Realty Income Stock Price, News & Analysis

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.

Realty Income Corporation (NYSE: O) has announced a monthly cash dividend increase to $0.2355 per share from $0.235, effective July 15, 2021. This marks the 111th dividend increase since the company became publicly listed in 1994. The new annualized dividend totals $2.826 per share, slightly up from $2.82. Shareholders of record by July 1, 2021, will be eligible, with an ex-dividend date of June 30, 2021. Realty Income has made 612 consecutive monthly payments in its 52-year history.

Realty Income announced its 611^th consecutive monthly dividend of $0.235 per share, equating to an annualized $2.82 per share. This dividend will be paid on June 15, 2021 to shareholders of record as of June 1, 2021, with an ex-dividend date of May 28, 2021. The company, a member of the S&P 500 Dividend Aristocrats^®, has a robust history of providing consistent monthly income through its extensive portfolio of over 6,600 properties.

Realty Income Corporation (NYSE: O) announced the appointment of Jacqueline Brady as an independent member of its Board of Directors, effective immediately, expanding the Board to ten members. Brady brings extensive experience in global debt solutions, currently serving as Managing Director with PGIM Real Estate. Her expertise in real estate and capital markets is expected to support Realty Income's strategic growth. The company has maintained a strong history of consistent monthly dividend payments, having declared 611 consecutive dividends over 52 years.

Realty Income Corporation (NYSE: O) reported Q1 2021 results with net income per share at $0.26 and AFFO per share at $0.86. The company invested $1.03 billion in properties, including $403 million in the U.K. and completed the early redemption of $950 million in 3.250% notes. Realty Income raised $670 million from a stock offering, with 94.1% of contractual rent collected. The company announced its 94th consecutive dividend increase, now at $2.82 annually. For 2021, FFO per share is estimated between $3.26 and $3.34, with acquisition guidance of over $3.25 billion.

Realty Income Corporation (NYSE: O) has announced a definitive merger agreement to acquire VEREIT, Inc. (NYSE: VER) in an all-stock transaction valued at approximately $50 billion. VEREIT shareholders will receive 0.705 shares of Realty Income for each share held. Post-merger, the companies will execute a taxable spin-off of most office properties into a new publicly traded REIT, designated as 'SpinCo.' The merger is projected to be over 10% accretive to Realty Income's AFFO per share, enhancing cash flow durability and strategic growth potential.

Realty Income Corporation (NYSE: O) announced its 610th consecutive common stock monthly dividend. The declared dividend amount is $0.235 per share, which annualizes to $2.82 per share. This dividend is payable on May 14, 2021, to shareholders of record as of May 3, 2021. The ex-dividend date is set for April 30, 2021. Realty Income, also known as The Monthly Dividend Company^®, is recognized for its commitment to providing reliable monthly income to shareholders through its extensive portfolio of real estate properties.