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Realty Income O Energy — Encumbrances

Other product segments

Health Care
$32.01M
Home Improvement
$5.89M
Advertising
$0
Aerospace
$0
Apparel
$0
Automotive Collision Service
$0
Automotive Parts
$0
Automotive Services
$0
Automotive Tire Services
$0
Beverage
$0
Child Care
$0
Consumer Appliances
$0
Consumer Electronics
$0
Consumer Goods
$0
Convenience Store
$0
Crafts and Novelties
$0
Diversified Industrial
$0
Dollar Stores
$0
Drug Stores
$0
Education
$0
Entertainment
$0
Equipment Services
$0
Financial Services
$0
Food Processing
$0
Gaming
$0
General Merchandise
$0
Grocery
$0
Health and Beauty
$0
Health and Fitness
$0
Home Furnishings
$0
Insurance
$0
Jewelry
$0
Machinery
$0
Motor Vehicle Dealerships
$0
Office Supplies
$0
Oil & Gas
$0
Other
$0
Other Manufacturing
$0
Packaging
$0
Paper
$0
Pet Supplies and Services
$0
Restaurants-Casual
$0
Restaurants-Quick Service
$0
Shoe Stores
$0
Sporting Goods
$0
Telecommunications
$0
Theaters
$0
Transportation Services
$0
Warehousing and Storage
$0
Wholesale Club
$0

Similar metrics at other companies

Vornado Realty logo
VNOManhattan — Encumbrances
$5.25B-2.3%
Public Storage logo
PSAEvansville — Encumbrances
$0
Public Storage logo
PSAFlint — Encumbrances
$0
Public Storage logo
PSAGreensboro — Encumbrances
$0
Public Storage logo
PSAHonolulu — Encumbrances
$0
Public Storage logo
PSAHouston — Encumbrances
$0

Other financials

Income statement

See full
Revenue$1.5B+9.7%
Net income$370.5M+86.2%
EPS (diluted)$0.37+68.2%

Balance sheet

See full
Cash & equivalents$552.6M-31.0%
Total debt$528.5M+1.2%
Total equity$39.5B+1.0%
Total assets$76.4B+7.0%

Cash flow

See full
Operating cash flow$1.1B+8.0%
CapEx$57.2M+118%
Free cash flow$1.1B+5.2%

Valuation

See full
Market cap$59.15B+11.6%
Enterprise value$59.12B+12.2%
P/E45.4×-12.3×
P/S9.8×+0.1×

Profitability

See full
Net margin21.5%+4.7pp
FCF margin66.1%+1.2pp

Returns & leverage

See full
Return on equity3.3%+0.9pp
Debt / equity0.0×

Where this comes from

Reported directly by Realty Income in its filing.

Tagged under the XBRL concept srt:RealEstateAndAccumulatedDepreciationAmountOfEncumbrances.

The source filing: Realty Income’s 10-K, filed February 25, 2026.

Filed
Feb 24, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000726728-26-000011
DescriptionNumber of Properties (Note 1)Encumbrances (Note 2)Initial Cost to Company / LandInitial Cost to Company / Buildings, Improvements and Acquisition FeesCost Capitalized Subsequent to Acquisition / ImprovementsCost Capitalized Subsequent to Acquisition / Carrying CostsGross Amount at Which Carried at Close of Period (Notes 3, 4 and 6) / LandGross Amount at Which Carried at Close of Period (Notes 3, 4 and 6) / Buildings, Improvements and Acquisition FeesGross Amount at Which Carried at Close of Period (Notes 3, 4 and 6) / TotalAccumulated Depreciation (Note 5)Date of ConstructionDate Acquired
Restaurants-Quick Service3020,13546,83710520,13546,94267,0772,748202312/16/2024
Sporting Goods89262,730513,3096,352262,730519,661782,39149,38420213/25/2025
Theaters220,35443,24654720,35443,79364,1471,893201111/27/2024
Transportation Services9151,957440,92735,170151,957476,097628,0545,251202512/12/2025
Warehousing and Storage267,31192,41048467,31192,894160,2057,90520254/27/2023
Wholesale Club860,252108,90060,252108,900169,15213,52920022/9/2024
Other Europe7127,37638,826127,37638,826166,20211/4/2025
15,512$37,894$18,430,717$43,340,206$523,956$7,203$18,430,717$43,871,365$62,302,082$8,796,740

Item 16: Form 10-K Summary

FAQ

What is Realty Income's energy — encumbrances?
Realty Income (O) reported energy — encumbrances of $0 in Q4 2025.
What does energy — encumbrances mean?
The total value of debt or legal claims secured against the energy-related real estate assets. This reflects the level of leverage or financial restriction tied specifically to these properties.

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