Press Releases

Jul 06, 2020
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the pricing of a public offering of $350 million of 3.25% senior unsecured notes due January 15, 2031. The public offering price for the notes was 108.241% of the principal amount for an effective yield to maturity of 2.341%. The net proceeds from this offering will be used to increase the company's liquidity by repaying borrowings outstanding under its $3.0 billion revolving credit facility and, to the extent not used for that purpose, to fund potential investment opportunities and for other general corporate purposes. The notes offered will constitute a further issuance of the company's 3.25% Notes due 2031, of which $600 million aggregate principal amount was issued on May 8, 2020. This offering is expected to close on July 16, 2020, subject to the satisfaction of customary closing conditions. The active joint book-running managers for the offering are Goldman Sachs & Co. LLC, ...
Jul 02, 2020
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today provided a business update regarding its contractual rent collection and financial position. For the Month Ended April 30, 2020 For the Month Ended May 31, 2020 For the Month Ended June 30, 2020 For the Quarter Ended June 30, 2020 Through July 1, 2020: Contractual rent collected(1) across total portfolio 86.9% 83.5% 85.7% 85.4% Contractual rent collected(1) from top 20 tenants(2) 83.0% 82.1% 82.5% 82.5% Contractual rent collected(1) from investment grade tenants(3) 100.0% 98.4% 98.9% 99.1%
(1) Contractual rent is the aggregate cash amount charged to tenants inclusive of monthly base rent receivables. U.K. rent (which is payable in pounds Sterling) was converted at the exchange rate in effect on May 1, 2020 for rents collected for the month of April 2020, on June 1, 2020 for rents collected for the month of May 2020, and on July 1, 2020 for rents collected for the month of June 2020. ...
Jun 09, 2020
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 $0.2335 per share from $0.233 per share. The dividend is payable on July 15, 2020 to shareholders of record as of July 1, 2020. This is the 107 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for July's dividend is June 30, 2020. The new monthly dividend represents an annualized dividend amount of $2.802 per share as compared to the current annualized dividend amount of $2.796 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 107 ...
Jun 02, 2020
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today provided an update on contractual rent collections for the month of May 2020. Through June 1, 2020: We have collected 82.0% of contractual rent (1) due for the month of May 2020 across our total portfolio; We have collected 82.1% of contractual rent (1) due for the month of May 2020 from our top 20 tenants (2) ; and We have collected 98.2% of contractual rent (1) due for the month of May 2020 from our investment grade tenants (3) Additionally, in the company's first quarter 2020 earnings press release, we provided an update on contractual rent collections for the month of April 2020 through May 1, 2020, which included 82.9% of contractual rent (1) collected as of that date across our total portfolio.  Subsequent to May 1, 2020, we have collected additional amounts attributable to April 2020 rent, which now totals the collection of 84.2% of contractual rent (1) due for the month of April ...
May 12, 2020
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 599 th consecutive common stock monthly dividend. The dividend amount of $0.233 per share, representing an annualized amount of $2.796 per share, is payable on June 15, 2020 to shareholders of record as of June 1, 2020. The ex-dividend date for June's dividend is May 29, 2020. About Realty Income Realty Income, The Monthly Dividend Company ® , is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 599 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 106 times since Realty Income's public listing in 1994 (NYSE: ...
May 06, 2020
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the pricing of a public offering of $600 million of 3.25% senior unsecured notes due January 15, 2031. The public offering price for the notes was 98.987% of the principal amount for an effective yield to maturity of 3.364%. The net proceeds from this offering will be used to increase the company's liquidity by repaying borrowings outstanding under its $3.0 billion revolving credit facility and, to the extent not used for that purpose, to fund potential investment opportunities and for other general corporate purposes, which may include the repayment of borrowings outstanding under its $250.0 million term loan facility maturing on June 30, 2020. This offering is expected to close on May 8, 2020, subject to the satisfaction of customary closing conditions. The active joint book-running managers for the offering are Citigroup, BofA Securities, Barclays, J.P. Morgan, and Wells Fargo ...
