What is Realty Income's insurance — accumulated depreciation?

Realty Income (O) reported insurance — accumulated depreciation of $364K in Q4 2025.

What does insurance — accumulated depreciation mean?

This metric represents the total depreciation expense recognized against the real estate assets in the insurance segment since their acquisition. It reflects the systematic allocation of the cost of tangible assets over their estimated useful lives. A higher accumulated depreciation relative to gross cost may indicate an aging portfolio that could require future capital reinvestment.

Realty Income (O) Insurance — Accumulated Depreciation

Screener

Other product segments

Convenience Store

$833.91M—

Grocery

$797.39M—

Dollar Stores

$740.4M—

Drug Stores

$621.26M—

Health and Fitness

$502.45M—

Restaurants-Quick Service

$476.15M—

Home Improvement

$416.6M—

Restaurants-Casual

$360.16M—

Theaters

$338.74M—

Transportation Services

$338.32M—

General Merchandise

$306.9M—

Wholesale Club

$262.2M—

Automotive Services

$259.89M—

Health Care

$218.63M—

Automotive Tire Services

$175.34M—

Apparel

$164.19M—

Automotive Parts

$156.05M—

Child Care

$152.83M—

Sporting Goods

$143.4M—

Motor Vehicle Dealerships

$140.98M—

Financial Services

$128.63M—

Home Furnishings

$125.89M—

Gaming

$112.53M—

Automotive Collision Service

$108.82M—

Pet Supplies and Services

$88.51M—

Diversified Industrial

$82.86M—

Crafts and Novelties

$80.62M—

Beverage

$76.43M—

Packaging

$75.25M—

Entertainment

$70.7M—

Aerospace

$64.18M—

Food Processing

$58.31M—

Other Manufacturing

$53.72M—

Consumer Goods

$43.52M—

Consumer Electronics

$40.65M—

Equipment Services

$26.68M—

Education

$21.37M—

Other

$20.3M—

Shoe Stores

$17.06M—

Energy

$14.49M—

Machinery

$13.38M—

Warehousing and Storage

$12.16M—

Jewelry

$12.16M—

Health and Beauty

$11.45M—

Advertising

$9.8M—

Office Supplies

$9.72M—

Paper

$5.96M—

Telecommunications

$3.79M—

Consumer Appliances

$1.64M—

Oil & Gas

$34K—

Similar metrics at other companies

EGPCALIFORNIA — Accumulated Depreciation

$16.74M+7.1%

EGPCOLORADO — Accumulated Depreciation

$8.52M+16.9%

EGPFLORIDA — Accumulated Depreciation

$18.82M+5.2%

EGPGEORGIA — Accumulated Depreciation

$5.74M+11.2%

EGPLOUISIANA — Accumulated Depreciation

$22.36M+5.1%

EGPMISSISSIPPI — Accumulated Depreciation

$7.54M+4.2%

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$58.56B+11.6%

Enterprise value$58.54B+12.2%

P/E44.9×-12.1×

P/S9.7×+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:RealEstateAccumulatedDepreciation.

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
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
Machinery	4	—	6,577	69,225	1,991	—	6,577	71,216	77,793	13,105	2021	3/22/2023
Motor Vehicle Dealerships	91	—	317,912	574,325	1,976	—	317,912	576,301	894,213	136,618	2023	12/30/2025
Office Supplies	17	—	19,706	48,882	1,095	339	19,706	50,316	70,022	9,716	2014	1/23/2024

Item 16: Form 10-K Summary

FAQ

What is Realty Income's insurance — accumulated depreciation?: Realty Income (O) reported insurance — accumulated depreciation of $364K in Q4 2025.
What does insurance — accumulated depreciation mean?: This metric represents the total depreciation expense recognized against the real estate assets in the insurance segment since their acquisition. It reflects the systematic allocation of the cost of tangible assets over their estimated useful lives. A higher accumulated depreciation relative to gross cost may indicate an aging portfolio that could require future capital reinvestment.