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Volume 2,351,570
Learn More December 14, 2018

Press Releases

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Dec 17, 2013
ESCONDIDO, Calif. , Dec. 17, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), the Monthly Dividend Company ® , (NYSE: O), announced today that the company has signed purchase and sale agreements with Inland Diversified Real Estate Trust, Inc. ("Inland") and certain subsidiaries of Inland, to acquire 84 single-tenant, 100% net-leased properties, for approximately $503 million. The acquisition will be financed with approximately $349 million in cash and the assumption of approximately $154 million of debt. The portfolio to be acquired consists of primarily retail, industrial and distribution properties leased to 16 tenants, in 12 different industries, located in 22 states, with an initial average lease term of 13.7 years. In addition, 68% of the rental revenue is generated by investment grade tenants. The transaction is expected to close during the first quarter of 2014. However, the acquisition of these properties is subject to certain closing conditions, and ...
Dec 17, 2013
ESCONDIDO, Calif. , Dec. 17, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced its board of directors has declared an increase in the company's common stock monthly cash dividend to $0.1821667 per share from $0.1818542 per share. The dividend is payable on January 15, 2014 to shareholders of record as of January 2, 2014. This is the 74 th dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of approximately $2.186 per share as compared to the previous annualized dividend amount of approximately $2.182 per share. The company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis. To view a history of Realty Income's dividend increases , refer to the chart below or visit the company's website at www.realtyincome.com . (Photo: ...
Dec 17, 2013
ESCONDIDO, Calif. , Dec. 17, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE:O), today announced that its Board of Directors declared dividends on the Company's Monthly Income Class E and Class F preferred stock. The monthly dividends on the Class E and Class F preferred stock are payable on January 15, 2014 to shareholders of record as of January 1, 2014 . The monthly dividend amount on the Class E preferred stock is $0.140625 per share, for an annualized amount of $1.6875 per share. The monthly dividend amount on the Class F preferred stock is $0.138021 per share, for an annualized amount of $1.656252 per share. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) Realty Income, The Monthly Dividend Company ® , is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the company has declared 522 consecutive common stock monthly dividends throughout ...
Nov 12, 2013
ESCONDIDO, Calif. , Nov. 12, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced that its Board of Directors has declared the 521 st consecutive common stock monthly dividend. The dividend amount of $0 .1818542 per share, representing an annualized amount of approximately $2.182 per share, is payable on December 16, 2013 to shareholders of record as of December 2, 2013 . (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The Board of Directors also declared dividends on the company's Monthly Income Class E and Class F preferred stock. The monthly dividend amount of $0.140625 on the Class E preferred stock is payable on December 16, 2013 to shareholders of record as of December 1, 2013 . The annualized dividend amount for the Class E preferred shares is $1.6875 . The monthly dividend amount of $0.138021 on the Class F preferred shares is payable on December 16, 2013 to shareholders of record as ...
Oct 31, 2013
ESCONDIDO, Calif. , Oct. 31, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® (NYSE: O), today announced record operating results for the third quarter ended September 30, 2013 . Access to this document is available at www.realtyincome.com . All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. (Logo:  http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) COMPANY HIGHLIGHTS: For the quarter ended September 30, 2013 (as compared to the same quarterly period in 2012): Revenue increased 70.2% to $199.3 million as compared to $117.1 million Net income available to common stockholders per share was $0.21 Normalized FFO available to common stockholders increased 68.5% to $116.1 million Normalized FFO per share increased 13.5% to $0.59 , and includes a non-cash $0.02 reduction for accelerated stock vesting from 10 years to 5 years AFFO available to common stockholders ...
Oct 29, 2013
ESCONDIDO, Calif., Oct. 29, 2013 /PRNewswire/ - Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), announced today that the company has expanded its unsecured acquisition credit facility from $1.0 billion to $1.5 billion. The company exercised the $500 million accordion expansion of the existing credit facility with its current bank lending group. All other material business terms of the credit facility remain unchanged. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO ) The Sole Lead Arranger for the credit facility is Wells Fargo Securities LLC. Bank of America, N.A. and Regions Bank are Co-Syndication Agents, and U.S. Bank National Association, J.P. Morgan Chase Bank, N.A., Royal Bank of Canada and The Bank of New York Mellon are Co-Documentation Agents. The other participants in the credit facility are: Union Bank, N.A., Branch Banking and Trust Company, BBVA Compass Bank, PNC Bank, Raymond James, Capital One Bank, Sumitomo Mitsui and ...
