Realty Income Details Outstanding Debt & Preferred Stock

TL;DR

**Realty Income filed an 8-K updating its outstanding debt and preferred stock as of February 12, 2024, including notes due as late as 2042.**

AI Summary

Realty Income Corp (O) filed an 8-K on February 14, 2024, for the period ending February 12, 2024, detailing its outstanding capital structure. The filing lists Common Stock, 6.000% Series A Cumulative Redeemable Preferred Stock, and various Notes with interest rates ranging from 1.125% to 6.000% and maturity dates spanning from 2027 to 2042. It also indicated items related to officer changes and Regulation FD disclosure, though specific details were not provided in the excerpt.

Why It Matters

This filing provides a transparent overview of Realty Income's current debt and equity structure, which is crucial for investors to assess the company's financial leverage and future obligations.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of existing financial instruments and capital structure, not indicating new significant risks or events.

Key Numbers

• 6.000% — Preferred Stock Rate (Interest rate for Series A Cumulative Redeemable Preferred Stock)
• 1.125% — Lowest Note Rate (Interest rate for Notes due 2027)
• 6.000% — Highest Note Rate (Interest rate for Notes due 2039)
• 2027 — Earliest Note Maturity (Maturity year for 1.125% and 1.875% Notes)
• 2042 — Latest Note Maturity (Maturity year for 2.500% Notes)

Key Players & Entities

• REALTY INCOME CORP (company) — Filer of the 8-K
• 6.000% Series A Cumulative Redeemable Preferred Stock (financial_instrument) — Outstanding preferred stock
• 1.125% Notes (financial_instrument) — Outstanding debt due 2027
• 2.500% Notes (financial_instrument) — Outstanding debt due 2042
• February 12, 2024 (date) — Conformed Period of Report
• February 14, 2024 (date) — Filed As Of Date

FAQ

Key Financial Figures

• $0.01 — e On Which Registered Common Stock, $0.01 Par Value O New York Stock Exchange
• $35,000 — bson will also receive an annual fee of $35,000 for serving on the Board. There are no

Filing Documents

• tm246281d1_8k.htm (8-K) — 50KB
• tm246281d1_ex99-1.htm (EX-99.1) — 13KB
• tm246281d1_ex99-1img001.jpg (GRAPHIC) — 12KB
• tm246281d1_ex99-1img002.jpg (GRAPHIC) — 16KB
• 0001104659-24-023823.txt ( ) — 380KB
• o-20240212.xsd (EX-101.SCH) — 5KB
• o-20240212_def.xml (EX-101.DEF) — 30KB
• o-20240212_lab.xml (EX-101.LAB) — 45KB
• o-20240212_pre.xml (EX-101.PRE) — 28KB
• tm246281d1_8k_htm.xml (XML) — 14KB

02 Departure of

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Departure of Ronald L. Merriman as Director On February 12, 2024, Ronald L. Merriman, a member of the Board of Directors (the "Board") of Realty Income Corporation (the "Company") notified the Board of his decision to retire and not stand for reelection at the Company's 2024 annual meeting of stockholders. Mr. Merriman's resignation was not the result of any disagreement with management, the Company or its operations, policies or practices. He intends to continue to serve on the Board and on the Company's Audit and Nominating/Corporate Governance Committees until the expiration of his current term at the 2024 annual meeting. Mr. Merriman has served on the Company's Board since July 2005. Appointment of Jeff A. Jacobson as Director On February 12, 2024, the Board appointed Jeff A. Jacobson to the Board, effective as of February 21, 2024, to serve as a director on the Board until the Company's 2024 annual meeting of stockholders and until his successor is duly elected and qualified. The Company's Board has affirmatively determined that Mr. Jacobson is "independent" after applying the Company's categorical standards contained in its Corporate Governance Guidelines and under the applicable New York Stock Exchange ("NYSE") rules. With Mr. Jacobson's appointment, the total number of directors on the Board will be 12, which will be reduced to 11 upon Mr. Merriman's retirement. Mr. Jacobson is expected to serve on the Audit Committee following his appointment to the Board. Pursuant to the terms of the Company's 2021 Incentive Award Plan (the "Incentive Award Plan"), as amended, upon election to the Board, Mr. Jacobson automatically will receive a grant of 4,000 restricted shares of the Company's common stock, which will vest as to one-third of the restricted shares on each of the first three anniversaries of the

01 Regulation of FD Disclosure

Item 7.01 Regulation of FD Disclosure. On February 14, 2024, the Company issued a press release announcing the anticipated retirement of Mr. Merriman as a director, and the anticipated appointment of Mr. Jacobson as a director. A copy of this press release is furnished herewith as Exhibit 99.1.

01 Financial Statements

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release, dated February 14, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 14, 2024 REALTY INCOME CORPORATION By: /s/ Bianca Martinez Bianca Martinez Senior Vice President, Associate General Counsel and Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR