May 15, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has declared the 635 th consecutive common stock monthly dividend. The dividend amount of $0.2550 per share, representing an annualized amount of $3.06 per share, is payable on June 15, 2023 to stockholders of record as of June 1, 2023. The ex-dividend date for May's dividend is May 31, 2023. 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 12,400 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 635 consecutive common stock monthly dividends throughout its 54-year operating history and
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May 03, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the three months ended March 31, 2023. 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, 2023: Net income available to common stockholders was $225.0 million, or $0.34 per share Normalized FFO per share increased 2.0% to $1.04, compared to the three months ended March 31, 2022 AFFO available to common stockholders was $650.7 million, or $0.98 per share Invested $1.7 billion in 339 properties and properties under development or expansion at an initial weighted average cash lease yield of 7.0% Raised $804.4 million from the sale of common stock, primarily through our At-The-Market (ATM) program, with a weighted average price of $63.31 Entered into a $1.0 billion multicurrency unsecured term loan initially maturing January 2024, which
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Apr 11, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has declared the 634 th consecutive common stock monthly dividend. The dividend amount of $0.2550 per share, representing an annualized amount of $3.060 per share, is payable on May 15, 2023 to stockholders of record as of May 1, 2023. The ex-dividend date for April's dividend is April 28, 2023. 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 12,200 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 634 consecutive common stock monthly dividends throughout its 54-year operating history and
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Apr 06, 2023
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, 2023 after the market closes on May 3, 2023. The company will host its conference call on May 4, 2023 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (833) 816-1264 (United States) or (412) 317-5632 (International). When prompted, please ask for the Realty Income conference call. A telephone replay of the conference call can also be accessed by calling (877) 344-7529 and entering the conference ID 4747808. The telephone replay will be available through May 11, 2023. A live webcast will be available in listen-only mode by clicking on the webcast link on the company's homepage 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 required for this replay.
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Apr 05, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the pricing of a public offering of $400 million of 4.70% senior unsecured notes due December 15, 2028 (the "2028 Notes") and $600 million of 4.90% senior unsecured notes due July 15, 2033 (the "2033 notes"). The public offering price for the 2028 Notes was 98.949% of the principal amount for an effective semi-annual yield to maturity of 4.912% and the public offering price for the 2033 Notes was 98.020% of the principal amount for an effective semi-annual yield to maturity of 5.148%. Combined, the notes have a weighted average tenor of approximately 8.0 years and a weighted average semi-annual yield to maturity of 5.054%. The net proceeds from this offering will be used for general corporate purposes, including but not limited to, the repayment or repurchase of Realty Income's indebtedness (including borrowings under Realty Income's $4.25 billion multi-currency revolving credit
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Mar 31, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it published its third annual Sustainability Report which covers its 2022 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. "Realty Income remains dedicated to becoming a sustainability leader in the net lease REIT industry through driving change for our stakeholders and the environment. By working in collaboration with all of our stakeholders, including Realty Income One Team members, clients, investors and communities, we have expanded our ESG initiatives in 2022 to continue our sustainability journey and advance our shared goals," said Sumit Roy, President and Chief Executive Officer of Realty Income. Realty Income's 2022 Sustainability
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Mar 14, 2023
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 $0.2550 per share from $0.2545 per share. The dividend is payable on April 14, 2023, to stockholders of record as of April 3, 2023. This is the 120 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for March's dividend is March 31, 2023. The new monthly dividend represents an annualized dividend amount of $3.060 per share as compared to the prior annualized dividend amount of $3.054 per share. "I'm pleased that our Board has once again determined to increase Realty Income's monthly dividend. This decision is in line with our foundational commitment to pay stockholders a reliable monthly dividend that grows over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Today's dividend declaration represents the 633 rd
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Mar 06, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has signed a definitive agreement to acquire up to 415 single-tenant convenience store properties located in the U.S. from EG Group, a leading independent convenience retailer based in the United Kingdom. The portfolio is expected to be acquired at an estimated cap rate of approximately 6.9% and have a 20-year weighted average initial lease term. The transaction is expected to close in the second quarter of 2023, subject to customary closing conditions, approvals, and completion of due diligence. Approximately 80% of the total portfolio annualized contractual rent is expected to be generated from properties in the Northeast U.S., including approximately 116 properties in Massachusetts, 87 properties in New York, and 74 in Florida, which are the top three representative states in the portfolio. Over 80% of the total portfolio annualized contractual rent is expected to be
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Feb 21, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced operating results for the three months and year ended December 31, 2022. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise. Our financial results for the periods presented reflect our merger with VEREIT, Inc. (VEREIT) from the merger date of November 1, 2021. COMPANY HIGHLIGHTS : For the three months ended December 31, 2022: Net income available to common stockholders was $227.3 million, or $0.36 per share Normalized FFO increased 18.0% to $1.05 per share, compared to the three months ended December 31, 2021 AFFO increased 6.4% to $1.00 per share, compared to the three months ended December 31, 2021 Completed the previously announced acquisition of the land and real estate assets of Encore Boston Harbor Resort and Casino from Wynn Resorts, Limited for $1.7 billion (the "Encore Transaction") Invested $3.9 billion in 578
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Feb 21, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , and Plenty Unlimited Inc. ("Plenty") today announced that they have entered into a strategic real estate alliance to support the development of Plenty's indoor vertical farms. Under the terms of the agreement, Realty Income will acquire and provide development funding for properties that will house Plenty's indoor farms. These properties will be leased to Plenty under long-term net leases. The agreement provides for up to $1 billion of development opportunities. As the initial transaction of the alliance, Realty Income has agreed to acquire the land and provide development funding for the first farm of Plenty's indoor vertical farm campus near Richmond, Virginia, which was announced last year. Plenty expects the future multi-farm campus to deliver more than 20 million pounds of produce across multiple crops annually. The first farm to be developed on the campus will grow strawberries with Plenty
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Feb 14, 2023
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 $0.2545 per share from $0.2485 per share. The dividend is payable on March 15, 2023, to stockholders of record as of March 1, 2023, and represents a 3.2% increase over the year-ago period. This is the 119 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for February's dividend is February 28, 2023. The new monthly dividend represents an annualized dividend amount of $3.054 per share as compared to the prior annualized dividend amount of $2.982 per share. "Since Realty Income's origin, the company has remained committed to paying stockholders a reliable monthly dividend that grows over time. Today's dividend declaration represents the 632 nd consecutive monthly dividend declared by Realty Income during our 54-year history," said Sumit Roy,
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Jan 27, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the final calculation of the dividend tax status for dividends paid to common stockholders in 2022. The respective tax attributes of the dividends paid per share are outlined below: Realty Income Corporation Common Stock (CUSIP: 756109104) Total Common Dividends Paid Per Share in 2022 $ 2.9670000 Ordinary Income Portion of Dividend $ 2.7867654 (93.925%) Total Capital Gain Distribution(1) $ 0.1802346 (6.075%)
(1) Unrecaptured Section 1250 Gain of $0.0784152, or 2.643% of the total common dividends paid in 2022, and Section 897 Gain of $0.1802346, or 6.075% of the total common dividends paid in 2022, both represent additional characterization of, and are part of, "Total Capital Gain Distribution." Stockholders 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
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Jan 19, 2023
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, 2022 after the market closes on February 21, 2023. The company will host its conference call on February 22, 2023 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (877) 354-7102 (United States) or (412) 317-2517 (International). When prompted, please ask for the Realty Income conference call. A telephone replay of the conference call can also be accessed by calling (877) 344-7529 and entering the conference ID 9386830. The telephone replay will be available through March 1, 2023. A live webcast will be available in listen-only mode by clicking on the webcast link on the company's homepage 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
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Jan 10, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has declared the 631 st consecutive common stock monthly dividend. The dividend amount of $0.2485 per share, representing an annualized amount of $2.982 per share, is payable on February 15, 2023 to stockholders of record as of February 1, 2023. The ex-dividend date for January's dividend is January 31, 2023. 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 11,700 real estate properties owned under long-term net lease agreements with commercial clients. To date, the company has declared 631 consecutive common stock monthly dividends throughout its 54-year operating history and
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Jan 09, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced the pricing of a public offering of $500 million of 5.05% senior unsecured notes due January 13, 2026 (the "2026 notes"), which are callable at par on January 13, 2024 (the "2026 Notes Par Call Date"), and $600 million of 4.85% senior unsecured notes due March 15, 2030 (the "2030 Notes"). The public offering price for the 2026 Notes was 99.618% of the principal amount for an effective semi-annual yield to maturity of 5.189% and the public offering price for the 2030 Notes was 98.813% of the principal amount for an effective semi-annual yield to maturity of 5.047%. In conjunction with the pricing of the 2026 notes, the Company executed a three-year, $500 million fixed-to-variable interest rate swap, which is subject to the counterparties' right to terminate the swap at any time following the 2026 Notes Par Call Date and results in an effective variable borrowing rate of SOFR minus
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Jan 06, 2023
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced that it has closed on a $1.0 billion multicurrency unsecured term loan. The loan initially matures in January 2024 and includes two twelve-month extensions that can be exercised at the company's option. Pursuant to the terms of the loan, the company's current A3/A- credit ratings provide for a borrowing rate of 80.0 basis points over the applicable benchmark rate, which includes adjusted SOFR for US Dollar-denominated loans, adjusted SONIA for Sterling-denominated loans, and EURIBOR for Euro-denominated loans. In conjunction with closing, we executed one-year variable-to-fixed interest rate swaps which fix our per annum interest rate at 5.0% over the initial term. A total of nine lenders are participating in the loan. Toronto Dominion (Texas) LLC is acting as the Administrative Agent. TD Securities (USA) LLC, The Bank of Nova Scotia, BofA Securities, Inc., JPMorgan Chase Bank, N.A.,
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