What is Realty Income's health care — carrying costs?

Realty Income (O) reported health care — carrying costs of $198K in Q4 2025.

What does health care — carrying costs mean?

The ongoing expenses associated with holding health care properties, including taxes, insurance, and maintenance, that are capitalized rather than expensed. This represents the total cost of ownership for the portfolio.

Realty Income (O) Health Care — Carrying Costs

Screener

Other product segments

Restaurants-Casual

$1.32M—

Automotive Parts

$827K—

Child Care

$640K—

General Merchandise

$463K—

Crafts and Novelties

$440K—

Transportation Services

$402K—

Office Supplies

$339K—

Grocery

$325K—

Other Manufacturing

$240K—

Pet Supplies and Services

$239K—

Shoe Stores

$215K—

Apparel

$199K—

Sporting Goods

$178K—

Restaurants-Quick Service

$174K—

Health and Fitness

$172K—

Convenience Store

$145K—

Automotive Services

$140K—

Home Furnishings

$119K—

Drug Stores

$100K—

Financial Services

$97K—

Education

$62K—

Automotive Tire Services

$55K—

Consumer Electronics

$51K—

Home Improvement

$35K—

Telecommunications

$11K—

Automotive Collision Service

$10K—

Dollar Stores

$9K—

Advertising

$0—

Aerospace

$0—

Beverage

$0—

Consumer Appliances

$0—

Consumer Goods

$0—

Diversified Industrial

$0—

Energy

$0—

Entertainment

$0—

Equipment Services

$0—

Food Processing

$0—

Gaming

$0—

Health and Beauty

$0—

Insurance

$0—

Jewelry

$0—

Machinery

$0—

Motor Vehicle Dealerships

$0—

Oil & Gas

$0—

Other

$0—

Packaging

$0—

Paper

$0—

Theaters

$0—

Warehousing and Storage

$0—

Wholesale Club

$0—

Similar metrics at other companies

OHIKS — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs

$1K—

OHILA — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs

$448K0.0%

OHIMD — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs

$135K—

OHINC — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs

$336K0.0%

OHINJ — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs

$1.56M0.0%

OHINY — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs

$40.54M0.0%

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+12.7%

Enterprise value$59.12B+13.3%

P/E45.4×-11.7×

P/S9.8×+0.2×

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:RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts.

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
Grocery	273	—	573,793	1,541,198	7,776	325	573,793	1,549,299	2,123,092	378,204	2024	9/17/2025
Health and Beauty	8	—	6,696	58,808	198	—	6,696	59,006	65,702	11,446	2017	3/22/2023
Health and Fitness	183	—	476,934	2,103,783	17,424	172	476,934	2,121,379	2,598,313	497,409	2025	9/29/2025
Health Care	527	32,007	362,428	1,247,197	17,217	198	362,428	1,264,612	1,627,040	211,048	2023	12/29/2025
Home Furnishings	206	—	243,888	562,338	9,313	119	243,888	571,770	815,658	93,896	2024	1/23/2024
Home Improvement	290	5,887	734,225	1,398,788	83,934	35	734,225	1,482,757	2,216,982	267,792	2025	12/17/2025
Insurance	1	—	754	2,840	—	—	754	2,840	3,594	364	2006	10/17/2022
Jewelry	5	—	5,367	58,688	—	—	5,367	58,688	64,055	12,158	2008	11/1/2021

Item 16: Form 10-K Summary

FAQ

What is Realty Income's health care — carrying costs?: Realty Income (O) reported health care — carrying costs of $198K in Q4 2025.
What does health care — carrying costs mean?: The ongoing expenses associated with holding health care properties, including taxes, insurance, and maintenance, that are capitalized rather than expensed. This represents the total cost of ownership for the portfolio.