Welcome to our dedicated page for Realty Income Corporation news (Ticker: O), a resource for investors and traders seeking the latest updates and insights on Realty Income Corporation stock.
Realty Income Corporation, traded under the symbol O on the New York Stock Exchange, is a prominent S&P 500 company renowned for providing shareholders with reliable monthly dividends. Established in 1969, the company has meticulously built a portfolio encompassing over 15,450 properties, strategically located across all 50 U.S. states and in seven European countries, including the U.K. and Germany.
Realty Income's business model revolves around owning and managing freestanding, single-tenant commercial properties. These properties are primarily leased under long-term, triple-net agreements to high-credit tenants. With a client base spanning 1,552 entities across 89 industries, Realty Income ensures diversified and stable revenue streams.
In recent years, the company has expanded its portfolio to include industrial, gaming, office, manufacturing, and distribution properties, which contribute approximately 17% of its revenue. Realty Income's strategic acquisitions, such as the recent merger with Spirit Realty Capital, have further solidified its position in the market, enhancing its growth prospects and financial stability.
Realty Income's operational highlights include maintaining a robust portfolio occupancy rate of 98.6%, demonstrating its commitment to stable and sustainable growth. The company's recent collaboration with Decathlon SE for a sale-leaseback transaction involving 82 retail properties in Europe underscores its capability to secure high-quality assets and partners globally.
Financially, Realty Income boasts a strong balance sheet, with liquidity of $4.0 billion as of March 31, 2024. The company continues to generate healthy cash flow, supporting its mission to deliver dependable monthly dividends, which have been increased 124 times since its public listing in 1994.
As part of its sustainability initiatives, Realty Income remains dedicated to environmental responsibility, as highlighted by Decathlon's commitment to reducing CO2 emissions by 20% by 2026.
For investors seeking consistent returns and exposure to high-quality commercial real estate, Realty Income stands out as a reliable and growth-oriented option. More detailed information about the company and its operations can be found on their official website at www.realtyincome.com.
Orion Office REIT Inc. (NYSE: ONL) will announce its fourth quarter and full-year 2021 financial results on March 24, 2022, after market close. A conference call will follow at 5:00 p.m. ET the same day, featuring CEO Paul McDowell and CFO Gavin Brandon. The live webcast will be accessible through the company’s website. Replay options will be available post-call until April 7, 2022. Orion specializes in owning and managing mission-critical office properties leased to creditworthy tenants across the U.S.
Realty Income has announced a $1.7 billion acquisition of the Encore Boston Harbor Resort and Casino from Wynn Resorts, marking its first foray into the gaming sector. The transaction involves a long-term net lease with a 5.9% initial cap rate, a 30-year lease term, and rental growth of 1.75% annually for the first decade. The Boston gaming market generates $2.6 billion in annual revenues, with the Encore projected to grow as it captures premium customers. Realty Income expects the deal to enhance earnings and strategic partnerships.
Realty Income Corporation (NYSE: O) announced the declaration of its 620th consecutive monthly dividend of $0.2465 per share, amounting to an annualized total of $2.958. This dividend will be paid on March 15, 2022 to shareholders of record as of March 1, 2022. The ex-dividend date is February 28, 2022. Realty Income is known as The Monthly Dividend Company® and is a member of the S&P 500 Dividend Aristocrats® index, with a history of increasing dividends consistently for over 53 years.
Wynn Resorts (NASDAQ: WYNN) has entered a $1.70 billion agreement to sell Encore Boston Harbor's real estate to Realty Income (NYSE: O), achieving a 5.9% cap rate. The company will lease the property back at $100 million annually for 30 years, with a 1.75% rent escalation for the first decade. Wynn retains a 13-acre land parcel for future expansion in Everett, MA, with an option to sell additional assets to Realty Income for $20 million in rent. This transaction is expected to close in Q4 2022, pending regulatory approvals.
Realty Income Corporation announced the tax status for its 2021 common stock dividends and those of VEREIT. Total common dividends paid in 2021 amounted to $4.8927123 for Realty Income, with 30.958% as ordinary income and 67.295% as non-taxable distributions. VEREIT's total common dividends were $1.7710000, with 73.695% as ordinary income. Realty Income also detailed the market value of newly exchanged notes from VEREIT. Shareholders should consult tax advisors regarding tax treatment of dividends received.
Realty Income Corporation, also known as The Monthly Dividend Company, will release its operating results for Q4 and FY 2021 on February 22, 2022, after market close. A conference call to discuss these results is scheduled for February 23, 2022, at 11:30 a.m. PT. Investors can access the call by dialing (888) 440-5675 for U.S. and (646) 960-0268 for international callers, using conference ID 9982808. Realty Income has a history of 619 consecutive monthly dividends and operates 11,000+ properties under long-term leases, making it a notable player in the REIT sector.
Realty Income Corporation (NYSE: O) has declared its 619th consecutive monthly dividend of $0.2465 per share, equating to an annualized rate of $2.958. This dividend will be payable on February 15, 2022, to shareholders on record as of February 1, 2022. The ex-dividend date is January 31, 2022. Realty Income, known as The Monthly Dividend Company®, emphasizes long-term stability and reliable income for investors, supported by its portfolio of nearly 11,000 properties.
On January 11, 2022, Realty Income Corporation (NYSE: O) announced the pricing of a £500 million public offering of senior unsecured notes. This includes £250 million of 1.875% notes due January 14, 2027, and £250 million of 2.500% notes due January 14, 2042. The effective semi-annual yields are 1.974% and 2.584%, respectively. Proceeds will fund investment opportunities and repay debts under a $3.0 billion revolving credit facility. The offering is set to close on January 14, 2022.
Realty Income Corporation (NYSE: O) has declared an increase in its monthly cash dividend to $0.2465 per share from $0.246. This change, marking the 114th dividend increase since 1994, is effective for the dividend payable on January 14, 2022, to shareholders of record as of January 3, 2022. The annualized dividend amount now stands at $2.958 per share. Realty Income has made 618 consecutive monthly dividend payments throughout its 52-year operating history.
Realty Income Corporation (NYSE: O) reported acquiring properties worth approximately $1.1 billion from October 1, 2021 to December 1, 2021. The company also has agreements to purchase additional properties estimated over $1.1 billion, expected to close in Q4 2021. Their overall investment pipeline for 2021 totals around $6.0 billion, with $1.55 billion raised in Q4. This includes $950 million from common stock sales and $595 million from a cash distribution related to the spin-off of Orion Office REIT, Inc.
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