Realty Income Corporation: EPS $0.43 vs $0.4068 expected; revenue $1.62B vs $1.43B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 0.4300 | 0.4068 | +5.7% | 0.3450 |
| Revenue (USD bn) | 1.6200 | 1.4300 | +13.3% | 1.4700 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 2, 2026 | Q3 FY2026 | 0.4300 | 0.4068 | +5.7% | 1.62 | 1.43 | +13.3% |
| Aug 5, 2026 | Q2 FY2026 | 0.3700 | 0.3977 | −7.0% | 1.43 | 1.40 | +1.5% |
| May 6, 2026 | Q1 FY2026 | 0.3300 | 0.4026 | −18.0% | 1.44 | 1.39 | +3.3% |
| Feb 24, 2026 | Q4 FY2025 | 0.3200 | 0.3835 | −16.6% | 1.40 | 1.36 | +2.8% |
| Nov 3, 2025 | Q3 FY2025 | 0.3450 | 0.4045 | −14.7% | 1.47 | 1.39 | +5.5% |
| Aug 4, 2025 | Q2 FY2025 | 0.2179 | 0.3987 | — | 1.41 | 1.34 | +5.4% |
| May 5, 2025 | Q1 FY2025 | 0.2800 | 0.3600 | −22.2% | 1.38 | 1.32 | +4.9% |
| Feb 24, 2025 | Q4 FY2024 | 0.2300 | 0.3800 | — | 1.34 | 1.28 | +4.5% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Realty Income Corporation results: EPS $0.43 vs $0.4068 expected; revenue $1.62B vs $1.43B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 5.7%; revenue above the estimate by 13.3%.
Revenue was up 10.3% from $1.47 billion a year earlier (Q3 FY2025). EPS was up 24.6% from $0.345 a year earlier. On its record, EPS topped analysts' estimates in 0 of 5 earlier comparable reports.
What the results mean
Realty Income Corporation leases commercial properties under long-term contracts, making the continuity of rental cash flow central to interpreting its results. Revenue growth indicates an expanding income base, but the available material does not identify the source of that growth or how it translates into cash generated by the properties.
The company's ability to distribute monthly income to shareholders depends on continued rent collection from its business tenants. Long-term contracts provide a foundation for income stability, while tenants' ability to meet their obligations and the continued leasing of properties remain core business drivers.
What to watch on the earnings call: Discussion of the sources of revenue growth, the consistency of rent collection, and tenants' business conditions merits attention. Lease renewals, demand for properties, and how cash flow supports the continuity of monthly distributions are also relevant topics for management to address.
For the full analysis of Realty Income Corporation stock — valuation, scores and financial statements — see the stock page linked with this story.