REALTY INCOME CORP
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
O$59.50+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except per share amounts) (unaudited)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Real estate held for investment, at cost: | ||
| Land | $16,787,731 | $14,929,310 |
| Buildings and improvements | 39,674,812 | 34,657,094 |
| Total real estate held for investment, at cost | 56,462,543 | 49,586,404 |
| Less accumulated depreciation and amortization | (6,392,472) | (6,072,118) |
| Real estate held for investment, net | 50,070,071 | 43,514,286 |
| Real estate and lease intangibles held for sale, net | 78,254 | 31,466 |
| Cash and cash equivalents | 680,159 | 232,923 |
| Accounts receivable, net | 789,244 | 710,536 |
| Lease intangible assets, net | 7,037,328 | 5,017,907 |
| Goodwill | 4,991,342 | 3,731,478 |
| Investment in unconsolidated entities | 1,203,263 | 1,172,118 |
| Other assets, net | 3,478,588 | 3,368,643 |
| Total assets | $68,328,249 | $57,779,357 |
| LIABILITIES AND EQUITY | ||
| Distributions payable | $225,757 | $195,222 |
| Accounts payable and accrued expenses | 802,652 | 738,526 |
| Lease intangible liabilities, net | 1,740,200 | 1,406,853 |
| Other liabilities | 900,106 | 811,650 |
| Line of credit payable and commercial paper | 1,022,516 | 764,390 |
| Term loan, net | 2,370,455 | 1,331,841 |
| Mortgages payable, net | 200,075 | 821,587 |
| Notes payable, net | 21,748,004 | 18,602,319 |
| Total liabilities | $29,009,765 | $24,672,388 |
| Commitments and contingencies (Note 20) | ||
| 6.000% Series A cumulative redeemable preferred stock and paid in capital, par value $0.01 per share, 69,900 shares authorized, 6,900 shares and no shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively, liquidation preference $25.00 per share | $167,394 | $— |
| Stockholders’ equity: | ||
| Common stock and paid in capital, par value $0.01 per share, 1,300,000 shares authorized, 870,756 and 752,460 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | $46,220,761 | $39,629,709 |
| Distributions in excess of net income | (7,299,514) | (6,762,136) |
| Accumulated other comprehensive income | 64,780 | 73,894 |
| Total stockholders’ equity | $38,986,027 | $32,941,467 |
| Noncontrolling interests | 165,063 | 165,502 |
| Total equity | $39,151,090 | $33,106,969 |
| Total liabilities and equity | $68,328,249 | $57,779,357 |
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