Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.77 is 11% above its 5-year average of 0.69, near the high end of its 5-year range (0.62–0.83).
As of the fiscal period ended Tuesday, March 31, 2026. 1.77% above its 12-month average of 0.76.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.77
DEBT TO EQUITY RATIO AVG TTM
0.76
DEBT TO EQUITY RATIO AVG 3Y
0.70
DEBT TO EQUITY RATIO AVG 5Y
0.69
DEBT TO EQUITY RATIO AVG 10Y
0.75
DEBT TO EQUITY RATIO AVG 15Y
0.78
DEBT TO EQUITY RATIO AVG 20Y
0.80
CURRENT VS TTM AVG
+1.77%
CURRENT VS 3Y AVG
+9.67%
CURRENT VS 5Y AVG
+11.15%
CURRENT VS 10Y AVG
+2.32%
CURRENT VS 15Y AVG
-1.05%
CURRENT VS 20Y AVG
-3.59%
SECTOR MEDIAN · REAL ESTATE
0.86
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-10.37%
vs the sector median at left
Realty Income Corporation
Market Cap
$61.12B
Debt to Equity Ratio
0.77
TTM Avg
0.76
3Y Avg
0.70
5Y Avg
0.69
Market Cap
$69.62B
Debt to Equity Ratio
1.05
TTM Avg
0.95
3Y Avg
0.98
5Y Avg
0.93
Market Cap
$76.40B
Debt to Equity Ratio
5.60
TTM Avg
7.01
3Y Avg
7.72
5Y Avg
7.92
Market Cap
$83.53B
Debt to Equity Ratio
12.31
TTM Avg
12.66
3Y Avg
11.20
5Y Avg
10.67
Market Cap
$35.93B
Debt to Equity Ratio
-19.42
TTM Avg
45.37
3Y Avg
28.52
5Y Avg
20.95
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Realty Income Corporation (O) | $61.12B | 0.77 | 0.76 | 0.70 | 0.69 |
| Public Storage (PSA)vs › | $61.43B | 1.11 | 1.04 | 0.92 | 0.79 |
| Digital Realty Trust, Inc. (DLR)vs › | $69.62B | 1.05 | 0.95 | 0.98 | 0.93 |
| Ventas, Inc. (VTR)vs › | $47.51B | 1.06 | 1.17 | 1.25 | 1.22 |
| Simon Property Group, Inc. (SPG)vs › | $76.40B | 5.60 | 7.01 | 7.72 | 7.92 |
| CBRE Group, Inc. (CBRE)vs › | $43.27B | 1.13 | 0.91 | 0.71 | 0.65 |
| American Tower Corporation (AMT)vs › | $83.53B | 12.31 | 12.66 | 11.20 | 10.67 |
| Iron Mountain Incorporated (IRM)vs › | $35.93B | -19.42 | 45.37 | 28.52 | 20.95 |
| Crown Castle Inc. (CCI)vs › | $34.56B | -18.08 | 4.13 | 3.56 | 2.99 |
| Extra Space Storage Inc. (EXR)vs › | $32.29B | 1.11 | 1.02 | 1.28 | 1.58 |
Debt/Equity
0.77
Current Ratio
0.51
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-03-31 | 0.77 |
| 2025-12-31 | 0.83 |
| 2025-09-30 | 0.74 |
| 2025-06-30 | 0.74 |
| 2025-03-31 | 0.71 |
| 2024-12-31 | 0.69 |
| 2024-09-30 | 0.69 |
| 2024-06-30 | 0.67 |
| 2024-03-31 | 0.66 |
| 2023-12-31 | 0.67 |
| 2023-09-30 | 0.66 |
| 2023-06-30 | 0.65 |
| 2023-03-31 | 0.66 |
| 2022-12-31 | 0.65 |
| 2022-09-30 | 0.63 |
| 2022-06-30 | 0.62 |
| 2022-03-31 | 0.64 |
| 2021-12-31 | 0.64 |
| 2021-09-30 | 0.71 |
| 2021-06-30 | 0.78 |
| 2021-03-31 | 0.75 |
| 2020-12-31 | 0.81 |
| 2020-09-30 | 0.82 |
| 2020-06-30 | 0.77 |
| 2020-03-31 | 0.74 |
| 2019-12-31 | 0.82 |
| 2019-09-30 | 0.77 |
| 2019-06-30 | 0.82 |
| 2019-03-31 | 0.90 |
| 2018-12-31 | 0.80 |
| 2018-09-30 | 0.88 |
| 2018-06-30 | 0.88 |
| 2018-03-31 | 0.91 |
| 2017-12-31 | 0.83 |
| 2017-09-30 | 0.79 |
| 2017-06-30 | 0.86 |
| 2017-03-31 | 0.77 |
| 2016-12-31 | 0.86 |
| 2016-09-30 | 0.78 |
| 2016-06-30 | 0.73 |
| 2016-03-31 | 0.79 |
| 2015-12-31 | 0.74 |
| 2015-09-30 | 0.87 |
| 2015-06-30 | 0.89 |
| 2015-03-31 | 0.89 |
| 2014-12-31 | 0.88 |
| 2014-09-30 | 0.89 |
| 2014-06-30 | 0.82 |
| 2014-03-31 | 0.93 |
| 2013-12-31 | 0.77 |
| 2013-09-30 | 0.94 |
| 2013-06-30 | 0.82 |
| 2013-03-31 | 0.68 |
| 2012-12-31 | 1.20 |
| 2012-09-30 | 2.47 |
| 2012-06-30 | 0.80 |
| 2012-03-31 | 0.75 |
| 2011-12-31 | 0.93 |
| 2011-09-30 | 0.84 |
| 2011-06-30 | 0.87 |
| 2011-03-31 | 0.76 |
| 2010-12-31 | 0.87 |
| 2010-09-30 | 0.98 |
| 2010-06-30 | 1.12 |
| 2010-03-31 | 0.95 |
| 2009-12-31 | 0.91 |
| 2009-09-30 | 0.90 |
| 2009-06-30 | 0.89 |
| 2009-03-31 | 0.88 |
| 2008-12-31 | 0.88 |
| 2008-09-30 | 0.94 |
| 2008-06-30 | 0.97 |
| 2008-03-31 | 0.97 |
| 2007-12-31 | 0.96 |
| 2007-09-30 | 0.95 |
| 2007-06-30 | 0.60 |
| 2007-03-31 | 0.62 |
| 2006-12-31 | 0.58 |
| 2006-09-30 | 0.77 |
| 2006-06-30 | 0.76 |
| 2006-03-31 | 0.71 |
| 2005-12-31 | 0.90 |
| 2005-09-30 | 0.76 |
| 2005-06-30 | 0.70 |
| 2005-03-31 | 0.64 |
| 2004-12-31 | 0.55 |
| 2004-09-30 | 0.59 |
| 2004-06-30 | 0.52 |
| 2004-03-31 | 0.57 |
| 2003-12-31 | 0.61 |
| 2003-09-30 | 0.60 |
| 2003-06-30 | 0.53 |
| 2003-03-31 | 0.49 |
| 2002-12-31 | 0.47 |
| 2002-09-30 | 0.46 |
| 2002-06-30 | 0.57 |
