Capital Expenditures for Realty Income (O)
According to Realty Income's latest reported financial statements, the company's current capital expenditures (TTM) is $131.80M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$131.80M
YoY change
+8.6%
5Y CAGR
+72.2%
Peak year (1998)
$192.59M
Cumulative capital expenditures
$1.24B
CapEx history chart for Realty Income (O) from 1993 to 2025
CapEx history table for Realty Income (O) from 1993 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $131.80M | +8.6% | ||
| 2024 | $121.41M | +76.7% | ||
| 2023 | $68.69M | -28.1% | ||
| 2022 | $95.51M | +400.6% | ||
| 2021 | $19.08M | +119.1% | ||
| 2020 | $8.71M | -63.0% | ||
| 2019 | $23.54M | -7.2% | ||
| 2018 | $25.35M | +66.3% | ||
| 2017 | $15.25M | +13.6% | ||
| 2016 | $13.43M | +16.3% | ||
| 2015 | $11.54M | +91.3% | ||
| 2014 | $6.03M | -29.1% | ||
| 2013 | $8.51M | +29.8% | ||
| 2012 | $6.55M | — | ||
| 2011 | $0 | — | ||
| 2010 | $0 | — | ||
| 2009 | $0 | — | ||
| 2008 | $0 | — | ||
| 2007 | $0 | — | ||
| 2006 | $0 | — | ||
| 2005 | $0 | — | ||
| 2004 | $0 | — | ||
| 2003 | $0 | — | ||
| 2002 | $0 | — | ||
| 2001 | $0 | -100.0% | ||
| 2000 | $56.14M | -67.7% | ||
| 1999 | $174.06M | -9.6% | ||
| 1998 | $192.59M | +37.2% | ||
| 1997 | $140.39M | +152.0% | ||
| 1996 | $55.70M | -15.5% | ||
| 1995 | $65.89M | +1782.6% | ||
| 1994 | $3.50M | — | ||
| 1993 | $0 | — |
CapEx values are taken from Realty Income's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Realty Income (O) came in at $131.80M – grew 8.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Realty Income capital expenditures compounded at +72.2% per year, sustaining 2 straight years of year-over-year growth.
Realty Income capital expenditures plunged from $192.59M in 1998 to $131.80M in 2025, a 31.6% drawdown.
1998 marks the peak capital expenditures at $192.59M, with the historical low of $0 recorded in 1993.
Within Real Estate, Realty Income (O) ranks 6th among 8 peers we track. The peer median for capital expenditures is $327.69M.
Realty Income Capital Expenditures by Year
Realty Income Capital Expenditures 2025: $131.80M
Realty Income capital expenditures in 2025 was $131.80M, grew 8.6% from 2024.
Realty Income Capital Expenditures 2024: $121.41M
Realty Income capital expenditures in 2024 was $121.41M, surged 76.7% from 2023.
Realty Income Capital Expenditures 2023: $68.69M
Realty Income capital expenditures in 2023 was $68.69M, declined 28.1% below 2022.
Realty Income Capital Expenditures 2022: $95.51M
Realty Income capital expenditures in 2022 was $95.51M, surged 400.6% from 2021.
Realty Income Capital Expenditures 2021: $19.08M
Realty Income capital expenditures in 2021 was $19.08M.
See more financial history for Realty Income (O).
Sector peers — CapEx
Companies in the same sector as Realty Income, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Equinix, Inc. (EQIX) | $4.31B | Real Estate |
| American Tower Corporation (AMT) | $1.68B | Real Estate |
| Simon Property Group, Inc. (SPG) | $912.35M | Real Estate |
| CBRE Group, Inc. (CBRE) | $366.00M | Real Estate |
| Public Storage (PSA) | $289.38M | Real Estate |
| Welltower Inc. (WELL) | $33.80M | Real Estate |
| Prologis, Inc. (PLD) | $0 | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $0 | Real Estate |
Frequently asked questions
What is Realty Income's capital expenditures?
- Latest reported capital expenditures for Realty Income (O) is $131.80M (period ending December 31, 2025).
How has Realty Income capital expenditures changed year-over-year?
- Realty Income (O) capital expenditures changed +8.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Realty Income capital expenditures?
- Realty Income (O) capital expenditures compound annual growth rate is +72.2% over the most recent 5 years available.
When did Realty Income capital expenditures hit its highest annual value?
- Realty Income capital expenditures reached its highest annual value of $192.59M in 1998.
What was Realty Income capital expenditures in 2024?
- Realty Income (O) capital expenditures in 2024 was $121.41M.
What was Realty Income capital expenditures in 2025?
- Realty Income (O) capital expenditures in 2025 was $131.80M.
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