Every 424B that Realty Income Corporation (O) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow O and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full O filings page.
Realty Income Corporation is offering €600,000,000 aggregate principal amount of 3.625% Notes due July 30, 2032. Interest accrues from and including July 7, 2026 and is payable annually on July 30, commencing July 30, 2026. Delivery is expected in book-entry form on or about July 7, 2026. The notes are senior unsecured obligations, will be issued in minimum denominations of €100,000, and Realty Income intends to apply to list the notes on the NYSE, subject to approval. Net proceeds are for general corporate purposes, which may include repayment of indebtedness, hedging, property investment, acquisitions and portfolio improvements.
Realty Income Corporation is offering Euro-denominated senior notes due 2032 under a preliminary prospectus supplement. The supplement describes interest payable annually, optional redemptions (including for changes in U.S. taxes), payment in Euro (with fallback to U.S. dollars in limited circumstances), and listing plans on the NYSE.
The company reports a 15,571-property portfolio (as of March 31, 2026), 347.6 million square feet leased to 1,786 clients and $5.23 billion of annualized base rent. Liquidity at Pro-Rata Share was approximately $4,011.5 million as of June 25, 2026. Debt covenant metrics shown: total Debt 41.4% of Adjusted Total Assets; Secured Debt 0.2%; debt service coverage 4.7x; Total Unencumbered Assets 242.5% of Unsecured Debt.
Realty Income Corporation has launched a sales agreement to offer up to 150,000,000 shares of its common stock pursuant to a prospectus supplement dated May 7, 2026. The program permits sales through appointed Agents, forward sellers acting for Forward Purchasers, or direct sales to Agents as principal.
The company will receive net proceeds from newly issued shares sold to or through the Agents and may receive contingency premiums from Contingent Forward Purchasers, but it will not receive proceeds from borrowed shares sold by Forward Purchasers through Forward Sellers. Proceeds, if any, are intended for general corporate purposes, including repayment of indebtedness, hedging, property acquisitions, and improvements.
Realty Income Corporation is offering $800,000,000 aggregate principal amount of its 4.750% Notes due 2033, maturing April 15, 2033, with interest accruing from April 7, 2026 and semiannual payments beginning October 15, 2026. Net proceeds are estimated at $780.9 million and are intended for general corporate purposes, including repayment of indebtedness, hedging, property investments and acquisitions.
The notes are senior unsecured obligations subject to covenants that, among other things, limit consolidated Debt to 60% of Adjusted Total Assets, limit Secured Debt to 40% of Adjusted Total Assets and require Total Unencumbered Assets of at least 150% of Unsecured Debt. As of December 31, 2025, Realty Income reported actual covenant metrics of 41.4% total Debt, 0.2% Secured Debt, a pro forma debt service coverage ratio of 4.7x, and Total Unencumbered Assets of 242.7% of Unsecured Debt.
Realty Income Corporation is offering a new series of senior unsecured notes due 2033. The notes will accrue interest and pay semi‑annual coupons, are payable in U.S. dollars and will be issued in book‑entry form. The company describes customary optional redemption terms and covenant tests limiting additional secured and unsecured debt, including a 60% total Debt-to-Adjusted-Total-Assets cap, a 40% Secured Debt cap, a minimum 1.5x debt service coverage requirement and a requirement to maintain Total Unencumbered Assets of at least 150% of Unsecured Debt.
The supplement also discloses recent capital activity and liquidity: $4.5 billion of liquidity as of March 26, 2026, a $862.5 million convertible note issuance in January 2026, a closed $694 million term loan and an anticipated $1.0 billion Apollo partnership for a 49% JV interest in ~500 net‑lease properties.
Realty Income Corporation launched an at-the-market offering program for up to 150,000,000 shares of common stock, to be sold from time to time through multiple agents and via forward sale agreements. Sales may occur on the NYSE or through other permitted methods, with agent or forward selling commissions that generally will not exceed 2.0% of the gross sales price.
The company may also enter into forward sale agreements where forward purchasers or their affiliates borrow and sell shares through designated forward sellers; Realty Income will not receive proceeds from sales of borrowed shares. The company currently expects to physically settle any forward sale agreements and receive cash equal to the forward price times the number of shares delivered, but it may elect cash or net share settlement.
Net proceeds that Realty Income receives from primary issuances or from settlement of forward sales are intended for general corporate purposes, including repaying or repurchasing indebtedness (such as borrowings under revolving credit facilities and commercial paper programs), funding property development and acquisitions, and portfolio improvements. The common stock trades on the NYSE under the symbol “O”.
Realty Income Corporation (NYSE: O) is offering $800.0 million of senior unsecured notes: $400.0 million 3.950% notes due February 1, 2029 and $400.0 million 4.500% notes due February 1, 2033, each accruing interest from October 6, 2025 and paying semiannually beginning February 1, 2026. Net proceeds are expected to be approximately $787.9 million to be used for general corporate purposes, including potential repayment of the outstanding $550.0 million 4.625% notes maturing November 1, 2025, repay borrowings, hedging, and property investment.
The supplement discloses covenant limits on incurrence of additional debt (total Debt ≤60% of Adjusted Total Assets; Secured Debt ≤40%; debt service coverage ≥1.5x; Total Unencumbered Assets ≥150% of Unsecured Debt) and pro forma covenant calculations for the four quarters ended June 30, 2025. As of September 23, 2025, liquidity was stated at $3.6 billion (cash $579.0m, unsettled ATM forward equity $1.1bn, $1.9bn availability under credit facilities net of borrowings).
Realty Income Corporation is offering two series of senior unsecured notes under a preliminary prospectus supplement dated September 25, 2025. The exact principal amounts and interest rates are redacted in this document. The notes will be senior unsecured obligations of Realty Income and may be optionally redeemed at specified prices prior to maturity. The offering is subject to covenants that limit incurrence of total Debt to 60% of Adjusted Total Assets, Secured Debt to 40% of Adjusted Total Assets, require a debt service coverage ratio of at least 1.5x on a four-quarter pro forma basis, and maintenance of Total Unencumbered Assets of at least 150% of Unsecured Debt.
As of June 30, 2025, Realty Income reported a portfolio of 15,606 properties totaling approximately 346.3 million square feet with total portfolio annualized base rent of $5.17 billion. As of September 23, 2025, the company reported $3.6 billion of liquidity comprised of $579.0 million cash, $1.1 billion unsettled ATM forward equity and $1.9 billion net availability under its $4.0 billion revolving credit facilities after borrowings and commercial paper deductions. Net proceeds are intended for general corporate purposes, including repayment of the approximately $550.0 million of 4.625% notes due November 1, 2025, borrowings under credit facilities or commercial paper, hedging, property investment and acquisitions. The prospectus highlights risks including indebtedness, variable interest rate exposure, subsidiary liabilities that effectively subordinate the notes, market liquidity risk for the new notes and general real estate and tenant concentration risks.