Realty Income Announces Proposed Convertible Senior Notes Offering

Details

The notes will be senior, unsecured obligations of Realty Income, with interest payable semi-annually in arrears. Realty Income also expects to grant the initial purchasers of the notes an option to purchase up to an additional $112.5 million aggregate principal amount of notes. The company intends to use a portion of the net proceeds from this offering to repurchase shares of its common stock concurrently with the pricing of the offering and for general corporate purposes. Additionally, Realty Income provided updates on its acquisition activity, investing approximately $2.6 billion in properties, properties under development or expansion, unconsolidated entities, and loans at an initial weighted average cash yield of approximately 7.3% during the three months ended June 30, 2026.

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About Realty Income Corporation

Realty Income Corporation is a real estate investment trust specializing in net-lease commercial properties across the United States, the United Kingdom, and multiple countries in Europe. The company focuses on free-standing, single-tenant assets, often under long-term triple-net lease structures, where tenants are responsible for property taxes, insurance, and maintenance. Its portfolio spans retail, industrial, distribution, manufacturing, gaming, and select office properties, serving a broad range of corporate and institutional tenants across numerous industries. Realty Income operates as a full-service real estate capital provider, offering sale-leaseback and structured transaction solutions to large, often investment-grade, occupiers seeking stable, long-duration occupancy. This model positions Realty Income as an important player in the net-lease and income-oriented real estate segment, providing predictable rental income from a geographically diversified property base. Founded in 1969 and headquartered in San Diego, California, Realty Income is recognized within the real estate sector for its focus on consistent cash flow from operations and its emphasis on long-term, contractual rental streams.