Realty Income Press Releases & News - The Monthly Dividend Company

May 23, 2019

Realty Income Announces Closing Of £429 Million Sale-Leaseback Transaction With Sainsbury's

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced it has closed on the previously announced acquisition of 12 properties located in the United Kingdom for £429 million under long-term net lease agreements with Sainsbury's. The transaction is Realty Income's first international real estate acquisition. The sale-leaseback transaction with Sainsbury's is executed at a 5.31% GBP initial cap rate, includes annual rent increases over the duration of the lease term, and carries a weighted average lease term of approximately 15 years. The transaction is partially funded with proceeds from the private placement of £315 million senior unsecured notes due 2034 with a fixed interest rate of 2.73%. The balance of the purchase price, as well as the majority of net cash flow generated from the transaction, is hedged through a 15-year cross currency swap, which minimizes the company's exposure to foreign exchange rate fluctuations. Forward-Looking ...

May 20, 2019

Realty Income Completes £315 Million Private Placement Of Senior Unsecured Notes Due 2034

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it closed on a private placement of £315 million senior unsecured notes of the company due 2034. The Sterling-denominated notes have a fixed interest rate of 2.73%. Net proceeds from the offering will be used to fund a portion of the purchase price of the company's £429 million sale-leaseback transaction with Sainsbury's, and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes. As previously announced, the company has signed a definitive agreement to acquire, from a joint venture of affiliates of J Sainsbury PLC ("Sainsbury's") and British Land PLC, 12 properties located in the United Kingdom under long-term net lease agreements with Sainsbury's. The company expects to close on the Sainsbury's transaction on or around May 22, 2019. The notes were sold in reliance on the exemption from ...

May 17, 2019

Realty Income Announces Underwriters Exercise Full Option On Common Stock Offering

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that the underwriters of its recent 11,000,000 share common stock offering exercised their option to purchase an additional 1,650,000 shares of common stock. As a result, net proceeds from the 12,650,000 share offering, after underwriting discounts and estimated offering expenses payable by the company, are approximately $845 million. The company intends to use the net proceeds from the offering to repay all or a portion of the borrowings outstanding under its $3.0 billion unsecured revolving credit facility and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Credit Suisse, Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Markets, Barclays, Citigroup, Jefferies, Mizuho Securities, and Stifel (joint ...

May 14, 2019

587th Consecutive Common Stock Monthly Dividend Declared By Realty Income

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 587 th consecutive common stock monthly dividend. The dividend amount of $0.226 per share, representing an annualized amount of $2.712 per share, is payable on June 14, 2019 to shareholders of record as of June 3, 2019. The ex-dividend date for June's dividend is May 31, 2019. About the Company
Realty Income, The Monthly Dividend Company ® , is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,800 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, the company has declared 587 consecutive common stock monthly dividends throughout its 50-year operating history and increased the dividend 101 times since Realty Income's public ...

May 09, 2019

Realty Income Closes 11.0 Million Share Common Stock Offering

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the closing of an 11,000,000 share common stock offering. Net proceeds from the offering, after underwriting discounts, and estimated offering expenses payable by the company, are approximately $735 million. The company also granted the underwriters a 30-day option to purchase up to 1,650,000 additional shares of common stock. The company intends to use the net proceeds from the offering to repay all or a portion of the borrowings outstanding under its $3.0 billion unsecured revolving credit facility and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Credit Suisse, Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Markets, Barclays, Citigroup, Jefferies, Mizuho Securities, and Stifel (joint ...

May 06, 2019

Realty Income Announces Pricing Of 11.0 Million Share Common Stock Offering

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that a public offering of 11,000,000 shares of the company's common stock has been priced at a public offering price of $69.25 per share and is expected to close May 9, 2019. Net proceeds from the offering, after underwriting discounts, and estimated offering expenses payable by the company, will be approximately $735 million. The company also granted the underwriters a 30-day option to purchase up to 1,650,000 additional shares of common stock. The company intends to use the net proceeds from the offering to repay all or a portion of the borrowings outstanding under its $3.0 billion unsecured revolving credit facility and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Credit Suisse, Goldman Sachs ...

