Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the net profit margin high or low?
The net profit margin of 20.13% is in line with its 5-year average of 20.24%, near the high end of its 5-year range (0.59%–27.56%).
As of the fiscal period ended Tuesday, March 31, 2026. 7.58% above its 12-month average of 18.71%.
Reported quarterly profit margin; no daily interpolation.
NET PROFIT MARGIN
20.13%
NET PROFIT MARGIN AVG TTM
18.71%
NET PROFIT MARGIN AVG 3Y
19.60%
NET PROFIT MARGIN AVG 5Y
21.79%
NET PROFIT MARGIN AVG 10Y
24.61%
NET PROFIT MARGIN AVG 15Y
26.82%
NET PROFIT MARGIN AVG 20Y
30.76%
CURRENT VS TTM AVG
+7.58%
CURRENT VS 3Y AVG
+2.69%
CURRENT VS 5Y AVG
-7.61%
CURRENT VS 10Y AVG
-18.21%
CURRENT VS 15Y AVG
-24.95%
CURRENT VS 20Y AVG
-34.57%
SECTOR MEDIAN · REAL ESTATE
26.21%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-23.21%
vs the sector median at left
Realty Income Corporation
Market Cap
$61.17B
Net Profit Margin
20.13%
TTM Avg
18.71%
3Y Avg
19.60%
5Y Avg
21.79%
Market Cap
$73.65B
Net Profit Margin
6.72%
TTM Avg
16.13%
3Y Avg
14.41%
5Y Avg
17.56%
Market Cap
$74.51B
Net Profit Margin
70.40%
TTM Avg
56.13%
3Y Avg
48.26%
5Y Avg
43.53%
Market Cap
$77.65B
Net Profit Margin
26.60%
TTM Avg
23.02%
3Y Avg
19.79%
5Y Avg
21.27%
Market Cap
$38.18B
Net Profit Margin
3.76%
TTM Avg
2.51%
3Y Avg
4.82%
5Y Avg
6.26%
Market Cap
$32.73B
Net Profit Margin
25.83%
TTM Avg
-24.51%
3Y Avg
-0.88%
5Y Avg
5.31%
| NAME | MARKET CAP | NET PROFIT MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Realty Income Corporation (O) | $61.17B | 20.13% | 18.71% | 19.60% | 21.79% |
| Public Storage (PSA)vs › | $56.62B | 39.16% | 40.56% | 58.16% | 56.07% |
| Ventas, Inc. (VTR)vs › | $48.87B | 4.25% | 2.98% | 0.97% | 2.79% |
| Digital Realty Trust, Inc. (DLR)vs › | $73.65B | 6.72% | 16.13% | 14.41% | 17.56% |
| Simon Property Group, Inc. (SPG)vs › | $74.51B | 70.40% | 56.13% | 48.26% | 43.53% |
| American Tower Corporation (AMT)vs › | $77.65B | 26.60% | 23.02% | 19.79% | 21.27% |
| CBRE Group, Inc. (CBRE)vs › | $40.84B | 3.11% | 2.78% | 3.30% | 3.83% |
| Iron Mountain Incorporated (IRM)vs › | $38.18B | 3.76% | 2.51% | 4.82% | 6.26% |
| Crown Castle Inc. (CCI)vs › | $32.73B | 25.83% | -24.51% | -0.88% | 5.31% |
| Extra Space Storage Inc. (EXR)vs › | $31.21B | 27.82% | 27.23% | 32.24% | 35.89% |
Operating Margin
29.3%
Net Profit Margin
20.1%
Net Profit Margin = Net Income / Revenue