Oct 25, 2013
ESCONDIDO, Calif. , Oct. 25, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE: O), announced that in addition to the already upsized 8,500,000 share common stock offering, an additional 1,275,000 shares were purchased by the underwriters upon the exercise of their over-allotment option. With the full exercise of the over-allotment option, the total shares sold in the offering, which closed today, was 9,775,000 shares, and the total net proceeds from the offering, after underwriting discounts and offering expenses payable by the company, is approximately $378 million . (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The net proceeds from the offering will be used to repay borrowings under the company's $1.0 billion acquisition credit facility, which were, and will be, used to fund real estate acquisitions. All of the shares were sold by the company. The underwriters for the offering are: BofA Merrill Lynch, ...
Oct 21, 2013
ESCONDIDO, Calif. , Oct. 21, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE: O), today announced that a public offering of 8,500,000 shares of the company's common stock has been priced at a public offering price of $40.63 per share, and is expected to close October 25, 2013 . Net proceeds from the offering, after underwriting discounts and estimated offering expenses payable by the company and assuming no exercise of the underwriters' overallotment option, will be approximately $329 million . The offering was upsized from an original amount of 6,500,000 shares to the final offering size of 8,500,000 shares. The company has also granted the underwriters a 30-day option to purchase up to 1,275,000 additional shares of common stock to cover overallotments, if any. All of the shares are being sold by the company. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The company expects to use the net proceeds from the ...
Oct 21, 2013
ESCONDIDO, Calif. , Oct. 21, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE: O), today announced that it has commenced an underwritten public offering of 6,500,000 shares of common stock. The Company also plans to grant the underwriters a 30-day option to purchase up to 975,000 additional shares of common stock to cover overallotments, if any. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, J.P. Morgan, Jefferies, RBC Capital Markets, and UBS Investment Bank (joint book-running managers), Baird, Citigroup, Credit Suisse, and Raymond James , (co-lead managers), Barclays, BB&T Capital Markets, Piper Jaffray and Stifel Nicolaus Weisel (senior co-managers), and BNY Mellon Capital Markets, LLC and Ladenburg Thalmann (co-managers).  (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The Company expects to use the net proceeds from the offering to repay borrowings ...
Oct 21, 2013
ESCONDIDO, Calif., Oct. 21, 2013 /PRNewswire/ - Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O) announced today that, during the third quarter of 2013, the company invested approximately $503 million in new properties and properties under development or expansion with an initial weighted average contractual lease rate of 7.1% and a weighted average lease term of approximately 14.7 years. Approximately 72% of the revenue generated from these acquisitions is from investment grade tenants. During the first nine months of 2013, the company invested approximately $1.37 billion in new properties and properties under development or expansion, in addition to the $3.2 billion acquisition of American Realty Capital Trust, Inc. in January. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO ) Realty Income, The Monthly Dividend Company®, is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly ...
Oct 16, 2013
ESCONDIDO, Calif., Oct. 16, 2013 /PRNewswire/ - Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), today announced that Sumit Roy will assume the role of Chief Investment Officer ("CIO") of Realty Income and will be responsible for overseeing the company's investment activities. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO ) Serving most recently as Executive Vice President, Acquisitions, Mr. Roy has done an outstanding job as Realty Income's acquisitions team leader and has been integral to implementing the company's expanded acquisitions strategy focused on increasing the size, quality and diversity of its real estate portfolio. Mr. Roy's responsibilities have included running the day-to-day operations and executing the strategic directives of the acquisitions group. As such, he has worked on all of the recent large entity and property portfolio acquisitions that have been completed. Prior to joining the company, Mr. Roy was a New ...
