REALTY INCOME CORP

For the period ended Sep 30, 2024. Filed Nov 5, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 5, 2024

O$59.54+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Cash Flows

(in thousands) (unaudited)

	Nine months ended September 30,
	2024	2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$665,991	$657,152
Adjustments to net income:
Depreciation and amortization	1,788,973	1,419,321
Amortization of share-based compensation	47,671	20,154
Non-cash revenue adjustments	(95,324)	(51,272)
Amortization of net premiums on mortgages payable	(18)	(9,597)
Amortization of net premiums on notes payable	(3,883)	(45,647)
Amortization of deferred financing costs	17,694	19,498
Foreign currency and unrealized derivative (gain) loss, net	(33,582)	10,188
Non-cash interest expense (income)	9,179	(5,390)
Gain on sales of real estate	(92,290)	(19,675)
Equity in earnings of unconsolidated entities	(5,440)	(411)
Distributions on common equity from unconsolidated entities	15,608	—
Provisions for impairment	282,867	59,801
Change in assets and liabilities
Accounts receivable and other assets	40,338	(17,538)
Accounts payable, accrued expenses and other liabilities	(36,471)	161,527
Net cash provided by operating activities	2,601,313	2,198,111
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in real estate	(1,611,794)	(6,702,140)
Improvements to real estate, including leasing costs	(85,204)	(47,107)
Investment in unconsolidated entities	(57,014)	—
Investment in loans	(377,490)	—
Proceeds from sales of real estate	451,365	92,772
Return of investment from unconsolidated entities	—	3,927
Proceeds from note receivable	51,562	—
Insurance proceeds received	2,418	15,177
Non-refundable escrow deposits	(38,750)	(1,188)
Net cash acquired in merger	93,683	—
Net cash used in investing activities	(1,571,224)	(6,638,559)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash distributions to common stockholders	(1,999,858)	(1,555,679)
Cash distributions to preferred stockholders	(7,763)	—
Borrowings on line of credit and commercial paper programs	24,698,502	33,021,401
Payments on line of credit and commercial paper programs	(25,079,449)	(34,909,165)
Proceeds from term loan	—	1,029,383
Principal payment on term loan	(250,000)	—
Proceeds from notes payable issued	2,657,925	3,263,294
Principal payment on notes payable	(849,999)	—
Principal payments on mortgages payable	(626,321)	(20,842)
Proceeds from common stock offerings, net	809,910	3,849,963
Proceeds from dividend reinvestment and stock purchase plan	8,814	8,382
Redemption of preferred stock	(172,510)	—
Distributions to noncontrolling interests	(7,185)	(5,585)
Net receipts on derivative settlements	—	2,191
Debt issuance costs	(59,285)	(35,014)
Other items, including shares withheld upon vesting	(8,591)	(6,181)
Net cash (used in) provided by financing activities	(885,810)	4,642,148
Effect of exchange rate changes on cash and cash equivalents	11,423	2,083
Net increase in cash, cash equivalents and restricted cash	155,702	203,783
Cash, cash equivalents and restricted cash, beginning of period	292,175	226,881
Cash, cash equivalents and restricted cash, end of period	$447,877	$430,664

For supplemental disclosures, seenote 19, Supplemental Disclosures of Cash Flow Information.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.