10-Q Filing

REALTY INCOME CORP CIK: 726728 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-032388`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	o-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 46 Cash Flow Statement 64

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Preferred stock and paid in capital, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock and paid in capital, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock and paid in capital, shares authorized	`PreferredStockSharesAuthorized`	69.90M	shares	Point-in-time
Preferred stock and paid in capital, shares authorized	`PreferredStockSharesAuthorized`	69.90M	shares	Point-in-time
Preferred stock and paid in capital, shares issued	`PreferredStockSharesIssued`	16.35M	shares	Point-in-time
Land	`Land`	$3.08B	USD	Point-in-time
Preferred stock and paid in capital, shares issued	`PreferredStockSharesIssued`	16.35M	shares	Point-in-time
Land	`Land`	$3.05B	USD	Point-in-time
Preferred stock and paid in capital, shares outstanding	`PreferredStockSharesOutstanding`	16.35M	shares	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$8.11B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$8.22B	USD	Point-in-time
Preferred stock and paid in capital, shares outstanding	`PreferredStockSharesOutstanding`	16.35M	shares	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$11.30B	USD	Point-in-time
Common stock and paid in capital, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock and paid in capital, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$11.15B	USD	Point-in-time
Less accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.39B	USD	Point-in-time
Less accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.46B	USD	Point-in-time
Common stock and paid in capital, shares authorized	`CommonStockSharesAuthorized`	370.10M	shares	Point-in-time
Common stock and paid in capital, shares authorized	`CommonStockSharesAuthorized`	370.10M	shares	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$9.84B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$9.77B	USD	Point-in-time
Common stock and paid in capital, shares issued	`CommonStockSharesIssued`	224.88M	shares	Point-in-time
Common stock and paid in capital, shares issued	`CommonStockSharesIssued`	227.03M	shares	Point-in-time
Real estate held for sale, net	`RealEstateHeldforsale`	$14.84M	USD	Point-in-time
Common stock and paid in capital, shares outstanding	`CommonStockSharesOutstanding`	224.88M	shares	Point-in-time
Common stock and paid in capital, shares outstanding	`CommonStockSharesOutstanding`	227.03M	shares	Point-in-time
Real estate held for sale, net	`RealEstateHeldforsale`	$9.39M	USD	Point-in-time
Net real estate	`NetRealEstate`	$9.85B	USD	Point-in-time
Net real estate	`NetRealEstate`	$9.78B	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$10.26M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$12.19M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$3.85M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$66.83M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$64.39M	USD	Point-in-time
Acquired lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.04B	USD	Point-in-time
Acquired lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.06B	USD	Point-in-time
Goodwill	`Goodwill`	$15.47M	USD	Point-in-time
Goodwill	`Goodwill`	$15.43M	USD	Point-in-time
Other assets, net	`OtherAssets`	$107.65M	USD	Point-in-time
Other assets, net	`OtherAssets`	$87.72M	USD	Point-in-time
Total assets	`Assets`	$11.09B	USD	Point-in-time
Total assets	`Assets`	$11.01B	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$45.47M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$43.67M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$123.29M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$77.59M	USD	Point-in-time
Acquired lease intangible liabilities, net	`AcquiredLeaseIntangibleLiabilitiesNet`	$228.19M	USD	Point-in-time
Acquired lease intangible liabilities, net	`AcquiredLeaseIntangibleLiabilitiesNet`	$220.47M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$41.40M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$53.15M	USD	Point-in-time
Line of credit payable	`LineOfCredit`	$370.00M	USD	Point-in-time
Line of credit payable	`LineOfCredit`	$223.00M	USD	Point-in-time
Term loan	`LoansPayable`	$70.00M	USD	Point-in-time
Term loan	`LoansPayable`	$70.00M	USD	Point-in-time
Mortgages payable, net	`OtherNotesPayable`	$852.58M	USD	Point-in-time
Mortgages payable, net	`OtherNotesPayable`	$799.32M	USD	Point-in-time
Notes payable, net	`NotesPayableNetOfUnamortizedDiscount`	$3.79B	USD	Point-in-time
Notes payable, net	`NotesPayableNetOfUnamortizedDiscount`	$3.79B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.42B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.37B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock and paid in capital, par value $0.01 per share, 69,900,000 shares authorized, 16,350,000 shares issued and outstanding as of March 31, 2015 and December 31, 2014	`PreferredStockIncludingAdditionalPaidInCapital`	$395.38M	USD	Point-in-time
