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Realty Income Corporation - O STOCK NEWS

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.

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Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company®, announced its 634th consecutive monthly dividend of $0.2550 per share, equating to an annualized amount of $3.060. The dividend is scheduled for payment on May 15, 2023, to stockholders on record as of May 1, 2023, with the ex-dividend date set for April 28, 2023. Realty Income, a member of the S&P 500 Dividend Aristocrats® index, has consistently delivered monthly dividends supported by cash flow from over 12,200 properties. The firm has increased its dividend 120 times since going public in 1994, demonstrating a strong commitment to providing a reliable income stream for shareholders.

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Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company, is set to release its operating results for the quarter ended March 31, 2023, following the market close on May 3, 2023. A conference call to discuss these results will be hosted on May 4, 2023, at 11:30 a.m. PT. The company has maintained a reliable dividend history, declaring 633 consecutive monthly dividends and increasing dividends 120 times since its public listing in 1994. As a member of the S&P 500 Dividend Aristocrats, Realty Income primarily invests in real estate assets under long-term net lease agreements, aiming to deliver dependable monthly dividends to its investors.

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On April 5, 2023, Realty Income Corporation (NYSE: O) announced the pricing of a public offering of $1 billion in senior unsecured notes. This includes $400 million of 4.70% notes maturing on December 15, 2028, and $600 million of 4.90% notes maturing on July 15, 2033. The effective semi-annual yields to maturity are 4.912% and 5.148%, respectively. Proceeds from this offering will be allocated primarily for general corporate purposes, including the repayment of indebtedness and property acquisitions. The offering is set to close on April 14, 2023. Wells Fargo Securities, Barclays, and other firms are the joint book-running managers for the offering.

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Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company, has announced an increase in its common stock monthly cash dividend from $0.2545 to $0.2550 per share, effective April 14, 2023, for stockholders of record as of April 3, 2023. This marks the 120th dividend increase since its NYSE listing in 1994 and brings the annualized dividend to $3.060 per share compared to the previous $3.054. Realty Income has a solid track record with 633 consecutive monthly dividend declarations in its 54-year history.

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Orion Office REIT Inc. (NYSE: ONL) reported total revenues of $208.1 million for 2022 but faced a net loss of $(97.5) million, equivalent to $(1.72) per share. Core FFO reached $101.8 million, exceeding guidance by $0.02 per share. Orion completed 0.8 million square feet of lease renewals and sold 11 properties for $33.1 million. The company had a portfolio occupancy rate of 89.0% and 73.3% of annualized base rent from investment-grade tenants. Looking ahead, Orion aims for a Core FFO per share of $1.55 - $1.63 for 2023. A quarterly dividend of $0.10 per share was declared, payable on April 17, 2023.

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On March 6, 2023, Realty Income Corporation (NYSE: O) announced a definitive agreement to acquire up to 415 single-tenant convenience store properties from EG Group for approximately $1.5 billion. The acquisition is expected to have an estimated cap rate of 6.9% and a 20-year average initial lease term. Approximately 80% of the annualized rent is anticipated from properties in the Northeast U.S., particularly Massachusetts, New York, and Florida. The deal is expected to close in Q2 2023, pending customary conditions and due diligence.

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Realty Income Corporation (NYSE: O) announced its operating results for Q4 and the full year of 2022. Net income for Q4 reached $227.3 million ($0.36/share), with normalized FFO rising 18% to $1.05/share. The company completed a $1.7 billion acquisition of Encore Boston Harbor and invested $3.9 billion in 578 properties. For the full year, net income was $869.4 million ($1.42/share), with normalized FFO growing 19.8% to $4.06/share. The dividend was increased by 4.7%, marking its 101st consecutive quarterly increase. The company ended the year with 99% occupancy across its portfolio, and anticipates over $5 billion in acquisitions for 2023.

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Realty Income Corporation (NYSE: O) has formed a strategic alliance with Plenty Unlimited Inc. to support the development of indoor vertical farms. Realty Income will invest up to $1 billion in properties for this initiative, starting with a farm near Richmond, Virginia. The first facility will focus on growing strawberries and aims to produce over 20 million pounds of crops annually. This partnership aligns with Realty Income's growth strategy, providing new opportunities in agriculture technology. Both companies see this alliance as a pivotal step in enhancing sustainable farming practices and increasing fresh produce availability.

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Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company, has announced a monthly cash dividend increase from $0.2485 to $0.2545 per share, effective March 15, 2023, to stockholders of record by March 1, 2023. This marks a 3.2% increase year-over-year and is the 119th dividend increase since its public listing in 1994. The new annualized dividend is $3.054 per share, surpassing the previous $2.982.

The declaration reflects Realty Income's commitment to providing reliable monthly dividends, with this being the 632nd consecutive monthly dividend in its 54-year history.

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FAQ

What is the current stock price of Realty Income Corporation (O)?

The current stock price of Realty Income Corporation (O) is $52.79 as of December 20, 2024.

What is the market cap of Realty Income Corporation (O)?

The market cap of Realty Income Corporation (O) is approximately 45.3B.

What is Realty Income Corporation known for?

Realty Income Corporation is known for providing reliable monthly dividends and managing a diversified portfolio of over 15,450 commercial properties across the U.S. and Europe.

When was Realty Income Corporation founded?

Realty Income Corporation was founded in 1969.

What types of properties does Realty Income own?

Realty Income owns freestanding, single-tenant properties leased under long-term, triple-net agreements, including retail, industrial, gaming, office, manufacturing, and distribution properties.

How many properties does Realty Income own?

Realty Income owns over 15,450 properties.

What is Realty Income's ticker symbol?

Realty Income's ticker symbol is 'O' on the New York Stock Exchange.

What was Realty Income's recent major acquisition?

Realty Income recently merged with Spirit Realty Capital, significantly expanding its portfolio and enhancing growth prospects.

How does Realty Income generate revenue?

Realty Income generates revenue through long-term leases of its commercial properties to high-credit tenants, ensuring stable and diversified income streams.

What is the current occupancy rate of Realty Income's portfolio?

As of March 31, 2024, Realty Income's portfolio occupancy rate is 98.6%.

What sustainability initiatives is Realty Income involved in?

Realty Income is involved in sustainability initiatives, including partnerships with tenants like Decathlon SE, which is committed to reducing CO2 emissions by 20% by 2026.

Where can I find more information about Realty Income Corporation?

More information about Realty Income Corporation can be found on their official website at www.realtyincome.com.

Realty Income Corporation

NYSE:O

O Rankings

O Stock Data

45.30B
874.26M
0.11%
81.2%
1.76%
REIT - Retail
Real Estate Investment Trusts
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United States of America
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