Oct 15, 2013
ESCONDIDO, Calif. , Oct. 15, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced that its Board of Directors has declared the 520 th consecutive common stock monthly dividend. The dividend amount of $0 .1818542 per share, representing an annualized amount of approximately $2.182 per share, is payable on November 15, 2013 to shareholders of record as of November 1, 2013 . (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The Board of Directors also declared dividends on the company's Monthly Income Class E and Class F preferred stock. The monthly dividend amount of $0.140625 on the Class E preferred stock is payable on November 15, 2013 to shareholders of record as of November 1, 2013 . The annualized dividend amount for the Class E preferred shares is $1.6875 . The monthly dividend amount of $0.138021 on the Class F preferred shares is payable on November 15, 2013 to shareholders of record as ...
Oct 04, 2013
ESCONDIDO, Calif. , Oct. 4, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced that on October 31, 2013 , it will webcast the 2013 third quarter operating results conference call at 1:30 p.m. Pacific Time . John P. Case , Chief Executive Officer, Paul M. Meurer , Executive Vice President, Chief Financial Officer and Treasurer, and Sumit Roy , Executive Vice President and Head of Acquisitions will conduct the call.  (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) Webcast Instructions:
The webcast will be made available through NASDAQ OMX and can be accessed as follows: Go to the Realty Income website at www.realtyincome.com Click on the October 31 webcast link on the home page Link to the webcast Register to hear the call Click to submit the registration information A replay of the conference call webcast may be accessed after the conclusion of the live broadcast. To access the replay, go ...
Sep 10, 2013
ESCONDIDO, Calif. , Sept. 10, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE:O), today announced that its Board of Directors declared dividends on the Company's Monthly Income Class E and Class F preferred stock. The monthly dividends on the Class E and Class F preferred stock are payable on October 15, 2013 to shareholders of record as of October 1, 2013 . The monthly dividend amount on the Class E preferred stock is $0.140625 per share, for an annualized amount of $1.6875 per share. The monthly dividend amount on the Class F preferred stock is $0.138021 per share, for an annualized amount of $1.656252 per share. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) Realty Income, The Monthly Dividend Company ® , is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the company has declared 519 consecutive common stock monthly dividends throughout ...
Sep 10, 2013
ESCONDIDO, Calif. , Sept. 10, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced its board of directors has declared an increase in the company's common stock monthly cash dividend to $0.1818542 per share from $0.1815417 per share. The dividend is payable on October 15, 2013 to shareholders of record as of October 1, 2013. This is the 73 rd dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of approximately $2.182 per share as compared to the previous annualized dividend amount of approximately $2.179 per share. The company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis. To view a history of Realty Income's dividend increases , refer to the chart below or visit the company's website at www.realtyincome.com . (Photo: ...
Sep 03, 2013
ESCONDIDO, Calif., Sept. 3, 2013 /PRNewswire/ - Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O) today announced that its Board of Directors has appointed John P. Case to the position of Chief Executive Officer of the company. Mr. Case, who has served as President and Chief Investment Officer, succeeds Tom A. Lewis, who decided to retire as the company's CEO.  Mr. Lewis, who had been CEO since 1997, will remain at the company until early next year to assist with the transition, and will continue to serve as Vice Chairman of the company's Board of Directors. With this appointment, Mr. Case becomes only the third CEO in Realty Income's 44-year history. (Photo: http://photos.prnewswire.com/prnh/20130903/LA73298 ) (Logo:  http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) Mr. Case has worked closely with Mr. Lewis on the company's long-term corporate strategy and operational structure. Over the last few years, Mr. Case has also been responsible for ...
Aug 22, 2013
ESCONDIDO, Calif. , Aug. 22, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE: O), today announced that its Board of Directors has declared the 518 th consecutive common stock monthly dividend. The dividend amount of $0 .1815417 per share, representing an annualized amount of approximately $2.179 per share, is payable on September 16, 2013 to shareholders of record as of September 3, 2013 . (Logo:  http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The Board of Directors also declared dividends on the company's Monthly Income Class E and Class F preferred stock. The monthly dividend amount of $0.140625 on the Class E preferred stock is payable on September 16, 2013 to shareholders of record as of September 1, 2013 . The annualized dividend amount for the Class E preferred shares is $1.6875 . The monthly dividend amount of $0.138021 on the Class F preferred shares is payable on September 16, 2013 to shareholders of ...
