Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

			Initial Cost to Company		Cost Capitalized Subsequent to Acquisition			Gross Amount at Which Carried at Close of Period (Notes 3, 4 and 6)
Description	Number of Properties (Note 1)	Encumbrances (Note 2)	Land	Buildings, Improvements and Acquisition Fees	Improvements		Carrying Costs	Land	Buildings, Improvements and Acquisition Fees	Total	Accumulated Depreciation (Note 5)	Date of Construction	Date Acquired	Life on which depreciation in latest Income Statement is Computed (in Years)
U.S.
Aerospace	5	14,409,617	6,890,774	110,783,380	216,638		—	6,890,774	111,000,018	117,890,792	28,630,112	1994-2013	6/20/2011-6/27/2013	25-35
Apparel stores	30	13,925,000	58,918,135	141,491,607	3,983,429		218,760	58,918,135	145,693,796	204,611,931	47,856,451	1960-2012	10/30/1987-12/2/2019	4-35
Automotive collision services	75	—	52,729,547	119,655,706	1,799,680		10,000	52,729,547	121,465,386	174,194,933	28,390,510	1928-2018	8/30/2002-6/11/2019	19-25
Automotive parts	249	6,637,578	96,978,473	248,888,548	4,622,175		826,885	96,978,473	254,337,608	351,316,081	64,101,899	1969-2018	8/6/1987-12/4/2019	0-25
Automotive service	303	—	143,625,084	210,090,349	582,498		164,051	143,625,084	210,836,898	354,461,982	66,008,493	1920-2017	10/2/1985-12/2/2019	0-25
Automotive tire services	196	—	122,250,160	225,175,623	384,194		97,335	122,250,160	225,657,152	347,907,312	115,198,601	1947-2017	8/28/1985-12/2/2019	0-40
Beverages	18	—	213,728,623	105,911,254	—		148	213,728,623	105,911,402	319,640,025	40,267,343	2010	6/25/2010-12/15/2011	25
Book Stores	1	—	998,250	3,696,707	129,751		79	998,250	3,826,537	4,824,787	3,433,527	1996	3/11/1997	24-25
Child care	274	—	95,553,417	212,059,451	5,053,358		917,720	95,553,417	218,030,529	313,583,946	105,257,799	1961-2018	12/22/1981-10/25/2019	0-25
Consumer appliances	4	—	8,901,103	85,212,965	109,951		55	8,901,103	85,322,971	94,224,074	13,916,454	2004-2019	7/31/2012-12/27/2019	0
Consumer electronics	10	—	14,623,047	21,833,858	884,168		51,616	14,623,047	22,769,642	37,392,689	11,068,011	1992-1998	6/9/1997-11/3/2017	22-25
Consumer goods	4	—	7,663,458	124,173,738	894,295		—	7,663,458	125,068,033	132,731,491	22,472,474	1987-2011	1/22/2013-9/22/2015	34-35
Convenience stores	1,246	—	1,047,085,568	1,333,428,902	(733,628	)	145,550	1,047,085,568	1,332,840,824	2,379,926,392	322,769,573	1949-2018	3/3/1995-12/2/2019	0-26
Crafts and novelties	19	—	20,948,352	70,829,924	881,481		440,482	20,948,352	72,151,887	93,100,239	14,466,453	1974-2017	11/26/1996-12/2/2019	22-35
Diversified industrial	6	19,397,723	10,231,370	108,326,826	114,454		—	10,231,370	108,441,280	118,672,650	17,452,956	1989-2015	9/19/2012-2/3/2016	25-35
Dollar stores	1,302	11,127,000	428,220,601	1,249,436,205	1,459,285		8,879	428,220,601	1,250,904,369	1,679,124,970	251,174,478	1935-2019	2/3/1998-12/20/2019	0-25
Drug stores	387	130,834,786	578,997,186	1,340,130,844	4,948,980		100,379	578,997,186	1,345,180,203	1,924,177,389	305,323,601	1965-2015	9/30/1998-12/16/2019	0-35
Education	14	—	6,739,123	21,648,901	472,942		155,418	6,739,123	22,277,261	29,016,384	17,188,255	1980-2000	12/19/1984-6/28/2006	0-25
Electric utilities	1	—	1,450,000	9,209,989	—		—	1,450,000	9,209,989	10,659,989	1,678,439	1983	8/30/2013	35
Entertainment	10	—	28,373,479	10,617,464	327,607		—	28,373,479	10,945,071	39,318,550	6,178,632	1989-1999	3/26/1998-9/11/2014	24-25
Equipment services	7	7,073,296	4,116,067	54,045,575	689,663		140	4,116,067	54,735,378	58,851,445	14,967,071	2000-2014	7/3/2003-12/2/2019	25-35
Financial services	239	13,800,000	115,487,739	351,992,876	(3,690,753	)	101,099	115,487,739	348,403,222	463,890,961	74,256,644	1807-2015	3/10/1987-6/29/2018	0-35
Food processing	7	28,867,158	13,226,562	153,588,645	210,469		—	13,226,562	153,799,114	167,025,676	20,948,814	1987-2019	4/1/2011-9/27/2019	25-35
General merchandise	100	5,070,372	104,508,825	436,513,003	(2,938,508	)	557,868	104,508,825	434,132,363	538,641,188	63,223,300	1964-2020	8/6/1987-12/2/2019	0-35
Government services	16	—	8,093,555	121,514,780	2,981,604		—	8,093,555	124,496,384	132,589,939	25,784,980	1983-2011	9/17/2009-1/22/2013	25-35
Grocery stores	132	38,621,000	264,275,526	780,156,042	1,811,459		325,183	264,275,526	782,292,684	1,046,568,210	124,219,525	1948-2019	5/26/1988-12/16/2019	0-35
Health and beauty	2	—	2,475,474	42,821,046	68,912		—	2,475,474	42,889,958	45,365,432	1,979,227	2005-2017	11/1/2006-4/13/2018	25-35
Health and fitness	103	4,281,354	246,562,831	990,068,700	8,099,776		172,145	246,562,831	998,340,621	1,244,903,452	225,107,912	1940-2019	5/31/1995-12/2/2019	0-25
Health care	64	4,079,345	46,055,832	298,433,438	3,748,031		1,314,067	46,055,832	303,495,536	349,551,368	55,246,790	1930-2018	9/9/1991-12/2/2019	14-35
Home furnishings	73	9,700,000	35,099,395	113,295,067	2,562,697		372,213	35,099,395	116,229,977	151,329,372	39,350,470	1960-2015	1/24/1984-12/2/2019	0-35
Home improvement	77	17,725,463	186,981,286	375,408,283	2,113,587		75,210	186,981,286	377,597,080	564,578,366	69,273,547	1950-2009	12/22/1986-12/2/2019	0-35
Insurance	1	—	634,343	6,331,030	—		—	634,343	6,331,030	6,965,373	1,867,654	2012	8/28/2012	25
Jewelry	4	—	—	8,268,989	—		—	—	8,268,989	8,268,989	2,301,535	2006-2008	1/22/2013	25
Machinery	1	—	1,630,917	12,938,430	—		—	1,630,917	12,938,430	14,569,347	3,859,965	2010	7/31/2012	25
Motor vehicle dealerships	28	—	115,897,045	143,335,317	—		230	115,897,045	143,335,547	259,232,592	50,293,566	1975-2017	5/13/2004-3/29/2019	0-25
Office supplies	8	—	8,551,005	15,480,491	955,594		349,599	8,551,005	16,785,684	25,336,689	13,661,632	1995-2014	1/29/1997-12/2/2019	22-25
Other manufacturing	7	23,897,971	8,893,136	104,286,273	1,663,646		240,191	8,893,136	106,190,110	115,083,246	18,426,589	1989-2016	1/22/2013-12/21/2016	33-35
Packaging	10	2,164,411	20,323,553	163,714,298	2,480,122		—	20,323,553	166,194,420	186,517,973	27,809,312	1965-2016	6/3/2011-12/20/2017	24-35

			Initial Cost to Company		Cost Capitalized Subsequent to Acquisition			Gross Amount at Which Carried at Close of Period (Notes 3, 4 and 6)
Description	Number of Properties (Note 1)	Encumbrances (Note 2)	Land	Buildings, Improvements and Acquisition Fees	Improvements		Carrying Costs	Land	Buildings, Improvements and Acquisition Fees	Total	Accumulated Depreciation (Note 5)	Date of Construction	Date Acquired	Life on which depreciation in latest Income Statement is Computed (in Years)
Paper	2	—	2,462,414	11,934,685	44,759		—	2,462,414	11,979,444	14,441,858	3,405,630	2002-2006	5/2/2011-12/21/2012	25-35
Pet supplies and services	33	2,509,000	21,563,825	101,699,137	4,604,704		243,582	21,563,825	106,547,423	128,111,248	21,261,419	1950-2019	12/22/1981-12/31/2019	11-35
Restaurants - casual dining	284	—	241,578,772	459,061,392	6,015,925		2,104,667	241,578,772	467,181,984	708,760,756	132,235,171	1965-2018	3/12/1981-12/2/2019	0-40
Restaurants - quick service	907	—	429,303,832	781,719,427	501,803		226,201	429,303,832	782,447,431	1,211,751,263	152,596,196	1967-2019	12/9/1976-12/4/2019	0-26
Shoe stores	3	8,519,815	6,251,472	35,793,479	214,466		214,706	6,251,472	36,222,651	42,474,123	9,719,936	1996-2008	3/26/1998-1/22/2013	23-35
Sporting goods	22	—	36,258,595	107,396,447	1,854,750		178,206	36,258,595	109,429,403	145,687,998	26,537,565	1950-2016	5/1/1990-12/2/2019	0-25
Telecommunications	7	8,578,171	9,269,789	68,360,132	1,484,423		21,884	9,269,789	69,866,439	79,136,228	17,849,025	1990-2016	6/26/1998-12/10/2015	22-35
Theaters	79	—	231,747,795	829,701,257	10,680,179		270	231,747,795	840,381,706	1,072,129,501	194,026,206	1930-2014	7/27/2000-8/13/2019	0-25
Transportation services	58	19,380,313	109,027,503	824,491,647	(3,820,929	)	401,593	109,027,503	821,072,311	930,099,814	160,485,427	1958-2016	4/1/2003-9/6/2016	24-36
Wholesale clubs	32	17,820,000	170,229,880	325,098,377	(3,889,998	)	—	170,229,880	321,208,379	491,438,259	94,747,849	1985-2010	9/30/2011-4/1/2014	0-25
Other	6	—	7,254,447	24,355,185	795,984		18,796	7,254,447	25,169,965	32,424,412	5,639,308	1982-1997	5/29/1984-9/13/2013	0-35
U.K.
Grocery stores	17	—	310,089,274	360,054,272	—		—	310,089,274	360,054,272	670,143,546	6,933,409	1975-2014	5/23/2019-12/20/2019	25-115
Theaters	1	—	2,060,151	2,921,471	—		—	2,060,151	2,921,471	4,981,622	4,869	2011	12/18/2019	25
	6,484	408,419,373	5,704,816,590	13,857,381,432	65,373,623		10,055,207	5,704,816,590	13,932,810,262	19,637,626,852	3,140,854,604

REALTY INCOME CORPORATION AND SUBSIDIARIES

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

Note 1.	Realty Income Corporation owns 6,417 single-tenant properties in the United States and Puerto Rico, our corporate headquarters property in San Diego, California and 18 properties in the United Kingdom. Crest Net Lease, Inc. owns 17 properties.
	Realty Income Corporation also owns 31 multi-tenant properties located in the United States.
Note 2.	Includes mortgages payable secured by 92 properties, but excludes unamortized net debt premiums of $3.0 million.
Note 3.	The aggregate cost for federal income tax purposes for Realty Income Corporation is $20,070,200,483 and for Crest Net Lease, Inc. is $73,548,861.
Note 4.	The following is a reconciliation of total real estate carrying value for the years ended December 31:	2019		2018		2017
	Balance at Beginning of Period	16,566,601,986		15,027,043,415		13,904,519,436
	Additions During Period:
	Acquisitions	3,644,884,106		1,802,745,841		1,531,960,811
	Less amounts allocated to acquired lease intangible assets and liabilities on our Consolidated Balance Sheets	(401,318,627	)	(89,474,897	)	(238,556,294	)
	Improvements, Etc.	17,447,145		23,043,158		11,067,322
	Other (Leasing Costs and Building Adjustments as a result of net debt premiums)	2,740,797		2,839,574		1,584,152
	Total Additions	3,263,753,421		1,739,153,676		1,306,055,991
	Deductions During Period:
	Cost of Real Estate sold	129,736,613		165,023,825		150,394,756
	Cost of Equipment sold	11,200		15,650		—
	Releasing costs	673,647		232,089		109,986
	Other (including Provisions for Impairment)	87,951,488		34,323,541		33,027,270
	Total Deductions	218,372,948		199,595,105		183,532,012
	Foreign Currency Translation	25,644,393		—		—
	Balance at Close of Period	19,637,626,852		16,566,601,986		15,027,043,415
	(1) Includes provision for impairment and, for the year ended 2019, a reclassification of $36.9 million of right of use assets under finance leases in accordance with the adoption of ASC 842, Leases, on January 1, 2019.

Note 5.	The following is a reconciliation of accumulated depreciation for the years ended:
	Balance at Beginning of Period	2,723,085,290	2,350,544,126	2,000,728,517
	Additions During Period - Provision for Depreciation	481,498,979	432,482,396	393,415,491
	Deductions During Period:
	Accumulated depreciation of real estate and equipment sold or disposed of	64,053,838	59,941,232	43,599,882
	Foreign Currency Translation	324,174	—	—
	Balance at Close of Period	3,140,854,604	2,723,085,290	2,350,544,126
Note 6.	In 2019, provisions for impairment were recorded on fifty-one Realty Income properties.
	In 2018, provisions for impairment were recorded on forty-four Realty Income properties.
	In 2017, provisions for impairment were recorded on twenty-six Realty Income properties.
	See report of independent registered public accounting firm.