May 06, 2019

Realty Income Announces Commencement Of Common Stock Public Offering

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has commenced an underwritten public offering of 11,000,000 shares of common stock. The company also plans to grant the underwriters a 30-day option to purchase up to 1,650,000 additional shares of common stock. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Credit Suisse, Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Markets, Barclays, Citigroup, Jefferies, Mizuho Securities, and Stifel (joint book-running managers), Baird, Regions Securities LLC, and UBS Investment Bank (co-lead managers), BB&T Capital Markets, BTIG, BMO Capital Markets, BNY Mellon Capital Markets, LLC, MUFG, Scotiabank, and TD Securities (senior co-managers), Comerica Securities, D.A. Davidson & Co., Janney Montgomery Scott, Ladenburg Thalmann, Ramirez & Co., Inc., Raymond James, Evercore ISI, and Moelis & Company (co-managers). The ...

May 01, 2019

Realty Income Announces Operating Results For First Quarter 2019

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the first quarter ended March 31, 2019. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. COMPANY HIGHLIGHTS : For the quarter ended March 31, 2019: Net income per share was $0.37 AFFO per share increased 3.8% to $0.82, compared to the quarter ended March 31, 2018 Invested $519.5 million in 105 new properties and properties under development or expansion CEO Comments "We completed another strong quarter, investing $519.5 million in high quality real estate at investment spreads well above our historical average," said Sumit Roy, President and Chief Executive Officer. "Our domestic investment pipeline remains robust, as we reviewed $11.7 billion of acquisition opportunities during the quarter. Our portfolio continues to perform well, and we generated a rent recapture rate of 104.7% on ...

Apr 22, 2019

Realty Income Announces International Expansion: £429 Million Sale-Leaseback Transaction With Sainsbury's

Conference call to discuss transaction to be held at 2:00pm PDT Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that the company has signed a definitive agreement to acquire, from a joint venture of affiliates of J Sainsbury PLC ("Sainsbury's") and British Land PLC, 12 properties located in the United Kingdom ("UK") for £429 million under long-term net lease agreements with Sainsbury's. The transaction is Realty Income's first international real estate acquisition. "We are excited to announce this strategic transaction, which supplements our robust domestic investment pipeline and represents a natural evolution of the company's strategy," said Sumit Roy, President and Chief Executive Officer. "We believe that the size of the European net lease market and a need for a large-scale, well-capitalized institutional real estate partner creates a very propitious environment for us to increase our addressable market. Our company is ...

Apr 16, 2019

586th Consecutive Common Stock Monthly Dividend Declared By Realty Income

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 586 th consecutive common stock monthly dividend. The dividend amount of $0.226 per share, representing an annualized amount of $2.712 per share, is payable on May 15, 2019 to shareholders of record as of May 1, 2019. The ex-dividend date for May's dividend is April 30, 2019. About the Company
Realty Income, The Monthly Dividend Company ® , is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, the company has declared 586 consecutive common stock monthly dividends throughout its 50-year operating history and increased the dividend 101 times since Realty Income's ...

Apr 10, 2019

Realty Income To Report First Quarter 2019 Operating Results

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the company will release its operating results for the quarter ended March 31, 2019 after the market closes on May 1, 2019. The company will host its conference call on May 2, 2019 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (888) 220-8451. When prompted, provide the conference ID 3828213. A telephone replay of the conference call can also be accessed by calling (888) 203-1112 and entering the passcode 3828213. The telephone replay will be available through May 16, 2019. A live webcast will be available in listen-only mode by clicking on the webcast link on the company's home page or in the investors section at www.realtyincome.com . A replay of the conference call webcast will be available approximately two hours after the conclusion of the live broadcast. The webcast replay will be available through May 16, 2019. No access code is ...

Mar 12, 2019

101st Common Stock Monthly Dividend Increase Declared By Realty Income

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.226 per share from $0.2255 per share. The dividend is payable on April 15, 2019 to shareholders of record as of April 1, 2019. This is the 101 st dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for April's dividend is March 29, 2019. The new monthly dividend represents an annualized dividend amount of $2.712 per share as compared to the current annualized dividend amount of $2.706 per share. "We remain committed to our company's mission of paying dependable monthly dividends to our shareholders that increase over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend to our shareholders, marking the ...

Feb 20, 2019

Realty Income Announces Operating Results For Fourth Quarter And 2018

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the fourth quarter and year ended December 31, 2018. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. COMPANY HIGHLIGHTS : For the year ended December 31, 2018: Net income per share was $1.26 AFFO per share increased 4.2% to $3.19, compared to 2017 Invested $1.8 billion in 764 new properties and properties under development or expansion Dividends paid per common share increased 4.1%, compared to 2017 For the quarter ended December 31, 2018 : Net income per share was $0.29 AFFO per share increased 3.9% to $0.79, compared to the quarter ended December 31, 2017 Invested $332.1 million in 180 new properties and properties under development or expansion Raised $538.7 million from the sale of common stock Closed on a new $3.25 billion unsecured credit facility to replace the previous $2.25 ...

