Press Releases

Jul 13, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 613 th consecutive common stock monthly dividend. The dividend amount of $0.2355 per share, representing an annualized amount of $2.826 per share, is payable on August 13, 2021 to shareholders of record as of August 2, 2021. The ex-dividend date for August's dividend is July 30, 2021. 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 6,600 real estate properties owned under long-term lease agreements with commercial clients. To date, the company has declared 613 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 111 times since Realty Income's public listing in 1994 ...
Jul 08, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the pricing of its debut green bond offering, a public offering of £400 million of 1.125% senior unsecured notes due July 13, 2027 (the "2027 Notes") and £350 million of 1.750% senior unsecured notes due July 13, 2033 (the "2033 Notes"). The public offering price for the 2027 Notes was 99.305% of the principal amount for an effective semi-annual yield to maturity of 1.242% and the public offering price for the 2033 Notes was 99.842% of the principal amount for an effective semi-annual yield to maturity of 1.757%. Combined, the new issues of the 2027 Notes and the 2033 Notes have a weighted average term of approximately 8.8 years and a weighted average effective semi-annual yield to maturity of approximately 1.48%. The Company intends to allocate an amount equal to the net proceeds from this offering to finance or refinance, in whole or in part, new or existing eligible green projects ...
Jul 06, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the closing of the underwritten public offering of an aggregate of 9,200,000 shares of its common stock, which includes the full exercise of the underwriters' option to purchase 1,200,000 additional shares of common stock. Gross proceeds from the offering are approximately $594 million (before offering expenses). The joint book-running managers for the offering are Wells Fargo Securities and Morgan Stanley. The company intends to use net proceeds from the offering to repay borrowings under its $3.0 billion revolving credit facility and/or $1.0 billion commercial paper program, and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes. A prospectus supplement and accompanying prospectus related to the public offering of these securities have been filed with the Securities and Exchange Commission. Copies of the ...
Jul 01, 2021
Realty Income Corporation (Realty Income) (NYSE: O), The Monthly Dividend Company ® , today announced the company will release its operating results for the quarter ended June 30, 2021 after the market closes on August 2, 2021. The company will host its conference call on August 3, 2021 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (877) 701-6180 (United States) or (647) 689-4069 (International). When prompted, provide the conference ID 2875728. A telephone replay of the conference call can also be accessed by calling (800) 585-8367 and entering the conference ID 2875728. The telephone replay will be available through August 18, 2021. 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. No access ...
Jun 30, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the pricing of an underwritten public offering of 8,000,000 shares of the company's common stock for expected gross proceeds of approximately $519 million. The offering is expected to close on July 6, 2021. The underwriters of the offering have been granted a 30-day option to purchase up to 1,200,000 additional shares of common stock. The joint book-running managers for the offering are Wells Fargo Securities and Morgan Stanley. The company intends to use net proceeds from the offering to repay borrowings under its $3.0 billion revolving credit facility and/or $1.0 billion commercial paper program, and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes. A prospectus supplement and accompanying prospectus related to the public offering of these securities will be filed with the Securities and Exchange ...
Jun 30, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has commenced an underwritten public offering of 7,250,000 shares of common stock. The company also plans to grant the underwriters a 30-day option to purchase up to an additional 1,087,500 shares of common stock. The joint book-running managers for the offering are Wells Fargo Securities and Morgan Stanley. The company intends to use net proceeds from the offering to repay borrowings under its $3.0 billion revolving credit facility and/or $1.0 billion commercial paper program, 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 the accompanying prospectus, when ...
Jun 15, 2021
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 $0.2355 per share from $0.235 per share. The dividend is payable on July 15, 2021 to shareholders of record as of July 1, 2021. This is the 111 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for July's dividend is June 30, 2021. The new monthly dividend represents an annualized dividend amount of $2.826 per share as compared to the current annualized dividend amount of $2.82 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 111 ...
May 18, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that Jacqueline Brady has been appointed as an independent member of Realty Income's Board of Directors, effective immediately. The appointment expands the Board to include ten members. "We are delighted that Jackie is joining our Board. Her collaborative style, international experience, real estate expertise and capital markets background will complement the talents of our outstanding Board of Directors as we continue to expand our industry-leading real estate platform both domestically and internationally," said Sumit Roy, Realty Income's President and Chief Executive Officer. Ms. Brady is a Managing Director and head of Global Debt Solutions with PGIM Real Estate, part of the Global Investment Management Business of Prudential Financial and currently the second-largest real estate investor in the world with AUM of over $180 billion. Ms. Brady is a member of the leadership team ...
