Realty Income Completes $862.5 million Senior Notes Offering to Strengthen Financial Position

Realty Income Completes $862.5 Million Senior Notes Offering

On January 8, 2026, Realty Income Corporation, known for its reliable monthly dividends, announced the successful closing of its private offering of convertible senior notes. This offering, valued at $862.5 million, is tailored for institutional investors and is set to mature in 2029. The offering was conducted under Rule 144A of the Securities Act, ensuring a streamlined process for qualified institutional buyers.

The substantial funds were raised from both the initial offering of $750 million and an additional $112.5 million option that was fully exercised. After accounting for discounts and offering expenses, the net proceeds are expected to be around $845.5 million. This financial maneuver is part of Realty Income's strategy to leverage its capital for various corporate objectives.

Strategic Use of Proceeds

Realty Income's management has outlined that the majority of these proceeds will be employed for essential corporate purposes. This includes the potential repayment of existing debts, particularly the $500 million in senior notes set to mature soon, alongside supporting ongoing investments in property developments, acquisitions, and enhancements within its portfolio. The company's proficiency in real estate investment underscores its commitment to maintaining a sustainable business model that provides reliable returns for its shareholders.

Additionally, Realty Income utilized approximately $101.9 million of the proceeds to repurchase around 1.8 million shares of its common stock, reflecting the company's proactive approach towards capital management—enhancing shareholder value by reducing outstanding shares.

About Realty Income

Founded in 1969, Realty Income Corporation has established a strong foothold in the real estate market, recognized as 'The Monthly Dividend Company®'. As of September 30, 2025, the company manages over 15,500 properties across the U.S., the U.K., and multiple European nations. The dedication to dividend growth is evident through their historical track record—having delivered 133 dividend increases since going public on the NYSE in 1994, confirming their status as a member of the S&P 500 Dividend Aristocrats® index.

The successful completion of this offering signals Realty Income’s robust financial strategies and its unwavering commitment to fostering long-term value creation for its shareholders.

Looking Ahead

The completion of this notes offering not only fortifies Realty Income’s financial standing but also positions it strategically for future growth and stability. As the company navigates through market fluctuations, its sound debt and equity strategies will be crucial in continuing to deliver on its promise of dependable monthly dividends. Investors will be keenly observing how these funds are allocated and the potential implications on Realty Income’s portfolio and dividend policy moving forward.

This press release does not constitute an offer or solicitation to sell the notes or shares, nor does it indicate any promise regarding the effectiveness of executing the aforementioned strategies. Realty Income remains committed to keeping its stakeholders informed about future developments as they unfold.

For further details about Realty Income, investors are encouraged to visit their official website or contact investor relations directly.