Financing ·
Realty Income Corporation announced on August 11, 2026, a proposed private offering of $750.0 million aggregate…
ORealty Income Corp
Realty Income Corporation announced on August 11, 2026, a proposed private offering of $750.0 million aggregate principal amount of Convertible Senior Notes due 2031, with an option to issue up to an additional $112.5 million. The company also reported investing approximately $2.6 billion during the three months ended June 30, 2026, achieving a pro-rata share of $2.1 billion at an initial weighted average cash yield of 7.3%. Net proceeds from the note offering are intended for general corporate purposes, including potential debt repayment and property acquisitions, while concurrent capped call transactions and share repurchases are expected to mitigate dilution. Realty Income Corporation is a real estate investment trust that owns and operates a portfolio of over 15,500 commercial properties.