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On the Record · Realty Income

Realty Income acquisitions, on the record

The businesses Realty Income bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Spirit Realty Capital, Inc. ("Spirit", formerly NYSE: SRC)
Word for word“On January 23, 2024, we closed on our previously announced merger with Spirit Realty Capital, Inc. ("Spirit", formerly NYSE: SRC), which is further described in note 21, Subsequent Events, to the consolidated financial statements.” 10-K for 2023
agreed acquisitionOn January 23, 2024—
Decathlon SE ("Decathlon") sale-leaseback properties in France, Germany, Italy, Portugal, and Spain
Word for word“We entered the markets of France, Germany, and Portugal for the first time through sale-leaseback transactions with affiliates of Decathlon, a world leader in retail sporting goods and an investment grade rated company, for €527.0 million, which includes 82 retail properties located in France, Germany, Italy, Portugal, and Spain.” 10-K for 2023
acquisition—€527.0 million
Common and preferred interests from Blackstone Real Estate Trust, Inc. ("BREIT") in a joint venture owning a 95% interest in The Bellagio Las Vegas
Word for word“In October 2023, we completed our previously announced $951.4 million acquisition of common and preferred interests from Blackstone Real Estate Trust, Inc. ("BREIT") in a new joint venture that owns a 95% interest in the real estate of The Bellagio Las Vegas.” 10-K for 2023
acquisitionIn October 2023$951.4 million
80% equity interest in a venture with Digital Realty to develop two build-to-suit data centers in Northern Virginia
Word for word“We invested approximately $199.8 million to acquire an 80% equity interest in the venture, while Digital Realty maintains a 20% interest.” 10-K for 2023
acquisition—approximately $199.8 million
Spirit Realty Capital, Inc. ("Spirit", formerly NYSE: SRC)
Word for word“On January 23, 2024, we closed on our merger with Spirit Realty Capital, Inc. ("Spirit", formerly NYSE: SRC), which is further described in note 2 , Merger with Spirit Realty Capital, Inc. , to the consolidated financial statements.” 10-K for 2024
mergerJanuary 23, 2024—
Properties sold during 2024 (294 properties)
Word for word“The following summarizes our property dispositions (dollars in millions): Years ended December 31, 2024 2023 Number of properties sold 294 121 Net sales proceeds $ 589.5 $ 117.4 Gain on sales of real estate $ 117.3 $ 25.7 Foreign Currency and Derivative Gain (Loss), Net We borrow in the functional currencies of the countries in which we invest.” 10-K for 2024
divestiture——
Spirit Realty Capital, Inc.
Word for word“(5) Amounts for the year ended December 31, 2024 represent rental revenue from Spirit Realty Capital, Inc. (“Spirit”) properties, which were not included in our financial statements prior to the close of the merger (the "Merger") with Spirit on January 23, 2024.” 10-K for 2025
mergerJanuary 23, 2024—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2019-12-31$0
2020-12-31$0
2021-12-31$366 million
2022-12-31$0
2023-12-31$0

Deal filings since 2016

Read from Realty Income’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.