Sign in Subscribe
Stock offerings

Realty Income Corporation Announces Pricing of €1.3 Billion Senior Unsecured Notes Offering

Strategic Insights

— 1 min read

Realty Income Corporation (Realty Income) has announced the pricing of a €1.3 billion senior unsecured notes offering. The company will issue €650 million of 3.375% notes due June 20, 2031, and €650 million of 3.875% notes due June 20, 2035. The notes have a weighted average tenor of approximately 8.0 years and a weighted average annual yield to maturity of 3.693%. The net proceeds from this offering will be used for general corporate purposes, including the repayment or repurchase of indebtedness, property development, and acquisitions. The offering is expected to close on June 20, 2025, subject to customary closing conditions.

Key Takeaways:

  • Realty Income has priced a €1.3 billion senior unsecured notes offering, comprising €650 million 3.375% notes due 2031 and €650 million 3.875% notes due 2035.
  • The weighted average tenor of the notes is approximately 8.0 years, with a weighted average annual yield to maturity of 3.693%.
  • The net proceeds from the offering will be used for general corporate purposes, including debt repayment, property development, and acquisitions.
  • The active joint book-running managers for the offering are BNP PARIBAS, BBVA, Citigroup, RBC Capital Markets, and Wells Fargo Securities.
  • Realty Income has a portfolio of over 15,600 properties in the U.S. and other countries, with a mission to deliver dependable monthly dividends that increase over time.
  • The company has declared 660 consecutive monthly dividends and is a member of the S&P 500 Dividend Aristocrats index.

Statistics:

  • €1.3 billion: total senior unsecured notes offering
  • €650 million: amount of 3.375% notes due 2031
  • €650 million: amount of 3.875% notes due 2035
  • 8.0 years: weighted average tenor of the notes
  • 3.693%: weighted average annual yield to maturity of the notes
  • 15,600+: properties in Realty Income's portfolio
  • 660+: consecutive monthly dividends declared by the company
  • 30: consecutive years of dividend increases for Realty Income
  • 2025: expected closing date of the offering

Sources:

  • "Realty Income Corporation Announces Pricing of Public Offering of Senior Unsecured Notes" (PRNewswire, June 11, 2025)
  • "Realty Income Corporation Reports First Quarter 2025 Earnings" (Realty Income Corporation, April 2025)
  • "Realty Income Corporation Announces 2025 Annual Meeting of Stockholders" (Realty Income Corporation, March 2025)

Read more