Realty Income Corporation Provides Updates on Capital Raising, Liquidity, and Credit Facility

Summary

On April 1, 2025, Realty Income Corporation announced updates regarding its liquidity position, capital markets activities, and plans to recast its revolving credit facility. As of March 27, 2025, the company reported $3.2 billion in liquidity, which includes cash, unsettled ATM forward equity, and borrowing availability under its revolving credit facility. Realty Income intends to amend its credit agreement to increase its borrowing capacity to up to $5.35 billion, extend the maturity, and separate its credit facilities into those available to the company and those available to its private capital vehicle. The execution of the new facilities is subject to negotiation and uncertainties.