Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2024

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 December 31, 2024 (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	—		40,097		40,097
Distributions	(5,663)		(3,677)		(9,340)
Allocation of net income	3,934		671		4,605
Carrying value at December 31, 2023	$	114,072	$	51,430	$	165,502
Contributions	—		2,022		2,022
Distributions	(6,810)		(3,588)		(10,398)
Allocation of net income	5,898		671		6,569
Issuance of common partnership units	54,643		(7,390)		47,253
Carrying value at December 31, 2024	$	167,803	$	43,145	$	210,948

(1) 2,681,808 units were outstanding as of December 31, 2024 and 1,795,167 units were outstanding as of December 31, 2023 and 2022.