REALTY INCOME CORP Updates Securities Filings
Ticker: O · Form: 8-K · Filed: Feb 16, 2024 · CIK: 726728
| Field | Detail |
|---|---|
| Company | Realty Income CORP (O) |
| Form Type | 8-K |
| Filed Date | Feb 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, equity, securities-filing
TL;DR
**REALTY INCOME CORP just filed an 8-K detailing its outstanding stock and debt, nothing major, just a routine update on their capital structure.**
AI Summary
REALTY INCOME CORP filed an 8-K on February 16, 2024, disclosing various financial instruments including common stock, Series 6.000% A Cumulative Redeemable Preferred Stock, and a range of notes with interest rates from 1.125% to 6.000% and due dates spanning from 2027 to 2042. This filing appears to be a routine update regarding their outstanding securities, indicating no immediate major corporate actions like acquisitions or earnings releases.
Why It Matters
This filing provides transparency on REALTY INCOME CORP's outstanding debt and equity instruments, which is crucial for investors assessing the company's capital structure and financial health.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of existing securities and does not indicate any new material events or significant changes in the company's operations or financial position.
Key Numbers
- 1.125% — Lowest Note Interest Rate (Interest rate on Notes Due 2027)
- 6.000% — Highest Note Interest Rate (Interest rate on Notes Due 2039 and Preferred Stock)
- 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
- Series 6.000% A Cumulative Redeemable Preferred Stock (company) — security type
- Notes 1.125% Due 2027 (company) — debt instrument
- Notes 6.000% Due 2039 (company) — debt instrument
- 2024-02-16 (date) — filing date
FAQ
What is the purpose of this 8-K filing by REALTY INCOME CORP?
This 8-K filing by REALTY INCOME CORP on February 16, 2024, is an 'Other Events' and 'Financial Statements and Exhibits' disclosure, likely a routine update regarding their outstanding securities, including common stock, preferred stock, and various notes.
What types of securities are mentioned in the filing?
The filing mentions Common Stock, Series 6.000% A Cumulative Redeemable Preferred Stock, and several series of notes with varying interest rates and maturity dates, such as Notes 1.125% Due 2027, Notes 1.875% Due 2027, Notes 1.625% Due 2030, Notes 4.875% Due 2030, Notes 5.750% Due 2031, Notes 1.750% Due 2033, Notes 5.125% Due 2034, Notes 6.000% Due 2039, and Notes 2.500% Due 2042.
What is the range of interest rates for the notes listed?
The notes listed in the filing have interest rates ranging from 1.125% (for Notes Due 2027) to 6.000% (for Notes Due 2039).
What are the earliest and latest maturity dates for the notes disclosed?
The earliest maturity date for the notes disclosed is 2027, and the latest maturity date is 2042.
When was this 8-K filed?
This 8-K was filed on February 16, 2024, with the Conformed Period of Report also being February 16, 2024.
Filing Stats: 744 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-02-16 17:26:15
Key Financial Figures
- $0.01 — e On Which Registered Common Stock, $0.01 Par Value O New York Stock Exchange
Filing Documents
- tm246284d8_8k.htm (8-K) — 46KB
- tm246284d8_ex5-1.htm (EX-5.1) — 19KB
- tm246284d8_ex5-2.htm (EX-5.2) — 19KB
- tm246284d8_ex5-1img001.jpg (GRAPHIC) — 22KB
- tm246284d8_ex5-1img002.jpg (GRAPHIC) — 3KB
- 0001104659-24-025014.txt ( ) — 392KB
- o-20240216.xsd (EX-101.SCH) — 5KB
- o-20240216_def.xml (EX-101.DEF) — 30KB
- o-20240216_lab.xml (EX-101.LAB) — 41KB
- o-20240216_pre.xml (EX-101.PRE) — 28KB
- tm246284d8_8k_htm.xml (XML) — 14KB
01Other Events
Item 8.01Other Events Filing of Shelf Registration Statement and Prospectus Supplements On February 16, 2024, Realty Income Corporation (the "Company") filed with the Securities and Exchange Commission (the "SEC") a shelf registration statement on Form S-3 (File No. 333-277150) (the "Registration Statement"), which became immediately effective upon filing. On February 16, 2024, the Company also filed with the SEC a prospectus supplement, dated February 16, 2024, to the prospectus included in the Registration Statement in connection with the Company's existing Dividend Reinvestment and Stock Purchase Plan (the "DRIP prospectus supplement"). On February 16, 2024, the Company also filed with the SEC a prospectus supplement, dated February 16, 2024, to the prospectus included in the Registration Statement in connection with the offer and sale from time to time of up to 1,738,767 shares of common stock, par value $0.01 per share, of the Company by selling stockholders which may receive such shares upon redemption of units of limited partnership interest in Realty Income, L.P (the "Unit Exchange prospectus supplement"). In connection with the filing of the DRIP prospectus supplement, the Company is filing as Exhibit 5.1 hereto an opinion of its counsel, Venable LLP, regarding the validity of the securities being registered under the DRIP prospectus supplement. In connection with the filing of the Unit Exchange prospectus supplement, the Company is filing as Exhibit 5.2 hereto an opinion of its counsel, Venable LLP, regarding the validity of the securities being registered under the Unit Exchange prospectus supplement.
01 Financial Statements
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 5.1 Opinion of Venable LLP. 5.2 Opinion of Venable LLP. 23.1 Consent of Venable LLP (included in Exhibit 5.1) 23.2 Consent of Venable LLP (included in Exhibit 5.2) 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 16, 2024 REALTY INCOME CORPORATION By: /s/ Bianca Martinez Bianca Martinez Senior Vice President, Associate General Counsel and Assistant Secretary