Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2023

Noncontrolling Interest [Abstract]

Schedule of the change in the carrying value of all noncontrolling interests

The following table represents the change in the carrying value of all noncontrolling interests through June 30, 2023 (in thousands):

	Realty Income, L.P. units (1)		Other Noncontrolling Interests		Total
Carrying value at December 31, 2022	$	115,801	$	14,339	$	130,140
Contributions (2)	—		39,559		39,559
Distributions (3)	(2,826)		(1,785)		(4,611)
Allocation of net income	1,925		919		2,844
Carrying value at June 30, 2023	$	114,900	$	53,032	$	167,932

(1) 1,795,167 units were outstanding as of both June 30, 2023 and December 31, 2022.

(2) Includes contributions of $39.2 million for the issuance of a 5.0% joint venture interest as partial consideration paid on property acquisitions and contributions of $0.4 million related to a 5.0% interest in a development joint venture.

(3) Includes a non-cash reduction of noncontrolling interest of $1.5 million from our partner's responsibility to absorb construction cost overages for a development joint venture during the six months ended June 30, 2023.