Noncontrolling Interests

6 Months Ended

Jun. 30, 2024

As of June 30, 2024, we have ten entities with noncontrolling interests that we consolidate, including an operating partnership, Realty Income, L.P., and interests in consolidated property partnerships not wholly-owned by us.

The following table represents the change in the carrying value of all noncontrolling interests through June 30, 2024 (in thousands):


	Realty Income, L.P. units (1)		Other Noncontrolling Interests		Total
Carrying value at December 31, 2023	$	114,072	$	51,430	$	165,502
Contributions	—		1,281		1,281
Distributions	(2,842)		(1,856)		(4,698)
Allocation of net income	2,782		410		3,192

Carrying value at June 30, 2024	$	114,012	$	51,265	$	165,277

(1) 1,795,167 units were outstanding as of both June 30, 2024 and December 31, 2023.

At June 30, 2024, we are considered the primary beneficiary of Realty Income, L.P. and other VIEs. For further information, see note 1, Summary of Significant Accounting Policies