Realty Income Stock Price, News & Analysis

Realty Income Corporation (NYSE: O) and VEREIT, Inc. (NYSE: VER) announced the anticipated closing of their merger on November 1, 2021. Concurrently, Realty Income's spin-off of office assets into a new entity, Orion Office REIT Inc. (NYSE: ONL), is effective as of October 22, 2021. Realty Income shareholders will receive one share of Orion for every ten shares held, with the record date set for November 2, 2021 and distribution on November 12, 2021. Shareholders are advised to consult financial advisors regarding tax implications of the transactions.

Realty Income Corporation (NYSE: O) announced on October 14, 2021 the declaration of its 616th consecutive monthly dividend. The dividend is set at $0.236 per share, annualizing to $2.832 per share. Shareholders of record by November 2, 2021 will receive the dividend on November 15, 2021. The ex-dividend date is November 1, 2021. Realty Income is recognized as The Monthly Dividend Company and is a member of the S&P 500 Dividend Aristocrats, with a robust track record of increasing dividends over its 52-year history.

Realty Income Corporation (NYSE: O) announced the closing of a €64 million portfolio transaction in Spain, acquiring three properties leased to Carrefour under long-term agreements. This brings Realty Income's total investment in Spain to approximately €157 million. CEO Sumit Roy emphasized the company's strategic expansion into Continental Europe and the importance of partnerships with key operators like Carrefour, which holds a significant market share in Spain's grocery sector.

Realty Income Corporation (NYSE: O) announced on October 8, 2021, the commencement of exchange offers for VEREIT Operating Partnership notes. Realty Income intends to exchange existing notes for new notes issued by itself, with combined aggregate amounts reaching over $3 billion. The exchange includes various note series with different maturity dates and interest rates. An accompanying consent solicitation aims to amend restrictive covenants on VEREIT notes. The offers will expire on November 5, 2021, with early consent bonuses available for participants.

Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company®, will release its operating results for Q3 2021 on November 1, 2021, post-market close. A conference call is scheduled for November 2, 2021, at 11:30 a.m. PT to discuss these results. Realty Income, an S&P 500 company, has a strong history of providing monthly dividends, having declared 615 consecutive monthly dividends and raised its dividend 112 times since going public in 1994. More details can be accessed on their official website.

Realty Income Corporation (NYSE: O) has successfully completed a €93 million sale-leaseback transaction in Spain, marking its first acquisition in Continental Europe. This strategic move involves seven properties leased to Carrefour, Europe's largest food retailer. The transaction aligns with Realty Income's growth strategy and commitment to partnering with leading operators with stable cash flow. Realty Income has a notable history of consistent dividends, having declared 615 consecutive monthly dividends, supported by a robust portfolio of over 6,700 properties.

On September 14, 2021, Realty Income Corporation (NYSE: O) announced an increase in its monthly cash dividend, raising it to $0.236 per share from $0.2355. This increase, marking the 112th since its NYSE listing in 1994, will be paid to shareholders on October 15, 2021, with a record date of October 1, 2021. The annualized dividend amount now stands at $2.832, up from $2.826. Realty Income continues its commitment to providing reliable monthly dividends, having made 615 consecutive payments throughout its 52-year history.

Realty Income Corporation (NYSE: O) has declared its 614^th consecutive monthly dividend of $0.2355 per share, translating to an annualized rate of $2.826 per share. This dividend will be payable on September 15, 2021, to shareholders of record as of September 1, 2021, with an ex-dividend date of August 31, 2021. Realty Income, known as The Monthly Dividend Company^®, has a history of increasing dividends with over 6,700 properties under long-term lease agreements.

Realty Income Corporation and VEREIT announced that their stockholders approved the merger agreement on August 12, 2021. Realty Income garnered approximately 98.9% approval from its stockholders, while VEREIT achieved 99.7%. Under the merger terms, VEREIT stockholders will receive 0.705 shares of Realty Income stock for each share held. The merger is expected to finalize in the fourth quarter of 2021, pending customary closing conditions.