10-Q Filing

REALTY INCOME CORP CIK: 726728 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001104659-16-114676`
Period End Date	20160331
Filing Date	20160427
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	o-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 65

Balance Sheet 80 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
Land	`Land`	$3.29B	USD	Point-in-time
Preferred stock and paid in capital, shares issued	`PreferredStockSharesIssued`	16.35M	shares	Point-in-time
Land	`Land`	$3.39B	USD	Point-in-time
Preferred stock and paid in capital, shares issued	`PreferredStockSharesIssued`	16.35M	shares	Point-in-time
Preferred stock and paid in capital, shares outstanding	`PreferredStockSharesOutstanding`	16.35M	shares	Point-in-time
Preferred stock and paid in capital, shares outstanding	`PreferredStockSharesOutstanding`	16.35M	shares	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$9.24B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$9.01B	USD	Point-in-time
Preferred stock liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Preferred stock liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$12.30B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$12.63B	USD	Point-in-time
Less accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.69B	USD	Point-in-time
Common stock and paid in capital, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Less accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$1.77B	USD	Point-in-time
Common stock and paid in capital, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$10.61B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$10.87B	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
Common stock and paid in capital, shares issued	`CommonStockSharesIssued`	250.42M	shares	Point-in-time
Common stock and paid in capital, shares issued	`CommonStockSharesIssued`	251.08M	shares	Point-in-time
Real estate held for sale, net	`RealEstateHeldforsale`	$9.77M	USD	Point-in-time
Real estate held for sale, net	`RealEstateHeldforsale`	$1.78M	USD	Point-in-time
Common stock and paid in capital, shares outstanding	`CommonStockSharesOutstanding`	251.08M	shares	Point-in-time
Common stock and paid in capital, shares outstanding	`CommonStockSharesOutstanding`	250.42M	shares	Point-in-time
Net real estate	`NetRealEstate`	$10.87B	USD	Point-in-time
Net real estate	`NetRealEstate`	$10.62B	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$12.19M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$8.70M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$3.85M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$40.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$82.99M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$81.68M	USD	Point-in-time
Acquired lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.02B	USD	Point-in-time
Acquired lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.03B	USD	Point-in-time
Goodwill	`Goodwill`	$15.32M	USD	Point-in-time
Goodwill	`Goodwill`	$15.28M	USD	Point-in-time
Other assets, net	`OtherAssets`	$44.46M	USD	Point-in-time
Other assets, net	`OtherAssets`	$54.78M	USD	Point-in-time
Total assets	`Assets`	$12.04B	USD	Point-in-time
Total assets	`Assets`	$11.85B	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$52.48M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$50.34M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$86.33M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$115.83M	USD	Point-in-time
Acquired lease intangible liabilities, net	`AcquiredLeaseIntangibleLiabilitiesNet`	$249.45M	USD	Point-in-time
Acquired lease intangible liabilities, net	`AcquiredLeaseIntangibleLiabilitiesNet`	$250.92M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$53.97M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$43.25M	USD	Point-in-time
Line of credit payable	`LineOfCredit`	$653.00M	USD	Point-in-time
Line of credit payable	`LineOfCredit`	$238.00M	USD	Point-in-time
Term loans, net	`LoansPayable`	$318.83M	USD	Point-in-time
Term loans, net	`LoansPayable`	$318.91M	USD	Point-in-time
Mortgages payable, net	`OtherNotesPayable`	$646.19M	USD	Point-in-time
Mortgages payable, net	`OtherNotesPayable`	$514.04M	USD	Point-in-time
Notes payable, net	`NotesPayableNet`	$3.62B	USD	Point-in-time
Notes payable, net	`NotesPayableNet`	$3.62B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.54B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.29B	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, 2016 and December 31, 2015, liquidation preference $25.00 per share	`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, 2016 and December 31, 2015, liquidation preference $25.00 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$395.38M	USD	Point-in-time
Common stock and paid in capital, par value $0.01 per share, 370,100,000 shares authorized, 251,081,853 shares issued and outstanding as of March 31, 2016 and 250,416,757 shares issued and outstanding as of December 31, 2015	`CommonStocksIncludingAdditionalPaidInCapital`	$7.70B	USD	Point-in-time
Common stock and paid in capital, par value $0.01 per share, 370,100,000 shares authorized, 251,081,853 shares issued and outstanding as of March 31, 2016 and 250,416,757 shares issued and outstanding as of December 31, 2015	`CommonStocksIncludingAdditionalPaidInCapital`	$7.67B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$1.53B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$1.62B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.53B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.48B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$21.49M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$21.74M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.55B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.85B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$12.04B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Rental	`OperatingLeasesIncomeStatementLeaseRevenue`	$235.12M	USD	1 Quarter
Rental	`OperatingLeasesIncomeStatementLeaseRevenue`	$256.80M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$9.96M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$9.11M	USD	1 Quarter
Other	`OtherRealEstateRevenue`	$1.21M	USD	1 Quarter
Other	`OtherRealEstateRevenue`	$1.78M	USD	1 Quarter
Total revenue	`RealEstateRevenueNet`	$267.12M	USD	1 Quarter
Total revenue	`RealEstateRevenueNet`	$246.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$98.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$107.93M	USD	1 Quarter
Interest	`InterestExpense`	$60.68M	USD	1 Quarter
Interest	`InterestExpense`	$58.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.32M	USD	1 Quarter
Property (including reimbursable)	`DirectCostsOfLeasedAndRentedPropertyOrEquipmentIncludingReimbursableExpense`	$13.98M	USD	1 Quarter
