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Annual · values202520242023202220212020201920182017201620152014
Operating Cash Flow3.99 B USD3.57 B USD2.96 B USD2.56 B USD1.32 B USD1.12 B USD1.07 B USD940.74 M USD875.85 M USD804.04 M USD692.30 M USD627.69 M USD
Depreciation & Amortization2.52 B USD2.40 B USD1.90 B USD1.67 B USD897.84 M USD677.04 M USD593.96 M USD539.78 M USD498.79 M USD449.94 M USD409.21 M USD374.66 M USD
Stock-Based Compensation30.77 M USD57.49 M USD26.23 M USD21.62 M USD41.77 M USD16.50 M USD13.66 M USD27.27 M USD13.95 M USD12.01 M USD10.39 M USD11.96 M USD
Capital Expenditures
Cash Flow from Investing-5.66 B USD-3.34 B USD-9.35 B USD-8.39 B USD-6.44 B USD-2.03 B USD-3.50 B USD-1.64 B USD-1.25 B USD-1.70 B USD-1.18 B USD-1.17 B USD
Cash Flow from Financing1.68 B USD-21.16 M USD6.44 B USD5.74 B USD4.58 B USD1.69 B USD2.49 B USD707.87 M USD375.12 M USD866.19 M USD523.19 M USD540.76 M USD
Dividends Paid2.92 B USD2.69 B USD2.11 B USD1.81 B USD1.17 B USD964.17 M USD852.13 M USD761.58 M USD689.29 M USD610.52 M USD533.24 M USD479.26 M USD
Stock Buybacks
Free Cash Flow

Realty Income Corporation is a real estate investment trust specializing in net-lease commercial properties across the United States, the United Kingdom, and multiple countries in Europe. The company focuses on free-standing, single-tenant assets, often under long-term triple-net lease structures, where tenants are responsible for property taxes, insurance, and maintenance. Its portfolio spans retail, industrial, distribution, manufacturing, gaming, and select office properties, serving a broad range of corporate and institutional tenants across numerous industries. Realty Income operates as a full-service real estate capital provider, offering sale-leaseback and structured transaction solutions to large, often investment-grade, occupiers seeking stable, long-duration occupancy. This model positions Realty Income as an important player in the net-lease and income-oriented real estate segment, providing predictable rental income from a geographically diversified property base. Founded in 1969 and headquartered in San Diego, California, Realty Income is recognized within the real estate sector for its focus on consistent cash flow from operations and its emphasis on long-term, contractual rental streams.