Filing Flows › Industries › Real Estate › Capital spending and supply chain
Real Estate: capital spending and supply chain
SIC 6500 · 21 companies with filed cash-flow statements
Analysis
21 companies in Real Estate (SIC 6500) spent $5.3B on capital projects over their latest twelve months, 66% of the $8.1B their operations generated; the three largest spenders — Prologis, L.P., FOR, CBRE — account for 89%.
Capital spending is 6.5% of the industry's $81.0B of annual revenue.
By the industry's asset mix most of it goes to structures (42%); about $1.9B is imported.
The largest supplier of that spending is office and commercial structures ($2.2B).
Its largest supplying industries, by the input-output tables: other real estate ($5.1B), imports ($2.2B), monetary authorities and depository credit intermediation ($2.0B).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| Prologis, L.P. | $3.2B | $5.6B | 58% | TTM to Q3 2026 |
| FOR Forestar Group | $1.0B | $284M | 362% | TTM to Q3 FY26 |
| CBRE CBRE Group | $465M | $1.4B | 33% | TTM to Q3 2026 |
| HPP Hudson Pacific Properties | $131M | $135M | 97% | TTM to Q1 2026 |
| UE Urban Edge Properties | $121M | $189M | 64% | TTM to Q1 2026 |
| TRNO Terreno Realty | $82.8M | $288M | 29% | TTM to Q3 2026 |
| CWK Cushman & Wakefield | $81.5M | $282M | 29% | TTM to Q3 2026 |
| FRPH FRP Holdings | $69.5M | $28.3M | 246% | TTM to Q2 2026 |
| OPI Office Properties Income Trust | $41.4M | −$30.9M | — | TTM to Q1 2026 |
| CURB Curbline Properties | $25.3M | $136M | 19% | TTM to Q3 2026 |
| OZ Belpointe Prep, LLC | $17.6M | −$22.1M | — | TTM to Q3 2026 |
| Sealy Industrial Partners IV, LP | $11.8M | $15.9M | 75% | TTM to Q3 2026 |
| SRG-PA Seritage Growth Properties | $9.2M | −$21.0M | — | TTM to Q2 2026 |
| SKYH Sky Harbour Group | $5.7M | $225K | 2540% | TTM to Q2 2026 |
| TRC Tejon Ranch | $5.6M | $17.5M | 32% | TTM to Q3 2026 |
| BEEP Mobile Infrastructure | $897K | $751K | 119% | TTM to Q2 2026 |
| EFC Ellington Financial | $680K | −$311M | — | TTM to Q3 2026 |
| FPH Five Point Holdings, LLC | $336K | $6.3M | 5% | TTM to Q3 2026 |
| GTY Getty Realty | $317K | $140M | 0% | TTM to Q3 2026 |
| AEI Alset | $118K | −$8.7M | — | TTM to Q2 2026 |
| AIRE reAlpha Tech | $74K | −$12.1M | — | TTM to Q2 2026 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| FOR | D.R. Horton, Inc | — | Stated in 10-K (XBRL) | filing |
| Hudson Pacific Properties, L.P. | NFLX | 22% | Stated in 10-K (sentence) | filing |
| HPP | NFLX | 22% | Stated in 10-K (sentence) | filing |
| OPI | U.S. government | 26% | Stated in 10-K (XBRL) | filing |
| GTY | ARKO | 12% | Stated in 10-K (sentence) | filing |
| Urban Edge Properties LP | TJX | 6% | Stated in 10-K (sentence) | filing |
| UE | TJX | 6% | Stated in 10-K (sentence) | filing |
| GTY | GLP | 10% | Stated in 10-K (sentence) | filing |
| IIPR | Trulieve, Inc. ("Trulieve") | 8% | Stated in 10-K (XBRL) | filing |
| FRPH | VMC | 26% | Stated in 10-K (sentence) | filing |
| TRC | Pastoria Energy Facility, LLC | 9% | Stated in 10-K (XBRL) | filing |
| NDAQ | CWD | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | AIRE | — | Stated in 10-K (named, share not stated) | filing |
| FNMA | CBRE | — | Stated in 10-K (named, share not stated) | filing |
| FMCC | CBRE | — | Stated in 10-K (named, share not stated) | filing |
| FOR | DHI | — | Stated in 10-K (named, share not stated) | filing |
| SITC | CURB | — | Stated in 10-K (named, share not stated) | filing |
| DLR | Digital Realty Trust, L.P. | — | Stated in 10-K (named, share not stated) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.