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Realty Income's Dividend Tax Calculation for 2024

On January 28, 2025, Realty Income Corporation (NYSE: O), a prominent real estate investment trust known for its monthly dividends, published its final calculations for the dividend tax status relating to common stock distributions in 2024. This announcement is significant for both Realty Income shareholders and those invested in Spirit Realty Capital, Inc. (formerly NYSE: SRC).

Breakdown of Dividend Distributions

Realty Income's calculations reveal intriguing insights regarding dividend distributions for the year. For 2024, Realty Income declared a total common distribution of $3.1255000 per share. The components break down as follows:

• - Ordinary Income Dividend: $2.1759803 (69.620%)
• - Non-taxable Distribution (Return of Capital): $0.9495197 (30.380%)

In contrast, for Spirit Realty Capital, the figures indicate a total common stock distribution of $0.6696000 per share. Notably, this entire amount is classified as a non-taxable distribution, showcasing a 100% return of capital.

• - Non-taxable Distribution: $0.6696000 (100%)

Preferred Stock Distribution

Furthermore, Realty Income also provided the distribution details for its 6.00% Series A Cumulative Redeemable Preferred Stock. In 2024, total distributions paid in this category amounted to $1.1250000, with the ordinary income portion accounting for the full amount:

• - Ordinary Income Portion of Dividend: $1.1250000 (100%)

Impact on Shareholders

The differential between taxable and non-taxable distributions can have significant ramifications for investors as it influences overall tax liability. Realty Income recommends that shareholders consult with their tax advisors to understand the specific tax implications of receiving dividends from their investments in both Realty Income and Spirit Realty Capital stocks.

About Realty Income Corporation

Founded in 1969, Realty Income Corporation has become a stalwart in the real estate investment sector. The company invests in diverse commercial properties and operates a portfolio exceeding 15,450 properties across the United States and other international markets. Renowned as “The Monthly Dividend Company®,” Realty Income has consistently delivered reliable monthly dividends to its shareholders, having declared 655 consecutive monthly dividends and ranked among the S&P 500 Dividend Aristocrats® due to its commitment to increasing dividends for 30 consecutive years.

Realty Income’s investment philosophy prioritizes long-term growth and stability, making it a viable option for income-focused investors seeking dependable returns. To learn more about Realty Income's opportunities and distributions, you can visit www.realtyincome.com.

As the landscape for dividend distributions continues to evolve, Realty Income Corporation’s clear communication surrounding tax allocations reflects its commitment to shareholder transparency and engagement. Investors are encouraged to stay informed on updates and advisory notes as the market dynamics shift.