NYSE:ORetail REITs
Realty Income (O) Could Be 10% Undervalued As $5.5b Credit Expansion Lifts Flexibility
Realty Income (O) has just refreshed its balance sheet firepower by recasting and upsizing its multicurrency unsecured revolving credit facilities to $5.5b and lifting combined global commercial paper capacity to $5.5b, with longer maturities and lower borrowing costs.
See our latest analysis for Realty Income.
The expanded credit lines and commercial paper capacity arrive at a time when Realty Income’s share price has delivered an 11.97% year to date share price return and a 15.37% 1 year...