XML 96 R76.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Investments in Loans and Financing Receivables - Narrative (Details) £ in Millions, $ in Millions |  | 1 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Dec. 31, 2024 USD ($) | Dec. 31, 2024 USD ($) | Sep. 30, 2024 USD ($) | Nov. 30, 2023 GBP (£) | Oct. 31, 2023 USD ($) state property | Dec. 31, 2024 USD ($) | Dec. 31, 2024 GBP (£) | May 31, 2024 GBP (£)
Mortgage Loan |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Automotive service properties used as collateral | property |  |  |  |  | 9 |  |  |
Number of states in service | state |  |  |  |  | 7 |  |  |
Senior Secured Notes, 5.25%, Due November 2030 |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Financing receivables, net | £ |  |  |  |  |  |  | £ 200.0 |
Basis spread on variable rate (as a percent) | 5.25% |  |  |  |  |  |  |
Senior Secured Notes, 5.25%, Due November 2030 | Minimum |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 4.50% |  |  |  |  |  |
Senior Secured Notes, 5.25%, Due November 2030 | Maximum |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 5.25% |  |  |  |  |  |
8.125% Due May 2030 |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Financing receivables, net | $ 375.6 | $ 375.6 |  |  |  | $ 375.6 |  | £ 300.0
8.125% Due May 2030 | Senior Notes |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Stated interest rate (as a percent) |  |  |  |  |  |  |  | 8.125%
6.75% Due October 2029 |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  |  |  |  |  | 5.75% |  |
Senior Unsecured Notes | Senior Notes | Mortgage Loan |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Stated interest rate (as a percent) |  |  |  |  | 8.37% |  |  |
Spirit Realty Capital, Inc. |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Loan acquired in conjunction with acquisition, fair value |  |  | $ 5.3 |  |  |  |  |
Loss on sale |  |  | $ 1.5 |  |  |  |  |
Spirit Realty Capital, Inc. | Senior Unsecured Notes | Senior Notes |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Financing receivables, net | $ 11.0 | $ 11.0 |  |  |  | $ 11.0 |  |
Stated interest rate (as a percent) | 11.00% | 11.00% |  |  |  | 11.00% | 11.00% |
Other assets, fair value disclosure | $ 9.8 | $ 9.8 |  |  |  | $ 9.8 |  |
Senior Secured Notes |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Payments to acquire notes receivable | £ |  |  |  | £ 136.7 |  |  |  |
Senior Secured Notes | Senior Secured Notes, 5.25%, Due November 2030 |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Financing receivables, net | 250.4 | 250.4 |  |  |  | 250.4 |  |
Payments to acquire notes receivable | £ |  |  |  | 199.0 |  |  |  |
Senior Secured Notes | 6.75% Due October 2029 |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Financing receivables, net | $ 177.8 | $ 177.8 |  | £ 142.0 |  | $ 177.8 |  |
Real Estate Loan | Mortgage Loan | Residential Portfolio Segment |  |  |  |  |  |  |  |
Financing Receivable, Allowance for Credit Loss [Line Items] |  |  |  |  |  |  |  |
Mortgage loan issued |  |  |  |  | $ 33.5 |  |  |

X
- Definition Financing Receivable, Automotive Properties Used As Collateral + References No definition available. + Details
Name: | o_FinancingReceivableAutomotivePropertiesUsedAsCollateral
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Financing Receivable, Number Of States In Service + References No definition available. + Details
Name: | o_FinancingReceivableNumberOfStatesInService
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + 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(22)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph c -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amortized cost excluding accrued interest, after allowance for credit loss, of financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, before allowance for credit loss, of financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3B -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-3B Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount at purchase price of financing receivable purchased with credit deterioration. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 19 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-19 + Details
Name: | us-gaap_FinancingReceivablePurchasedWithCreditDeteriorationAmountAtPurchasePrice
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The difference between the carrying value and the sale price of an investment. A loss would be recognized when the sale price of the investment is less than the carrying value of the investment. This element refers to the Loss included in earnings and not to the cash proceeds of the sale. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 + Details
Name: | us-gaap_LossOnSaleOfInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fair value portion of other assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_OtherAssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The cash outflow to acquire an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13 + Details
Name: | us-gaap_PaymentsToAcquireNotesReceivable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=o_MortgageLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=o_SeniorSecuredNotes5.25DueNovember2030Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=o_SeniorSecuredNotes8.125DueMay2030Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=o_SeniorSecuredNotes6.75DueOctober2029Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=o_SeniorUnsecuredNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=o_SeniorSecuredNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_RealEstateLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |