Press Releases

May 04, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the three months ended March 31, 2022. 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, 2022: Net income per share was $0.34 Normalized FFO per share increased 41.7% to $1.02, compared to the three months ended March 31, 2021 AFFO per share increased 14.0% to $0.98, compared to the three months ended March 31, 2021 Invested $1.56 billion in 213 properties and properties under development or expansion, including $796.4 million in Europe Issued £250.0 million of 1.875% senior unsecured notes due 2027 and £250.0 million of 2.500% senior unsecured notes due 2042 Net debt to annualized adjusted EBITDA re was 5.4x Signed a definitive agreement to acquire the Encore Boston Harbor Resort and Casino for $1.7 billion through a sale-leaseback ...
Apr 28, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has closed on an amended $4.25 billion multicurrency unsecured revolving credit facility, which replaces the company's existing $3.0 billion unsecured revolving credit facility. The capacity of the revolving credit facility can be increased to $5.25 billion with an accordion expansion feature, which is subject to obtaining lender commitments. The revolving credit facility initially matures in June 2026 and includes two six-month extensions that can be exercised at the company's option. Pursuant to the terms of the revolving credit facility, the company's current A3/A- credit ratings provide for a borrowing rate of 72.5 basis points over an adjusted SOFR rate, with a facility commitment fee of 12.5 basis points, for all-in drawn pricing of 85 basis points over the adjusted SOFR rate. A total of 25 lenders are participating in the revolving credit facility, including Wells Fargo ...
Apr 12, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 622 nd consecutive common stock monthly dividend. The dividend amount of $0.247 per share, representing an annualized amount of $2.964 per share, is payable on May 13, 2022 to shareholders of record as of May 2, 2022. The ex-dividend date for May's dividend is April 29, 2022. About Realty Income Realty Income, The Monthly Dividend Company ® , is an S&P 500 company and member of the S&P 500 Dividend Aristocrats ®  index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 11,100 real estate properties owned under long-term net lease agreements with commercial clients. To date, the company has declared 622 consecutive common stock monthly dividends throughout its 53-year operating ...
Apr 07, 2022
 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, 2022 after the market closes on May 4, 2022. The company will host its conference call on May 5, 2022 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (888) 440-5675 (United States) or (646) 960-0268 (International). When prompted, provide the conference ID 9982808.  A telephone replay of the conference call can also be accessed by calling (800) 770-2030 and entering the conference ID 9982808. The telephone replay will be available through May 19, 2022. 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 ...
Apr 04, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it published its second annual Sustainability Report which covers its 2021 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. "We continue to advance our sustainability initiatives across our business through the strength of our partnerships with all stakeholders. Since publishing our inaugural Sustainability Report last year, we have made significant strides towards being a sustainability leader in the net lease REIT industry. I am proud of the contributions from our One Team members as we work towards achieving our ESG goals," said Sumit Roy, President and Chief Executive Officer of Realty Income. Realty Income's 2021 Sustainability Report ...
Mar 31, 2022
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it priced a private placement offering of £140 million senior unsecured notes due 2030, £345 million senior unsecured notes due 2032, and £115 million senior unsecured notes due 2037. Combined, the notes, if issued, are expected to have a weighted average tenor of approximately 10.5 years and a weighted average fixed interest rate of 3.22%. The definitive agreements with respect to the offering are expected to be executed on April 14, 2022. The notes are expected to be sold in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933. The Notes have not been and will not be registered under the Securities Act or any state or other jurisdiction's securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable ...
Mar 15, 2022
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 $0.247 per share from $0.2465 per share. The dividend is payable on April 15, 2022, to stockholders of record as of April 1, 2022. This is the 115 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for April's dividend is March 31, 2022. The new monthly dividend represents an annualized dividend amount of $2.964 per share as compared to the current annualized dividend amount of $2.958 per share. "I'm pleased that our Board of Directors has once again determined that Realty Income can increase the amount of the monthly dividend," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Realty Income is dedicated to providing stockholders with dependable monthly income. With the payment of the April dividend, we will have made ...
Feb 22, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the three months and year ended December 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 year ended December 31, 2021: Net income per share was $0.87 Normalized FFO per share increased 2.4% to $3.39, compared to the year ended December 31, 2020, which includes the $0.22 per share loss from the early redemption on our 2022 and 2023 notes AFFO per share increased 5.9% to $3.59, compared to the year ended December 31, 2020 In November 2021, completed our merger with VEREIT, Inc. (VEREIT) and divestiture of substantially all of the combined company office properties through the Orion Office REIT Inc. spin-off Excluding our merger with VEREIT, invested $6.41 billion in 911 properties and properties under development or expansion, including $2.57 billion in ...
Feb 15, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , announced today that the company has signed a definitive agreement to acquire the Encore Boston Harbor (Encore) Resort and Casino for $1.7 billion under a long-term net lease agreement with Wynn Resorts, Limited (NASDAQ: WYNN). The transaction is Realty Income's first acquisition in the gaming industry. The sale-leaseback transaction with Wynn Resorts is expected to be executed at a 5.9% initial cap rate, includes an initial lease term of 30 years with annual rent growth of 1.75% for the first ten years and the greater of 1.75% or CPI (capped at 2.5%) over the remaining lease term. The lease also includes an additional 30-year option to renew upon expiration. Pending regulatory procedures, the company expects to close this transaction in the 4 th quarter of 2022. "This transaction demonstrates our ability to utilize our platform and scale to acquire prime real estate assets across a variety of ...
Feb 15, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 620 th consecutive common stock monthly dividend. The dividend amount of $0.2465 per share, representing an annualized amount of $2.958 per share, is payable on March 15, 2022 to shareholders of record as of March 1, 2022. The ex-dividend date for March's dividend is February 28, 2022. About Realty Income Realty Income, The Monthly Dividend Company ® , is an S&P 500 company and member of the S&P 500 Dividend Aristocrats ® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from approximately 11,000 real estate properties owned under long-term net lease agreements with commercial clients. To date, the company has declared 620 consecutive common stock monthly dividends throughout its 53-year ...
Jan 28, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the final calculation of the dividend tax status for its 2021 common stock dividends. Also, Realty Income announced today the final calculation of the dividend tax status for VEREIT, Inc.'s (VEREIT, formerly NYSE: VER) 2021 common stock dividends and 6.70% Seres F Cumulative Redeemable Preferred Stock (Series F Preferred Stock, formerly NYSE: VER-PF) dividends. A portion of the common stock dividend is considered a non-taxable distribution for both Realty Income and VEREIT. The respective tax attributes of the dividends paid per share are outlined below: Realty Income Corporation Common Stock (CUSIP: 756109104) Total Common Dividends Paid in 2021(1) $ 4.8927123 Ordinary Income Portion of Dividend $ 1.5146899 (30.958%) Total Capital Gain Distribution(2) $ 0.0854609 (1.747%) Non-taxable Distribution (return of capital) $ 3.2925615 (67.295%) (1) Note that the amount distributed in 2021 ...
Jan 20, 2022
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, 2021 after the market closes on February 22, 2022. The company will host its conference call on February 23, 2022 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (888) 440-5675 (United States) or (646) 960-0268 (International). When prompted, provide the conference ID 9982808.  A telephone replay of the conference call can also be accessed by calling (800) 770-2030 and entering the conference ID 9982808. The telephone replay will be available through March 9, 2022. 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 ...
Jan 11, 2022
 Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that its Board of Directors has declared the 619 th consecutive common stock monthly dividend. The dividend amount of $0.2465 per share, representing an annualized amount of $2.958 per share, is payable on February 15, 2022 to shareholders of record as of February 1, 2022. The ex-dividend date for February's dividend is January 31, 2022. About Realty Income Realty Income, The Monthly Dividend Company ® , is an S&P 500 company and member of the S&P 500 Dividend Aristocrats ® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from almost 11,000 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 619 consecutive common stock monthly dividends throughout its ...
Jan 11, 2022
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the pricing of a public offering of £250 million of 1.875% senior unsecured notes due January 14, 2027 (the "2027 Notes") and £250 million of 2.500% senior unsecured notes due January 14, 2042 (the "2042 Notes"). The public offering price for the 2027 Notes was 99.487% of the principal amount for an effective semi-annual yield to maturity of 1.974% and the public offering price for the 2042 Notes was 98.445% of the principal amount for an effective semi-annual yield to maturity of 2.584%. Combined, the new issues of the 2027 Notes and the 2042 Notes have a weighted average term of approximately 12.5 years and a weighted average effective semi-annual yield to maturity of approximately 2.28%. The net proceeds from this offering will be used to fund potential investment opportunities and for other general corporate purposes, which may include repayment of indebtedness under Realty ...
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