a loss that exceeds the policy limits on our properties could subject us to lost capital or revenue on those properties.
Changing and increasing expectations from regulators and other stakeholders regarding sustainability practices and reporting could impact our business practices, cause us to incur additional costs and expose us to new risks.
The value of certain of our investment in real property may be reduced as the result of the expiration or loss of local tax abatements, tax credit programs or other governmental incentives.
Risks Related to Our REIT Structure
If we fail to qualify as a REIT, it could adversely impact us, and the amount of dividends we are able to pay would decrease, which could adversely affect the market price of our capital stock and the value of our debt securities.
Changes in U.S. or non-U.S. tax laws and regulations, including changes to tax rates and legislative or other actions may adversely affect us or our investors.
Distribution requirements imposed by law limit our flexibility.
Our charter contains restrictions upon ownership of our common stock.
Risks Related to Our Clients
Our success is dependent on the financial stability of our clients.
Negative market conditions, global economic and political uncertainties or adverse events affecting our existing or potential clients or the industries in which they operate, could have an adverse impact on our ability to attract new clients, re-lease space, collect rent or renew leases, which could adversely affect our cash flow from operations, our ability to maintain or increase our current dividend levels and inhibit growth.
The bankruptcy or insolvency of a client, borrower or guarantor could result in the termination of the lease agreement, loan agreement, or guarantee, as applicable.
Risks Related to Our Liquidity and Capital Resources
Future issuances of equity securities could dilute the interest of holders of our common stock.
We are subject to risks associated with debt and preferred stock financing.
General Risk Factors
The market value and trading volume of our capital stock and debt securities could be substantially affected by various factors.
Litigation risks could affect our business.
We depend on key personnel.
Natural disasters, terrorist attacks, acts of violence or war or other unexpected events may affect the value of our debt and equity securities, the markets in which we operate and our results of operations.
We rely on information technology in our operations, and any material failure, inadequacy, interruption or security failure of that technology could harm our business.
Volatility in market and economic conditions may impact the accuracy of the various estimates used in the preparation of our financial statements and footnotes to the financial statements.
Inherent limitations of internal controls over financial statements, disclosure controls and safeguarding of assets may adversely impact our financial condition and results of operations.
Our business operations may not generate the cash needed to make distributions on our capital stock or to service our indebtedness.
Disruptions in the financial markets could affect our ability to obtain financing on reasonable terms and have other adverse effects on us and the market price of our common stock and may make it more difficult or costly for us to raise capital.
Inflation (including prolonged inflationary periods) may adversely affect our results of operations, financial condition and liquidity.
We are subject to complex and changing laws, regulations, policies and executive orders, which exposes us to potential liabilities, increased costs and other adverse effects on our business.

Legal proceedings

Information regarding legal proceedings is included in note 22, Commitments and Contingencies, to the consolidated financial statements.

