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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) reported Q3 results for 2020, showing a diluted net income per share of $0.07 and an AFFO per share of $0.81. The company collected 93.1% of contractual rent and invested $658.6 million in 89 properties, including $230 million in the U.K. Notably, it raised $348.6 million from common stock sales and issued $350 million in senior unsecured notes. Rent collection decreased slightly to 92.9% by October, with significant reserves for theater properties totaling $17.2 million. The annualized dividend saw a 3.1% increase, continuing Realty Income's tradition of reliable monthly income for investors.
Realty Income Corporation (NYSE: O) has declared its 604th consecutive monthly dividend of $0.2340 per share, equivalent to an annualized amount of $2.808. The dividend is payable on November 13, 2020 to shareholders on record as of November 2, 2020. The ex-dividend date is October 30, 2020. Realty Income is notable for its commitment to providing reliable monthly income, supported by cash flow from over 6,500 properties under long-term lease agreements. The company has consistently increased its dividend, marking 108 increases since its public listing in 1994.
Realty Income Corporation (NYSE: O) announced the appointment of Christie Kelly as Executive Vice President, Chief Financial Officer, and Treasurer, effective January 19, 2021. Kelly, who joined the board in November 2019, brings over 25 years of experience in financial management and real estate. Previously, she served as Global CFO of Jones Lang LaSalle and CFO of Duke Realty Corporation. The company, known for its monthly dividends, has a strong track record with 603 consecutive common stock monthly dividends declared and is recognized in the S&P 500 Dividend Aristocrats index.
Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company, reported its rent collection updates for the periods ending in 2020. As of October 1, 2020, the company achieved a contractual rent collection rate of 88.3% for the quarter ended June 30, increasing to 93.8% by September 30. Collection from the top 20 tenants improved from 82.9% to 91.9% in the same timeframe, while investment-grade tenants maintained a strong collection rate of 100%. Realty Income will announce its third-quarter results on November 2, 2020.
Realty Income Corporation (NYSE: O) has priced a public offering of £400 million in 1.625% senior unsecured notes due December 15, 2030, at an effective yield of 1.712%. This marks the company's first public issuance of unsecured notes in GBP. The net proceeds will be used to repay GBP-denominated borrowings under a $3.0 billion revolving credit facility, settle a foreign exchange swap arrangement, and for potential investments and general corporate purposes. The offering is expected to close on October 1, 2020.
Realty Income Corporation (NYSE: O) has announced an increase in its monthly cash dividend from $0.2335 to $0.2340 per share, effective for the dividend payable on October 15, 2020. This marks the 108th dividend increase since its NYSE listing in 1994. The annualized dividend now stands at $2.808 per share, up from $2.802. Shareholders of record as of October 1, 2020 will benefit, with an ex-dividend date on September 30, 2020. Realty Income continues its commitment to providing dependable monthly income, underscoring its strong performance.
Realty Income Corporation (NYSE: O) reported a positive update on its contractual rent collection as of September 1, 2020. The company collected 87.8% of contractual rent across its total portfolio for the quarter ended June 30, 2020, increasing to 93.5% by August 31, 2020. Notably, rent collected from top 20 tenants improved from 82.6% to 92.2% over the same period. Investment grade tenants maintained a high collection rate of 99.9%. Realty Income has been engaging in deferral agreements for unpaid rent with many tenants.
Realty Income Corporation (NYSE: O) announced a new U.S. dollar-denominated unsecured commercial paper program, allowing the issuance of up to $1.0 billion in notes. These notes will rank equally with the company's existing unsecured senior debt. Funds raised will be used for general corporate purposes, backed by a $3.0 billion revolving credit facility. The notes will not be registered under the Securities Act, ensuring they cannot be sold in the U.S. without proper registration or exemption. The announcement includes forward-looking statements regarding potential risks affecting future results.
Realty Income Corporation (NYSE: O) has declared its 602nd consecutive monthly dividend of $0.2335 per share, equating to an annualized amount of $2.802. This dividend is payable on September 15, 2020, to shareholders of record as of September 1, 2020. The ex-dividend date is August 31, 2020. Realty Income continues to uphold its commitment to providing dependable monthly income to shareholders, supported by cash flow from over 6,500 real estate properties leased to commercial tenants.
Realty Income corporation (NYSE: O) reported strong second-quarter results for 2020, with net income per share at $0.31 and adjusted funds from operations (AFFO) per share up 4.9% to $0.86. The company collected 86.5% of contractual rent during Q2, improving to 91.5% in July. Realty Income raised $693 million through senior unsecured notes and common stock sales and invested $154.2 million across 32 properties. Their portfolio boasts a 98.5% occupancy rate, with an expected acquisition range of $1.25 billion to $1.75 billion in 2020, reflecting resilience amid the COVID-19 pandemic.
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