Revenue
315 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 314500000 USD Source
Fundies. English
TIAA REAL ESTATE ACCOUNT
EDGARAnnual consolidated revenue for 2025: about USD 1.252B, using the latest reported figures. The previous period, 2024, was about USD 1.361B.
Latest quarter
Net margin
106.52%
2026 Q2 · %
Operating cash flow
158 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 88.6 million USD Source
Exact value
88600000 USD
- Long-term debt including current maturities
- Not available
- Shares outstanding
- Not available
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
1.23 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Net income
953 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
142 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 225200000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 257700000 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: 97800000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 225200000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 143900000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 301900000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 143900000 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-08-05.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 10 of 11 periods available· newest 2025-12-31
- operating income: No compatible figures in this window
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 10 of 11 periods available· newest 2025-12-31
- Total liabilities: 10 of 11 periods available· newest 2025-12-31
- current assets: No compatible figures in this window
- current liabilities: No compatible figures in this window
- Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
- long term debt: No compatible figures in this window
- shares outstanding: No compatible figures in this window
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
-8%Prior period
USD 1.36 billion
–
Current period
USD 1.25 billion
–
Exact inputs and evidence
1251800000 − 1360700000 = -108900000 USD
1360700000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1251800000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 1.86 billionPrior period
−USD 973.7 million
–
Current period
USD 882.7 million
–
Exact inputs and evidence
882700000 − -973700000 = 1856400000 USD
-973700000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source882700000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-89.6%Prior period
USD 937.8 million
–
Current period
USD 97.8 million
–
Exact inputs and evidence
97800000 − 937800000 = -840000000 USD
937800000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source97800000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 1.25 billion 100% of revenue
- Operating costs Derived Unavailable An input is unavailable.
- Operating income Unavailable An input is unavailable.
- Tax, interest and other Derived Unavailable An input is unavailable.
- Net income USD 882.7 million 71% of revenue
Cash
- Operating cash flow USD 97.8 million 7.8% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 Not shown: operating income or net income is not reported.
- 2017 Not shown: operating income or net income is not reported.
- 2018 Not shown: operating income or net income is not reported.
- 2019 Not shown: operating income or net income is not reported.
- 2020 Not shown: operating income or net income is not reported.
- 2021 Not shown: operating income or net income is not reported.
- 2022 Not shown: operating income or net income is not reported.
- 2023 Not shown: operating income or net income is not reported.
- 2024 Not shown: operating income or net income is not reported.
- 2025 Not shown: operating income or net income is not reported.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 1009000000 | Unavailable | Unavailable | Unavailable | 1184900000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 1059600000 | Unavailable | Unavailable | Unavailable | 1058400000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 1083200000 | Unavailable | Unavailable | Unavailable | 1181600000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 1103500000 | Unavailable | Unavailable | Unavailable | 1427000000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 1192600000 | Unavailable | Unavailable | Unavailable | -228000000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 1194800000 | Unavailable | Unavailable | Unavailable | 4206800000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 1251700000 | Unavailable | Unavailable | Unavailable | 2335800000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 1368900000 | Unavailable | Unavailable | Unavailable | -3814400000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 1360700000 | Unavailable | Unavailable | Unavailable | -973700000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 1251800000 | Unavailable | Unavailable | Unavailable | 882700000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 1.3B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 1009000000 |
|
| 2017 | Revenue | 1059600000 |
|
| 2018 | Revenue | 1083200000 |
|
| 2019 | Revenue | 1103500000 |
|
| 2020 | Revenue | 1192600000 |
|
| 2021 | Revenue | 1194800000 |
|
| 2022 | Revenue | 1251700000 |
|
| 2023 | Revenue | 1368900000 |
|
| 2024 | Revenue | 1360700000 |
