XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.24.3

Supplemental Detail for Certain Components of Consolidated Balance Sheets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Disclosure Text Block Supplement [Abstract] |
Schedule of Accounts Receivable, Net |
A. | Accounts receivable, net, consist of the following at: | September 30, 2024 |  | December 31, 2023
| Straight-line rent receivables, net | $ | 662,569 |  |  | $ | 516,692 |
| Client receivables, net | 172,759 |  |  | 193,844 |
|  | $ | 835,328 |  |  | $ | 710,536 |
The following table presents information about our loans as of September 30, 2024 and December 31, 2023 (dollars in thousands):
|  |  |  | September 30, 2024
|  | Maturity Date |  | Amortized Cost |  | Allowance |  | Carrying Amount (1)
Senior Secured Notes Receivable |  | October 2029 - May 2030 |  | $ | 586,414 |  |  | $ | (6,476) |  |  | $ | 579,938 |
Mortgage Loans |  | September 2038 |  | 33,500 |  |  | — |  |  | 33,500 |
Unsecured Loan |  | December 2026 |  | 10,053 |  |  | (898) |  |  | 9,155 |
Total |  |  |  | $ | 629,967 |  |  | $ | (7,374) |  |  | $ | 622,593 |
|  |  |  | December 31, 2023
|  | Maturity Date |  | Amortized Cost |  | Allowance |  | Carrying Amount (1)
Senior Secured Note Receivable |  | October 2029 |  | $ | 174,337 |  |  | $ | (2,498) |  |  | $ | 171,839 |
Mortgage Loan |  | September 2038 |  | 33,500 |  |  | — |  |  | 33,500 |
Total |  |  |  | $ | 207,837 |  |  | $ | (2,498) |  |  | $ | 205,339 |
(1) The total carrying amount of the investment in loans excludes accrued interest of $23.5 million and $3.4 million as of September 30, 2024 and December 31, 2023, respectively, which is recorded to 'Other assets, net' on our consolidated balance sheets.
Schedule of Lease Intangible Assets, Net |
B. | Lease intangible assets, net, consist of the following at: | September 30, 2024 |  | December 31, 2023
| In-place leases | $ | 7,393,345 |  |  | $ | 5,500,404 |
| Above-market leases | 2,225,473 |  |  | 1,811,400 |
| Accumulated amortization of in-place leases | (2,318,087) |  |  | (1,746,377) |
| Accumulated amortization of above-market leases | (702,732) |  |  | (549,319) |
| Other items | 2,059 |  |  | 1,799 |
|  | $ | 6,600,058 |  |  | $ | 5,017,907 |
Schedule of Other Assets, Net |
C. | Other assets, net, consist of the following at: | September 30, 2024 |  | December 31, 2023
| Financing receivables, net | $ | 1,500,862 |  |  | $ | 1,570,943 |
| Right of use asset - financing leases, net | 671,831 |  |  | 706,837 |
| Right of use asset - operating leases, net | 624,939 |  |  | 594,712 |
| Loan receivable, net | 622,593 |  |  | 205,339 |
| Prepaid expenses | 58,520 |  |  | 33,252 |
| Value-added tax receivable | 49,412 |  |  | 100,672 |
| Non-refundable escrow deposits | 38,750 |  |  | 200 |
| Restricted escrow deposits | 37,317 |  |  | 6,247 |
| Interest receivable | 25,712 |  |  | 6,139 |
| Derivative assets and receivables - at fair value | 15,524 |  |  | 21,170 |
| Impounds related to mortgages payable | 13,604 |  |  | 53,005 |
| Corporate assets, net | 12,576 |  |  | 12,948 |
| Credit facility origination costs, net | 8,564 |  |  | 12,264 |
| Investment in sales type lease | 6,120 |  |  | 6,056 |
| Other items | 49,849 |  |  | 38,859 |
|  | $ | 3,736,173 |  |  | $ | 3,368,643 |
Schedule of Account Payable and Accrued Expenses |
D. | Accounts payable and accrued expenses consist of the following at: | September 30, 2024 |  | December 31, 2023
| Notes payable - interest payable | $ | 245,089 |  |  | $ | 218,811 |
| Derivative liabilities and payables - at fair value | 158,024 |  |  | 119,620 |
| Property taxes payable | 104,752 |  |  | 78,809 |
| Accrued costs on properties under development | 78,833 |  |  | 65,967 |
| Accrued income taxes | 77,287 |  |  | 61,070 |
| Accrued property expenses | 63,912 |  |  | 54,208 |
| Value-added tax payable | 55,676 |  |  | 64,885 |
| Accrued merger-related costs | 18,786 |  |  | 4,551 |
| Mortgages, term loans, and credit line - interest payable | 4,239 |  |  | 8,580 |
| Other items | 73,524 |  |  | 62,025 |
|  | $ | 880,122 |  |  | $ | 738,526 |
Schedule of Lease Intangible Liabilities, Net |
E. | Lease intangible liabilities, net, consist of the following at: | September 30, 2024 |  | December 31, 2023
| Below-market leases | $ | 2,120,722 |  |  | $ | 1,728,027 |
| Accumulated amortization of below-market leases | (444,173) |  |  | (321,174) |
|  | $ | 1,676,549 |  |  | $ | 1,406,853 |
Schedule of Other Liabilities |
F. | Other liabilities consist of the following at: | September 30, 2024 |  | December 31, 2023
| Lease liability - operating leases | $ | 458,545 |  |  | $ | 425,213 |
| Rent received in advance and other deferred revenue | 317,206 |  |  | 312,195 |
| Lease liability - financing leases | 55,262 |  |  | 44,345 |
| Security deposits | 31,008 |  |  | 28,250 |
| Other acquisition liabilities | 1,662 |  |  | 1,647 |
|  | $ | 863,683 |  |  | $ | 811,650 |

X
- Definition Tabular disclosure of the acquired lease intangible assets. + References No definition available. + Details
Name: | o_ScheduleOfAcquiredLeaseIntangibleAssetsTableTextBlock
Namespace Prefix: | o_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the acquired lease intangible liabilities. + References No definition available. + Details
Name: | o_ScheduleOfAcquiredLeaseIntangibleLiabilitiesTableTextBlock
Namespace Prefix: | o_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of other liabilities. + References No definition available. + Details
Name: | us-gaap_OtherLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration