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), known as The Monthly Dividend Company®, will release its operating results for the year ended December 31, 2020, after the market closes on February 22, 2021. A conference call to discuss these results will be held on February 23, 2021, at 11:30 a.m. PT. The company has a strong history of providing monthly dividends, having declared 607 consecutive dividends throughout its 52 years of operation. Realty Income is part of the S&P 500 Dividend Aristocrats® index, showcasing its commitment to reliable income for shareholders.
Realty Income Corporation (NYSE: O) has declared its 607th consecutive monthly dividend of $0.2345 per share, amounting to an annualized total of $2.814. This dividend is payable on February 16, 2021, for shareholders on record as of February 1, 2021. The ex-dividend date is set for January 29, 2021. Realty Income, known as The Monthly Dividend Company®, is recognized for its reliability in providing consistent monthly income through its extensive portfolio of over 6,500 real estate properties.
Realty Income Corporation (NYSE: O) announced the closing of a public offering for 12,075,000 shares of common stock, raising approximately $669.6 million after underwriting costs. This includes the exercise of an option for an additional 1,575,000 shares. The proceeds will fund property acquisitions, with agreements totaling approximately $676.8 million in the U.S. and U.K. Furthermore, Realty Income has already acquired properties for about $130.7 million from January 1 to January 8, 2021. Remaining funds may be utilized for working capital or debt repayments.
Realty Income Corporation (NYSE: O) announced a public offering of 10,500,000 shares of common stock priced at $57.05 per share, set to close on January 14, 2021. The offering is expected to generate approximately $582.3 million in net proceeds, which will be used for property acquisitions and general corporate purposes. The company is planning acquisitions valued at about $807.5 million as of January 8, 2021, although there are risks associated with completing these transactions. A prospectus for the offering will be filed with the SEC.
Realty Income Corporation (NYSE: O) announced the start of an underwritten public offering of 10,500,000 shares of common stock, with an option for underwriters to purchase an additional 1,575,000 shares. Proceeds will be utilized, along with cash and borrowings, to fund property acquisitions worth approximately $676.8 million in the U.S. and U.K. As of January 8, 2021, property acquisitions totaled approximately $807.5 million. Remaining proceeds will support general corporate purposes, including debt repayment and working capital.
Realty Income Corporation (NYSE: O) has announced the pricing of a public offering amounting to $725 million in senior unsecured notes. This includes $325 million of 0.75% notes due March 15, 2026, and $400 million of 1.80% notes due March 15, 2033. The effective yields to maturity for these issues are 0.908% and 1.941%, respectively. Net proceeds will be utilized to redeem $950 million of existing 3.25% notes due 2022, along with general corporate purposes. The offering is expected to close on December 14, 2020.
Realty Income Corporation (NYSE: O) announced plans to redeem $950 million in 3.25% notes due on October 15, 2022, with the redemption date set for January 8, 2021. The estimated redemption price is approximately $1,056.60 per $1,000 principal amount, including about $7.12 of accrued interest. The company anticipates a charge of around $46 million, or $0.13 per diluted share, to net income and NAREIT-defined Funds from Operations (FFO) in Q1 2021, but this will be excluded from Adjusted Funds from Operations (AFFO).
Realty Income Corporation (NYSE: O) announced an increase in its monthly cash dividend from $0.2340 to $0.2345 per share, effective January 15, 2021. This marks the 109th dividend increase since its NYSE listing in 1994, highlighting the company's commitment to providing reliable income to shareholders. The dividend is payable to shareholders of record by January 4, 2021, with an ex-dividend date of December 31, 2020. The annualized dividend now stands at $2.814 per share, a modest increase from $2.808.
Realty Income Corporation (NYSE: O) reported its contractual rent collection rates up to November 30, 2020. The company achieved a collection rate of 93.6% across its total portfolio, with rates of 90.2% from its top 20 tenants and 99.9% from investment-grade tenants. Realty Income has entered deferral agreements with tenants responsible for most unpaid rent. The company continues to be a reliable source of monthly income, having declared 605 consecutive dividends with significant increases since going public in 1994.
Realty Income Corporation (NYSE: O) has declared its 605th consecutive monthly dividend of $0.2340 per share, translating to an annualized dividend of $2.808. The dividend will be payable on December 15, 2020, to shareholders on record as of December 1, 2020, with an ex-dividend date of November 30, 2020. The company has consistently increased dividends 108 times since its public listing in 1994. As a member of the S&P 500 Dividend Aristocrats, Realty Income remains focused on providing reliable monthly income to its stockholders.
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