128th Common Stock Monthly Dividend Increase Declared by Realty Income

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Realty Income (NYSE: O) has announced its 128th dividend increase since its NYSE listing in 1994. The company raised its monthly cash dividend to $0.2640 per share from $0.2635, payable on January 15, 2025, to stockholders of record as of January 2, 2025.

The new dividend represents an annualized amount of $3.168 per share, up from $3.162. This marks the company's 654th consecutive monthly dividend and 109th consecutive quarterly dividend increase since its NYSE listing. The company, founded in 1969, maintains a portfolio of over 15,450 properties across the U.S., U.K., and six European countries.

Positive

• 128th consecutive dividend increase since NYSE listing
• 654 consecutive monthly dividends paid
• Portfolio expansion to over 15,450 properties
• S&P 500 Dividend Aristocrats member with 30+ years of dividend increases
• Geographic diversification across multiple countries

Negative

• Minimal dividend increase of only $0.0005 per share monthly (0.19% increase)

SAN DIEGO, Dec. 10, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2640 per share from $0.2635 per share. The dividend is payable on January 15, 2025, to stockholders of record as of January 2, 2025. This is the 128^th dividend increase since Realty Income's listing on the NYSE in 1994. The new monthly dividend represents an annualized dividend amount of $3.168 per share as compared to the prior annualized dividend amount of $3.162 per share.

"Throughout our 55-year history, Realty Income has declared 654 consecutive monthly dividends," said Sumit Roy, Realty Income's President and Chief Executive Officer. "Today's declaration represents the 109^th consecutive quarter that we have declared a dividend increase since our 1994 NYSE listing, demonstrating our commitment to providing stockholders a dependable monthly dividend that increases over time."

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,450 properties in all 50 U.S. states, the U.K., and six other countries in Europe. We are known as "The Monthly Dividend Company^®," and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 654 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats^® index for having increased our dividend for the last 30 consecutive years. Additional information about the company can be found at www.realtyincome.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "estimated," "anticipated," "expect," "believe," "intend," "continue," "should," "may," "likely," "plans," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of our business and portfolio; cash flows; the intentions of management; and dividends, including the amount, timing and payment of dividends related thereto. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in domestic and foreign income tax laws and rates; property ownership through joint ventures, partnerships and other arrangements which may limit control of the underlying investments; epidemics or pandemics, including measures taken to limit their spread, the impacts on us, our business, our clients, and the economy generally; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers and acquisitions including from the merger with Spirit Realty Capital, Inc.; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release and forecasts made in the forward-looking statements discussed in this press release might not materialize. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.

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SOURCE Realty Income Corporation

FAQ

What is Realty Income's new monthly dividend amount for January 2025?

Realty Income (NYSE: O) will pay a monthly dividend of $0.2640 per share, payable on January 15, 2025.

How many consecutive monthly dividends has Realty Income (O) paid?

Realty Income has paid 654 consecutive monthly dividends throughout its 55-year history.

What is Realty Income's new annualized dividend amount for 2025?

Realty Income's new annualized dividend amount is $3.168 per share, increased from $3.162 per share.

How many properties does Realty Income (O) currently own?

Realty Income owns over 15,450 properties across the U.S., UK, and six European countries.