Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2025

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, 2025 (in thousands):

	Realty Income, L.P. units (1)		Other Noncontrolling Interests		Total
Carrying value at December 31, 2024	$	167,803	$	43,145	$	210,948
Contributions	—		1,529		1,529
Distributions	(4,435)		(1,552)		(5,987)
Allocation of net income	3,439		300		3,739
Carrying value at June 30, 2025	$	166,807	$	43,422	$	210,229

(1) 2,681,808 units were outstanding as of both June 30, 2025 and December 31, 2024.