Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

			Initial Cost to Company		Cost Capitalized Subsequent to Acquisition		Gross Amount at Which Carried at Close of Period (Notes 3, 4 and 6)
Description	Number of Properties (Note 1)	Encumbrances (Note 2)	Land	Buildings, Improvements and Acquisition Fees	Improvements	Carrying Costs	Land	Buildings, Improvements and Acquisition Fees	Total	Accumulated Depreciation (Note 5)	Date of Construction	Date Acquired	Life on which depreciation in latest Income Statement is Computed (in Years)
U.S.
Aerospace	5	12,811,485	6,890,774	110,783,380	222,669	—	6,890,774	111,006,049	117,896,823	32,439,224	1994-2013	6/20/2011-6/27/2013	25-35
Apparel stores	37	13,925,000	73,267,619	183,914,767	3,472,987	199,362	73,267,619	187,587,116	260,854,735	48,433,166	1970-2012	10/30/1987-10/6/2020	4-25
Automotive collision services	83	—	59,995,209	140,125,701	1,800,680	10,000	59,995,209	141,936,381	201,931,590	33,434,601	1928-2020	8/30/2002-7/7/2020	19-25
Automotive parts	251	—	98,784,470	252,803,413	4,702,685	826,885	98,784,470	258,332,983	357,117,453	73,960,839	1969-2020	8/6/1987-10/28/2020	15-25
Automotive service	319	—	156,569,614	244,468,843	513,914	147,524	156,569,614	245,130,281	401,699,895	73,360,221	1920-2019	10/2/1985-12/23/2020	14-25
Automotive tire services	202	—	126,835,381	234,004,107	727,127	97,335	126,835,381	234,828,569	361,663,950	123,637,853	1947-2017	11/27/1985-12/14/2020	10-25
Beverages	20	—	217,138,252	174,982,150	—	147	217,138,252	174,982,297	392,120,549	44,754,449	1992-2020	6/25/2010-11/9/2020	25-35
Book Stores	1	—	998,250	3,696,707	129,751	79	998,250	3,826,537	4,824,787	3,590,046	1996	3/11/1997	25
Child care	278	—	98,644,904	221,368,767	5,240,741	901,323	98,644,904	227,510,831	326,155,735	109,437,582	1958-2018	12/22/1981-10/30/2020	4-25
Consumer electronics	12	—	22,731,086	28,326,134	939,944	51,616	22,731,086	29,317,694	52,048,780	12,093,963	1992-2003	6/9/1997-12/7/2020	23-25
Consumer goods	4	—	7,663,458	124,173,738	894,295	—	7,663,458	125,068,033	132,731,491	26,065,011	1987-2011	1/22/2013-9/22/2015	34-35
Convenience stores	1,255	—	1,067,078,213	1,402,601,795	(598,228)	145,384	1,067,078,213	1,402,148,951	2,469,227,164	368,222,563	1949-2020	3/3/1995-10/30/2020	5-25
Crafts and novelties	29	—	53,819,025	124,854,660	995,404	440,482	53,819,025	126,290,546	180,109,571	18,551,249	1974-2020	11/26/1996-9/29/2020	22-34
Diversified industrial	8	9,790,000	12,501,884	140,181,089	139,970	—	12,501,884	140,321,059	152,822,943	21,274,393	1987-2015	9/19/2012-10/30/2020	25-35
Dollar stores	1,337	11,127,000	436,860,261	1,283,734,718	1,749,982	8,879	436,860,261	1,285,493,579	1,722,353,840	302,143,582	1935-2020	2/3/1998-11/6/2020	21-25
Drug stores	384	123,224,723	575,380,313	1,331,712,483	3,288,007	100,379	575,380,313	1,335,100,869	1,910,481,182	355,374,686	1965-2015	9/30/1998-12/16/2019	9-35
Education	13	—	5,689,836	19,699,816	389,722	130,135	5,689,836	20,219,673	25,909,509	16,215,093	1980-2000	12/19/1984-6/28/2006	12-25
Electric utilities	1	—	1,450,000	9,209,989	—	—	1,450,000	9,209,989	10,659,989	1,941,726	1983	8/30/2013	35
Entertainment	10	—	28,373,479	10,617,464	515,457	—	28,373,479	11,132,921	39,506,400	6,634,393	1989-1999	3/26/1998-9/11/2014	24-25
Equipment services	6	—	3,889,283	38,989,570	650,489	140	3,889,283	39,640,199	43,529,482	11,916,443	2000-2014	7/3/2003-12/2/2019	25-35
Financial services	238	—	115,289,112	351,027,648	(4,403,463)	101,099	115,289,112	346,725,284	462,014,396	87,506,735	1807-2015	3/10/1987-6/29/2018	15-35
Food processing	6	28,533,002	13,025,055	151,759,842	210,468	—	13,025,055	151,970,310	164,995,365	25,524,794	1988-2019	4/1/2011-9/27/2019	25-35
General merchandise	122	—	199,207,356	619,215,984	(6,200,698)	557,868	199,207,356	613,573,154	812,780,510	81,974,326	1954-2020	8/6/1987-12/23/2020	15-35
Government services	16	—	8,093,555	121,520,749	3,517,744	—	8,093,555	125,038,493	133,132,048	29,653,734	1983-2011	9/17/2009-1/22/2013	25-35
Grocery stores	132	38,621,000	276,250,552	783,434,945	1,821,243	325,183	276,250,552	785,581,371	1,061,831,923	154,197,849	1948-2020	5/26/1988-12/22/2020	20-35
Health and beauty	2	—	2,475,474	43,935,914	—	—	2,475,474	43,935,914	46,411,388	3,256,609	2005-2017	11/1/2006-4/13/2018	25-35
Health and fitness	103	—	251,062,948	1,054,810,217	7,735,262	172,145	251,062,948	1,062,717,624	1,313,780,572	262,990,060	1940-2019	5/31/1995-3/19/2020	23-25
Health care	66	—	51,510,133	298,522,788	4,046,245	1,285,766	51,510,133	303,854,799	355,364,932	66,121,271	1930-2018	9/9/1991-12/2/2019	16-35
Home furnishings	64	9,700,000	31,810,693	109,453,697	2,365,455	127,944	31,810,693	111,947,096	143,757,789	34,126,430	1968-2015	1/24/1984-1/13/2020	15-35
Home improvement	83	6,095,360	224,674,137	465,949,401	2,472,665	75,210	224,674,137	468,497,276	693,171,413	84,948,975	1950-2015	12/22/1986-11/23/2020	23-35
Insurance	1	—	634,343	6,331,030	—	—	634,343	6,331,030	6,965,373	2,120,895	2012	8/28/2012	25
Jewelry	4	—	—	8,268,989	—	—	—	8,268,989	8,268,989	2,632,294	2006-2008	1/22/2013	25
Machinery	1	—	1,630,917	12,938,430	—	—	1,630,917	12,938,430	14,569,347	4,377,502	2010	7/31/2012	25
Motor vehicle dealerships	28	—	115,897,045	143,335,317	—	231	115,897,045	143,335,548	259,232,593	56,030,088	1975-2017	5/13/2004-3/29/2019	25
Office supplies	7	—	8,281,041	13,776,478	875,115	349,599	8,281,041	15,001,192	23,282,233	12,683,737	1995-2014	1/29/1997-12/2/2019	23-25
Other manufacturing	7	23,664,607	8,893,136	78,526,394	1,676,794	239,723	8,893,136	80,442,911	89,336,047	14,216,221	1989-2016	1/22/2013-12/21/2016	34-35
Packaging	10	1,809,877	20,323,553	163,114,123	2,480,121	—	20,323,553	165,594,244	185,917,797	33,290,751	1965-2016	6/3/2011-12/20/2017	25-35

