Realty Income Announces 2024 Dividend Tax Allocation for Realty Income Corporation and Spirit Realty Capital, Inc.

Rhea-AI Summary

Realty Income (NYSE: O) has announced the final dividend tax allocation for its 2024 distributions. For common stock, the total distribution of $3.1255 per share consists of 69.62% ($2.1759803) as ordinary income dividend and 30.38% ($0.9495197) as non-taxable distribution. For Spirit Realty Capital's common stock, the total distribution of $0.6696 per share is entirely non-taxable. The company's Series A Preferred Stock, which was redeemed on September 30, 2024, had distributions of $1.125 per share, classified as 100% ordinary income.

Realty Income, known as 'The Monthly Dividend Company®', is an S&P 500 company with over 15,450 properties across the U.S., UK, and six European countries. The company has maintained 655 consecutive monthly dividends and has increased its dividend for 30 consecutive years, earning its place in the S&P 500 Dividend Aristocrats® index.

Positive

• 655 consecutive monthly dividends paid
• 30 years of consecutive dividend increases
• Diversified portfolio of 15,450+ properties across multiple countries
• S&P 500 Dividend Aristocrats® member

Negative

• None.

SAN DIEGO, Jan. 28, 2025 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, today announced the final calculation of the dividend tax status for its 2024 common stock distributions, and for its 2024 6.00% Series A Cumulative Redeemable Preferred Stock (Series A Preferred Stock, NYSE:O PR) distributions, which were redeemed in full on September 30, 2024. Additionally, Realty Income announced today the final calculation of the dividend tax status for Spirit Realty Capital, Inc.'s (Spirit, formerly NYSE: SRC) 2024 common stock distributions. A portion of the Realty Income common stock distributions are considered a non-taxable distribution, whereas Spirit Realty Capital's final common stock distribution is fully a non-taxable distribution. Respective tax attributes of the distributions paid per share are outlined below:

Realty Income Corporation Common Stock (CUSIP: 756109104)
Total Common Distributions Paid in 2024	$ 3.1255000
Ordinary Income Dividend	$ 2.1759803 (69.620%)
Non-taxable Distribution (return of capital)	$ 0.9495197 (30.380%)

Spirit Realty Capital, Inc. Common Stock (CUSIP: 84860W300)
Total Common Distributions Paid in 2024	$ 0.6696000
Non-taxable Distribution (return of capital)	$ 0.6696000 (100.000%)

Realty Income Corporation Series A Preferred Stock (CUSIP: 756109880)
Total Series A Preferred Stock Distributions Paid in 2024	$ 1.1250000
Ordinary Income Portion of Dividend	$ 1.1250000 (100.000%)

Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of any Realty Income common or preferred stock dividends or Spirit common stock dividends received.

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,450 properties in all 50 U.S. states, the U.K., and six other countries in Europe. We are known as "The Monthly Dividend Company^®," and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 655 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats^® index for having increased our dividend for the last 30 consecutive years. Additional information about the company can be found at www.realtyincome.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/realty-income-announces-2024-dividend-tax-allocation-for-realty-income-corporation-and-spirit-realty-capital-inc-302362426.html

SOURCE Realty Income Corporation

FAQ

What is the tax breakdown of Realty Income's (O) 2024 common stock dividend?

Realty Income's 2024 common stock dividend of $3.1255 per share consists of 69.62% ($2.1759803) as ordinary income and 30.38% ($0.9495197) as non-taxable distribution.

How much of Spirit Realty Capital's 2024 dividend distribution is taxable?

Spirit Realty Capital's 2024 dividend distribution of $0.6696 per share is 100% non-taxable, classified as return of capital.

When was Realty Income's Series A Preferred Stock redeemed in 2024?

Realty Income's 6.00% Series A Preferred Stock was redeemed in full on September 30, 2024.

How many consecutive monthly dividends has Realty Income (O) declared?

Realty Income has declared 655 consecutive monthly dividends since its founding.

How many properties does Realty Income (O) currently own?

Realty Income owns over 15,450 properties across the U.S., UK, and six other European countries.