# Realty Income Corporation

> Realty Income is a publicly traded commercial-property REIT that buys buildings, leases them to businesses on long contracts, and distributes monthly dividends. Its scale, access to debt and equity, and expanding private-capital partnerships support a portfolio spanning the United States and Europe.

- **Founded:** 1969
- **Headquarters:** San Diego, United States
- **Founders:** William (Bill) Clark (Co-founder), Joan Clark (Co-founder)
- **Products:** Sale-leaseback capital, Net-leased property acquisitions, Development and redevelopment, Asset management, Client building services
- **Notable:** Listed on the NYSE as O in 1994., Joined the S&P 500 and Dividend Aristocrats index in 2015., Closed the Spirit Realty Capital all-stock merger on January 23, 2024; announced enterprise value was approximately $9.3 billion.

## Products & services

- **Sale-leaseback capital** — Buys operating properties and leases them back, freeing capital for the seller while creating a rental obligation.
- **Net-leased property acquisitions** — Acquires individual assets and portfolios with existing commercial leases.
- **Development and redevelopment** — Build-to-suit investment, expansion, repositioning and property improvements.
- **Asset management** — Monitors tenant credit, negotiates renewals, re-leases vacancies and sells selected assets.
- **Client building services** — Coordinates LED lighting, HVAC, racking, flooring and other operational improvements, including payment arrangements for some projects.
- **Realty Income Investment Management** — Private-capital platform; its inaugural U.S. Open-End Core Plus Fund raised $1.5 billion of commitments by year-end 2025.

## Achievements

- Listed on the NYSE as O in 1994.
- Joined the S&P 500 and Dividend Aristocrats index in 2015.
- Closed the Spirit Realty Capital all-stock merger on January 23, 2024; announced enterprise value was approximately $9.3 billion.
- Reported 98.8% property occupancy at June 30, 2026.
- Declared its 676th consecutive common-stock monthly dividend on October 13, 2026.

## Latest updates

- **2026-10** — Declared monthly dividend number 676: $0.2715 per common share, payable November 13 to holders of record October 30.
- **2026-09** — Announced the euro-denominated KKR joint venture; approximately €528 million expected gross proceeds. Announcement targeted September 30 closing; closing is not asserted here.
- **2026-08** — Reported Q2 AFFO of $1.09 per share, up 3.8% year over year, and raised 2026 AFFO guidance to $4.44-$4.45 per share.
- **2026-06** — Announced a hyperscale data-center venture with Cloud Capital and a global institutional investor; announced investments include assets under development.

## Links

- Website: https://realtyincome.com
- LinkedIn: https://www.linkedin.com/company/realty-income-corporation
- Twitter/X: https://twitter.com/RealtyIncome
- Facebook: https://facebook.com/realtyincome/

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Last updated: 2026-10-22