For the year ending 2025-12-31, O had $25,250K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 1,069,783 | 867,341 | 876,914 | 872,416 |
| Depreciation and amortization | 2,524,200 | 2,395,644 | 1,895,177 | 1,670,389 |
| Amortization of share-based compensation | 30,770 | 57,493 | 26,227 | 21,617 |
| Non-cash revenue adjustments | 121,989 | 116,017 | 62,029 | 57,009 |
| Gain on extinguishment of debt | - | 0 | 0 | 367 |
| Amortization of net discounts (premiums)-Mortgages | 287 | 30 | -12,803 | -13,622 |
| Amortization of net discounts (premiums)-Notes Payable To Banks | 6,782 | -3,309 | -60,657 | -62,989 |
| Amortization of deferred financing costs | 29,652 | 23,939 | 26,670 | 15,613 |
| (gain) loss on interest rate swaps | - | - | 7,189 | -718 |
| Foreign currency and unrealized derivative loss (gain), net | -54,947 | 19,394 | -37,776 | -220,948 |
| Non-cash interest expense (income) | -1,646 | -11,505 | - | - |
| Gain on sales of real estate | 177,640 | 117,275 | 25,667 | 102,957 |
| Equity in earnings of unconsolidated entities | 13,330 | 7,793 | 2,546 | -6,448 |
| Distributions on common equity from unconsolidated entities | 39,860 | 21,038 | 5,807 | 1,605 |
| Provisions for impairment | 471,335 | 425,833 | 87,082 | 25,860 |
| Deferred income taxes | 603 | 3,552 | - | - |
| Accounts receivable and other assets | 115,792 | -28,082 | 111,286 | 29,524 |
| Accounts payable, accrued expenses and other liabilities | 193,640 | 2,607 | 285,293 | -5,290 |
| Net cash provided by operating activities | 3,994,754 | 3,573,276 | 2,958,769 | 2,563,856 |
| Investment in real estate | 4,647,873 | 3,262,437 | 8,053,595 | 8,886,436 |
| Improvements to real estate, including leasing costs | 131,800 | 121,411 | 68,692 | 95,514 |
| Investment in unconsolidated entities | 52,265 | 70,381 | 1,179,306 | - |
| Investment in loans and preferred equity | 1,613,276 | 631,650 | 201,621 | - |
| Proceeds from sales of real estate | 744,014 | 589,450 | 117,354 | 436,115 |
| Return of investment from unconsolidated entities | 0 | 0 | 3,927 | 1,401 |
| Net proceeds from sale of unconsolidated entities | - | 0 | 0 | 108,088 |
| Proceeds from note receivable | 31,390 | 57,300 | 0 | 5,867 |
| Insurance proceeds received | 3,487 | 2,788 | 27,279 | 49,070 |
| Non-refundable escrow deposits | 3,150 | 225 | 200 | 5,667 |
| Net cash paid in merger | - | - | 0 | 0 |
| Net cash acquired in merger | 0 | 93,683 | - | - |
| Net cash used in investing activities | -5,663,173 | -3,342,883 | -9,354,854 | -8,387,076 |
| Cash distributions to common stockholders | 2,920,895 | 2,691,719 | 2,111,793 | 1,813,431 |
| Cash distributions to preferred stockholders | 0 | 7,763 | - | - |
| Borrowings on revolving credit facilities and commercial paper programs | 20,280,426 | 36,887,003 | 77,338,040 | 28,539,299 |
| Payments on revolving credit facilities and commercial paper programs | 19,557,427 | 36,528,598 | 79,398,193 | 27,434,617 |
| Proceeds from term loan | 406,999 | 0 | 1,029,383 | - |
| Principal payment on term loans | 1,139,489 | 250,000 | - | 0 |
| Proceeds from notes payable issued | 2,891,750 | 2,657,925 | 4,239,745 | 2,154,662 |
| Principal payment on notes payable | 1,049,997 | 849,999 | 0 | 0 |
| Principal payments on mortgages payable | 44,634 | 740,505 | 22,015 | 312,234 |
| Payments upon extinguishment of debt | - | - | 0 | 0 |
| Proceeds from common stock offerings, net | 2,364,144 | 1,742,810 | 5,439,462 | 4,556,028 |
| Proceeds from dividend reinvestment and stock purchase plan | 12,002 | 11,812 | 11,519 | 11,654 |
| Redemption of preferred stock | 0 | 172,510 | - | - |
| Distributions to noncontrolling interests | 12,024 | 10,143 | 7,725 | 3,935 |
| Contributions from noncontrolling interests | 488,455 | - | - | - |
| Net receipts on derivative settlements | 0 | 0 | -7,853 | 79,763 |
| Debt issuance costs | 88,365 | 60,615 | 81,898 | 34,156 |
| Net cash received from orion divestiture | - | - | 0 | 0 |
| Other financing activities, net | 46,850 | -8,856 | -7,022 | -4,790 |
| Net cash provided by (used in) financing activities | 1,677,795 | -21,158 | 6,437,356 | 5,738,243 |
| Effect of exchange rate changes on cash and cash equivalents | 15,874 | -5,904 | 24,023 | -20,511 |
| Net increase in cash, cash equivalents and restricted cash | 25,250 | 203,331 | 65,294 | -105,488 |
| Cash, cash equivalents and restricted cash, beginning of period | 495,506 | 292,175 | 226,881 | 332,369 |
| Cash, cash equivalents and restricted cash, end of period | 520,756 | 495,506 | 292,175 | 226,881 |
REALTY INCOME CORP (O)
REALTY INCOME CORP (O)