Realty Income (O) Free Cash Flow (2009 - 2026)
Realty Income's Free Cash Flow came in at $1.09 billion for Q2 2026, up 5.2% from $1.03 billion a year earlier and up 28.3% from the prior quarter.
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Analysis
Realty Income (O) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Realty Income reported Free Cash Flow of $4 billion, up 12.9% year-over-year; for FY2025, it was $3.86 billion, up 11.9% from FY2024.
- Free Cash Flow has increased in each of the last eight years, with a five-year compound annual growth rate of 28.4% (FY2020 to FY2025).
- Going back by year, Free Cash Flow was $3.45 billion in FY2024 (+19.4%), $2.89 billion in FY2023 (+17.1%), $2.47 billion in FY2022 (+89.4%) and $1.3 billion in FY2021 (+17.7%).
- The five-year range for quarterly Free Cash Flow is $344.2 million (Q4 2021) to $1.15 billion (Q4 2025).
- Year-over-year, Free Cash Flow has increased for five consecutive quarters, with growth averaging 12.7% over the last eight quarters.
- The fastest year-over-year change in Free Cash Flow over five years came in Q2 2022 (growth of 132.7%), and the weakest in Q2 2023 (a decline of 1.0%).
- Business Quant data shows O's Free Cash Flow at $848.19 million (Q1 2026), $1.15 billion (Q4 2025) and $909.95 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 163.27 Bn | 144.76 Bn | 1.39 Bn | -4.21 Bn |
| 2 | Prologis | 123.38 Bn | 118.42 Bn | - | 547.14 Mn |
| 3 | Simon Property | 64.69 Bn | 60.54 Bn | - | 624.98 Mn |
| 4 | Realty Income | 51.11 Bn | 49.33 Bn | - | -755.59 Mn |
| 5 | Public Storage | 50.26 Bn | 49.25 Bn | - | 682.92 Mn |
| 6 | Ventas | 40.91 Bn | 39.60 Bn | - | -920.75 Mn |
| 7 | Extra Space Storage | 28.00 Bn | 28.00 Bn | 642.43 Mn | 427.58 Mn |
| 8 | Vici Properties | 24.79 Bn | 22.91 Bn | 1.05 Bn | 587.09 Mn |
| 9 | Vivmark Residential | 22.68 Bn | 22.46 Bn | - | 203.56 Mn |
| 10 | Essex Property Trust | 17.33 Bn | 17.10 Bn | - | 222.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -755.59 Mn |
| Mar 31, 2026 | -774.59 Mn |
| Dec 31, 2025 | -357.90 Mn |
| Sep 30, 2025 | 71.12 Mn |
| Jun 30, 2025 | 30.23 Mn |
| Mar 31, 2025 | -396.57 Mn |
| Dec 31, 2024 | -678.68 Mn |
| Sep 30, 2024 | 122.63 Mn |
| Jun 30, 2024 | 624.12 Mn |
| Mar 31, 2024 | 242.77 Mn |
| Dec 31, 2023 | -590.80 Mn |
| Sep 30, 2023 | -1.28 Bn |
| Jun 30, 2023 | -2.28 Bn |
| Mar 31, 2023 | -943.90 Mn |
| Dec 31, 2022 | -3.28 Bn |
| Sep 30, 2022 | -1.14 Bn |
| Jun 30, 2022 | -897.15 Mn |
| Mar 31, 2022 | -1.01 Bn |
| Dec 31, 2021 | -2.25 Bn |
| Sep 30, 2021 | -1.22 Bn |
API Access
Realty Income Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=O&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "O", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=O&period=max&api_key=YOUR_API_KEY");
const data = await res.json();