Jul 25, 2013
ESCONDIDO, Calif. , July 25, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® (NYSE: O), today announced record operating results for the second quarter ended June 30, 2013 . Access to this document is available at www.realtyincome.com . All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) COMPANY HIGHLIGHTS: For the quarter ended June 30, 2013 (as compared to the same quarterly period in 2012): Revenue increased 63.0% to $184.3 million as compared to $113.1 million Net income available to common stockholders per share was $0.23 Normalized FFO available to common stockholders increased 82.8% to $119.2 million Normalized FFO per share increased 24.5% to $0.61 AFFO available to common stockholders increased 73.8% to $115.6 million AFFO per share increased 18.0% to $0.59 Same store rents increased 1.1% to ...
Jul 16, 2013
ESCONDIDO, Calif. , July 16, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced that its Board of Directors has declared the 517 th consecutive common stock monthly dividend. The dividend amount of $0 .1815417 per share, representing an annualized amount of approximately $2.179 per share, is payable on August 15, 2013 to shareholders of record as of August 1, 2013 . (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The Board of Directors also declared dividends on the company's Monthly Income Class E and Class F preferred stock. The monthly dividend amount of $0.140625 on the Class E preferred stock is payable on August 15, 2013 to shareholders of record as of August 1, 2013 . The annualized dividend amount for the Class E preferred shares is $1.6875 . The monthly dividend amount of $0.138021 on the Class F preferred shares is payable on August 15, 2013 to shareholders of record as of August ...
Jul 09, 2013
ESCONDIDO, Calif., July 9, 2013 /PRNewswire/ - Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O) announced today that, during the second quarter of 2013, the company invested approximately $735 million in new properties and properties under development or expansion. During the first six months of 2013, Realty Income has invested approximately $865 million in new properties and properties under development or expansion at an initial average lease yield of 7.0%, with a weighted average lease term of approximately 14 years. Over 60% of the acquisitions are leased to investment grade tenants. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO ) Updated 2013 Acquisitions Realty Income estimates that it will acquire over $1.0 billion of properties in 2013, versus its previous estimate of $550 million in property acquisitions. This is in addition to the $3.2 billion acquisition of 515 properties resulting from the company's acquisition of American ...
Jul 09, 2013
ESCONDIDO, Calif. , July 9, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE:O), today announced the pricing of $750 million of 4.65% senior unsecured notes due 2023. The public offering price for the notes was 99.775% of the principal amount for an effective yield to maturity of 4.678%. The net proceeds from the offering will be used to repay all of the borrowings outstanding under the company's acquisition credit facility and for other general corporate purposes and working capital, which may include acquisitions.  (Logo:  http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The joint-book running managers for the offering are Citigroup, BofA Merrill Lynch, BNY Mellon Capital Markets, LLC, J.P. Morgan, RBC Capital Markets, Regions Securities LLC, US Bancorp, and Wells Fargo Securities. The lead manager for the offering is Morgan Stanley. Senior co-managers include BB&T Capital Markets, BBVA Securities, ...
Jul 03, 2013
ESCONDIDO, Calif. , July 3, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced that on July 25, 2013 , it will webcast the 2013 second quarter operating results conference call at 1:30 p.m. Pacific Time . Tom A. Lewis, Chief Executive Officer, John P. Case, President and Chief Investment Officer, and Paul M. Meurer , Executive Vice President, Chief Financial Officer and Treasurer, will conduct the call. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) Webcast Instructions:
The webcast will be made available through NASDAQ OMX and can be accessed as follows: Go to the Realty Income website at www.realtyincome.com Click on the July 25 webcast link on the home page Link to the webcast Register to hear the call Click to submit the registration information A replay of the conference call webcast may be accessed after the conclusion of the live broadcast. To access the ...
Jun 20, 2013
ESCONDIDO, Calif. , June 20, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE:O) today announced that Standard & Poor's Ratings Services upgraded the company's senior unsecured debt ratings to BBB+ from BBB and its preferred stock ratings to BBB- from BB+, with a stable outlook. (Logo:  http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) Standard & Poor's issued a press release entitled "Realty Income Corp. Is Upgraded to' BBB+', Outlook is Stable; Senior Unsecured Debt Ratings Are Raised to BBB+", published by Primary Credit Analyst, Elizabeth Campbell and Secondary Credit Analyst, George Skoufis , on June 19, 2013 . The press release, in its entirety, is reproduced with permission of Standard & Poor's, a division of the McGraw-Hill Companies, Inc. "Overview Escondido, Calif. -based Realty Income Corp. is the largest owner of net leased commercial real estate in the U.S. and its portfolio of ...
