Realty Income issues notes and refreshes ATM stock program

Realty Income Corporation (NYSE: O) disclosed a series of capital markets activities, according to a company statement.

On April 7, 2026, the company issued $800.0 million in 4.750% senior unsecured notes due April 2033. The notes were priced at 98.261% of their principal amount, reflecting an effective semi-annual yield to maturity of 5.047%. In connection with the offering, Realty Income executed a $500 million U.S. Dollar-to-Euro seven-year cross-currency swap, generating approximately €436 million in proceeds at a blended coupon rate of 4.16%.

On May 7, 2026, the company replaced its prior at-the-market equity program with a new ATM program allowing the offer and sale of up to 150.0 million shares of common stock. The shares may be sold through a consortium of banks acting as sales agents or as forward sellers on behalf of forward purchasers, via ordinary brokers' transactions on the NYSE at prevailing market or negotiated prices.

The company also holds a $4.0 billion unsecured revolving credit facility, with an additional $1.0 billion expansion option subject to lender commitments, and a fund credit facility comprising a $1.0 billion unsecured revolving credit facility and a $380.0 million unsecured delayed draw term loan facility, with a $620.0 million expansion option also subject to lender commitments.

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