XML 64 R53.htm IDEA: XBRL DOCUMENT
v3.21.2

Investments in Real Estate - Acquisitions (Details) $ in Thousands, £ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2021 USD ($) ft² property state | Jun. 30, 2021 GBP (£) ft² property state | Jun. 30, 2020 USD ($) ft² property state | Jun. 30, 2020 GBP (£) ft² property state
Real Estate [Line Items] |  |  |  |
Number of properties | property | 254 | 254 | 94 | 94
Leasable square feet (sq ft) | ft² | 9,634,167 | 9,634,167 | 2,519,318 | 2,519,318
Investment | $ | $ 2,161,914 |  | $ 640,204 |
Weighted average lease term (years) | 12 years | 12 years | 13 years 7 months 6 days | 13 years 7 months 6 days
Initial average cash lease yield (percent) | 5.50% | 5.50% | 6.10% | 6.10%
U.K. |  |  |  |
Real Estate [Line Items] |  |  |  |
Investment | £ |  | £ 715.1 |  | £ 180.1
New properties |  |  |  |
Real Estate [Line Items] |  |  |  |
Number of properties, new | property | 214 | 214 | 86 | 86
Leasable square feet (sq ft) | ft² | 7,618,175 | 7,618,175 | 2,339,656 | 2,339,656
Investment | $ | $ 2,047,116 |  | $ 636,335 |
Weighted average lease term (years) | 11 years 9 months 18 days | 11 years 9 months 18 days | 13 years 7 months 6 days | 13 years 7 months 6 days
Initial average cash lease yield (percent) | 5.50% | 5.50% | 6.10% | 6.10%
New properties | U.S. |  |  |  |
Real Estate [Line Items] |  |  |  |
Number of properties, new | property | 173 | 173 | 80 | 80
Number of states | state | 29 | 29 | 25 | 25
Leasable square feet (sq ft) | ft² | 4,484,715 | 4,484,715 | 1,851,346 | 1,851,346
Investment | $ | $ 1,052,333 |  | $ 412,584 |
Weighted average lease term (years) | 13 years 8 months 12 days | 13 years 8 months 12 days | 14 years 4 months 24 days | 14 years 4 months 24 days
Initial average cash lease yield (percent) | 5.50% | 5.50% | 6.50% | 6.50%
New properties | U.K. |  |  |  |
Real Estate [Line Items] |  |  |  |
Number of properties, new | property | 41 | 41 | 6 | 6
Leasable square feet (sq ft) | ft² | 3,133,460 | 3,133,460 | 488,310 | 488,310
Investment | $ | $ 994,783 |  | $ 223,751 |
Weighted average lease term (years) | 9 years 9 months 18 days | 9 years 9 months 18 days | 11 years 9 months 18 days | 11 years 9 months 18 days
Initial average cash lease yield (percent) | 5.60% | 5.60% | 5.30% | 5.30%
Properties under development | U.S. |  |  |  |
Real Estate [Line Items] |  |  |  |
Number of properties, under development | property | 40 | 40 | 8 | 8
Leasable square feet (sq ft) | ft² | 2,015,992 | 2,015,992 | 179,662 | 179,662
Investment | $ | $ 114,798 |  | $ 3,869 |
Weighted average lease term (years) | 15 years 7 months 6 days | 15 years 7 months 6 days | 10 years 6 months | 10 years 6 months
Initial average cash lease yield (percent) | 5.70% | 5.70% | 8.80% | 8.80%

X
- Definition Asset Acquisition, Initial Average Cash Lease Yield For Acquired Properties, Percentage + References No definition available. + Details
Name: | o_AssetAcquisitionInitialAverageCashLeaseYieldForAcquiredPropertiesPercentage
Namespace Prefix: | o_
Data Type: | dtr-types:percentItemType
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: | dtr-types: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, Number Of States With Acquired Properties + References No definition available. + Details
Name: | o_RealEstatePropertyInvestmentsNumberOfStatesWithAcquiredProperties
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the net assets recorded as part of the real estate acquisition. + References No definition available. + Details
Name: | o_RealEstatePropertyInvestmentsValueOfPropertiesAcquired
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Term of lessor's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919359-209981 + Details
Name: | us-gaap_LessorOperatingLeaseTermOfContract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | instant

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: | srt_StatementGeographicalAxis=country_GB
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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