Preferred stock and paid in capital, par value $0.01 per share, 69,900,000 shares authorized, 16,350,000 shares issued and outstanding as of March 31, 2015 and December 31, 2014	`PreferredStockIncludingAdditionalPaidInCapital`	$395.38M	USD	Point-in-time
Common stock and paid in capital, par value $0.01 per share,370,100,000 shares authorized, 227,031,104 shares issued and outstanding as of March 31, 2015 and 224,881,192 shares issued and outstanding at December 31, 2014	`CommonStocksIncludingAdditionalPaidInCapital`	$6.46B	USD	Point-in-time
Common stock and paid in capital, par value $0.01 per share,370,100,000 shares authorized, 227,031,104 shares issued and outstanding as of March 31, 2015 and 224,881,192 shares issued and outstanding at December 31, 2014	`CommonStocksIncludingAdditionalPaidInCapital`	$6.57B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$1.25B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$1.31B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.65B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.61B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$35.91M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$24.43M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$27.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.64B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.67B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.01B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.09B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Rental	`OperatingLeasesIncomeStatementLeaseRevenue`	$214.12M	USD	1 Quarter
Rental	`OperatingLeasesIncomeStatementLeaseRevenue`	$235.12M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$9.96M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$6.43M	USD	1 Quarter
Other	`OtherRealEstateRevenue`	$1.78M	USD	1 Quarter
Other	`OtherRealEstateRevenue`	$1.02M	USD	1 Quarter
Total revenue	`RealEstateRevenueNet`	$221.57M	USD	1 Quarter
Total revenue	`RealEstateRevenueNet`	$246.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$89.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$98.04M	USD	1 Quarter
Interest	`InterestExpense`	$58.47M	USD	1 Quarter
Interest	`InterestExpense`	$51.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.89M	USD	1 Quarter
Property (including reimbursable)	`DirectCostsOfLeasedAndRentedPropertyOrEquipmentIncludingReimbursableExpense`	$13.98M	USD	1 Quarter
Property (including reimbursable)	`DirectCostsOfLeasedAndRentedPropertyOrEquipmentIncludingReimbursableExpense`	$10.58M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.07M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.09M	USD	1 Quarter
Provisions for impairment	`ImpairmentOfRealEstate`	$1.68M	USD	1 Quarter
Provisions for impairment	`ImpairmentOfRealEstate`	$2.09M	USD	1 Quarter
Total expenses	`ExpensesIncludingIncomeTaxExpense`	$167.93M	USD	1 Quarter
Total expenses	`ExpensesIncludingIncomeTaxExpense`	$186.50M	USD	1 Quarter
Gain on sales of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$7.22M	USD	1 Quarter
Gain on sales of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$1.27M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$54.92M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$67.58M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$3.08M	USD	1 Quarter
Net income	`ProfitLoss`	$67.58M	USD	1 Quarter
Net income	`ProfitLoss`	$57.99M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$332.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$317.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.30M	USD	Annual
Net income attributable to the Company	`NetIncomeLoss`	$57.66M	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$67.26M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$10.48M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$6.77M	USD	1 Quarter
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$60.49M	USD	1 Quarter
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$47.18M	USD	1 Quarter
Income from continuing operations, basic and diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.27	USD	1 Quarter
Income from continuing operations, basic and diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.21	USD	1 Quarter
Net income, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Net income, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	225.35M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	207.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.32M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	225.83M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$67.58M	USD	1 Quarter
Net income	`ProfitLoss`	$57.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$89.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$98.04M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$3.08M	USD	1 Quarter
Amortization of share-based compensation	`ShareBasedCompensation`	$2.70M	USD	1 Quarter
