Realty Income Corp 2026年季度报告

FORM10-Q ☒Quarterly report pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934For the quarterly period ended March 31, 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 (State or Other Jurisdiction of Incorporation or Organization)(IRS Employer Identification Number) 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)of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired 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 for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," “acceleratedfiler,” "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 extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange 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 April30, 2026, there were 932,492,530 shares of common stock outstanding. REALTY INCOME CORPORATIONIndex to Form 10-QMarch 31, 2026 PART I.FINANCIAL INFORMATIONPageItem 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 Operations33Item 3:Quantitative and Qualitative Disclosures About Market Risk51Item 4:Controls and Procedures52PARTII.OTHER INFORMATIONItem 1A:Risk Factors53Item 2:Unregistered Sales of Equity Securities and Use of Proceeds53Item 5:Other Information54Item 6:Exhibits54 REALTY INCOME CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 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 500company andreal estate partner to the world's leading companies. The Company was founded in 1969 and our shares ofcommon stock trade on the New York Stock Exchange ("NYSE") under the symbol “O”.® As of March 31, 2026, we owned or held interests in a diversified portfolio of 15,571 properties located in all 50 states ofthe United States ("U.S."), the United Kingdom ("U.K."), and eight other countries in Europe. Basis of Presentation. These consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America ("U.S. GAAP"). Intercompany accounts and transactions areeliminated in consolidation. The U.S. Dollar ("USD") is our reporting currency. Unless otherwise indicated, all dollaramounts are expressed in USD. For our consolidated subsidiaries whose functional currency is not the USD, we translate their financial statements intoUSD at the time we consolidate those subsidiaries’ financial statements. Generally, assets and liabilities are translated atthe exchange rate in effect at the balance sheet date. The resulting translation adjustments are included in 'Accumulatedother comprehensive income' ("AOCI") on our consolidated balance sheets. Certain balance sheet items, primarily equityand capital-related accounts, are reflected at the historical exchange rate. Income statement accounts are translated usingthe average exchange rate for the period. We and certain of our consolidated subsidiaries have intercompany and third-party debt that is not denominated in ourfunctional currency. When the debt is remeasured to the functional currency of the entity, a gain or loss can result. Theresulting adjustment is reflected in 'Foreign currency and derivative loss, net' in our consolidated stateme