Realty Income Corporation (O) — Free Cash Flow Generation Index
Realty Income Corporation (O) has a Free Cash Flow Generation Index of 0.97x as of March 2026. Free cash flow of $848.19 Million represents 1% of operating cash flow ($874.50 Million). Explore Realty Income Corporation capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Realty Income Corporation Free Cash Flow Generation Index (1993–2025)
Historical FCF Generation Index trend for Realty Income Corporation across 33 annual periods. For the full cash flow conversion analysis, see Realty Income Corporation cash flow conversion.
Annual Free Cash Flow Generation for Realty Income Corporation (1993–2025)
Year-by-year Free Cash Flow Generation Index for Realty Income Corporation. Check total reinvestment intensity of Realty Income Corporation to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.00x | $3.99 Billion | $3.99 Billion | $131.80 Million | ▲ +3.5% |
| 2024 | 0.97x | $3.45 Billion | $3.57 Billion | $121.41 Million | ▼ -1.1% |
| 2023 | 0.98x | $2.89 Billion | $2.96 Billion | $68.69 Million | ▼ -2.3% |
| 2022 | 1.00x | $2.56 Billion | $2.56 Billion | $8.98 Billion | ▲ +0.0% |
| 2021 | 1.00x | $1.32 Billion | $1.32 Billion | $6.33 Billion | ▲ +0.0% |
| 2020 | 1.00x | $1.12 Billion | $1.12 Billion | $26.77 Million | ▲ +0.0% |
| 2019 | 1.00x | $1.07 Billion | $1.07 Billion | $3.49 Billion | ▲ +2.8% |
| 2018 | 0.97x | $915.39 Million | $940.74 Million | $25.35 Million | ▼ -1.0% |
| 2017 | 0.98x | $860.60 Million | $875.85 Million | $15.25 Million | ▼ -0.1% |
| 2016 | 0.98x | $790.62 Million | $804.04 Million | $13.43 Million | ▼ 0.0% |
| 2015 | 0.98x | $680.76 Million | $692.30 Million | $11.54 Million | ▼ -0.7% |
| 2014 | 0.99x | $621.66 Million | $627.69 Million | $6.03 Million | ▲ +0.7% |
| 2013 | 0.98x | $510.40 Million | $518.91 Million | $8.51 Million | ▲ +0.4% |
| 2012 | 0.98x | $319.92 Million | $326.47 Million | $6.55 Million | ▼ -2.0% |
| 2011 | 1.00x | $298.95 Million | $298.95 Million | $957.35 Million | ▲ +0.0% |
| 2010 | 1.00x | $243.37 Million | $243.37 Million | $15.38 Million | ▲ +0.0% |
| 2009 | 1.00x | $226.71 Million | $226.71 Million | $860.00K | ▲ +0.0% |
| 2008 | 1.00x | $246.16 Million | $246.16 Million | $397.00K | ▲ +0.0% |
| 2007 | 1.00x | $318.17 Million | $318.17 Million | $507.36 Million | ▲ +0.0% |
| 2006 | 1.00x | $86.94 Million | $86.94 Million | $655.09 Million | ▲ +0.0% |
| 2005 | 1.00x | $109.56 Million | $109.56 Million | $426.84 Million | ▲ +0.0% |
| 2004 | 1.00x | $178.34 Million | $178.34 Million | $195.47 Million | ▲ +0.0% |
| 2003 | 1.00x | $73.96 Million | $73.96 Million | $0.00 | ▲ +0.0% |
| 2002 | 1.00x | $124.81 Million | $124.81 Million | $0.00 | ▲ +0.0% |
| 2001 | 1.00x | $90.03 Million | $90.03 Million | $0.00 | ▲ +12531.7% |
| 2000 | 0.01x | $448.00K | $56.59 Million | $56.14 Million | ▲ +100.6% |
| 1999 | -1.41x | $-101.90 Million | $72.15 Million | $174.06 Million | ▲ +28.6% |
| 1998 | -1.98x | $-127.94 Million | $64.64 Million | $192.59 Million | ▼ -18.9% |
| 1997 | -1.66x | $-87.70 Million | $52.69 Million | $140.39 Million | ▼ -948.3% |
| 1996 | -0.16x | $-7.63 Million | $48.07 Million | $55.70 Million | ▲ +75.0% |
| 1995 | -0.63x | $-25.58 Million | $40.31 Million | $65.89 Million | ▼ -172.3% |
| 1994 | 0.88x | $25.00 Million | $28.50 Million | $3.50 Million | ▼ -12.3% |
| 1993 | 1.00x | $38.48 Million | $38.48 Million | $0.00 | — |