What is the EBITDA margin for Realty Income Corporation (O)?

The EBITDA margin for O stock is 87.55%.

What is the TTM average EBITDA margin for Realty Income Corporation (O)?

The TTM average EBITDA margin for O stock is 75.03%.

What is the 3Y average EBITDA margin for Realty Income Corporation (O)?

The 3Y average EBITDA margin for O stock is 89.01%.

What is the 5Y average EBITDA margin for Realty Income Corporation (O)?

The 5Y average EBITDA margin for O stock is 89.00%.

What is the 10Y average EBITDA margin for Realty Income Corporation (O)?

The 10Y average EBITDA margin for O stock is 89.33%.

What is the 15Y average EBITDA margin for Realty Income Corporation (O)?

The 15Y average EBITDA margin for O stock is 89.46%.

What is the 20Y average EBITDA margin for Realty Income Corporation (O)?

The 20Y average EBITDA margin for O stock is 89.83%.

Realty Income (O) EBITDA Margin: History & Chart

Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the EBITDA margin high or low?

The EBITDA margin of 87.55% is in line with its 5-year average of 85.67%, near the high end of its 5-year range (20.90%–89.93%).

As of the fiscal period ended Tuesday, March 31, 2026. 16.69% above its 12-month average of 75.03%.

EBITDA|Gross Margin|Operating Margin|Profit Margin|All Metrics

O EBITDA Margin Metrics

EBITDA MARGIN

87.55%

EBITDA MARGIN AVG TTM

75.03%

EBITDA MARGIN AVG 3Y

89.01%

EBITDA MARGIN AVG 5Y

89.00%

EBITDA MARGIN AVG 10Y

89.33%

EBITDA MARGIN AVG 15Y

89.46%

EBITDA MARGIN AVG 20Y

89.83%

CURRENT VS TTM AVG

+16.69%

CURRENT VS 3Y AVG

-1.64%

CURRENT VS 5Y AVG

-1.63%

CURRENT VS 10Y AVG

-1.98%

CURRENT VS 15Y AVG

-2.13%

CURRENT VS 20Y AVG

-2.54%

O Competitors' EBITDA Margin

O

Realty Income Corporation

Current

Market Cap

$59.56B

EBITDA Margin

87.55%

TTM Avg

75.03%

3Y Avg

89.01%

5Y Avg

89.00%

PSA

Public Storage

vs O

Market Cap

$60.45B

EBITDA Margin

70.61%

TTM Avg

70.78%

3Y Avg

71.87%

5Y Avg

70.95%

DLR

Digital Realty Trust, Inc.

vs O

Market Cap

$69.75B

EBITDA Margin

41.77%

TTM Avg

41.08%

3Y Avg

42.22%

5Y Avg

44.57%

VTR

Ventas, Inc.

vs O

Market Cap

$45.46B

EBITDA Margin

37.81%

TTM Avg

38.85%

3Y Avg

39.86%

5Y Avg

41.26%

SPG

Simon Property Group, Inc.

vs O

Market Cap

$74.38B

EBITDA Margin

73.19%

TTM Avg

73.92%

3Y Avg

73.56%

5Y Avg

73.26%

CBRE

CBRE Group, Inc.

vs O

Market Cap

$42.99B

EBITDA Margin

5.08%

TTM Avg

5.50%

3Y Avg

5.85%

5Y Avg

6.21%

AMT

American Tower Corporation

vs O

Market Cap

$80.78B

EBITDA Margin

65.21%

TTM Avg

65.39%

3Y Avg

64.00%

5Y Avg

62.29%

IRM

Iron Mountain Incorporated

vs O

Market Cap

$36.39B

EBITDA Margin

35.21%

TTM Avg

33.34%

3Y Avg

33.29%

5Y Avg

34.40%

CCI

Crown Castle Inc.

vs O

Market Cap

$33.34B

EBITDA Margin

64.90%

TTM Avg

23.32%

3Y Avg

41.21%

5Y Avg

46.96%

EXR

Extra Space Storage Inc.

vs O

Market Cap

$31.28B

EBITDA Margin

65.26%

TTM Avg

64.11%

3Y Avg

65.05%

5Y Avg

66.74%

NAME	MARKET CAP	EBITDA MARGIN	TTM	3Y	5Y
Realty Income Corporation (O)	$59.56B	87.55%	75.03%	89.01%	89.00%
Public Storage (PSA)vs ›	$60.45B	70.61%	70.78%	71.87%	70.95%
Digital Realty Trust, Inc. (DLR)vs ›	$69.75B	41.77%	41.08%	42.22%	44.57%
Ventas, Inc. (VTR)vs ›	$45.46B	37.81%	38.85%	39.86%	41.26%
Simon Property Group, Inc. (SPG)vs ›	$74.38B	73.19%	73.92%	73.56%	73.26%
CBRE Group, Inc. (CBRE)vs ›	$42.99B	5.08%	5.50%	5.85%	6.21%
American Tower Corporation (AMT)vs ›	$80.78B	65.21%	65.39%	64.00%	62.29%
Iron Mountain Incorporated (IRM)vs ›	$36.39B	35.21%	33.34%	33.29%	34.40%
Crown Castle Inc. (CCI)vs ›	$33.34B	64.90%	23.32%	41.21%	46.96%
Extra Space Storage Inc. (EXR)vs ›	$31.28B	65.26%	64.11%	65.05%	66.74%

