Realty Income Corp to Issue €1.3 Billion in Notes

Realty Income (NYSE:O) Corporation, a real estate investment trust, announced on Wednesday that it has entered into an agreement to issue €1.3 billion in notes. The firm will offer €650 million in 3.375% notes due 2031 and another €650 million in 3.875% notes due 2035. The transaction is expected to close on June 20, 2025, with customary closing conditions.

The agreement was made with BNP PARIBAS, Banco Bilbao (NYSE:BBVA) Vizcaya Argentaria, S.A., Citigroup (NYSE:C) Global Markets Limited, RBC Europe Limited, and Wells Fargo (NYSE:WFC) Securities International Limited, acting as representatives of the underwriters. This financial move comes as part of the company’s growth strategy, which includes acquiring and developing properties, as well as managing its existing portfolio.

Realty Income Corp (BVMF:R1IN34), based in San Diego, California, is known for its long-term leases of freestanding, single-tenant properties. With a substantial market capitalization of $52.32 billion, the company has a diverse portfolio with properties across various industries and clients. The company has demonstrated strong financial performance, maintaining an impressive 92.69% gross profit margin and delivering 22.95% revenue growth over the last twelve months. The issuance of these notes is part of the company’s broader financial strategy to ensure liquidity and fund its operations and growth.

The company also highlighted that this report contains forward-looking statements. These statements reflect management’s current views with respect to future events and financial performance, including the company’s plans to acquire or dispose of properties, its anticipated operations, and the payment of dividends. According to InvestingPro analysis, Realty Income has maintained dividend payments for 32 consecutive years, currently offering a 5.58% dividend yield. The company’s strong liquidity position is evidenced by its current ratio of 1.28, indicating sufficient assets to cover short-term obligations. However, actual results could differ materially from those projected in the forward-looking statements due to various risks and uncertainties, including changes in economic conditions, interest rates, and regulatory environments.

Investors and interested parties are reminded that this news is based on the company’s SEC filing and contains forward-looking statements that involve risks and uncertainties. Realty Income Corp has specified that it does not undertake any obligation to update these statements in the future. For a comprehensive analysis of Realty Income’s financial health and future prospects, InvestingPro subscribers can access detailed research reports, including 8 additional ProTips and extensive financial metrics that help make informed investment decisions.

This news is based on a press release statement.

In other recent news, Realty Income Corporation reported its Q1 2025 earnings, revealing an earnings per share (EPS) of $0.28, which did not meet the forecasted $0.35. However, the company exceeded revenue expectations with $1.38 billion, surpassing the anticipated $1.27 billion. Realty Income also announced a slight increase in its monthly cash dividend to $0.2690 per share, marking the 131st dividend increase since its NYSE listing. Additionally, the company disclosed a liquidity position of $4.6 billion as of June 6, 2025, including $687.4 million in cash and $3.2 billion available from its credit facilities. Realty Income amended its 2021 Incentive Award Plan for non-employee directors, aligning their interests with stockholders by basing share awards on stock price. The amendment was approved by stockholders during the Annual Meeting, which also confirmed the election of 10 directors. These developments provide insights into Realty Income’s financial health and strategic direction, as the company continues to focus on portfolio growth and market expansion.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.