NYSE:ORetail REITs
Realty Income’s US$750 Million Convertible Notes And Buyback Might Change The Case For Investing In O
In early January 2026, Realty Income Corporation completed a US$750,000,000 private Rule 144A offering of 3.500% senior unsecured, callable and convertible notes due January 15, 2029, priced at 100% of principal.
The transaction not only adds flexible, unsecured capital for debt repayment and property growth but also includes a concurrent repurchase of about 1.8 million shares, reflecting management’s willingness to balance funding needs with equity dilution.
We’ll now examine how this...