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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2026
Equity [Abstract] |
Stockholders' Equity | Note 12 – Stockholders’ Equity Common Stock The Company was initially capitalized on July 15, 2021 with the issuance of 100,000 shares of common stock to Realty Income for a total of $1,000. On November 10, 2021, the Company issued 56,525,650 additional shares of common stock to Realty Income, such that Realty Income owned 56,625,650 shares of the Company’s common stock. On November 12, 2021, Realty Income effected the Distribution. Distributions During the six months ended June 30, 2026 and 2025, the Company’s Board of Directors declared quarterly cash dividends on shares of the Company’s common stock as follows:
Declaration Date |  | Record Date |  | Paid Date |  | Distributions Per Share
March 4, 2026 |  | March 31, 2026 |  | April 15, 2026 |  | $ | 0.02 |
May 5, 2026 |  | June 30, 2026 |  | July 15, 2026 |  | $ | 0.02 |
Declaration Date |  | Record Date |  | Paid Date |  | Distributions Per Share
March 4, 2025 |  | March 31, 2025 |  | April 15, 2025 |  | $ | 0.02 |
May 6, 2025 |  | June 30, 2025 |  | July 15, 2025 |  | $ | 0.02 |
On August 5, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.02 per share for the third quarter of 2026, payable on October 15, 2026, to stockholders of record as of September 30, 2026.

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