			Initial Cost to Company		Cost Capitalized Subsequent to Acquisition		Gross Amount at Which Carried at Close of Period (Notes 3, 4 and 6)
Description	Number of Properties (Note 1)	Encumbrances (Note 2)	Land	Buildings, Improvements and Acquisition Fees	Improvements	Carrying Costs	Land	Buildings, Improvements and Acquisition Fees	Total	Accumulated Depreciation (Note 5)	Date of Construction	Date Acquired	Life on which depreciation in latest Income Statement is Computed (in Years)
Paper	2	—	2,462,414	11,934,685	44,760	—	2,462,414	11,979,445	14,441,859	3,834,776	2002-2006	5/2/2011-12/21/2012	25-35
Pet supplies and services	43	2,509,000	26,418,753	114,773,425	5,541,147	243,582	26,418,753	120,558,154	146,976,907	25,506,704	1950-2019	12/22/1981-11/24/2020	11-35
Restaurants - casual dining	263	—	225,489,972	416,077,090	(1,386,447)	1,936,522	225,489,972	416,627,165	642,117,137	126,891,240	1965-2018	5/16/1984-12/2/2019	10-40
Restaurants - quick service	907	—	434,309,094	806,191,905	865,353	212,582	434,309,094	807,269,840	1,241,578,934	178,660,444	1968-2019	12/9/1976-10/12/2020	11-26
Shoe stores	3	—	6,251,472	35,793,479	214,466	214,706	6,251,472	36,222,651	42,474,123	10,836,836	1996-2008	3/26/1998-1/22/2013	23-35
Sporting goods	20	—	34,594,645	101,810,538	997,950	178,206	34,594,645	102,986,694	137,581,339	29,388,411	1950-2016	10/17/2001-12/2/2019	19-25
Telecommunications	7	—	9,269,789	68,360,132	1,484,421	21,884	9,269,789	69,866,437	79,136,226	20,270,489	1990-2016	6/26/1998-12/10/2015	22-35
Theaters	78	—	227,724,561	742,442,923	8,987,908	270	227,724,561	751,431,101	979,155,662	212,038,075	1930-2014	7/27/2000-8/13/2019	21-25
Transportation services	44	—	102,948,288	800,700,134	3,051,181	401,593	102,948,288	804,152,908	907,101,196	177,461,019	1967-2016	4/1/2003-9/6/2016	25-35
Wholesale clubs	33	17,820,000	191,190,334	328,001,563	(3,889,900)	—	191,190,334	324,111,663	515,301,997	107,718,055	1985-2015	9/30/2011-9/25/2020	25
Other	6	—	7,254,447	24,355,185	887,023	18,796	7,254,447	25,261,004	32,515,451	6,351,227	1982-1997	5/29/1984-9/13/2013	23-35
U.K.
Grocery stores	31	—	568,612,041	586,831,469	—	—	568,612,041	586,831,469	1,155,443,510	23,683,408	1975-2020	5/23/2019-12/24/2020	25-167
Health care	2	—	8,902,803	17,341,109	—	—	8,902,803	17,341,109	26,243,912	447,303	2000	3/23/2020	63-71
Home improvement	8	—	101,275,951	86,969,771	—	—	101,275,951	86,969,771	188,245,722	956,356	1986-2006	7/31/2020-12/2/2020	25
Theaters	1	—	1,561,502	—	—	—	1,561,502	—	1,561,502	—	2011	12/18/2019	N/A
	6,593	299,631,054	6,331,886,427	14,647,754,645	59,170,409	9,522,579	6,331,886,427	14,716,447,633	21,048,334,060	3,563,177,697