The opening of Item 3, Legal Proceedings.¹⁷

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataRealty Income Corporation on Wikidata
2
SEC EDGARRealty Income Corporation filings on SEC EDGAR
3
WikipediaRealty Income Corporation on Wikipedia
4
GLEIFRealty Income Corporation LEI record (549300CUWDAUZSH43859)
5
Wikimedia CommonsRealty Income Corporation logo by Realty Income Corporation, Public domain
6
SEC EDGARRealty Income Corporation filings on SEC EDGAR
7
WikipediaRealty Income Corporation on Wikipedia (revision used)
8
SEC EDGARRealty Income Corporation annual report, Exhibit 21 (subsidiaries)
9
SEC EDGARRealty Income Corporation 10-K for fiscal 2025
10
SEC EDGARRealty Income Corporation 10-K for fiscal 2019
11
SEC EDGARRealty Income Corporation 10-K for fiscal 2020
12
SEC EDGARRealty Income Corporation 10-K for fiscal 2021
13
SEC EDGARRealty Income Corporation 10-K for fiscal 2022
14
SEC EDGARRealty Income Corporation 10-Q for fiscal 2026
15
SEC EDGARRealty Income Corporation 10-Q for fiscal 2026
16
SEC EDGARRealty Income Corporation 10-K for fiscal 2019
17
SEC EDGARRealty Income Corporation 10-K filed Feb 25, 2026: Item 2, Properties
18
SEC EDGARSumit Roy, Chief executive officer
19
SEC EDGARThomas A. Lewis, Chief executive officer
20
SEC EDGARSumit Roy, President
21
SEC EDGARGary M. Malino, President
22
SEC EDGARJonathan Pong, Chief financial officer
23
SEC EDGARChristie B. Kelly, Chief financial officer
24
SEC EDGARPaul M. Meurer, Chief financial officer
25
SEC EDGARGregory J. Whyte, Chief operating officer
26
SEC EDGARSumit Roy, Chief operating officer
27
SEC EDGARNeale Redington, Officer
28
SEC EDGARShannon Kehle, EVP, Chief People Officer
29
SEC EDGARMichelle Bushore, Officer
30
SEC EDGARMark E. Hagan, EVP, CIO
31
SEC EDGARNeil Abraham, SVP, Investments
32
SEC EDGARBenjamin N. Fox, SVP, Asset & Portfolio Mgmt
33
SEC EDGARCary Wenthur, SVP, Acquisitions
34
SEC EDGARDanthanh Nguyen, SVP, Portfolio Management
35
SEC EDGARJoel Tomlinson, SVP, Acquisitions
36
SEC EDGARThomas A. Lewis, Executive Advisor
37
SEC EDGARDebra Bonebrake, Senior VP, Indust Dist and Off
38
SEC EDGARSean Nugent, VP, Controller
39
SEC EDGARGreg Fahey, Senior VP, Controller
40
SEC EDGARSumit Roy, Senior VP, Acquisitions
41
SEC EDGARLaura King, Senior VP, Assistant GC
42
SEC EDGARMichael K. Press, Senior Vice President
43
SEC EDGARKim S. Kundrak, Senior Vice President
44
SEC EDGARMichael R. Pfeiffer, Executive VP, GC and Secretary
45
SEC EDGARRichard G. Collins, Exec. VP, Portfolio Management
46
SEC EDGARKimberly Hourihan, Board member
47
SEC EDGARJeff A. Jacobson, Board member
48
SEC EDGARJacqueline Valerie Brady, Board member
49
SEC EDGARMary Hogan Preusse, Board member
50
SEC EDGARPriscilla Almodovar, Board member
51
SEC EDGARChristie B. Kelly, Board member
52
SEC EDGARReginald Harold Gilyard, Board member
53
SEC EDGARStephen E. Sterrett, Board member
54
SEC EDGARA. Larry Chapman, Board member
55
SEC EDGARGregory McLaughlin, Board member
56
SEC EDGARPriya Cherian Huskins, Board member
57
SEC EDGARDonald R. Cameron, Board member
58
SEC EDGARMichael D. McKee, Board member
59
SEC EDGARRoger P. Kuppinger, Board member
60
SEC EDGARRonald Merriman, Board member
61
SEC EDGARMichelle Bushore, General counsel
62
SEC EDGAROther events
63
SEC EDGARNew debt or obligation; Unregistered sale of shares; Regulation FD disclosure
64
SEC EDGAROther events
65
SEC EDGAROther events
66
SEC EDGARResults of operations; Regulation FD disclosure
67
SEC EDGAREntered a material agreement; Ended a material agreement; New debt or obligation
68
SEC EDGAROther events
69
SEC EDGAROther events
70
SEC EDGAROther events
71
SEC EDGARShareholder vote
72
SEC EDGAROther events
73
SEC EDGARResults of operations; Regulation FD disclosure
74
NasdaqNasdaq calendar
75
SEC EDGARRealty Income Corporation 8-K, Item 2.02 (results of operations)
76
SEC EDGARRealty Income Corporation 8-K, Item 2.02 (results of operations)
77
SEC EDGARRealty Income Corporation 8-K, Item 2.02 (results of operations)
78
SEC EDGARRealty Income Corporation 8-K, Item 2.02 (results of operations)
79
SEC EDGARRealty Income Corporation 8-K, Item 2.02 (results of operations)
80
SEC EDGARRealty Income Corporation 8-K, Item 2.02 (results of operations)
81
SEC EDGARVANGUARD CAPITAL MANAGEMENT LLC SCHEDULE 13G on Realty Income Corporation
82
SEC EDGARVANGUARD PORTFOLIO MANAGEMENT LLC SCHEDULE 13G on Realty Income Corporation
83
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on Realty Income Corporation
84
SEC EDGARState Street Corporation SC 13G/A on Realty Income Corporation
85
SEC EDGARBlackRock SC 13G/A on Realty Income Corporation
86
SEC EDGARCohen & Steers SC 13G/A on Realty Income Corporation
87
SEC EDGARRealty Income Corporation proxy statement (DEF 14A), 2025 pay