May 04, 2020
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the first quarter ended March 31, 2020. 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, 2020: Net income per share was $0.44 AFFO per share increased 7.3% to $0.88, compared to the quarter ended March 31, 2019 Invested $486.0 million in 65 properties and properties under development or expansion, including $165.6 million in four properties in the U.K. Raised $752.4 million from the sale of common stock Completed the early redemption on all $250.0 million in principal amount of the 5.750% Notes due 2021 CEO Comments "First and foremost, our thoughts remain with everyone impacted by the COVID-19 pandemic. As we navigate through the current state of economic volatility and uncertainty, I want to thank my colleagues for their hard work and ...
Apr 13, 2020
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 598 th consecutive common stock monthly dividend. The dividend amount of $0.233 per share, representing an annualized amount of $2.796 per share, is payable on May 15, 2020 to shareholders of record as of May 1, 2020. The ex-dividend date for May's dividend is April 30, 2020. About the Company
Realty Income, The Monthly Dividend Company ® , is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,400 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 598 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 106 times since Realty Income's public listing in 1994 (NYSE: ...
Apr 09, 2020
 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, 2020 after the market closes on May 4, 2020. The company will host its conference call on May 5, 2020 at 11:30 a.m. PT to discuss the operating results. Additionally, the company recently borrowed an additional $1.20 billion under its revolving credit facility, as to further strengthen its liquidity position and to enhance its financial flexibility. The total capacity of the revolving credit facility is $3.0 billion, of which, as of April 9, 2020, after giving effect to the recent borrowings, approximately $1.2 billion of capacity remains, excluding the revolving credit facility's $1.0 billion accordion feature. Under the revolving credit facility, the company's current A- / A3 credit ratings provide for a borrowing rate of LIBOR (London Interbank Offered Rate) plus 77.5 basis points. As of April ...
Mar 17, 2020
 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 $0.233 per share from $0.2325 per share. The dividend is payable on April 15, 2020 to shareholders of record as of April 1, 2020. This is the 106 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for April's dividend is March 31, 2020. The new monthly dividend represents an annualized dividend amount of $2.796 per share as compared to the current annualized dividend amount of $2.79 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 ...
Mar 02, 2020
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the closing of a 9,000,000 share common stock offering. Net proceeds from the offering, after underwriting discounts and commissions, are approximately $677 million. The company also granted the underwriters a 30-day option to purchase up to 1,350,000 additional shares of common stock. The company intends to use the net proceeds from the offering to repay 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 Securities, Morgan Stanley, Wells Fargo Securities, RBC Capital Markets, Barclays, Citigroup, Credit Suisse, Goldman Sachs & Co. LLC, Jefferies, J.P. Morgan, Mizuho Securities, and Stifel (joint book-running managers), Regions Securities LLC, TD Securities, and UBS ...
Feb 26, 2020
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that a public offering of 9,000,000 shares of the company's common stock has been priced at a public offering price of $77.40 per share and is expected to close March 2, 2020. Net proceeds from the offering, after underwriting discounts and commissions, will be approximately $677 million. The company also granted the underwriters a 30-day option to purchase up to 1,350,000 additional shares of common stock. The company intends to use the net proceeds from the offering to repay 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 Securities, Morgan Stanley, Wells Fargo Securities, RBC Capital Markets, Barclays, Citigroup, Credit Suisse, Goldman Sachs & Co. LLC, Jefferies, ...
Feb 26, 2020
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has commenced an underwritten public offering of 9,000,000 shares of common stock. The company also plans to grant the underwriters a 30-day option to purchase up to 1,350,000 additional shares of common stock. The joint book-running managers for the offering are BofA Securities, Morgan Stanley, Wells Fargo Securities and RBC Capital Markets. The company intends to use the net proceeds from the offering to repay 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. A preliminary prospectus supplement and accompanying prospectus related to the public offering of these securities have been or will be filed with the Securities and Exchange Commission. Copies of the preliminary prospectus supplement and prospectus, ...
