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Organization and Operation
12 Months Ended
Dec. 31, 2017
Organization and Operation  
Organization and Operation

1.                                     Organization and Operation

 

Realty Income Corporation (“Realty Income,” the “Company,” “we,” “our” or “us”) is organized as a Maryland corporation. We invest in commercial real estate and have elected to be taxed as a real estate investment trust, or REIT.

 

At December 31, 2017, we owned 5,172 properties, located in 49 states and Puerto Rico, containing over 89.6 million leasable square feet.

 

Information with respect to number of properties, square feet, average initial lease term and weighted average contractual lease rate is unaudited.