
Realty Income Corp., founded in 1969 and based in San Diego, California, is a real estate investment trust (REIT) focused on acquiring and managing commercial properties that generate reliable income. The company is known for its commitment to providing monthly dividends to shareholders, primarily investing in retail and commercial properties under long-term lease agreements.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Realty Income began issuing bonds in 1997, providing an additional funding avenue to support its growth strategy. Notable issuances include the $600 million bond offering in 2020, which was part of its response to the COVID-19 pandemic, helping to bolster its liquidity. As of October 2023, Realty Income's bonds yield around 4.5%, competitive within the REIT sector, and the company continually seeks to optimize its capital structure while maintaining a strong investment-grade rating, underscoring its stability and resilience in the market.