Realty Income Corporation Completes $600 Million Debt Offering

SAN DIEGO — Realty Income Corporation has officially closed its public offering of $600 million aggregate principal amount of 5.125% Notes due 2035. The offering was completed under a purchase agreement executed on April 1, 2025, with a syndicate of underwriters led by Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, Mizuho Securities USA, and TD Securities (USA).

The notes were issued under the Company’s existing indenture dated October 28, 1998, and further established by an Officers’ Certificate dated April 10, 2025. The issuance supports Realty Income's strategy to bolster its financial flexibility and fund general corporate purposes, which may include property acquisitions and debt refinancing.

Key Terms of the Offering:

Issuer: Realty Income Corporation

Principal Amount: $600,000,000

Coupon Rate: 5.125%

Maturity: 2035

Legal opinions related to the issuance were provided by Venable LLP and Latham & Watkins LLP. Additional documentation, including the form of the notes and related consents, has been filed with the Securities and Exchange Commission.

Realty Income Corporation, a member of the S&P 500, is known for its consistent monthly dividend payments and its diversified portfolio of high-quality real estate under long-term net lease agreements.

- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that it has declared its 658th consecutive common stock monthly dividend. The dividend amount of $0.2685 per share, representing an annualized amount of $3.222 per share, is payable on May 15, 2025 to stockholders of record as of May 1, 2025.

Realty Income to Issue $600 Million in 5.125% Notes Due 2035
San Diego, CA – April 1, 2025 – Realty Income Corporation (NYSE: O) announced that it has entered into a purchase agreement to issue and sell $600 million in 5.125% Notes due 2035. The offering is expected to close on April 10, 2025, subject to customary conditions.

The agreement was made with a group of underwriters led by Wells Fargo Securities, BofA Securities, J.P. Morgan, Mizuho, and TD Securities.

The update was disclosed under Item 8.01 of a Form 8-K filed with the SEC, which also included cautionary forward-looking statements regarding market risks, funding, and economic conditions.