What is Realty Income's food processing — land?

Realty Income (O) reported food processing — land of $118.77M in Q4 2025.

What does food processing — land mean?

The current book value of the land assets held within the food processing segment. This represents the portion of the real estate investment that is not subject to depreciation.

Realty Income (O) Food Processing — Land

Screener

Other product segments

Grocery

$2.61B—

Convenience Store

$2.22B—

Home Improvement

$1.68B—

Restaurants-Quick Service

$1.04B—

Dollar Stores

$970.58M—

General Merchandise

$769.16M—

Drug Stores

$766.13M—

Automotive Services

$719.54M—

Restaurants-Casual

$707.31M—

Health and Fitness

$521.87M—

Sporting Goods

$435.27M—

Home Furnishings

$430.89M—

Gaming

$419.46M—

Wholesale Club

$413.82M—

Health Care

$391.12M—

Transportation Services

$384.04M—

Motor Vehicle Dealerships

$335.21M—

Apparel

$323.59M—

Financial Services

$298.82M—

Theaters

$283.22M—

Entertainment

$250.05M—

Automotive Collision Service

$229.45M—

Automotive Tire Services

$216.35M—

Automotive Parts

$206.24M—

Child Care

$196.58M—

Other

$193.26M—

Beverage

$184.58M—

Diversified Industrial

$156.78M—

Consumer Electronics

$150.89M—

Pet Supplies and Services

$147.02M—

Other Manufacturing

$132.4M—

Crafts and Novelties

$129.79M—

Packaging

$74.72M—

Warehousing and Storage

$68.75M—

Energy

$55.2M—

Equipment Services

$40.92M—

Consumer Goods

$29.22M—

Education

$28.59M—

Machinery

$23.04M—

Office Supplies

$19.71M—

Advertising

$19.38M—

Aerospace

$10.04M—

Shoe Stores

$7.55M—

Health and Beauty

$6.7M—

Jewelry

$5.37M—

Telecommunications

$4.69M—

Consumer Appliances

$4.28M—

Paper

$2.46M—

Insurance

$754K—

Oil & Gas

$754K—

Similar metrics at other companies

LADRMoultrie, GE — Land

$170K0.0%

LADRCentralia, Illinois — Land

$200K0.0%

LADRSullivan, Illinois — Land

$340K0.0%

LADRTrenton, Missouri — Land

$396K0.0%

LADRDexter, Missouri — Land

$141K0.0%

LADRFayette, Missouri — Land

$107K0.0%

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 / equity0×0.0×

Where this comes from

Reported directly by Realty Income in its filing.

Tagged under the XBRL concept us-gaap:RealEstateAndAccumulatedDepreciationCarryingAmountOfLand.

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

Description	Number of Properties (Note 1)	Encumbrances (Note 2)	Initial Cost to Company / Land	Initial Cost to Company / Buildings, Improvements and Acquisition Fees	Cost Capitalized Subsequent to Acquisition / Improvements	Cost Capitalized Subsequent to Acquisition / Carrying Costs	Gross Amount at Which Carried at Close of Period (Notes 3, 4 and 6) / Land	Gross Amount at Which Carried at Close of Period (Notes 3, 4 and 6) / Buildings, Improvements and Acquisition Fees	Gross Amount at Which Carried at Close of Period (Notes 3, 4 and 6) / Total	Accumulated Depreciation (Note 5)	Date of Construction	Date Acquired
Restaurants-Quick Service	30	—	20,135	46,837	105	—	20,135	46,942	67,077	2,748	2023	12/16/2024
Sporting Goods	89	—	262,730	513,309	6,352	—	262,730	519,661	782,391	49,384	2021	3/25/2025
Theaters	2	—	20,354	43,246	547	—	20,354	43,793	64,147	1,893	2011	11/27/2024
Transportation Services	9	—	151,957	440,927	35,170	—	151,957	476,097	628,054	5,251	2025	12/12/2025
Warehousing and Storage	2	—	67,311	92,410	484	—	67,311	92,894	160,205	7,905	2025	4/27/2023
Wholesale Club	8	—	60,252	108,900	—	—	60,252	108,900	169,152	13,529	2002	2/9/2024
Other Europe	7	—	127,376	—	38,826	—	127,376	38,826	166,202	—	—	11/4/2025
	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 food processing — land?: Realty Income (O) reported food processing — land of $118.77M in Q4 2025.
What does food processing — land mean?: The current book value of the land assets held within the food processing segment. This represents the portion of the real estate investment that is not subject to depreciation.