|
| 2025 | Revenue | 1251800000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
-8% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | No prior comparable period |
|
| 2017 | Year over year | 5% |
|
| 2018 | Year over year | 2.2% |
|
| 2019 | Year over year | 1.9% |
|
| 2020 | Year over year | 8.1% |
|
| 2021 | Year over year | 0.2% |
|
| 2022 | Year over year | 4.8% |
|
| 2023 | Year over year | 9.4% |
|
| 2024 | Year over year | -0.6% |
|
| 2025 | Year over year | -8% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Net margin 70.5% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Operating margin | Not reported |
|
| 2017-12-31 | Operating margin | Not reported |
|
| 2018-12-31 | Operating margin | Not reported |
|
| 2019-12-31 | Operating margin | Not reported |
|
| 2020-12-31 | Operating margin | Not reported |
|
| 2021-12-31 | Operating margin | Not reported |
|
| 2022-12-31 | Operating margin | Not reported |
|
| 2023-12-31 | Operating margin | Not reported |
|
| 2024-12-31 | Operating margin | Not reported |
|
| 2025-12-31 | Operating margin | Not reported |
|
| 2016 | Net margin | 117.4% |
|
| 2017 | Net margin | 99.9% |
|
| 2018 | Net margin | 109.1% |
|
| 2019 | Net margin | 129.3% |
|
| 2020 | Net margin | -19.1% |
|
| 2021 | Net margin | 352.1% |
|
| 2022 | Net margin | 186.6% |
|
| 2023 | Net margin | -278.6% |
|
| 2024 | Net margin | -71.6% |
|
| 2025 | Net margin | 70.5% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 97.8M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | -1302600000 |
|
| 2017 | Operating cash flow | 476300000 |
|
| 2018 | Operating cash flow | -285700000 |
|
| 2019 | Operating cash flow | -235900000 |
|
| 2020 | Operating cash flow | 4275600000 |
|
| 2021 | Operating cash flow | -1117700000 |
|
| 2022 | Operating cash flow | 534900000 |
|
| 2023 | Operating cash flow | 2111100000 |
|
| 2024 | Operating cash flow | 937800000 |
|
| 2025 | Operating cash flow | 97800000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
11.8% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 9.9% |
|
| 2017 | Liabilities / assets | 9.1% |
|
| 2018 | Liabilities / assets | 10.3% |
|
| 2019 | Liabilities / assets | 9.6% |
|
| 2020 | Liabilities / assets | 10.4% |
|
| 2021 | Liabilities / assets | 10.2% |
|
| 2022 | Liabilities / assets | 10.2% |
|
| 2023 | Liabilities / assets | 13.1% |
|
| 2024 | Liabilities / assets | 10.9% |
|
| 2025 | Liabilities / assets | 11.8% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2017-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2018-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2019-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2020-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2021-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2022-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2023-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2024-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2025-12-31 | Current assets / current liabilities | Not reported | No source recorded |
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 1.18 billion Exact valueExact value: 1184900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 1.3 billion Exact valueExact value: -1302600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 1.06 billion Exact valueExact value: 1058400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 476.3 million Exact valueExact value: 476300000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 1.18 billion Exact valueExact value: 1181600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 285.7 million Exact valueExact value: -285700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 1.43 billion Exact valueExact value: 1427000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 235.9 million Exact valueExact value: -235900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | −USD 228 million Exact valueExact value: -228000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 4.28 billion Exact valueExact value: 4275600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 4.21 billion Exact valueExact value: 4206800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 1.12 billion Exact valueExact value: -1117700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 2.34 billion Exact valueExact value: 2335800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 534.9 million Exact valueExact value: 534900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | −USD 3.81 billion Exact valueExact value: -3814400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.11 billion Exact valueExact value: 2111100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | −USD 973.7 million Exact valueExact value: -973700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 937.8 million Exact valueExact value: 937800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 882.7 million Exact valueExact value: 882700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 97.8 million Exact valueExact value: 97800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
145 filings · 1,213 latest values · 1,213 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000946155, 946155, edgar:946155
Also known as TIAA REAL ESTATE ACCOUNT, TIAA Real Estate Account