Realty Income 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549 FORM10-Q ☒Quarterly report pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2026 or ☐Transition report pursuant to section 13 or 15(d)of the Securities Exchange Act of 1934Commission File Number 1-13374 REALTY INCOME CORPORATION(Exact name of registrant as specified in its charter) 33-0580106 11995 El Camino Real, San Diego, California 92130(Address of Principal Executive Offices) Registrant’s telephone number, including area code:(858) 284-5000 Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files).Yes☒No☐ Table of Contents Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer,"“accelerated filer,” "smaller reporting company," and "emerging growth company" in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒As of July30, 2026, there were 946,218,033 shares of common stock outstanding. Table of Contents REALTY INCOME CORPORATIONIndex to Form 10-QJune 30, 2026 Item 1:Financial Statements (Unaudited)Consolidated Balance Sheets2Consolidated Statements of Income and Comprehensive Income3Consolidated Statements of Equity4Consolidated Statements of Cash Flows5Notes to Consolidated Financial Statements6Item 2:Management’s Discussion and Analysis of Financial Condition and Results of Operations35Item 3:Quantitative and Qualitative Disclosures About Market Risk59Item 4:Controls and Procedures61PARTII.OTHER INFORMATIONItem 1A:Risk Factors61Item 2:Unregistered Sales of Equity Securities and Use of Proceeds61Item 5:Other Information62 Table of Contents REALTY INCOME CORPORATION AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(in thousands, except per share amounts) (unaudited) ASSETSReal estate held for investment, at cost:LandBuildings and improvementsTotal real estate held for investment, at costLess accumulated depreciation and amortizationReal estate held for investment, netReal estate and lease intangibles held for sale, netCash and cash equivalentsAccounts receivable, netLease intangible assets, netGoodwillInvestment in loans and financing receivables, netInvestment in unconsolidated entitiesOther assets, netTotal assetsLIABILITIES AND EQUITYDistributions payableAccounts payable and accrued expensesLease intangible liabilities, netOther liabilitiesRevolving credit facilities and commercial paper The accompanying notes to consolidated financial statements are an integral part of these statements. Table of Contents Table of Contents REALTY INCOME CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSJune 30, 2026 (unaudited) 1.Summary of Significant Accounting Policies Realty Income Corporation (“Realty Income,” the “Company,” “we,” “our” or “us”), a Maryland corporation, is an S&P 500 company andreal estate partner to the world's leading companies®. The Company was founded in 1969 andour shares of common stock trade on the New York Stock Exchange ("NYSE") under the symbol “O”. As of June 30, 2026, we owned or held interests in a diversified portfolio of 15,588 properties located in all 50 statesof the United States ("U.S."), the United Kingdom ("U.K."), and eight other countries in Europe. Basisof Presentation.These consolidated financial statements have been prepared in accordance withaccounting principles generally accepted in the United States of America ("U.S. GAAP"). Intercompany accountsand transactions are eliminated in consolidation. The U.S. Dollar ("USD") is our reporting currency. Unlessotherwise indicated, all dollar amounts are expressed in USD. For our consolidated subsidiaries whose functional currency is not the USD, we translate their financial statementsinto U