XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Term Loans | 6 Months Ended
--- | ---
Jun. 30, 2016
Term Loans |
Term Loans | 6. Term Loans In June 2015, in conjunction with entering into our credit facility, we entered into a $250 million senior unsecured term loan maturing on June 30, 2020. Borrowing under this term loan bears interest at the current one month LIBOR, plus 0.95%. In conjunction with this term loan, we also entered into an interest rate swap which effectively fixes our per annum interest rate on this term loan at 2.67%. In January 2013, in conjunction with our acquisition of American Realty Capital Trust, Inc., or ARCT, we entered into a $70 million senior unsecured term loan maturing January 21, 2018. Borrowing under this term loan bears interest at the current one month LIBOR, plus 1.2%. In conjunction with this term loan, we also entered into an interest rate swap which effectively fixes our per annum interest rate on this term loan at 2.15%. Deferred financing costs of $1.2 million incurred in conjunction with the $250 million term loan and $303,000 incurred in conjunction with the $70 million term loan are being amortized over the remaining terms of each respective term loan. The net balance of these deferred financing costs, which was $1.0 million at June 30, 2016, and $1.2 million at December 31, 2015, is included within term loans, net on our consolidated balance sheets.

X
- References No definition available. + Details
Name: | o_TermLoanDisclosureAbstract
Namespace Prefix: | o_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about term loan arrangements, which includes amounts of borrowings under unsecured term loan facilities in conjunction with acquisition. + References No definition available. + Details
Name: | o_TermLoanDisclosureTextBlock
Namespace Prefix: | o_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration