Realty Income Stock Price, News & Analysis

Orion Office REIT Inc. (NYSE: ONL) released its fourth quarter 2021 financial results, marking a period of transition following its spin-off from Realty Income. The company reported a net loss of $(54.9) million, or $(0.97) per share, while core FFO was $26.8 million, or $0.47 per share. The weighted average lease term increased to 4.1 years as Orion signed key lease extensions, including an 11-year deal with Merrill Lynch. The total debt stood at $647.3 million, but the company secured a $355 million refinance, enhancing its liquidity to $346.4 million.

Realty Income Corporation (NYSE: O) has declared an increase in its monthly cash dividend from $0.2465 to $0.247 per share, effective April 15, 2022. This marks the company's 115th dividend increase since its NYSE listing in 1994. The annualized dividend now stands at $2.964 per share, compared to the previous $2.958. The ex-dividend date is March 31, 2022. Realty Income has a strong history of providing dependable monthly income, achieving 621 consecutive payments in its 53 years of operation.

Realty Income Corporation has reported strong financial results for the year and quarter ended December 31, 2021, despite a challenging environment. Net income per share was $0.87 for the year and $0.01 for the quarter. Normalized FFO per share rose 2.4% to $3.39, while AFFO increased 5.9% to $3.59. The company raised $4.51 billion through common stock sales and completed a significant merger with VEREIT, enhancing its portfolio. Portfolio occupancy remained high at 98.5%, with $6.41 billion invested in properties during the year.

Orion Office REIT Inc. (NYSE: ONL) will announce its fourth quarter and full-year 2021 financial results on March 24, 2022, after market close. A conference call will follow at 5:00 p.m. ET the same day, featuring CEO Paul McDowell and CFO Gavin Brandon. The live webcast will be accessible through the company’s website. Replay options will be available post-call until April 7, 2022. Orion specializes in owning and managing mission-critical office properties leased to creditworthy tenants across the U.S.

Realty Income has announced a $1.7 billion acquisition of the Encore Boston Harbor Resort and Casino from Wynn Resorts, marking its first foray into the gaming sector. The transaction involves a long-term net lease with a 5.9% initial cap rate, a 30-year lease term, and rental growth of 1.75% annually for the first decade. The Boston gaming market generates $2.6 billion in annual revenues, with the Encore projected to grow as it captures premium customers. Realty Income expects the deal to enhance earnings and strategic partnerships.

Realty Income Corporation (NYSE: O) announced the declaration of its 620th consecutive monthly dividend of $0.2465 per share, amounting to an annualized total of $2.958. This dividend will be paid on March 15, 2022 to shareholders of record as of March 1, 2022. The ex-dividend date is February 28, 2022. Realty Income is known as The Monthly Dividend Company^® and is a member of the S&P 500 Dividend Aristocrats^® index, with a history of increasing dividends consistently for over 53 years.

Wynn Resorts (NASDAQ: WYNN) has entered a $1.70 billion agreement to sell Encore Boston Harbor's real estate to Realty Income (NYSE: O), achieving a 5.9% cap rate. The company will lease the property back at $100 million annually for 30 years, with a 1.75% rent escalation for the first decade. Wynn retains a 13-acre land parcel for future expansion in Everett, MA, with an option to sell additional assets to Realty Income for $20 million in rent. This transaction is expected to close in Q4 2022, pending regulatory approvals.

Realty Income Corporation announced the tax status for its 2021 common stock dividends and those of VEREIT. Total common dividends paid in 2021 amounted to $4.8927123 for Realty Income, with 30.958% as ordinary income and 67.295% as non-taxable distributions. VEREIT's total common dividends were $1.7710000, with 73.695% as ordinary income. Realty Income also detailed the market value of newly exchanged notes from VEREIT. Shareholders should consult tax advisors regarding tax treatment of dividends received.

Realty Income Corporation, also known as The Monthly Dividend Company, will release its operating results for Q4 and FY 2021 on February 22, 2022, after market close. A conference call to discuss these results is scheduled for February 23, 2022, at 11:30 a.m. PT. Investors can access the call by dialing (888) 440-5675 for U.S. and (646) 960-0268 for international callers, using conference ID 9982808. Realty Income has a history of 619 consecutive monthly dividends and operates 11,000+ properties under long-term leases, making it a notable player in the REIT sector.