Margin Comparison

Gross Margin

89.8%

EBITDA Margin

87.6%

Operating Margin

29.3%

Net Margin

18.9%

Formula: EBITDA Margin = (EBITDA / Revenue) × 100

Why EBITDA Margin matters:

Removes effects of depreciation policies (D&A)
Capital structure neutral (ignores interest)
Tax neutral (ignores tax differences)
Good proxy for operating cash generation

EBITDA Margin Formula & Definition

EBITDA Margin = EBITDA / Revenue

EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EBITDA Margin FAQ

What is the EBITDA margin for Realty Income Corporation (O)?: The EBITDA margin for O stock is 87.55%.
Is Realty Income Corporation's EBITDA margin high or low?: The EBITDA margin of 87.55% is in line with its 5-year average of 85.67%, near the high end of its 5-year range (20.90%–89.93%).
What is the TTM average EBITDA margin for Realty Income Corporation (O)?: The TTM average EBITDA margin for O stock is 75.03%.
What is the 3Y average EBITDA margin for Realty Income Corporation (O)?: The 3Y average EBITDA margin for O stock is 89.01%.
What is the 5Y average EBITDA margin for Realty Income Corporation (O)?: The 5Y average EBITDA margin for O stock is 89.00%.
What is the 10Y average EBITDA margin for Realty Income Corporation (O)?: The 10Y average EBITDA margin for O stock is 89.33%.
What is the 15Y average EBITDA margin for Realty Income Corporation (O)?: The 15Y average EBITDA margin for O stock is 89.46%.
What is the 20Y average EBITDA margin for Realty Income Corporation (O)?: The 20Y average EBITDA margin for O stock is 89.83%.

O EBITDA Margin History

DATE	EBITDA MARGIN
2026-03-31	87.55%
2025-12-31	20.90%
2025-09-30	88.82%
2025-06-30	88.81%
2025-03-31	89.08%
2024-12-31	89.15%
2024-09-30	89.93%
2024-06-30	88.49%
2024-03-31	89.67%
2023-12-31	88.86%
2023-09-30	89.75%
2023-06-30	87.09%
2023-03-31	89.03%
2022-12-31	88.00%
2022-09-30	89.63%
2022-06-30	89.35%
2022-03-31	89.47%
2021-12-31	89.11%
2021-09-30	89.08%
2021-06-30	88.43%
2021-03-31	88.85%
2020-12-31	89.52%
2020-09-30	89.64%
2020-06-30	89.02%
2020-03-31	88.76%
2019-12-31	89.54%
2019-09-30	90.16%
2019-06-30	89.07%
2019-03-31	89.63%
2018-12-31	84.85%
2018-09-30	90.49%
2018-06-30	89.60%
2018-03-31	89.87%
2017-12-31	89.74%
2017-09-30	89.85%
2017-06-30	89.25%
2017-03-31	89.05%
2016-12-31	89.24%
2016-09-30	89.98%
2016-06-30	89.43%
2016-03-31	89.73%
2015-12-31	90.19%
2015-09-30	90.57%
2015-06-30	89.15%
2015-03-31	89.13%
2014-12-31	85.47%
2014-09-30	89.91%
2014-06-30	90.50%
2014-03-31	89.41%
2013-12-31	81.43%
2013-09-30	87.58%
2013-06-30	89.36%
2013-03-31	87.92%
2012-12-31	91.25%
2012-09-30	90.46%
2012-06-30	90.06%
2012-03-31	89.92%
2011-12-31	90.93%
2011-09-30	92.01%
2011-06-30	90.89%
2011-03-31	90.37%
2010-12-31	92.51%
2010-09-30	91.08%
2010-06-30	90.22%
2010-03-31	89.75%
2009-12-31	92.29%
2009-09-30	92.39%
2009-06-30	91.49%
2009-03-31	90.06%
2008-12-31	92.75%
2008-09-30	91.46%
2008-06-30	91.34%
2008-03-31	91.34%
2007-12-31	91.58%
2007-09-30	93.80%
2007-06-30	89.98%
2007-03-31	91.39%
2006-12-31	91.24%
2006-09-30	89.06%
2006-06-30	90.65%
2006-03-31	90.40%
2005-12-31	91.39%
2005-09-30	88.98%
2005-06-30	89.73%
2005-03-31	50.28%
2004-12-31	52.06%
2004-09-30	92.89%
2004-06-30	90.76%
2004-03-31	49.41%
2003-12-31	130.67%
2003-09-30	54.78%
2003-06-30	90.89%
2003-03-31	90.44%
2002-12-31	91.15%
2002-09-30	91.88%
2002-06-30	88.85%

EBITDA Margin: 87.55%

O EBITDA Margin

O Average EBITDA Margin Chart

O Current vs Average EBITDA Margin Chart

O EBITDA Margin Metrics

O Competitors' EBITDA Margin

Margin Comparison

EBITDA Margin Formula & Definition

EBITDA Margin FAQ

O EBITDA Margin History

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