Common Stock Incentive Plan	6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]
Common Stock Incentive Plan	Common Stock Incentive Plan The amount of share-based compensation costs recognized in 'General and administrative' in our consolidated statements of income and comprehensive income was $9.3 million and $8.1 million during the three months ended June 30, 2026 and 2025, respectively, and $20.7 million and $14.0 million during the six months ended June 30, 2026, and 2025, respectively. A.Restricted Stock and Restricted Stock Units During the six months ended June 30, 2026, we granted a total of 304,832 shares of restricted stock and restricted stock units under the Realty Income 2021 Incentive Award Plan (the "2021 Plan"). This amount included 32,140 shares granted to the independent members of our Board of Directors in connection with our annual awards in May 2026. Restricted stock and restricted stock units granted to employees vest over a service period not exceeding four years, while those granted to directors vest over a period of up to three years based on each director's years of service, and are subject to the director’s continued service through each applicable vesting date. As of June 30, 2026, the remaining unamortized share-based compensation expense related to restricted stock awards and units totaled $33.5 million, which is being amortized on a straight-line basis over the service period of each applicable award. The amount of share-based compensation is based on the fair value of the stock at the grant date. We define the grant date as the date the recipient and Realty Income have a mutual understanding of the key terms and conditions of the award, and the recipient of the grant begins to benefit from, or be adversely affected by, subsequent changes in the price of the shares. B.Performance Shares During the six months ended June 30, 2026, we granted 246,900 performance shares, as well as dividend equivalent rights, to our executive officers. The performance shares are earned based on our Total Shareholder Return (“TSR”) performance relative to select industry indices and peer groups as well as achievement of certain operating metrics, and vest 50% as of the date of which the plan administrator determines the achievement of the applicable goals during the applicable three-year performance period and the remaining 50% on January 1 of the following year, subject to continued service. As of June 30, 2026, the remaining share-based compensation expense related to the performance shares totaled $34.0 million. The performance shares are recognized on a tranche-by-tranche basis over the service period. The fair value of the performance shares was estimated on the date of grant using a Monte Carlo Simulation model.

Common Stock Incentive Plan

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Common Stock Incentive Plan

The amount of share-based compensation costs recognized in 'General and administrative' in our consolidated

statements of income and comprehensive income was $9.3 million and $8.1 million during the three months ended

June 30, 2026 and 2025, respectively, and $20.7 million and $14.0 million during the six months ended June 30,

2026, and 2025, respectively.

A.Restricted Stock and Restricted Stock Units

During the six months ended June 30, 2026, we granted a total of 304,832 shares of restricted stock and restricted

stock units under the Realty Income 2021 Incentive Award Plan (the "2021 Plan"). This amount included 32,140

shares granted to the independent members of our Board of Directors in connection with our annual awards in May

2026.

Restricted stock and restricted stock units granted to employees vest over a service period not exceeding four

years, while those granted to directors vest over a period of up to three years based on each director's years of

service, and are subject to the director’s continued service through each applicable vesting date.

As of June 30, 2026, the remaining unamortized share-based compensation expense related to restricted stock

awards and units totaled $33.5 million, which is being amortized on a straight-line basis over the service period of

each applicable award. The amount of share-based compensation is based on the fair value of the stock at the

grant date. We define the grant date as the date the recipient and Realty Income have a mutual understanding of

the key terms and conditions of the award, and the recipient of the grant begins to benefit from, or be adversely

affected by, subsequent changes in the price of the shares.

B.Performance Shares

During the six months ended June 30, 2026, we granted 246,900 performance shares, as well as dividend

equivalent rights, to our executive officers. The performance shares are earned based on our Total Shareholder

Return (“TSR”) performance relative to select industry indices and peer groups as well as achievement of certain

operating metrics, and vest 50% as of the date of which the plan administrator determines the achievement of the

applicable goals during the applicable three-year performance period and the remaining 50% on January 1 of the

following year, subject to continued service.

As of June 30, 2026, the remaining share-based compensation expense related to the performance shares totaled

$34.0 million. The performance shares are recognized on a tranche-by-tranche basis over the service period. The

fair value of the performance shares was estimated on the date of grant using a Monte Carlo Simulation model.