Realty Income Announces Pricing of $875 Million Convertible Senior Notes Offering

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The notes will accrue interest at a rate of 3.750% per annum, payable semi-annually. Noteholders will have the right to convert their notes into shares of Realty Income's common stock at an initial conversion rate of 13.7512 shares per $1,000 principal amount of notes, representing a premium of approximately 17.5% over the last reported sale price. Realty Income intends to use the net proceeds for general corporate purposes, including share repurchases, debt repayment, and property acquisitions.

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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.