Property (including reimbursable)	`DirectCostsOfLeasedAndRentedPropertyOrEquipmentIncludingReimbursableExpense`	$15.11M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$964.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.07M	USD	1 Quarter
Provisions for impairment	`ImpairmentOfRealEstate`	$2.09M	USD	1 Quarter
Provisions for impairment	`ImpairmentOfRealEstate`	$1.92M	USD	1 Quarter
Total expenses	`ExpensesIncludingIncomeTaxExpense`	$198.92M	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`	$2.29M	USD	1 Quarter
Net income	`ProfitLoss`	$67.58M	USD	1 Quarter
Net income	`ProfitLoss`	$70.48M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$241.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$317.00K	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$70.24M	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$67.26M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$6.77M	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`	$63.47M	USD	1 Quarter
Net income, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.25	USD	1 Quarter
Net income, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	250.17M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	225.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	250.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	225.83M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$67.58M	USD	1 Quarter
Net income	`ProfitLoss`	$70.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$107.93M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$98.04M	USD	1 Quarter
Amortization of share-based compensation	`ShareBasedCompensation`	$2.60M	USD	1 Quarter
Amortization of share-based compensation	`ShareBasedCompensation`	$2.55M	USD	1 Quarter
Non-cash rental adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.10M	USD	1 Quarter
Non-cash rental adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.45M	USD	1 Quarter
Amortization of net premiums on mortgages payable	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.96M	USD	1 Quarter
Amortization of net premiums on mortgages payable	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.10M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.20M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.23M	USD	1 Quarter
Loss on interest rate swaps	`GainLossOnInterestRateSwap`	$1.06M	USD	1 Quarter
Loss on interest rate swaps	`GainLossOnInterestRateSwap`	$5.78M	USD	1 Quarter
Gain on sales of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$2.29M	USD	1 Quarter
Gain on sales of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$7.22M	USD	1 Quarter
Provisions for impairment on real estate	`ImpairmentOfRealEstate`	$1.92M	USD	1 Quarter
Provisions for impairment on real estate	`ImpairmentOfRealEstate`	$2.09M	USD	1 Quarter
Accounts receivable and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-892.00K	USD	1 Quarter
Accounts receivable and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-5.08M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-44.95M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-53.23M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$136.29M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$117.85M	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireAndDevelopRealEstate`	$202.78M	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireAndDevelopRealEstate`	$313.17M	USD	1 Quarter
Improvements to real estate, including leasing costs	`PaymentsForCapitalImprovements`	$902.00K	USD	1 Quarter
Improvements to real estate, including leasing costs	`PaymentsForCapitalImprovements`	$1.34M	USD	1 Quarter
Proceeds from sales of real estate	`ProceedsFromSaleAndCollectionOfReceivables`	$11.04M	USD	1 Quarter
Proceeds from sales of real estate	`ProceedsFromSaleAndCollectionOfReceivables`	$22.27M	USD	1 Quarter
Collection of loans receivable	`ProceedsFromCollectionOfNotesReceivable`	$12.43M	USD	1 Quarter
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions	`IncreaseDecreaseInRestrictedCash`	$4.09M	USD	1 Quarter
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions	`IncreaseDecreaseInRestrictedCash`	$-18.08M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-163.77M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-294.69M	USD	1 Quarter
Cash distributions to common stockholders	`PaymentsOfDividendsCommonStock`	$126.68M	USD	1 Quarter
Cash distributions to common stockholders	`PaymentsOfDividendsCommonStock`	$147.34M	USD	1 Quarter
Cash dividends to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$6.77M	USD	1 Quarter
Cash dividends to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$6.77M	USD	1 Quarter
Borrowings on line of credit	`ProceedsFromLongTermLinesOfCredit`	$282.00M	USD	1 Quarter
Borrowings on line of credit	`ProceedsFromLongTermLinesOfCredit`	$1.21B	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$794.00M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$135.00M	USD	1 Quarter
Principal payments on mortgages payable	`RepaymentsOfFirstMortgageBond`	$51.30M	USD	1 Quarter
Principal payments on mortgages payable	`RepaymentsOfFirstMortgageBond`	$164.34M	USD	1 Quarter
Redemption of preferred units	`PaymentsForRepurchaseOfRedeemablePreferredStockUnits`	$6.75M	USD	1 Quarter
Distributions to noncontrolling interests	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$382.00K	USD	1 Quarter
Distributions to noncontrolling interests	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$428.00K	USD	1 Quarter
Proceeds from dividend reinvestment and stock purchase plan	`ProceedsFromDividendReinvestmentAndStockPurchasePlanNet`	$102.16M	USD	1 Quarter
Proceeds from dividend reinvestment and stock purchase plan	`ProceedsFromDividendReinvestmentAndStockPurchasePlanNet`	$3.51M	USD	1 Quarter
Procceds from At-the-Market (ATM) program	`ProceedsFromAtMarketStockPurchaseProgram`	$30.55M	USD	1 Quarter
Other items, including shares withheld upon vesting	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.42M	USD	1 Quarter
Other items, including shares withheld upon vesting	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.98M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$126.80M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.26M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.34M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.60M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$8.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$3.85M	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`	$40.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashEquivalentsAtCarryingValue`	$3.85M	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`	$8.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashEquivalentsAtCarryingValue`	$40.29M	USD	Point-in-time

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