XML 73 R52.htm IDEA: XBRL DOCUMENT
v3.22.4

Merger with VEREIT, Inc. and Orion Office REIT Inc. Divestiture - Fair Value of Consideration (Details) - USD ($) $ / shares in Units, $ in Thousands | Nov. 01, 2021 | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | --- | ---
Fair value of the consideration transferred on the date of the acquisition |  |  |
Common stock and paid in capital, outstanding (in shares) |  | 660,300,195 | 591,261,991
VEREIT |  |  |
Fair value of the consideration transferred on the date of the acquisition |  |  |
Shares of VEREIT common stock and VEREIT OP common units exchanged (in shares) | 229,304,035 |  |
Exchange Ratio | 70.50% |  |
Shares of VEREIT common stock and VEREIT OP common units after conversion (in shares) | 161,659,345 |  |
Less: Fractional shares settled in cash (in shares) | (1,545) |  |
Shares of Realty Income common stock and Realty Income L.P. units issued (in shares) | 161,657,800 |  |
Adjusted opening price of Realty common stock on November 1, 2021 (in dollars per share) | $ 71.236 |  |
Fair value of Realty common stock issued to former holders of VEREIT common stock and VEREIT OP common units | $ 11,515,855 |  |
Fair value of VEREIT's equity-based compensation awards attributable to pre-combination services | 44,020 |  |
Total non-cash consideration | 11,559,875 |  |
Cash paid for fractional shares | 110 |  |
VEREIT indebtedness paid off in connection with the merger | 500,414 |  |
Consideration transferred | $ 12,060,399 |  |
VEREIT Inc |  |  |
Fair value of the consideration transferred on the date of the acquisition |  |  |
Common stock and paid in capital, outstanding (in shares) | 229,152,001 |  |
VEREIT OP |  |  |
Fair value of the consideration transferred on the date of the acquisition |  |  |
Common units outstanding (in units) | 152,034 |  |
Realty Income |  |  |
Fair value of the consideration transferred on the date of the acquisition |  |  |
Share price (in dollars per share) | $ 71.00 |  |
Dividend adjustment on share price (in dollars per share) | $ 0.236 |  |

X
- Definition Business Combination, Consideration Transferred, Equity-Based Awards Attributable To Precombination Services + References No definition available. + Details
Name: | o_BusinessCombinationConsiderationTransferredEquityBasedAwardsAttributableToPrecombinationServices
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Business Combination, Consideration Transferred, Noncash Consideration, Total + References No definition available. + Details
Name: | o_BusinessCombinationConsiderationTransferredNoncashConsiderationTotal
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Business Combination, Equity Held By Acquiree Prior To Transaction, Shares + References No definition available. + Details
Name: | o_BusinessCombinationEquityHeldByAcquireePriorToTransactionShares
Namespace Prefix: | o_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Business Combination, Equity Of Acquiree After Conversion, Shares + References No definition available. + Details
Name: | o_BusinessCombinationEquityOfAcquireeAfterConversionShares
Namespace Prefix: | o_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Business Combination, Fractional Shares Settled In Cash + References No definition available. + Details
Name: | o_BusinessCombinationFractionalSharesSettledInCash
Namespace Prefix: | o_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Merger Agreement, Conversion Metric For Outstanding Common Shares + References No definition available. + Details
Name: | o_MergerAgreementConversionMetricForOutstandingCommonShares
Namespace Prefix: | o_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Payments to Acquire Businesses, Fractional Shares + References No definition available. + Details
Name: | o_PaymentsToAcquireBusinessesFractionalShares
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Payments to Acquire Businesses, Repayment Of Debt + References No definition available. + Details
Name: | o_PaymentsToAcquireBusinessesRepaymentOfDebt
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Share Price, Dividend Adjustment + References No definition available. + Details
Name: | o_SharePriceDividendAdjustment
Namespace Prefix: | o_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of shares of equity interests issued or issuable to acquire entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(4) -URI https://asc.fasb.org/extlink&oid=126975305&loc=d3e6927-128479 + Details
Name: | us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionSharePrice
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126966197&loc=d3e6613-128477 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126975305&loc=d3e6927-128479 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126966197&loc=d3e6578-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126966197&loc=d3e6613-128477 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126966197&loc=d3e6578-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockSharesOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of common units of ownership outstanding of a limited liability company (LLC). + References No definition available. + Details
Name: | us-gaap_CommonUnitOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Price of a single share of a number of saleable stocks of a company. + References No definition available. + Details
Name: | us-gaap_SharePrice
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=o_VEREITMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=o_VEREITIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=o_VEREITOperatingPartnershipLPMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=o_RealtyIncomeCorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |