Income StatementBalance SheetCash FlowSegments
Realty Income logo

Realty Income Cash Flow Statement

Operating, investing, and financing cash movements

Realty Income generated $4.1B in operating cash flow over the trailing twelve months. After $135.2M in capital expenditures, free cash flow was $3.9B. Free cash flow increased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$4.1BNet Cash From Investing (TTM)-$6.9BNet Cash From Financing (TTM)$3.0BCapital Expenditures (TTM)$135.2MDepreciation And Amortization (TTM)$2.5BNet Change In Cash (TTM)$173.4M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$57.7B
P/E Ratio51.11
ROE2.89%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments to acquire interest in subsidiaries and affiliates$13.4M$5.3M$4.5M$13.8M$28.7M$67.0M
Net cash from investing activities-$1.8B-$1.3B-$1.2B-$1.1B-$2.1B-$2.6B
Payments for Capital Improvements$36.2M$22.9M$26.3M$33.2M$49.4M$26.3M
Payments For Deposits On Real Estate Acquisitions—$100.0K———$2.2M
 Cash disbursed for acquisitions$1.7B$1.2B$1.0B$872.0M$1.6B$1.6B
Payments to Acquire Loans Receivable$254.2M$200.9M$222.3M$384.3M$805.8M$1.0B
Proceeds From Collection Of Notes Receivable$5.7M$7.0M$7.8M$8.1M$8.5M$8.7M
Proceeds From Sale Of Property Held For Sale$138.1M$92.6M$116.8M$214.8M$319.8M$188.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from minority shareholders$0.0$0.0———$1.6B
Distributions to noncontrolling interests$2.5M$3.0M———$11.0M
Dividends paid$691.9M$711.8M$727.5M$737.9M$743.8M$758.0M
Repayments of Secured Debt$114.2M$39.5M$4.3M$425.0K$421.0K$430.0K
Proceeds from Notes Payable$0.0$0.0$2.1B$0.0$800.0M$862.5M
Net cash from financing activities—$374.6M$570.9M-$256.2M$988.5M$1.7B
Proceeds from issuance of common stock$932.9M$624.8M$622.2M$314.8M$802.3M-$218.0K
Repurchases of common stock—$0.0———$101.9M
Payments Of Debt Issuance Costs$1.3M$0.0$64.9M$313.0K$23.2M$22.2M
Proceeds from dividend reinvestment and stock purchase plan$3.0M$3.1M$2.8M$2.9M$3.2M$3.1M
Proceeds from the issuance of debt—$0.0———$693.9M
Borrowings on revolving credit facilities and commercial paper programs$12.2B$5.6B———$19.8B
Other, net-$265.0K-$9.5M-$48.0K-$165.0K$56.5M-$12.2M
Repayments Of Long Term Lines Of Credit And Commercial Paper$11.4B$5.1B———$19.5B
Repayments Of Notes Payable$0.0$0.0$500.0M$0.0$550.0M$825.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$39.1M-$58.5M$111.4M$15.7M$125.0M-$39.9M
Deferred income taxes$3.6M-$104.0K$413.0K$3.8M—$1.4M
Depreciation and amortization$606.7M$608.9M$647.8M$632.0M$635.4M$630.3M
Other non-cash income$20.7M$28.5M$23.9M$33.0M$36.6M$25.6M
Net cash from operating activities$972.0M$787.5M$1.1B$943.1M$1.2B$874.5M
Net income$201.4M$251.5M$199.0M$317.7M$301.6M$320.9M
Stock-based compensation$9.8M$5.9M$8.1M$7.7M$9.0M$11.4M
Amortization expense related to capitalized debt issuance costs$6.2M$5.9M$7.2M$8.0M$8.6M$8.8M
Distributions of earnings from equity method investees$5.4M$5.8M$15.9M$8.7M$9.4M$6.0M
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax—$273.0K$45.8M-$19.8M-$81.2M$21.2M
Gain (Loss) on Sale of Properties$25.0M$22.5M$38.6M$49.1M$67.4M$35.6M
Impairment Of Real Estate$143.0M$116.6M$143.4M$87.0M$124.4M$129.3M
Equity in earnings (losses) of equity method investees$2.4M$4.4M$3.3M$3.1M$2.6M$2.7M
Increase (Decrease) in Accounts Receivable and Other Operating Assets—$95.4M-$38.3M$73.8M—$114.4M
Noncash Interest On Derivatives—-$1.8M———$474.0K

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$935.8M$764.6M$1.0B$909.9M$1.2B$848.2M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$17.3M$6.7M$16.2M-$6.4M$0.0-$3.9M
Net increase (decrease) in cash$47.6M-$144.8M$491.1M-$398.6M$77.6M$3.3M
Proceeds from insurance settlements related to property and equipment$370.0K$15.0K$2.1M$993.0K$415.0K$466.0K