XML 61 R50.htm IDEA: XBRL DOCUMENT
v3.19.2

Investments in Real Estate - Schedule of Acquisitions (Details) £ in Millions, ft² in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 GBP (£) ft² property | Jun. 30, 2019 USD ($) ft² property | Jun. 30, 2018 USD ($) ft² property | Jun. 30, 2019 USD ($) ft² property | Jun. 30, 2018 USD ($) ft² property
Real Estate [Line Items] |  |  |  |  |
Number of properties | property | 102 | 102 | 190 | 199 | 358
Square feet (sq ft) | ft² | 3.8 | 3.8 | 1.9 | 5.7 | 2.8
Investment | $ |  | $ 1,094.7 | $ 347.0 | $ 1,614.2 | $ 856.8
Weighted average lease term (years) | 14 years 9 months 18 days | 14 years 9 months 18 days | 13 years 7 months 6 days | 15 years 7 months 6 days | 13 years 9 months 18 days
Initial average cash lease yield (percent) | 6.10% | 6.10% | 6.50% | 6.30% | 6.30%
New properties |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |
Number of properties, new | property | 90 | 90 |  | 187 |
Square feet (sq ft) | ft² | 3.4 | 3.4 |  | 5.3 |
Investment | $ |  | $ 1,081.5 |  | $ 1,590.1 |
Weighted average lease term (years) | 14 years 9 months 18 days | 14 years 9 months 18 days |  | 15 years 6 months |
Initial average cash lease yield (percent) | 6.10% | 6.10% |  | 6.30% |
New properties | U.S. |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |
Number of properties, new | property | 78 | 78 | 180 | 175 | 348
Square feet (sq ft) | ft² | 2.3 | 2.3 | 1.0 | 4.2 | 1.8
Investment | $ |  | $ 532.3 | $ 286.5 | $ 1,040.9 | $ 792.5
Weighted average lease term (years) | 14 years 9 months 18 days | 14 years 9 months 18 days | 14 years 2 months 12 days | 15 years 10 months 24 days | 14 years 1 month 6 days
Initial average cash lease yield (percent) | 6.90% | 6.90% | 6.50% | 6.80% | 6.30%
New properties | U.K. |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |
Number of properties, new | property | 12 | 12 |  | 12 |
Square feet (sq ft) | ft² | 1.1 | 1.1 |  | 1.1 |
Investment | £ 433.9 | $ 549.2 |  | $ 549.2 |
Weighted average lease term (years) | 14 years 9 months 18 days | 14 years 9 months 18 days |  | 14 years 9 months 18 days |
Initial average cash lease yield (percent) | 5.30% | 5.30% |  | 5.30% |
Properties under development | U.S. |  |  |  |  |
Real Estate [Line Items] |  |  |  |  |
Number of properties, under development | property | 12 | 12 | 10 | 12 | 10
Square feet (sq ft) | ft² | 0.4 | 0.4 | 0.9 | 0.4 | 1.0
Investment | $ |  | $ 13.2 | $ 60.5 | $ 24.1 | $ 64.3
Weighted average lease term (years) | 15 years 10 months 24 days | 15 years 10 months 24 days | 10 years 8 months 12 days | 16 years 6 months | 10 years 9 months 18 days
Initial average cash lease yield (percent) | 7.30% | 7.30% | 6.70% | 7.20% | 6.70%

X
- Definition For new properties during the period, the weighted average contractual lease rate computed as estimated contractual net operating income (in a net-leased property that is equal to the aggregate base rent or, in the case of properties under development, the estimated aggregate base rent under the lease) for the first year of each lease, divided by the estimated total cost of the properties. + References No definition available. + Details
Name: | o_AcquiredPropertiesWeightedAverageContractualLeaseRate
Namespace Prefix: | o_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Average period of time covered by real estate lease contracts. + References No definition available. + Details
Name: | o_AverageLeaseTerm
Namespace Prefix: | o_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Real Estate Property Investments, Area Of Real Estate Property Acquired + References No definition available. + Details
Name: | o_RealEstatePropertyInvestmentsAreaOfRealEstatePropertyAcquired
Namespace Prefix: | o_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | duration

X
- Definition Real Estate Property Investments, Number Of New Properties + References No definition available. + Details
Name: | o_RealEstatePropertyInvestmentsNumberOfNewProperties
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of new properties and properties under development in which the entity invested during the period. + References No definition available. + Details
Name: | o_RealEstatePropertyInvestmentsNumberOfNewPropertiesAndPropertiesUnderDevelopment
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Real Estate Property Investments, Number Of Properties Under Development + References No definition available. + Details
Name: | o_RealEstatePropertyInvestmentsNumberOfPropertiesUnderDevelopment
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Real Estate Property Investments, Value Of Properties Acquired + References No definition available. + Details
Name: | o_RealEstatePropertyInvestmentsValueOfPropertiesAcquired
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_RealEstateLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=o_PropertiesNewMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_US
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_GB
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=o_PropertiesUnderDevelopmentOrExpansionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |