Includes Establishment of $1.38 Billion Credit Facility for U.S. Core Plus Fund SAN DIEGO , April 29, 2025 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, announced that it has closed on the recast and expansion of aggregate $5.38 billion multi-currency unsecured credit facilities. Included in the total capacity is a newly established $1.38 billion unsecured credit facility for Realty Income U.S. Core Plus Fund, LP, Realty Income's open-end, perpetual life private capital vehicle.
Since my last writing, Realty Income Corporation's latest dividend declaration and FQ1 earnings revisions have made it a strong candidate as an equity bond. The cash dividend yield is 5.7%, but the AFFO yield is more than 7%. Dividend yields underestimate O's attractiveness as an equity bond for long-term investors, and AFFO yield is a better metric.
With a broad tenant portfolio, O provides growth and dividends. However, could tariffs, inflation and elevated rates impact its long-term performance?
![]() 0KUE 4 weeks ago | Other | $0.27 Per Share |
![]() 0KUE 2 months ago | Other | $0.27 Per Share |
![]() 0KUE 2 months ago | Other | $0.26 Per Share |
![]() 0KUE 3 months ago | Other | $0.26 Per Share |
![]() 0KUE 4 months ago | Other | $0.26 Per Share |
5 May 2025 (6 Days) Date | | - Cons. EPS | - EPS |
18 Feb 2025 Date | | - Cons. EPS | - EPS |
4 Nov 2024 Date | | - Cons. EPS | 0.31 EPS |
5 Aug 2024 Date | | - Cons. EPS | 0.3 EPS |
31 Jul 2024 Date | | - Cons. EPS | - EPS |
![]() 0KUE 4 weeks ago | Other | $0.27 Per Share |
![]() 0KUE 2 months ago | Other | $0.27 Per Share |
![]() 0KUE 2 months ago | Other | $0.26 Per Share |
![]() 0KUE 3 months ago | Other | $0.26 Per Share |
![]() 0KUE 4 months ago | Other | $0.26 Per Share |
5 May 2025 (6 Days) Date | | - Cons. EPS | - EPS |
18 Feb 2025 Date | | - Cons. EPS | - EPS |
4 Nov 2024 Date | | - Cons. EPS | 0.31 EPS |
5 Aug 2024 Date | | - Cons. EPS | 0.3 EPS |
31 Jul 2024 Date | | - Cons. EPS | - EPS |
REIT - Retail Industry | Real Estate Sector | Mr. Sumit Roy CEO | LSE Exchange | US7561091049 ISIN |
US Country | 418 Employees | 1 Apr 2025 Last Dividend | 15 Nov 2021 Last Split | 18 Oct 1994 IPO Date |
Realty Income, known as The Monthly Dividend Company, is a prominent member of the S&P 500 and the S&P 500 Dividend Aristocrats index, setting a high standard in the real estate investment trust (REIT) sector. In its commitment to delivering dependable, increasing monthly dividends, Realty Income invests in both people and places. Operating for over 55 years, the company has managed to declare 644 consecutive monthly dividends on its common stock and has increased its dividend 123 times since its public listing in 1994. This exemplary performance is underpinned by the company's acquisition of more than 15,450 real estate properties, which are primarily leased to commercial clients under long-term net lease agreements. This robust portfolio of properties, including those acquired in the Spirit merger in January 2024, provides a strong and stable cash flow which supports the company’s monthly dividend payments to its shareholders.
At the core of Realty Income's offerings is its commitment to providing shareholders with reliable, monthly dividends. This unique investment approach distinguishes Realty Income in the real estate sector, appealing to investors looking for regular income. The dividends, supported by the consistent cash flow from its extensive real estate portfolio, have seen an increase over time, showcasing the company’s robust financial health and dedication to shareholder value.
Realty Income's real estate assets are primarily leased under long-term net lease agreements. These agreements typically require the tenant to pay most, if not all, of the property expenses that normally would be paid by the property owner. Such expenses include real estate taxes, insurance, and maintenance. This leasing strategy significantly reduces Realty Income's operational risks and generates a steady, predictable revenue stream, which in turn supports its monthly dividend payments.
Structured as a Real Estate Investment Trust (REIT), Realty Income benefits from a favorable tax treatment, as it is required to distribute at least 90% of its taxable income to shareholders in the form of dividends. This structure aligns with Realty Income's commitment to maximize shareholder returns through regular dividend payments. The REIT status also allows investors to gain exposure to real estate, diversifying their investment portfolios without the need to directly manage properties.