What does transportation services — carrying costs mean?

The ongoing expenses associated with holding real estate assets in the transportation services segment, such as property taxes, insurance, and maintenance. These costs are incurred regardless of the occupancy status of the properties.

Realty Income (O) Transportation Services — Carrying Costs

Screener

Other product segments

Restaurants-Casual

$1.32M—

Automotive Parts

$827K—

Child Care

$640K—

General Merchandise

$463K—

Crafts and Novelties

$440K—

Office Supplies

$339K—

Grocery

$325K—

Other Manufacturing

$240K—

Pet Supplies and Services

$239K—

Shoe Stores

$215K—

Apparel

$199K—

Health Care

$198K—

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
Sporting Goods	70	—	172,542	437,490	7,431	178	172,542	445,099	617,641	94,012	2020	1/23/2024
Telecommunications	6	—	4,688	12,630	611	11	4,688	13,252	17,940	3,785	2016	1/23/2024
Theaters	97	—	262,870	763,413	11,765	—	262,870	775,178	1,038,048	336,842	2018	10/29/2025
Transportation Services	92	—	232,078	1,196,337	25,693	402	232,078	1,222,432	1,454,510	333,072	2020	12/31/2025
Warehousing and Storage	2	—	1,442	15,178	—	—	1,442	15,178	16,620	4,257	2007	11/1/2021
Wholesale Club	69	—	353,564	899,101	51	—	353,564	899,152	1,252,716	248,674	2021	1/27/2025
Other U.S.	33	—	65,880	177,863	9,811	—	65,880	187,674	253,554	20,302	2021	11/19/2024
Europe

Item 16: Form 10-K Summary

FAQ

What is Realty Income's transportation services — carrying costs?: Realty Income (O) reported transportation services — carrying costs of $402K in Q4 2025.
What does transportation services — carrying costs mean?: The ongoing expenses associated with holding real estate assets in the transportation services segment, such as property taxes, insurance, and maintenance. These costs are incurred regardless of the occupancy status of the properties.