Noncontrolling Interests (Tables)

9 Months Ended

Sep. 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 September 30, 2025 (in thousands):

	Realty Income, L.P. units (1)		Other Noncontrolling Interests		Total
Carrying value as of December 31, 2024	$	167,803	$	43,145	$	210,948
Contributions	—		2,041		2,041
Distributions	(6,664)		(2,343)		(9,007)
Allocation of net income	5,260		382		5,642
Carrying value as of September 30, 2025	$	166,399	$	43,225	$	209,624

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