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Noncontrolling Interests | 3 Months Ended
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Mar. 31, 2023
Noncontrolling Interest [Abstract] |
Noncontrolling Interests | Noncontrolling InterestsThere are four entities with noncontrolling interests that we consolidate, consisting of our operating partnership, (Realty Income, L.P.), a joint venture acquired in December 2019, and two development joint ventures (one acquired in December 2020 and one acquired in May 2021). The following table represents the change in the carrying value of all noncontrolling interests through March 31, 2023 (dollars in thousands):
| Realty Income, L.P. units (1) |  | Other Noncontrolling Interests |  | Total |  |
Carrying value at December 31, 2022 | $ | 115,801 |  |  | $ | 14,339 |  |  | $ | 130,140 |  |  |
Distributions (2) | (1,411) |  |  | (1,603) |  |  | (3,014) |  |  |
Allocation of net income | 973 |  |  | 133 |  |  | 1,106 |  |  |
Carrying value at March 31, 2023 | $ | 115,363 |  |  | $ | 12,869 |  |  | $ | 128,232 |  |  |
(1) 1,795,167 units were outstanding as of March 31, 2023 and December 31, 2022. (2) Include a non-cash reduction of noncontrolling interest of $1.5 million from our partner's responsibility to absorb construction cost overages for a development joint venture during the three months ended March 31, 2023.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI https://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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