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.
Realty Income Corporation (NYSE: O) announced on October 8, 2021, the commencement of exchange offers for VEREIT Operating Partnership notes. Realty Income intends to exchange existing notes for new notes issued by itself, with combined aggregate amounts reaching over $3 billion. The exchange includes various note series with different maturity dates and interest rates. An accompanying consent solicitation aims to amend restrictive covenants on VEREIT notes. The offers will expire on November 5, 2021, with early consent bonuses available for participants.
Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company®, will release its operating results for Q3 2021 on November 1, 2021, post-market close. A conference call is scheduled for November 2, 2021, at 11:30 a.m. PT to discuss these results. Realty Income, an S&P 500 company, has a strong history of providing monthly dividends, having declared 615 consecutive monthly dividends and raised its dividend 112 times since going public in 1994. More details can be accessed on their official website.
Realty Income Corporation (NYSE: O) has successfully completed a €93 million sale-leaseback transaction in Spain, marking its first acquisition in Continental Europe. This strategic move involves seven properties leased to Carrefour, Europe's largest food retailer. The transaction aligns with Realty Income's growth strategy and commitment to partnering with leading operators with stable cash flow. Realty Income has a notable history of consistent dividends, having declared 615 consecutive monthly dividends, supported by a robust portfolio of over 6,700 properties.
On September 14, 2021, Realty Income Corporation (NYSE: O) announced an increase in its monthly cash dividend, raising it to $0.236 per share from $0.2355. This increase, marking the 112th since its NYSE listing in 1994, will be paid to shareholders on October 15, 2021, with a record date of October 1, 2021. The annualized dividend amount now stands at $2.832, up from $2.826. Realty Income continues its commitment to providing reliable monthly dividends, having made 615 consecutive payments throughout its 52-year history.
Realty Income Corporation (NYSE: O) has declared its 614th consecutive monthly dividend of $0.2355 per share, translating to an annualized rate of $2.826 per share. This dividend will be payable on September 15, 2021, to shareholders of record as of September 1, 2021, with an ex-dividend date of August 31, 2021. Realty Income, known as The Monthly Dividend Company®, has a history of increasing dividends with over 6,700 properties under long-term lease agreements.
Realty Income Corporation and VEREIT announced that their stockholders approved the merger agreement on August 12, 2021. Realty Income garnered approximately 98.9% approval from its stockholders, while VEREIT achieved 99.7%. Under the merger terms, VEREIT stockholders will receive 0.705 shares of Realty Income stock for each share held. The merger is expected to finalize in the fourth quarter of 2021, pending customary closing conditions.
Realty Income Corporation (NYSE: O) reported its operating results for Q2 2021, showing net income per share at $0.33 and normalized FFO per share at $0.88. The company invested $1.13 billion across 156 properties, with significant acquisitions in the U.K. They raised $457.5 million from common stock sales and issued £400 million in green bonds. The rental collection rate reached 99.4%. Realty Income updated its 2021 AFFO guidance to $3.53 - $3.59 per share and acquisition guidance to approximately $4.5 billion. The portfolio remains strong with a 98.5% occupancy rate.
Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company®, has declared its 613th consecutive monthly dividend of $0.2355 per share, translating to an annualized amount of $2.826 per share. This dividend is scheduled for payment on August 13, 2021, to shareholders on record as of August 2, 2021, with an ex-dividend date of July 30, 2021. Realty Income continues its commitment to delivering reliable monthly income to shareholders, having increased dividends 111 times since its public listing in 1994.
Realty Income Corporation (NYSE: O) announced the pricing of its inaugural green bond offering, totaling £750 million. This includes £400 million in 1.125% senior unsecured notes due July 13, 2027, and £350 million in 1.750% senior unsecured notes due July 13, 2033, with yields of 1.242% and 1.757%, respectively. The net proceeds will finance eligible green projects as per its green financing framework. The offering is set to close on July 13, 2021, and the firm has identified approximately £300 million in potential green projects.
Realty Income Corporation (NYSE: O) has successfully closed a public offering of 9,200,000 shares of common stock, raising approximately $594 million before expenses. This includes the full exercise of an underwriters' option to buy 1,200,000 additional shares. The proceeds will primarily be used to repay borrowings under its $3.0 billion revolving credit facility and/or $1.0 billion commercial paper program, with potential funding for investment opportunities and general corporate purposes.
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