Realty Income Stock Price, News & Analysis

Realty Income Corporation (NYSE: O) announced on December 30, 2022, a definitive agreement to acquire up to 185 retail and industrial properties from CIM Real Estate Finance Trust, Inc. for approximately $894 million. This acquisition is projected to offer a 7.1% cash cap rate with a weighted average remaining lease term of 9.2 years. Approximately 48% of the contractual rent is from investment-grade clients. The deal is expected to close in Q1 2023, subject to standard conditions. This transaction aims to enhance Realty Income's portfolio and is anticipated to be accretive to earnings.

Realty Income Corporation (NYSE: O) has appointed Gregory J. Whyte as Executive Vice President and Chief Operating Officer, effective January 3, 2023. Whyte brings extensive real estate experience, having previously worked at UBS and Morgan Stanley, and served as an independent director for several REITs. This appointment aims to enhance Realty Income's leadership and support its ongoing success. Realty Income is noted for its consistent monthly dividends, boasting a history of 630 consecutive payments and 118 increases since its 1994 listing.

Realty Income Corporation (NYSE: O) has declared a monthly cash dividend increase to $0.2485 per share from $0.248, effective January 13, 2023, for shareholders on record as of January 3, 2023. This marks the 118th dividend increase since its NYSE listing in 1994 and represents an annualized amount of $2.982 per share, up from $2.976. Realty Income continues to demonstrate its commitment to providing dependable monthly dividends, having delivered 630 consecutive monthly dividends over its 53-year history.

Wynn Resorts has finalized the sale of Encore Boston Harbor to Realty Income Corporation for $1.7 billion. The deal received all requisite regulatory approvals and resulted in a cash cap rate of 5.9%. Post-transaction, Wynn's global liquidity is bolstered to $4.4 billion. The company will maintain operations at Encore Boston Harbor under a triple net lease with Realty Income, securing an initial rent of $100 million annually, with escalations in future years.

Realty Income Corporation (NYSE: O) has successfully closed its acquisition of Encore Boston Harbor's land and real estate assets from Wynn Resorts (NASDAQ: WYNN) for $1.7 billion. With all regulatory approvals secured, the transaction marks Realty Income's first venture into the gaming industry. Following the acquisition, Wynn Resorts will operate the resort under a triple net lease. Realty Income is renowned for its reliable monthly dividends, boasting a 53-year history of consistent payouts and 629 consecutive monthly dividends declared.

Realty Income Corporation (NYSE: O) has declared its 629th consecutive monthly dividend of $0.248 per share, equating to an annualized $2.976. This dividend is set to be paid on December 15, 2022, for stockholders on record as of December 1, 2022, with an ex-dividend date of November 30, 2022. Realty Income is recognized as The Monthly Dividend Company and is an S&P 500 company, noted for its reliable monthly dividends over its 53-year history.

Orion Office REIT Inc. reported total revenues of $51.8 million for Q3 2022, alongside a net loss of $(53.0 million), equating to $(0.94) per share. The company achieved Core FFO of $24.0 million, or $0.42 per share. It sold six properties for about $24.8 million, with agreements to sell four more for $15.9 million. The Board approved a $50 million share repurchase program. The real estate portfolio consisted of 87 properties with an occupancy rate of 88.2%. The Company raised its Core FFO guidance for 2022, now expected to be between $1.76 and $1.78 per share.

Realty Income Corporation (NYSE: O) reported robust Q3 2022 results, with net income of $219.6 million, or $0.36 per share. Normalized FFO per share rose 9.0% to $0.97, while AFFO per share increased 7.7% to $0.98. The company invested $1.87 billion across 375 properties, maintaining a strong occupancy rate of 98.9%. Realty Income declared its 100th consecutive quarterly dividend increase of 5.1%. The firm raised $0.7 billion through common stock sales and issued $750 million in senior unsecured notes, enhancing capital flexibility.

Orion Office REIT Inc. (NYSE: ONL) will announce its third-quarter 2022 financial results on November 2, 2022, after market close. A webcast and conference call to discuss these results will take place at 10:00 a.m. ET on November 3, 2022. The event will feature CEO Paul McDowell and CFO Gavin Brandon. The call can be accessed via the company's website. A replay will be available until November 17, 2022.