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Realty Income (O) Cash Flow Waterfall

Trace Realty Income's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$4.08B

Capex

−$26.31M

Free Cash Flow

$4.06B

FCF Margin

+99.4%

Cash flow waterfall for Realty Income (O) — TTM through Q1 2026

Free cash flow: $4.06B

Note: Other Investing is large — driven mainly by acquisitions and investment activity.

Cash flow breakdown for Realty Income (O) — TTM through Q1 2026

  • Operating Cash Flow$4.08B
  • Capital Expenditure−$26.31M
  • Free Cash Flow$4.06B
  • Other Investing−$6.90B
  • Share Buybacks−$101.91M
  • Dividends Paid−$2.97B
  • Net Debt Change$2.34B
  • Other Financing & FX$3.75B
  • Net Cash Increase$173.36M
Want to see what drove the FCF change?Free Cash Flow Bridge

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