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Noncontrolling Interests | 9 Months Ended
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Sep. 30, 2024
Noncontrolling Interest [Abstract] |
Noncontrolling Interests | Noncontrolling Interests As of September 30, 2024, we have eight entities with noncontrolling interests that we consolidate, including an operating partnership, Realty Income, L.P., and interests in consolidated property partnerships not wholly-owned by us. The following table represents the change in the carrying value of all noncontrolling interests through September 30, 2024 (in thousands):
| Realty Income, L.P. units (1) |  | Other Noncontrolling Interests |  | Total |  |
Carrying value at December 31, 2023 | $ | 114,072 |  |  | $ | 51,430 |  |  | $ | 165,502 |  |  |
Contributions | — |  |  | 1,770 |  |  | 1,770 |  |  |
Distributions | (4,627) |  |  | (2,811) |  |  | (7,438) |  |  |
Allocation of net income | 4,287 |  |  | 544 |  |  | 4,831 |  |  |
Issuance of common partnership units (2) | 54,643 |  |  | (7,390) |  |  | 47,253 |  |  |
Carrying value at September 30, 2024 | $ | 168,375 |  |  | $ | 43,543 |  |  | $ | 211,918 |  |  |
(1) 2,681,808 and 1,795,167 units were outstanding as of September 30, 2024 and December 31, 2023, respectively. (2) In July 2024, a joint venture partner converted their interests in two consolidated property partnerships into 156,621 common partnership units in Realty Income, LP and recorded the excess over carrying value of $0.8 million as a reduction to common stock and paid in capital. In September 2024, we completed the acquisition of 42 properties by paying cash and by issuing 730,020 common partnership units in Realty Income, LP. At September 30, 2024, we are considered the primary beneficiary of Realty Income, L.P. and other VIEs. For further information, see note 1, Summary of Significant Accounting Policies

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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 -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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- References No definition available. + Details
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