Net profit margin is the percentage of revenue that becomes net income after all expenses, taxes, and interest.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | NET PROFIT MARGIN |
|---|---|
| 2026-03-31 | 20.13% |
| 2025-12-31 | 19.90% |
| 2025-09-30 | 21.47% |
| 2025-06-30 | 13.96% |
| 2025-03-31 | 18.10% |
| 2024-12-31 | 14.89% |
| 2024-09-30 | 20.25% |
| 2024-06-30 | 19.37% |
| 2024-03-31 | 10.49% |
| 2023-12-31 | 20.29% |
| 2023-09-30 | 22.47% |
| 2023-06-30 | 19.17% |
| 2023-03-31 | 23.83% |
| 2022-12-31 | 25.57% |
| 2022-09-30 | 26.22% |
| 2022-06-30 | 27.54% |
| 2022-03-31 | 24.69% |
| 2021-12-31 | 0.59% |
| 2021-09-30 | 27.56% |
| 2021-06-30 | 26.87% |
| 2021-03-31 | 21.69% |
| 2020-12-31 | 28.21% |
| 2020-09-30 | 5.66% |
| 2020-06-30 | 26.00% |
| 2020-03-31 | 35.44% |
| 2019-12-31 | 32.53% |
| 2019-09-30 | 27.00% |
| 2019-06-30 | 26.05% |
| 2019-03-31 | 31.31% |
| 2018-12-31 | 24.83% |
| 2018-09-30 | 29.28% |
| 2018-06-30 | 29.30% |
| 2018-03-31 | 26.13% |
| 2017-12-31 | 19.59% |
| 2017-09-30 | 28.65% |
| 2017-06-30 | 27.03% |
| 2017-03-31 | 29.82% |
| 2016-12-31 | 32.12% |
| 2016-09-30 | 27.81% |
| 2016-06-30 | 27.97% |
| 2016-03-31 | 26.30% |
| 2015-12-31 | 31.46% |
| 2015-09-30 | 26.06% |
| 2015-06-30 | 26.03% |
| 2015-03-31 | 24.50% |
| 2014-12-31 | 31.42% |
| 2014-09-30 | 31.09% |
| 2014-06-30 | 27.07% |
| 2014-03-31 | 26.02% |
| 2013-12-31 | 28.22% |
| 2013-09-30 | 25.52% |
| 2013-06-30 | 30.27% |
| 2013-03-31 | 41.71% |
| 2012-12-31 | 17.82% |
| 2012-09-30 | 31.97% |
| 2012-06-30 | 38.37% |
| 2012-03-31 | 34.96% |
| 2011-12-31 | 36.15% |
| 2011-09-30 | 38.39% |
| 2011-06-30 | 38.62% |
| 2011-03-31 | 37.00% |
| 2010-12-31 | 41.27% |
| 2010-09-30 | 36.45% |
| 2010-06-30 | 37.68% |
| 2010-03-31 | 36.56% |
| 2009-12-31 | 43.41% |
| 2009-09-30 | 40.70% |
| 2009-06-30 | 40.05% |
| 2009-03-31 | 36.45% |
| 2008-12-31 | 41.53% |
| 2008-09-30 | 42.20% |
| 2008-06-30 | 40.28% |
| 2008-03-31 | 35.99% |
| 2007-12-31 | 41.15% |
| 2007-09-30 | 46.21% |
| 2007-06-30 | 52.52% |
| 2007-03-31 | 50.92% |
| 2006-12-31 | 47.31% |
| 2006-09-30 | 44.89% |
| 2006-06-30 | 47.18% |
| 2006-03-31 | 45.15% |
| 2005-12-31 | 52.13% |
| 2005-09-30 | 47.30% |
| 2005-06-30 | 52.24% |
| 2005-03-31 | 50.49% |
| 2004-12-31 | 58.59% |
| 2004-09-30 | 57.73% |
| 2004-06-30 | 61.11% |
| 2004-03-31 | 59.95% |
| 2003-12-31 | 58.69% |
| 2003-09-30 | 56.05% |
| 2003-06-30 | 58.15% |
| 2003-03-31 | 51.97% |
| 2002-12-31 | 54.12% |
| 2002-09-30 | 60.52% |
| 2002-06-30 | 54.41% |
