#United States #San Diego #Senior Notes #Public Offering #Realty Income

Realty Income Corporation's $800 Million Senior Notes Offering

On March 30, 2026, Realty Income Corporation (NYSE: O), widely recognized as The Monthly Dividend Company®, announced the pricing of an extensive public offering of senior unsecured notes totaling $800 million. These notes are set to mature on April 15, 2033, and were priced at 98.261% of their principal amount, resulting in an effective yield to maturity of 5.047%.

As part of this offering, Realty Income has engaged in a $500 million U.S. Dollar-to-Euro cross currency swap with a seven-year term. This financial maneuver is anticipated to yield approximately €436 million, with an effective fixed-rate, Euro-denominated yield to maturity of around 4.07%, augmented by a coupon rate of 3.81%. When considering the effects of the swap, Realty Income is on track to achieve an effective blended yield to maturity of approximately 4.44% and a blended coupon rate of 4.16% for its new offering.

The net proceeds from the notes will be directed towards various corporate purposes. This could encompass areas such as the repayment or repurchase of existing debts, deployment of funds to foreign currency swaps or other hedging strategies, and investments in the development, redevelopment, and acquisition of new properties. Furthermore, these funds may assist in facilitating business combination transactions to enhance Realty Income's portfolio and operational capacity.

The closing of this offering is projected to occur on April 7, 2026, once customary closing conditions are met. Wells Fargo Securities, BBVA, BofA Securities, J.P. Morgan, and TD Securities are the active joint book-running managers overseeing this significant offering.

In compliance with the Securities Act of 1933, as amended, these securities will only be available through the prospectus that is part of the effective registration statement. Interested investors can acquire a copy of the prospectus supplement by contacting relevant parties involved in the offering as specified in the official announcement.

About Realty Income Corporation

Founded in 1969, Realty Income Corporation has established itself as a robust player in the real estate investment sector. As of the end of 2025, it boasts a diverse portfolio of over 15,500 properties located across all 50 U.S. states, the U.K., and multiple European nations. The company has a notable reputation for its commitment to delivering reliable monthly dividends, having provided 669 consecutive monthly dividends to its shareholders. This track record has earned Realty Income a listing among the S&P 500 Dividend Aristocrats®, recognized for its sustained dividend growth for over 31 consecutive years.

As Realty Income moves forward with its strategic endeavors, including this significant new offering, it illustrates the company's ongoing commitment to provide stable returns for its investors while expanding its operational footprint across critical real estate markets.