Realty Income Corporation (NYSE: O) announced the pricing of an $800 million public offering of 4.750% senior unsecured notes due April 15, 2033. The notes were priced at 98.261% of principal amount, resulting in an effective yield to maturity of 5.047%.

The company executed a $500 million U.S. Dollar-to-Euro 7-year cross currency swap in conjunction with the offering, expecting to receive approximately €436 million in proceeds. The swap creates an effective fixed-rate, Euro-denominated yield to maturity of approximately 4.07% and coupon rate of 3.81%.

Following the currency swap, Realty Income achieved an effective blended yield to maturity of approximately 4.44% and blended coupon rate of 4.16% across the offering.

The company plans to use net proceeds for general corporate purposes, including debt repayment or repurchase, foreign currency swaps, property development and acquisition, business combinations, and portfolio improvements.

The offering is expected to close on April 7, 2026, subject to customary closing conditions. Wells Fargo Securities, BBVA, BofA Securities, J.P. Morgan, and TD Securities serve as active joint book-running managers.

Realty Income, founded in 1969, operates as a real estate investment trust with over 15,500 properties across all 50 U.S. states, the U.K., and eight European countries as of December 31, 2025. The company has declared 669 consecutive monthly dividends and is a member of the S&P 500 Dividend Aristocrats index.