May 18, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 611 th consecutive common stock monthly dividend. The dividend amount of $0.235 per share, representing an annualized amount of $2.82 per share, is payable on June 15, 2021 to shareholders of record as of June 1, 2021. The ex-dividend date for June's dividend is May 28, 2021. 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 6,600 real estate properties owned under long-term lease agreements with commercial clients. To date, the company has declared 611 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 110 times since Realty Income's public listing in 1994 (NYSE: O). ...
May 03, 2021
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the first quarter ended March 31, 2021. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. COMPANY HIGHLIGHTS : For the three months ended March 31, 2021 : Net income per share was $0.26 AFFO per share was $0.86 Invested $1.03 billion in properties and properties under development or expansion, including $403.0 million in U.K. properties Completed the early redemption on all $950.0 million in principal amount of our outstanding 3.250% notes due October 2022 Raised $670 million in net proceeds from a common stock public offering of 12,075,000 shares, inclusive of 1,575,000 shares purchased by the underwriters upon exercise of their option to purchase additional shares CEO Comments "Our business momentum continues to illustrate the growth opportunities afforded to us through a mix of ...
Apr 29, 2021
- All-Stock Transaction Expected to Generate 10%+ Accretion to Annualized AFFO per Share
- Enhanced Size, Scale, Diversification and Synergies to Drive Future Growth and Value Creation
- Expect to Spin-Off Assets in Dedicated Portfolio of Office Properties
- Conference Call to Discuss Transaction to be Held at 8:00am ET Realty Income Corporation (NYSE: O) ("Realty Income"), The Monthly Dividend Company ® , and VEREIT, Inc. (NYSE: VER) ("VEREIT") today announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with an enterprise value of approximately $50 billion. Under the terms of the agreement, VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own. Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office properties of both ...
Apr 13, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 610 th consecutive common stock monthly dividend. The dividend amount of $0.235 per share, representing an annualized amount of $2.82 per share, is payable on May 14, 2021 to shareholders of record as of May 3, 2021. The ex-dividend date for May's dividend is April 30, 2021. 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 clients. To date, the company has declared 610 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 110 times since Realty Income's public listing in 1994 (NYSE: O). The ...
Apr 08, 2021
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, 2021 after the market closes on May 3, 2021. The company will host its conference call on May 4, 2021 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (877) 701-6180 (United States) or (647) 689-4069 (International). When prompted, provide the conference ID 7659455.  A telephone replay of the conference call can also be accessed by calling (800) 585-8367 and entering the conference ID 7659455. The telephone replay will be available through May 18, 2021. 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. No access code is ...
Apr 01, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it published its inaugural Sustainability Report which covers 2020 environmental, social and governance ("ESG") initiatives and progress. The report is prepared in accordance with the GRI Standards and built to align with other disclosure efforts, investor feedback, annual ratings and rankings' submissions, and the United Nations Sustainable Development Goals. "I am inspired by and grateful for the tremendous effort of our team which has led to the meaningful growth of our ESG platform," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Our debut 2020 Sustainability Report marks an important milestone on this exciting journey, and we hope exhibits our passion for doing the right thing for our planet, people, and shareholders. I invite all Realty Income stakeholders to share in our dedication to embracing a changing world for the benefit of all those we ...
Mar 16, 2021
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 $0.235 per share from $0.2345 per share. The dividend is payable on April 15, 2021 to shareholders of record as of April 1, 2021. This is the 110 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for April's dividend is March 31, 2021. The new monthly dividend represents an annualized dividend amount of $2.82 per share as compared to the current annualized dividend amount of $2.814 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 110 th ...
Feb 22, 2021
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the fourth quarter and year ended December 31, 2020. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. We refer to our tenants as clients because we strive to build mutually beneficial relationships and we believe their success is our success. COMPANY HIGHLIGHTS : For the year ended December 31, 2020 : Net income per share was $1.14 AFFO per share was $3.39 Invested $2.31 billion in properties and properties under development or expansion, including $920.9 million in properties in the U.K. Dividends paid per common share increased by 3.1%, compared to 2019 Raised $1.85 billion from the sale of common stock Raised $1.69 billion from U.S. dollar-denominated notes and £400.0 million in principal of Sterling-denominated notes For the quarter ended December 31, 2020 : Net income per share was ...
