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Noncontrolling Interests (Tables) | 12 Months Ended
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Dec. 31, 2023
Noncontrolling Interest [Abstract] |
Schedule of the Change in the Carrying Value of all Noncontrolling Interests | The following table represents the change in the carrying value of all noncontrolling interests through December 31, 2023 (in thousands):
| Realty Income, L.P. units (1) |  | Other Noncontrolling Interests |  | Total |  |
Carrying value at December 31, 2021 | $ | 62,416 |  |  | $ | 14,410 |  |  | $ | 76,826 |  |  |
Contributions (2) | 51,221 |  |  | — |  |  | 51,221 |  |  |
Reallocation of equity | 3,210 |  |  | — |  |  | 3,210 |  |  |
Distributions | (3,818) |  |  | (307) |  |  | (4,125) |  |  |
Allocation of net income | 2,772 |  |  | 236 |  |  | 3,008 |  |  |
Carrying value at December 31, 2022 | $ | 115,801 |  |  | $ | 14,339 |  |  | $ | 130,140 |  |  |
Contributions (3) | — |  |  | 40,097 |  |  | 40,097 |  |  |
Distributions (4) | (5,663) |  |  | (3,677) |  |  | (9,340) |  |  |
Allocation of net income | 3,934 |  |  | 671 |  |  | 4,605 |  |  |
Carrying value at December 31, 2023 | $ | 114,072 |  |  | $ | 51,430 |  |  | $ | 165,502 |  |  |
(1) 1,795,167 units were outstanding as of both December 31, 2023 and December 31, 2022. 1,060,709 units were outstanding as of December 31, 2021. (2) In September 2022, we issued 734,458 common partnership units in Realty Income, L.P. in connection with the acquisition of nine properties and recorded $51.2 million of contributions to noncontrolling interests. (3) Primarily related to contributions of $39.2 million for the issuance of a 5.0% joint venture interest as partial consideration paid on property acquisitions. The remaining amount represents contributions for two development joint ventures. (4) Includes 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 year ended December 31, 2023.

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- Definition Tabular disclosure of the change in minority interest. + References No definition available. + Details
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