Jun 18, 2013
ESCONDIDO, Calif. , June 18, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced its board of directors has declared an increase in the company's common stock monthly cash dividend to $0.1815417 per share from $0.1812292 per share. The dividend is payable on July 15, 2013 to shareholders of record as of July 1, 2013. This is the 72 nd dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of approximately $2.179 per share as compared to the previous annualized dividend amount of $2.175 per share. The company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis. To view a history of Realty Income's dividend increases , refer to the chart below or visit the company's website at www.realtyincome.com . (Photo: http://photos.prnewswire.com/prnh/20130618/LA34511-INFO) ...
Jun 18, 2013
ESCONDIDO, Calif. , June 18, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE:O), today announced that its Board of Directors declared dividends on the Company's Monthly Income Class E and Class F preferred stock. The monthly dividends on the Class E and Class F preferred stock are payable on July 15, 2013 to shareholders of record as of July 1, 2013 . The monthly dividend amount on the Class E preferred stock is $0.140625 per share, for an annualized amount of $1.6875 per share. The monthly dividend amount on the Class F preferred stock is $0.138021 per share, for an annualized amount of $1.656252 per share. (Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) Realty Income, The Monthly Dividend Company ® , is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the company has declared 516 consecutive common stock monthly dividends ...
May 07, 2013
ESCONDIDO, Calif. , May 7, 2013 / PRNewswire / - Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced that its Board of Directors has declared the 515 th consecutive common stock monthly dividend. The dividend amount of $0 .1812292 per share, representing an annualized amount of approximately $2.175 per share, is payable on June 17, 2013 to shareholders of record as of June 3, 2013 . (Logo:  http://photos.prnewswire.com/prnh/20130507/MM09486LOGO) The Board of Directors also declared dividends on the company's Monthly Income Class E and Class F preferred stock. The monthly dividend amount of $0.140625 on the Class E preferred stock is payable on June 17, 2013 to shareholders of record as of June 1, 2013 . The annualized dividend amount for the Class E preferred shares is $1.6875 . The monthly dividend amount of $0.138021 on the Class F preferred shares is payable on June 17, 2013 to shareholders of record as of June 1, 2013 ...
Apr 25, 2013
ESCONDIDO, CALIFORNIA, April 25, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company® (NYSE: O), today announced record operating results for the first quarter ended March 31, 2013. Access to this document is available at www.realtyincome.com. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. ...
Apr 16, 2013
ESCONDIDO, CALIFORNIA April 16, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE:O), today announced that its Board of Directors has declared the 514 th consecutive common stock monthly dividend. The dividend amount of $0.1812292 per share, representing an annualized amount of approximately $2.175 per share, is payable on May 15, 2013 to shareholders of record as of May 1, 2013. ...
Mar 13, 2013
ESCONDIDO, CALIFORNIA, March 13, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), today announced its board of directors has declared an increase in the company’s common stock monthly cash dividend to $0.1812292 per share from $0.1809167 per share. The dividend is payable on April 15, 2013 to shareholders of record as of April 1, 2013. This is the 71 st dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of approximately $2.175 per share as compared to the previous annualized dividend amount of $2.171 per share. The company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis. To view a history of Realty Income’s dividend increases, refer to the chart below or visit the company’s website at www.realtyincome.com. ...
Mar 11, 2013
ESCONDIDO, CALIFORNIA, March 11, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O), announced that in addition to the already upsized 15,000,000 share common stock offering that closed today, an additional 2,250,000 shares were purchased by the underwriters upon the exercise of their overallotment option. With the full exercise of the over-allotment option, the total shares sold in the offering was 17,250,000 shares, and the total net proceeds from the offering, after underwriting discounts and offering expenses payable by the Company, is approximately $756 million. ...
Mar 05, 2013
ESCONDIDO, CALIFORNIA, March 5, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O), today announced that it has commenced an underwritten public offering of 10,000,000 shares of common stock. The Company also plans to grant the underwriters a 30-day option to purchase up to 1,500,000 additional shares of common stock to cover overallotments, if any. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Credit Suisse, Raymond James, RBC Capital Markets, and UBS Investment Bank (joint book-running managers), J.P. Morgan and Jefferies (co-lead managers), Baird, Barclays, BB&T Capital Markets, Citigroup, and Stifel Nicolaus Weisel (senior co-managers), and BNY Mellon Capital Markets, LLC and Piper Jaffray (co-managers). ...
