Realty Income Stock Price, News & Analysis

Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company, reported its rent collection updates for the periods ending in 2020. As of October 1, 2020, the company achieved a contractual rent collection rate of 88.3% for the quarter ended June 30, increasing to 93.8% by September 30. Collection from the top 20 tenants improved from 82.9% to 91.9% in the same timeframe, while investment-grade tenants maintained a strong collection rate of 100%. Realty Income will announce its third-quarter results on November 2, 2020.

Realty Income Corporation (NYSE: O) has priced a public offering of £400 million in 1.625% senior unsecured notes due December 15, 2030, at an effective yield of 1.712%. This marks the company's first public issuance of unsecured notes in GBP. The net proceeds will be used to repay GBP-denominated borrowings under a $3.0 billion revolving credit facility, settle a foreign exchange swap arrangement, and for potential investments and general corporate purposes. The offering is expected to close on October 1, 2020.

Realty Income Corporation (NYSE: O) has announced an increase in its monthly cash dividend from $0.2335 to $0.2340 per share, effective for the dividend payable on October 15, 2020. This marks the 108th dividend increase since its NYSE listing in 1994. The annualized dividend now stands at $2.808 per share, up from $2.802. Shareholders of record as of October 1, 2020 will benefit, with an ex-dividend date on September 30, 2020. Realty Income continues its commitment to providing dependable monthly income, underscoring its strong performance.

Realty Income Corporation (NYSE: O) reported a positive update on its contractual rent collection as of September 1, 2020. The company collected 87.8% of contractual rent across its total portfolio for the quarter ended June 30, 2020, increasing to 93.5% by August 31, 2020. Notably, rent collected from top 20 tenants improved from 82.6% to 92.2% over the same period. Investment grade tenants maintained a high collection rate of 99.9%. Realty Income has been engaging in deferral agreements for unpaid rent with many tenants.

Realty Income Corporation (NYSE: O) announced a new U.S. dollar-denominated unsecured commercial paper program, allowing the issuance of up to $1.0 billion in notes. These notes will rank equally with the company's existing unsecured senior debt. Funds raised will be used for general corporate purposes, backed by a $3.0 billion revolving credit facility. The notes will not be registered under the Securities Act, ensuring they cannot be sold in the U.S. without proper registration or exemption. The announcement includes forward-looking statements regarding potential risks affecting future results.

Realty Income Corporation (NYSE: O) has declared its 602nd consecutive monthly dividend of $0.2335 per share, equating to an annualized amount of $2.802. This dividend is payable on September 15, 2020, to shareholders of record as of September 1, 2020. The ex-dividend date is August 31, 2020. Realty Income continues to uphold its commitment to providing dependable monthly income to shareholders, supported by cash flow from over 6,500 real estate properties leased to commercial tenants.

Realty Income corporation (NYSE: O) reported strong second-quarter results for 2020, with net income per share at $0.31 and adjusted funds from operations (AFFO) per share up 4.9% to $0.86. The company collected 86.5% of contractual rent during Q2, improving to 91.5% in July. Realty Income raised $693 million through senior unsecured notes and common stock sales and invested $154.2 million across 32 properties. Their portfolio boasts a 98.5% occupancy rate, with an expected acquisition range of $1.25 billion to $1.75 billion in 2020, reflecting resilience amid the COVID-19 pandemic.

Realty Income Corporation (NYSE: O) has declared its 601st consecutive monthly dividend of $0.2335 per share, amounting to an annualized $2.802. This dividend is payable on August 14, 2020, to shareholders of record as of August 3, 2020, with an ex-dividend date of July 31, 2020. Realty Income, known as The Monthly Dividend Company^®, is a member of the S&P 500 Dividend Aristocrats^® index and is committed to providing reliable monthly income to shareholders.

Realty Income Corporation (NYSE: O) announced a public offering of $350 million in 3.25% senior unsecured notes maturing on January 15, 2031. The notes were priced at 108.241% of the principal, yielding 2.341% to maturity. Proceeds will enhance liquidity by repaying borrowings from a $3.0 billion revolving credit facility and may also fund investment opportunities. This offering adds to the $600 million previously issued on May 8, 2020. The closure is expected on July 16, 2020, pending customary conditions.