Realty Income Stock Price, News & Analysis

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.

Realty Income Corporation (NYSE: O) reported its operating results for Q2 2021, showing net income per share at $0.33 and normalized FFO per share at $0.88. The company invested $1.13 billion across 156 properties, with significant acquisitions in the U.K. They raised $457.5 million from common stock sales and issued £400 million in green bonds. The rental collection rate reached 99.4%. Realty Income updated its 2021 AFFO guidance to $3.53 - $3.59 per share and acquisition guidance to approximately $4.5 billion. The portfolio remains strong with a 98.5% occupancy rate.

Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company^®, has declared its 613^th consecutive monthly dividend of $0.2355 per share, translating to an annualized amount of $2.826 per share. This dividend is scheduled for payment on August 13, 2021, to shareholders on record as of August 2, 2021, with an ex-dividend date of July 30, 2021. Realty Income continues its commitment to delivering reliable monthly income to shareholders, having increased dividends 111 times since its public listing in 1994.

Realty Income Corporation (NYSE: O) announced the pricing of its inaugural green bond offering, totaling £750 million. This includes £400 million in 1.125% senior unsecured notes due July 13, 2027, and £350 million in 1.750% senior unsecured notes due July 13, 2033, with yields of 1.242% and 1.757%, respectively. The net proceeds will finance eligible green projects as per its green financing framework. The offering is set to close on July 13, 2021, and the firm has identified approximately £300 million in potential green projects.

Realty Income Corporation (NYSE: O) has successfully closed a public offering of 9,200,000 shares of common stock, raising approximately $594 million before expenses. This includes the full exercise of an underwriters' option to buy 1,200,000 additional shares. The proceeds will primarily be used to repay borrowings under its $3.0 billion revolving credit facility and/or $1.0 billion commercial paper program, with potential funding for investment opportunities and general corporate purposes.

Realty Income Corporation (NYSE: O) announces it will release its Q2 operating results on August 2, 2021, after market close. A conference call to discuss these results is scheduled for August 3, 2021, at 11:30 a.m. PT. Investors can join via dial-in or access a live webcast on the company’s website. Realty Income continues to offer dependable monthly dividends backed by cash flow from over 6,600 properties. It has declared 612 consecutive monthly dividends and has increased its dividend 111 times since going public in 1994.

Realty Income Corporation (NYSE: O) announced the pricing of an underwritten public offering of 8,000,000 shares of common stock, aiming for gross proceeds of approximately $519 million. The offering is set to close on July 6, 2021, with underwriters granted a 30-day option for an additional 1,200,000 shares. Proceeds will primarily repay borrowings under its $3.0 billion revolving credit facility and $1.0 billion commercial paper program, while also funding potential investments and general corporate purposes.

Realty Income Corporation (NYSE: O) announced a public offering of 7,250,000 shares of common stock, with an additional 1,087,500 shares subject to a 30-day underwriter option. The proceeds will be used to repay borrowings under its $3.0 billion revolving credit facility and $1.0 billion commercial paper program, as well as to fund investment opportunities and general corporate purposes. The offering was managed by Wells Fargo Securities and Morgan Stanley and follows a Registration Statement filed with the SEC.