What is Realty Income's paper — land?

Realty Income (O) reported paper — land of $2.46M in Q4 2025.

What does paper — land mean?

This metric reflects the total book value of land holdings within the specified business segment. As land is a non-depreciable asset, this value represents the portion of the segment's real estate portfolio that is expected to retain or appreciate in value over the long term. It is a fundamental indicator of the segment's core asset base.

Realty Income (O) Paper — 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—

Food Processing

$118.77M—

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—

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
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
Oil & Gas	1	—	754	436	—	—	754	436	1,190	34	1993	1/23/2024
Other Manufacturing	45	—	69,439	431,192	3,442	240	69,439	434,874	504,313	46,547	2024	10/17/2025
Packaging	36	—	74,715	422,977	4,505	—	74,715	427,482	502,197	75,250	2016	9/29/2025
Paper	2	—	2,462	11,935	45	—	2,462	11,980	14,442	5,964	2006	12/21/2012

Item 16: Form 10-K Summary

FAQ

What is Realty Income's paper — land?: Realty Income (O) reported paper — land of $2.46M in Q4 2025.
What does paper — land mean?: This metric reflects the total book value of land holdings within the specified business segment. As land is a non-depreciable asset, this value represents the portion of the segment's real estate portfolio that is expected to retain or appreciate in value over the long term. It is a fundamental indicator of the segment's core asset base.