REALTY INCOME CORPORATION AND SUBSIDIARIES

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

Note 1.	Realty Income Corporation owns 6,503 single-client properties in the United States and Puerto Rico, our corporate headquarters property in San Diego, California and 39 single-client properties in the United Kingdom. Crest Net Lease, Inc. owns 13 single-client properties in the United States.
	Realty Income Corporation also owns 34 multi-client properties located in the United States and owns three multi-client properties located in the United Kingdom.
Note 2.	Includes mortgages payable secured by 68 properties, but excludes unamortized net debt premiums of $1.7 million.
Note 3.	The aggregate cost for federal income tax purposes for Realty Income Corporation is $22,741,595,516 and for Crest Net Lease, Inc. is $92,643,698.
Note 4.	The following is a reconciliation of total real estate carrying value for the years ended December 31:	2020	2019	2018
	Balance at Beginning of Period	19,637,626,852	16,566,601,986	15,027,043,415
	Additions During Period:
	Acquisitions	2,163,707,260	3,644,884,106	1,802,745,841
	Less amounts allocated to acquired lease intangible assets and liabilities on our Consolidated Balance Sheets	(382,849,836)	(401,318,627)	(89,474,897)
	Improvements, Etc.	6,194,424	17,447,145	23,043,158
	Other (Leasing Costs and Building Adjustments as a result of net debt premiums) (1)	22,489,716	2,740,797	2,839,574
	Total Additions	1,809,541,564	3,263,753,421	1,739,153,676
	Deductions During Period:
	Cost of Real Estate sold	253,505,789	129,736,613	165,023,825
	Cost of Equipment sold	24,799	11,200	15,650
	Releasing costs	258,513	673,647	232,089
	Other (including Provisions for Impairment) (2)	195,003,525	87,951,488	34,323,541
	Total Deductions	448,792,626	218,372,948	199,595,105
	Foreign Currency Translation	49,958,270	25,644,393	—
	Balance at Close of Period	21,048,334,060	19,637,626,852	16,566,601,986
	(1) Includes reclassification of $22.5 million right of use assets under finance leases in 2020.
	(2) Includes provision for impairment and, for the year ended 2019, a reclassification of $36.9 million of right of use assets under finance leases in accordance with the adoption of ASC 842, Leases, on January 1, 2019.

Note 5.	The following is a reconciliation of accumulated depreciation for the years ended:
	Balance at Beginning of Period	3,140,854,604	2,723,085,290	2,350,544,126
	Additions During Period - Provision for Depreciation	531,908,615	481,498,979	432,482,396
	Deductions During Period:
	Accumulated depreciation of real estate and equipment sold or disposed of	110,914,744	64,053,838	59,941,232
	Foreign Currency Translation	1,329,222	324,174	—
	Balance at Close of Period	3,563,177,697	3,140,854,604	2,723,085,290
Note 6.	In 2020, provisions for impairment were recorded on ninety-nine Realty Income properties.
	In 2019, provisions for impairment were recorded on fifty-one Realty Income properties.
	In 2018, provisions for impairment were recorded on forty-four Realty Income properties.
	See report of independent registered public accounting firm.