#USA #San Diego #Realty Income #investment trust #Dividend Company

Realty Income Corporation Announces €1.3 Billion Note Offering

Realty Income Corporation, widely recognized as The Monthly Dividend Company®, has recently set the pricing for a substantial €1.3 billion dual-tranche offering of euro-denominated senior unsecured notes. This financial maneuver is intended to support the company's growth strategies and facilitate various corporate needs.

Breakdown of the Offering

The public offering comprises two tranches:
1. 2031 Notes: €650 million at a coupon rate of 3.375%, maturing on June 20, 2031. The offering price for these notes is 99.568% of the principal amount, yielding an effective annual yield to maturity of 3.456%.
2. 2035 Notes: €650 million at a coupon rate of 3.875%, maturing on June 20, 2035. The pricing for this tranche is set at 99.552% of the principal amount, providing an effective annual yield to maturity of 3.930%.

Combining these offerings, Realty Income establishes a weighted average tenor of approximately 8.0 years with an overall weighted average annual yield to maturity of around 3.693%.

Use of Proceeds

The capital raised from this offering is earmarked for a variety of corporate purposes. These may include:

• - Repayment of existing indebtedness, including outstanding balances from revolving credit facilities and commercial paper programs.
• - Strategic acquisitions, including the development and redevelopment of properties.
• - Expanding and enhancing certain properties within Realty Income’s expansive portfolio, which comprises over 15,600 properties across the U.S., the U.K., and various European nations.

This move is part of Realty Income’s ongoing commitment to financial strength and operational excellence, ensuring sustained dividend payments to its investors.

Closing and Management

The anticipated closure of this transaction is expected on June 20, 2025, subject to the fulfillment of standard closing conditions. The offering is being managed by a consortium of renowned banks, including BNP PARIBAS, BBVA, Citigroup, RBC Capital Markets, and Wells Fargo Securities. Potential investors can access additional information regarding the offering through the respective managing banks.

Realty Income’s Corporate Profile

Realty Income Corporation, listed on the NYSE under the ticker symbol O, has a strong reputation as a reliable real estate investment trust (REIT). Founded back in 1969, the company has consistently grown, focusing solely on commercial real estate investments. It proudly claims the title of “The Monthly Dividend Company®,” having issued 660 consecutive monthly dividends, showcasing its commitment to deliver stable returns to investors. Furthermore, Realty Income has been recognized as a member of the S&P 500 Dividend Aristocrats® index, having increased its dividends for the past 30 consecutive years.

Outlook and Forward-Looking Statements

While Realty Income Corporation remains optimistic about its future and the wealth of opportunities ahead, stakeholders are urged to consider the inherent risks in the marketplace. Various factors, from economic fluctuations to competitive pressures, could impact projected outcomes. Therefore, the company has issued a forward-looking statement to highlight uncertainties that may affect its future performance and results.

By strategically leveraging this capital through new debt offerings, Realty Income aims not only to strengthen its balance sheet but also to enhance its robust property portfolio, ensuring continued value delivery to its investors in the years to come.