XML 60 R50.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Investments in Real Estate - Acquisitions (Details) ft² in Thousands, $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2022 USD ($) ft² property | Sep. 30, 2021 USD ($) ft² property
Real Estate [Line Items] |  |
Number of properties | property | 766 | 536
Leasable square feet (sq ft) | ft² | 21,501 | 16,571
Investment | $ 5,098,600 | $ 3,775,900
Weighted average lease term (years) | 12 years 8 months 12 days | 12 years 7 months 6 days
Initial weighted average cash lease yield (percent) | 5.80% | 5.50%
Settlement credits as reimbursement for acquired rent free period | $ 8,000 | $ 3,200
Rental revenue generated from acquisitions from investment grade tenants (as a percent) | 30.00% | 43.00%
Retail |  |
Real Estate [Line Items] |  |
Property type acquired based on rental revenue (as a percent) | 90.60% | 80.20%
Industrial |  |
Real Estate [Line Items] |  |
Property type acquired based on rental revenue (as a percent) | 9.30% | 19.80%
New properties |  |
Real Estate [Line Items] |  |
Number of properties, new | property | 639 | 486
Leasable square feet (sq ft) | ft² | 18,300 | 14,444
Investment | $ 4,682,200 | $ 3,593,900
Weighted average lease term (years) | 12 years 6 months | 12 years 4 months 24 days
Initial weighted average cash lease yield (percent) | 5.90% | 5.50%
New properties | U.S. |  |
Real Estate [Line Items] |  |
Number of properties, new | property | 561 | 415
Leasable square feet (sq ft) | ft² | 9,396 | 9,227
Investment | $ 2,623,600 | $ 2,073,100
Weighted average lease term (years) | 15 years 1 month 6 days | 13 years 9 months 18 days
Initial weighted average cash lease yield (percent) | 5.90% | 5.50%
New properties | Europe (UK) |  |
Real Estate [Line Items] |  |
Number of properties, new | property | 78 | 71
Leasable square feet (sq ft) | ft² | 8,904 | 5,217
Investment | $ 2,058,600 | $ 1,520,800
Weighted average lease term (years) | 8 years 10 months 24 days | 10 years 6 months
Initial weighted average cash lease yield (percent) | 5.80% | 5.50%
Properties under development |  |
Real Estate [Line Items] |  |
Number of properties, under development | property | 127 | 50
Leasable square feet (sq ft) | ft² | 3,201 | 2,127
Investment | $ 416,400 | $ 182,000
Weighted average lease term (years) | 15 years 7 months 6 days | 15 years 9 months 18 days
Initial weighted average cash lease yield (percent) | 5.60% | 5.90%

X
- Definition Represents the percentage of the real estate properties acquired during the period by the type of real estate. + References No definition available. + Details
Name: | o_AcquiredPropertiesPercentageByTypeOfRealEstate
Namespace Prefix: | o_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

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 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 Rental Revenue Generated From Acquisitions, Investment Grade Tenants, Percentage + References No definition available. + Details
Name: | o_RentalRevenueGeneratedFromAcquisitionsInvestmentGradeTenantsPercentage
Namespace Prefix: | o_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Settlement Credits For Acquired Properties As Reimbursement For Rent Free Period + References No definition available. + Details
Name: | o_SettlementCreditsForAcquiredPropertiesAsReimbursementForRentFreePeriod
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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 https://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_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_RetailSiteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_IndustrialPropertyMember
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: | srt_StatementGeographicalAxis=srt_EuropeMember
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: |