10-Q Filing

REALTY INCOME CORP CIK: 726728 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001104659-17-026354`
Period End Date	20170331
Filing Date	20170426
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	o-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 41 Cash Flow Statement 68

Balance Sheet 78 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`	$3.75B	USD	Point-in-time
Preferred stock and paid in capital, shares issued	`PreferredStockSharesIssued`	16.35M	shares	Point-in-time
Land	`Land`	$3.83B	USD	Point-in-time
Preferred stock and paid in capital, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock and paid in capital, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$10.33B	USD	Point-in-time
Preferred stock and paid in capital, shares outstanding	`PreferredStockSharesOutstanding`	16.35M	shares	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$10.11B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$14.16B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$13.86B	USD	Point-in-time
Preferred stock liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	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`	$1.99B	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`	$2.08B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$12.08B	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`	$11.88B	USD	Point-in-time
Common stock and paid in capital, shares issued	`CommonStockSharesIssued`	273.05M	shares	Point-in-time
Common stock and paid in capital, shares issued	`CommonStockSharesIssued`	260.17M	shares	Point-in-time
Real estate held for sale, net	`RealEstateHeldforsale`	$11.79M	USD	Point-in-time
Real estate held for sale, net	`RealEstateHeldforsale`	$26.57M	USD	Point-in-time
Common stock and paid in capital, shares outstanding	`CommonStockSharesOutstanding`	273.05M	shares	Point-in-time
Common stock and paid in capital, shares outstanding	`CommonStockSharesOutstanding`	260.17M	shares	Point-in-time
Net real estate	`NetRealEstate`	$11.90B	USD	Point-in-time
Net real estate	`NetRealEstate`	$12.10B	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$9.42M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$27.60M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$8.70M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$40.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$104.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$103.76M	USD	Point-in-time
Acquired lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.11B	USD	Point-in-time
Acquired lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.08B	USD	Point-in-time
Goodwill	`Goodwill`	$15.07M	USD	Point-in-time
Goodwill	`Goodwill`	$15.04M	USD	Point-in-time
Other assets, net	`OtherAssets`	$71.86M	USD	Point-in-time
Other assets, net	`OtherAssets`	$37.69M	USD	Point-in-time
Total assets	`Assets`	$13.42B	USD	Point-in-time
Total assets	`Assets`	$13.15B	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$57.88M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$55.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$86.64M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$121.16M	USD	Point-in-time
Acquired lease intangible liabilities, net	`AcquiredLeaseIntangibleLiabilitiesNet`	$264.21M	USD	Point-in-time
Acquired lease intangible liabilities, net	`AcquiredLeaseIntangibleLiabilitiesNet`	$268.49M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$122.08M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$85.62M	USD	Point-in-time
Preferred shares subject to mandatory redemption	`SharesSubjectToMandatoryRedemptionSettlementTermsAmount`	$408.75M	USD	Point-in-time
Line of credit payable	`LineOfCredit`	$1.12B	USD	Point-in-time
Term loans, net	`LoansPayable`	$319.20M	USD	Point-in-time
Term loans, net	`LoansPayable`	$319.13M	USD	Point-in-time
Mortgages payable, net	`OtherNotesPayable`	$466.05M	USD	Point-in-time
Mortgages payable, net	`OtherNotesPayable`	$463.33M	USD	Point-in-time
Notes payable, net	`NotesPayableNet`	$3.93B	USD	Point-in-time
Notes payable, net	`NotesPayableNet`	$4.64B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.37B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.37B	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, no shares issued and outstanding as of March 31, 2017 and 16,350,000 issued and outstanding as of December 31, 2016, 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, 273,051,486 shares issued and outstanding as of March 31, 2017 and 260,168,259 shares issued and outstanding as of December 31, 2016	`CommonStocksIncludingAdditionalPaidInCapital`	$8.23B	USD	Point-in-time
Common stock and paid in capital, par value $0.01 per share, 370,100,000 shares authorized, 273,051,486 shares issued and outstanding as of March 31, 2017 and 260,168,259 shares issued and outstanding as of December 31, 2016	`CommonStocksIncludingAdditionalPaidInCapital`	$8.99B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$1.86B	USD	Point-in-time
Distributions in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$1.95B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.77B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.03B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$19.78M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$20.25M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.79B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.05B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$13.42B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$13.15B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Rental	`OperatingLeasesIncomeStatementLeaseRevenue`	$285.82M	USD	1 Quarter
Rental	`OperatingLeasesIncomeStatementLeaseRevenue`	$256.80M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$9.11M	USD	1 Quarter
Tenant reimbursements	`TenantReimbursements`	$11.23M	USD	1 Quarter
Other	`OtherRealEstateRevenue`	$975.00K	USD	1 Quarter
Other	`OtherRealEstateRevenue`	$1.21M	USD	1 Quarter
Total revenue	`RealEstateRevenueNet`	$267.12M	USD	1 Quarter
Total revenue	`RealEstateRevenueNet`	$298.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$121.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$107.93M	USD	1 Quarter
Interest	`InterestExpense`	$59.30M	USD	1 Quarter
Interest	`InterestExpense`	$60.68M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.56M	USD	1 Quarter
Property (including reimbursable)	`DirectCostsOfLeasedAndRentedPropertyOrEquipmentIncludingReimbursableExpense`	$19.07M	USD	1 Quarter
Property (including reimbursable)	`DirectCostsOfLeasedAndRentedPropertyOrEquipmentIncludingReimbursableExpense`	$15.11M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$964.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.05M	USD	1 Quarter