Amortization of share-based compensation	`ShareBasedCompensation`	$2.55M	USD	1 Quarter
Non-cash rental adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.45M	USD	1 Quarter
Non-cash rental adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.94M	USD	1 Quarter
Amortization of net premiums on mortgages payable	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.96M	USD	1 Quarter
Amortization of net premiums on mortgages payable	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$2.38M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.23M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.58M	USD	1 Quarter
Gain on sale of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$1.27M	USD	1 Quarter
Gain on sale of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$7.22M	USD	1 Quarter
Provisions for impairment on real estate	`ImpairmentOfRealEstate`	$2.09M	USD	1 Quarter
Provisions for impairment on real estate	`ImpairmentOfRealEstate`	$1.68M	USD	1 Quarter
Cash provided by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$1.29M	USD	1 Quarter
Accounts receivable and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-9.60M	USD	1 Quarter
Accounts receivable and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-892.00K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-42.95M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-43.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$117.85M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$114.20M	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireAndDevelopRealEstate`	$603.98M	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireAndDevelopRealEstate`	$202.78M	USD	1 Quarter
Improvements to real estate, including leasing costs	`PaymentsForCapitalImprovements`	$1.37M	USD	1 Quarter
Improvements to real estate, including leasing costs	`PaymentsForCapitalImprovements`	$1.34M	USD	1 Quarter
Continuing operations	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$22.27M	USD	1 Quarter
Continuing operations	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$5.77M	USD	1 Quarter
Discontinued operations	`ProceedsFromSaleOfOtherRealEstate`	$6.92M	USD	1 Quarter
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions	`IncreaseDecreaseInRestrictedCash`	$-18.08M	USD	1 Quarter
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions	`IncreaseDecreaseInRestrictedCash`	$460.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-593.12M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-163.77M	USD	1 Quarter
Cash distributions to common stockholders	`PaymentsOfDividendsCommonStock`	$126.68M	USD	1 Quarter
Cash distributions to common stockholders	`PaymentsOfDividendsCommonStock`	$113.41M	USD	1 Quarter
Cash dividends to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$6.77M	USD	1 Quarter
Cash dividends to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$10.48M	USD	1 Quarter
Borrowings on line of credit	`ProceedsFromLongTermLinesOfCredit`	$732.80M	USD	1 Quarter
Borrowings on line of credit	`ProceedsFromLongTermLinesOfCredit`	$282.00M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$135.00M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$120.70M	USD	1 Quarter
Principal payments on mortgages payable	`RepaymentsOfFirstMortgageBond`	$1.80M	USD	1 Quarter
Principal payments on mortgages payable	`RepaymentsOfFirstMortgageBond`	$51.30M	USD	1 Quarter
Redemption of preferred units	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$6.75M	USD	1 Quarter
Distributions to noncontrolling interests	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$466.00K	USD	1 Quarter
Distributions to noncontrolling interests	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$428.00K	USD	1 Quarter
Proceeds from dividend reinvestment and stock purchase plan, net	`ProceedsFromDividendReinvestmentAndStockPurchasePlanNet`	$102.16M	USD	1 Quarter
Proceeds from dividend reinvestment and stock purchase plan, net	`ProceedsFromDividendReinvestmentAndStockPurchasePlanNet`	$2.13M	USD	1 Quarter
Other items, including shares withheld upon vesting	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.26M	USD	1 Quarter
Other items, including shares withheld upon vesting	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.98M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.26M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$482.81M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.34M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.88M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$10.26M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$12.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$3.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashEquivalentsAtCarryingValue`	$10.26M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashEquivalentsAtCarryingValue`	$12.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashEquivalentsAtCarryingValue`	$3.85M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.