Mar 05, 2013
ESCONDIDO, CALIFORNIA, March 5, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O), today announced that a public offering of 15,000,000 shares of the company’s common stock has been priced at a public offering price of $45.90 per share, and is expected to close March 11, 2013. Net proceeds from the offering, after underwriting discounts and estimated offering expenses payable by the company and assuming no exercise of the underwriters’ overallotment option, will be approximately $656.9 million. The offering was upsized from an original amount of 10,000,000 shares to the final offering size of 15,000,000 shares. The company has also granted the underwriters a 30-day option to purchase up to 2,250,000 additional shares of common stock to cover overallotments, if any. All of the shares are being sold by the company. ...
Mar 01, 2013
ESCONDIDO, CALIFORNIA, March 1, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), today announced that John P. Case has been named Co-President of Realty Income. John will also continue as Chief Investment Officer and will join Co-President and Chief Operating Officer, Gary Malino, in running the day-to-day operations of the company. Mr. Case will oversee all of the company’s investment activities, capital markets, finance and accounting, corporate communications and investor relations functions. He will also join Mr. Malino in working with Chief Executive Officer, Tom A. Lewis, on the company’s long-term corporate strategy and operational structure. ...
Feb 14, 2013
ESCONDIDO, CALIFORNIA, February 14, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company® (NYSE: O), today announced record operating results for the fourth quarter and year ended December 31, 2012. Access to this document is available at www.realtyincome.com. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. ...
Feb 12, 2013
ESCONDIDO, CALIFORNIA February 12, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), today announced that its Board of Directors has declared the 512 th consecutive common stock monthly dividend. The dividend amount of $0.1809167 per share, representing an annualized amount of $2.171 per share, is payable on March 15, 2013 to shareholders of record as of March 1, 2013. ...
Jan 22, 2013
ESCONDIDO, CALIFORNIA, January 22, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced it has formally closed the acquisition of American Realty Capital Trust (ARCT) that was approved by both Realty Income and ARCT shareholders at their shareholder meetings held on January 16, 2013. ...
Jan 22, 2013
ESCONDIDO, CALIFORNIA, January 22, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company® , (NYSE:O), today announced its board of directors has declared an increase in the company’s common stock monthly cash dividend to $0.1809167 per share from $0.15175 per share. The dividend is payable on February 15, 2013 to shareholders of record as of February 1, 2013. This is the 70th dividend increase since Realty Income went public in 1994. The new dividend amount represents an annualized increase of $0.35 per share, or 19.2%, to $2.171 per share, as compared to the previous annualized dividend amount of $1.821 per share. The company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis. To view a history of Realty Income’s dividend increases, refer to the chart below or visit the company’s website at www.realtyincome.com. ...
Jan 16, 2013
ESCONDIDO, CALIFORNIA, January 16, 2013. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O), announced today that Realty Income and American Realty Capital Trust (ARCT) shareholders have approved the acquisition of ARCT by Realty Income. The transaction is expected to close later in January. ...
Jan 07, 2013
ESCONDIDO, California and NEW YORK, New York, January 7, 2013 - Realty Income Corporation, the Monthly Dividend Company®, (NYSE: O) (“Realty Income”) and American Realty Capital Trust, Inc., (NASDAQ: ARCT) ("ARCT") today announced that they have signed an amendment (the “Amendment”) to the previously announced definitive merger agreement (the “Merger Agreement”) between the two companies. Under the terms of the Merger Agreement, as amended by the Amendment, Realty Income will now pay ARCT stockholders a one-time cash payment of $0.35 per share in addition to the existing fixed exchange ratio of 0.2874 Realty Income shares for each share of ARCT common stock that they own. The additional cash consideration of $0.35 per share totals approximately $55.5 million in additional proceeds for the ARCT stockholders, of which approximately $52.5 million is being funded by Realty Income and $3.0 million by AR Capital LLC, including William M. Kahane, Chief Executive Officer, President and ...
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