Feb 14, 2019

584th Consecutive Common Stock Monthly Dividend Declared By Realty Income

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 584 th consecutive common stock monthly dividend. The dividend amount of $0.2255 per share, representing an annualized amount of $2.706 per share, is payable on March 15, 2019 to shareholders of record as of March 1, 2019. The ex-dividend date for March's dividend is February 28, 2019. About the Company
Realty Income, The Monthly Dividend Company ® , is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,600 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, the company has declared 584 consecutive common stock monthly dividends throughout its 50-year operating history and increased the dividend 100 times since Realty ...

Feb 13, 2019

Realty Income Names Michael R. Pfeiffer Chief Administrative Officer

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that Michael R. Pfeiffer's duties were expanded to include Chief Administrative Officer. He will retain his current roles as Executive Vice President, General Counsel and Secretary. "His outstanding leadership and extensive experience have been, and will continue to be, an integral part of our company's ongoing success," said Sumit Roy, President and Chief Executive Officer of Realty Income. "This recognition of Mike's expanding responsibilities is well-deserved." Mr. Pfeiffer joined Realty Income in 1990 and became General Counsel in 1994. In addition to his extensive experience at Realty Income, he previously served as Executive Vice President, General Counsel at Westfield Corporation. "It has been exciting to be a part of Realty Income's growth over many years and work alongside such a dedicated and talented team," said Mike Pfeiffer. "I am delighted to serve in this ...

Feb 04, 2019

Realty Income Announces Change To Board Of Directors

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced Stephen E. Sterrett has informed the Company of his intention to not stand for reelection to the Board of Directors at the Company's 2019 Annual Stockholder Meeting. Mr. Sterrett has served on the Realty Income Board since October 2014 and is stepping down due to increased board and other commitments. "I've enjoyed my time on the Realty Income Board," commented Steve Sterrett. "I hold the Company and its management team in high regard, and wish them continued success." "On behalf of the Board of Directors, I want to thank Steve for his significant contributions to Realty Income over the past four plus years," said Michael D. McKee, Realty Income's Chairman of the Board of Directors. "We are deeply grateful for Steve's leadership in the boardroom, his commitment to effective oversight and governance and his unwavering focus on building value for our shareholders." Sumit Roy, ...

Jan 24, 2019

Realty Income Announces 2018 Common Stock Dividend Tax Allocation

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the final calculation of the dividend tax status for its 2018 common stock dividends. A portion of the common stock dividend is considered a non-taxable distribution. The tax attributes of the common stock dividends paid per share are outlined below: Total Common Dividends Paid in 2018 $ 2.6305000 Ordinary Income Portion of Dividend $ 2.0269173 (77.05%) Non-taxable Distribution (return of capital) $ 0.6035827 (22.95%) Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of any Realty Income dividends received. About the Company Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,600 real estate properties owned under long-term lease ...

Jan 24, 2019

Realty Income To Report Fourth Quarter And Year End 2018 Operating Results

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the company will release its operating results for the quarter and year ended December 31, 2018 after the market closes on February 20, 2019. The company will host its conference call on February 21, 2019 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (800) 458-4148. When prompted, provide the conference ID 5871002. A telephone replay of the conference call can also be accessed by calling (888) 203-1112 and entering the passcode 5871002. The telephone replay will be available through March 7, 2019. A live webcast will be available in listen-only mode by clicking on the webcast link on the company's home page or in the investors section at www.realtyincome.com . A replay of the conference call webcast will be available approximately two hours after the conclusion of the live broadcast. The webcast replay will be ...

Jan 15, 2019

Realty Income Announces Dividend Increase Of 3%

As Compared to February 2018 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.2255 per share from $0.2210 per share. The dividend is payable on February 15, 2019 to shareholders of record as of February 1, 2019. This is the 100 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for February's dividend is January 31, 2019. The new monthly dividend represents an annualized dividend amount of $2.706 per share as compared to the current annualized dividend amount of $2.652 per share. "The continued strength of our operating performance has allowed us to increase the dividend for the 100th time since our company's public listing in 1994," said Sumit Roy, President and Chief Executive Officer of Realty Income. "We continue to maintain a conservative payout ratio and remain committed ...

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