Provisions for impairment	`ImpairmentOfRealEstate`	$5.43M	USD	1 Quarter
Provisions for impairment	`ImpairmentOfRealEstate`	$1.92M	USD	1 Quarter
Total expenses	`ExpensesIncludingIncomeTaxExpense`	$198.92M	USD	1 Quarter
Total expenses	`ExpensesIncludingIncomeTaxExpense`	$219.52M	USD	1 Quarter
Gain on sales of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$2.29M	USD	1 Quarter
Gain on sales of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$10.53M	USD	1 Quarter
Net income	`ProfitLoss`	$70.48M	USD	1 Quarter
Net income	`ProfitLoss`	$89.03M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$165.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$241.00K	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$70.24M	USD	1 Quarter
Net income attributable to the Company	`NetIncomeLoss`	$88.87M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.91M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$6.77M	USD	1 Quarter
Excess of redemption value over carrying value of preferred shares redeemed	`PreferredStockRedemptionPremium`	$13.37M	USD	1 Quarter
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$63.47M	USD	1 Quarter
Net income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$71.59M	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`	263.34M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	250.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	263.93M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	250.70M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$70.48M	USD	1 Quarter
Net income	`ProfitLoss`	$89.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$121.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$107.93M	USD	1 Quarter
Amortization of share-based compensation	`ShareBasedCompensation`	$2.75M	USD	1 Quarter
Amortization of share-based compensation	`ShareBasedCompensation`	$2.60M	USD	1 Quarter
Non-cash revenue adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.10M	USD	1 Quarter
Non-cash revenue adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.34M	USD	1 Quarter
Amortization of net premiums on mortgages payable	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.10M	USD	1 Quarter
Amortization of net premiums on mortgages payable	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$630.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.20M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.39M	USD	1 Quarter
(Gain) loss on interest rate swaps	`GainLossOnInterestRateSwap`	$-5.78M	USD	1 Quarter
(Gain) loss on interest rate swaps	`GainLossOnInterestRateSwap`	$1.33M	USD	1 Quarter
Gain on sales of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$10.53M	USD	1 Quarter
Gain on sales of real estate	`GainOnSaleOfPropertiesContinuingOperations`	$2.29M	USD	1 Quarter
Provisions for impairment on real estate	`ImpairmentOfRealEstate`	$5.43M	USD	1 Quarter
Provisions for impairment on real estate	`ImpairmentOfRealEstate`	$1.92M	USD	1 Quarter
Accounts receivable and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-5.08M	USD	1 Quarter
Accounts receivable and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-139.00K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.12M	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`	$213.13M	USD	1 Quarter
Investment in real estate	`PaymentsToAcquireAndDevelopRealEstate`	$374.57M	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`	$3.75M	USD	1 Quarter
Proceeds from sale of real estate	`ProceedsFromSaleOfRealEstate`	$31.23M	USD	1 Quarter
Proceeds from sale of real estate	`ProceedsFromSaleOfRealEstate`	$11.04M	USD	1 Quarter
Collection of loans receivable	`ProceedsFromCollectionOfNotesReceivable`	$12.43M	USD	1 Quarter
Collection of loans receivable	`ProceedsFromCollectionOfNotesReceivable`	$30.00K	USD	1 Quarter
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions	`IncreaseDecreaseInRestrictedCash`	$18.25M	USD	1 Quarter
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions	`IncreaseDecreaseInRestrictedCash`	$4.09M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-365.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-294.69M	USD	1 Quarter
Cash distributions to common stockholders	`PaymentsOfDividendsCommonStock`	$147.34M	USD	1 Quarter
Cash distributions to common stockholders	`PaymentsOfDividendsCommonStock`	$162.51M	USD	1 Quarter
Cash dividends to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$6.77M	USD	1 Quarter
Cash dividends to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$6.17M	USD	1 Quarter
Borrowings on line of credit	`ProceedsFromLongTermLinesOfCredit`	$1.21B	USD	1 Quarter
Borrowings on line of credit	`ProceedsFromLongTermLinesOfCredit`	$79.00M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$1.20B	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$794.00M	USD	1 Quarter
Proceeds from notes and bonds payable issued	`ProceedsFromNotesPayable`	$711.81M	USD	1 Quarter
Principal payments on mortgages payable	`RepaymentsOfFirstMortgageBond`	$2.12M	USD	1 Quarter
Principal payments on mortgages payable	`RepaymentsOfFirstMortgageBond`	$164.34M	USD	1 Quarter
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$705.01M	USD	1 Quarter
Proceeds from dividend reinvestment and stock purchase plan	`ProceedsFromDividendReinvestmentAndStockPurchasePlanNet`	$56.99M	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
Distributions to noncontrolling interests	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$631.00K	USD	1 Quarter
Distributions to noncontrolling interests	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$382.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$6.61M	USD	1 Quarter
Other items, including shares withheld upon vesting	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.42M	USD	1 Quarter
Other items, including shares withheld upon vesting	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.42M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$126.80M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$170.36M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.60M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.18M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$9.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$27.60M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashEquivalentsAtCarryingValue`	$8.70M	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`	$27.60M	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`	$9.42M	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.