Feb 19, 2020
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the fourth quarter and year ended December 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 year ended December 31, 2019: Net income per share was $1.38 AFFO per share increased 4.1% to $3.32, compared to 2018 Invested $3.7 billion in 789 properties and properties under development or expansion, including $797.8 million in 18 properties in the United Kingdom (U.K.) Generated a rent recapture rate of 102.6% on re-leasing activity Dividends paid per common share increased 3.0%, compared to 2018 Raised $2.2 billion from the sale of common stock For the quarter ended December 31, 2019 : Net income per share was $0.39 AFFO per share increased 8.9% to $0.86, compared to the quarter ended December 31, 2018 Invested $1.7 billion in 556 properties and properties ...
Feb 13, 2020
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 596 th consecutive common stock monthly dividend. The dividend amount of $0.2325 per share, representing an annualized amount of $2.79 per share, is payable on March 13, 2020 to shareholders of record as of March 2, 2020. The ex-dividend date for March's dividend is February 28, 2020. About the Company Realty Income, The Monthly Dividend Company ® , is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,900 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 596 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 105 times since Realty Income's public listing in 1994 (NYSE: ...
Jan 31, 2020
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the company will be added to the S&P 500 Dividend Arisocrats ® index prior to market open on February 3, 2020. The index is designed to measure the performance of S&P 500 companies that have increased dividends every year for the last 25 consecutive years. The index will consist of 64 constituents; Realty Income will become one of only three REITs included in the index. "We are humbled and delighted to join the S&P 500 Dividend Aristocrats index ® ," said Sumit Roy, Realty Income's President and Chief Executive Officer. "This recognition is a testament to the company's success executing our mission to provide shareholders with dependable monthly dividends that increase over time. As we continue to build upon our 25-year track record as a public company, we will continue to manage the business with a focus on the stability and growth in earnings and dividends." About the ...
Jan 29, 2020
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its EVP, Chief Financial Officer and Treasurer Paul Meurer is leaving the company. To ensure a smooth transition, Mr. Meurer will serve as a senior advisor to the company through March 31, 2020. Sean Nugent, the company's Senior Vice President, Controller, will serve as Principal Financial Officer and Treasurer, until such time as the company appoints a new Chief Financial Officer. The company has begun a search for a new Chief Financial Officer. "Paul has been instrumental in executing on our company's growth strategy, identifying and bringing in many qualified people who have strengthened our company and judiciously looking after our capital markets needs," said Sumit Roy, Realty Income's President and Chief Executive Officer. "I want to thank Paul for his valued partnership and tremendous contributions to the company over the many years," he continued. "I want to ...
Jan 28, 2020
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the final calculation of the dividend tax status for its 2019 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 2019  $ 2.7105000 Ordinary Income Portion of Dividend     $ 2.1206964 (78.24%) Non-taxable Distribution (return of capital) $ 0.5898036 (21.76%) 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 stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,900 real estate properties ...
Jan 23, 2020
 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, 2019 after the market closes on February 19, 2020. The company will host its conference call on February 20, 2020 at 11:30 a.m. PT to discuss the operating results.  To access the conference call, dial (877) 701-6180. When prompted, provide the conference ID 9079776. A telephone replay of the conference call can also be accessed by calling (800) 585-8367 and entering the conference ID 9079776. The telephone replay will be available through March 5, 2020. 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 one hour after the conclusion of the live broadcast. The webcast replay will be available ...
Jan 14, 2020
Represents 3.1% Growth as Compared to February 2019  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 $0.2325 per share from $0.2275 per share. The dividend is payable on February 14, 2020 to shareholders of record as of February 3, 2020. This is the 105 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for February's dividend is January 31, 2020. The new monthly dividend represents an annualized dividend amount of $2.79 per share as compared to the current annualized dividend amount of $2.73 per share. "The continued strength of our operating performance has allowed us to increase the dividend for the 105 th 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 ...
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