Feb 18, 2021
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 608 th consecutive common stock monthly dividend. The dividend amount of $0.2345 per share, representing an annualized amount of $2.814 per share, is payable on March 15, 2021 to shareholders of record as of March 1, 2021. The ex-dividend date for March's dividend is February 26, 2021. 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 clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in ...
Jan 27, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the final calculation of the dividend tax status for its 2020 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 2020 $ 2.7940000 Ordinary Income Portion of Dividend $ 2.2798764 (81.60%) Total Capital Gain Distribution(1) $ 0.0238401 (0.85%) Non-taxable Distribution (return of capital) $ 0.4902835 (17.55%)

(1) Unrecaptured Section 1250 Gain of $0.0164801, or 0.59% of the total common dividends paid in 2020, represents additional characterization of, and is part of, "Total Capital Gain Distribution." Shareholders are encouraged to consult with their 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 ...
Jan 25, 2021
Michael Pfeiffer, current Executive Vice President, Chief Administrative Officer, General Counsel and Secretary, to retire after 30 years of service Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced Michelle Bushore has been appointed to EVP, Chief Legal Officer, General Counsel and Secretary. Ms. Bushore will join the company on February 8, 2021 and will report directly to Sumit Roy, President and Chief Executive Officer. Michael Pfeiffer, the company's current EVP, Chief Administrative Officer, General Counsel and Secretary will remain with the company through June 30, 2021, serving as EVP, Chief Administrative Officer, to assist with the transition. "Michelle brings extensive legal, corporate governance, transactional and risk management experience, as well as a diverse perspective from her impressive career with industry leading companies, and I look forward to partnering with Michelle as she joins our management team," said Sumit ...
Jan 20, 2021
 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, 2020 after the market closes on February 22, 2021. The company will host its conference call on February 23, 2021 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (877) 701-6180 (United States) or (647) 689-4069  (International). When prompted, provide the conference ID 6481184.  A telephone replay of the conference call can also be accessed by calling (800) 585-8367 and entering the conference ID 6481184. The telephone replay will be available through March 9, 2021. 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 ...
Jan 14, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 607 th consecutive common stock monthly dividend. The dividend amount of $0.2345 per share, representing an annualized amount of $2.814 per share, is payable on February 16, 2021 to shareholders of record as of February 1, 2021. The ex-dividend date for February's dividend is January 29, 2021. 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 607 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in ...
Jan 14, 2021
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the closing of a 12,075,000 share public common stock offering, which includes the underwriters' option to purchase up to 1,575,000 additional shares of common stock which, as of January 13, 2021, was fully exercised. Net proceeds from the offering, including the exercised underwriters' option of 1,575,000 shares, after underwriting discounts and commissions, but before deducting other offering expenses, are approximately $669.6 million. The joint book-running managers for the offering are BofA Securities, Morgan Stanley, Wells Fargo Securities and Citigroup. The company intends to use net proceeds from the offering, along with available cash and additional borrowings as necessary, to fund property acquisitions. As of January 8, 2021, the company had entered into agreements or letters of intent to acquire additional U.S. and U.K. properties with an aggregate estimated purchase ...
Jan 11, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that a public offering of 10,500,000 shares of the company's common stock has been priced at a public offering price of $57.05 per share and is expected to close January 14, 2021. Net proceeds from the offering, after underwriting discounts and commissions, but before deducting other offering expenses, will be approximately $582.3 million. The company also granted the underwriters a 30-day option to purchase up to 1,575,000 additional shares of common stock. The joint book-running managers for the offering are BofA Securities, Morgan Stanley, Wells Fargo Securities and Citigroup. The company intends to use net proceeds from the offering, along with available cash and additional borrowings as necessary, to fund property acquisitions. As of January 8, 2021, the company had entered into agreements or letters of intent to acquire additional U.S. and U.K. properties with an aggregate ...
Jan 11, 2021
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has commenced an underwritten public offering of 10,500,000 shares of common stock. The company also plans to grant the underwriters a 30-day option to purchase up to 1,575,000 additional shares of common stock. The joint book-running managers for the offering are BofA Securities, Morgan Stanley, Wells Fargo Securities and Citigroup. The company intends to use net proceeds from the offering, along with available cash and additional borrowings as necessary, to fund property acquisitions. As of January 8, 2021, the company had entered into agreements or letters of intent to acquire additional U.S. and U.K. properties with an aggregate estimated purchase price of approximately $676.8 million. Moreover, from January 1 through January 8, 2021, the company has acquired properties with an aggregate purchase price of approximately $130.7 million, which, when combined with the ...
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