Realty Income Details Debt Structure in 8-K Filing

Ticker: O · Form: 8-K · Filed: Feb 20, 2024 · CIK: 726728

Realty Income CORP 8-K Filing Summary
FieldDetail
CompanyRealty Income CORP (O)
Form Type8-K
Filed DateFeb 20, 2024
Risk Levellow
Pages3
Reading Time4 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: debt, financial-condition, regulation-fd

TL;DR

**Realty Income just dropped an 8-K detailing its senior unsecured notes, giving a peek into their long-term debt and interest rates.**

AI Summary

Realty Income Corp. filed an 8-K on February 20, 2024, disclosing information related to its results of operations and financial condition, as well as Regulation FD disclosure. The filing details various senior unsecured notes payable with interest rates ranging from 1.125% to 6.000% and maturity dates extending from July 2027 to January 2042. This includes notes such as the 1.125% due July 2027, 1.875% due January 2027, and 6.000% due 2039, among others.

Why It Matters

This filing provides transparency into Realty Income's long-term debt obligations, which is crucial for investors to assess the company's financial leverage and future interest payment commitments.

Risk Assessment

Risk Level: low — The filing is informational, detailing existing debt, and does not indicate new, unforeseen risks or significant changes.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of this 8-K filing by Realty Income Corp?

The 8-K filing by Realty Income Corp. on February 20, 2024, is to disclose information regarding its results of operations and financial condition, and for Regulation FD disclosure.

What types of debt instruments are mentioned in the filing?

The filing mentions various series of Senior Unsecured Notes Payable, including those with interest rates of 1.125%, 1.875%, 1.625%, 4.875%, 5.750%, 1.750%, 5.125%, 6.000%, and 2.500%.

What are the earliest and latest maturity dates for the senior unsecured notes listed?

The earliest maturity date for the senior unsecured notes listed is July 2027 (for the 1.125% and 1.875% notes), and the latest is January 2042 (for the 2.500% notes).

What is the highest interest rate on the senior unsecured notes detailed in the filing?

The highest interest rate on the senior unsecured notes detailed in the filing is 6.000%, for notes due in 2039.

Where is Realty Income Corp's business address?

Realty Income Corp's business address is 11995 El Camino Real, San Diego, CA 92130.

Filing Stats: 888 words · 4 min read · ~3 pages · Grade level 11.5 · Accepted 2024-02-20 16:18:17

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 20, 2024, Realty Income Corporation (the "Company") issued a press release setting forth its results of operations for the three months and year ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information, including the information contained in the press release, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and is not incorporated by reference into any of the Company's filings, whether made before or after the date hereof, regardless of any general incorporation language in any such filing. Additionally, on February 20, 2024, the Company made available on its website a financial supplement containing operating and financial data of the Company ("Supplemental Operating and Financial Data") for the three months and year ended December 31, 2023, and such Supplemental Operating and Financial Data is furnished as Exhibit 99.2 hereto. The Supplemental Operating and Financial Data included as Exhibit 99.2 to this report is being furnished pursuant to this Item 2.02 of Form 8-K and is also being furnished under Item 7.01—"Regulation FD Disclosure" of Form 8-K, and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into any of the Company's filings, whether made before or after the date hereof, regardless of any general incorporation language in any such filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On February 20, 2024, the Company made available on its website a financial supplement containing operating and financial data of the Company ("Supplemental Operating and Financial Data") for the three months and year ended December 31, 2023, and such Supplemental Operating and Financial Data is furnished as Exhibit 99.2 hereto. The Supplemental Operating and Financial Data included as Exhibit 99.2 to this report is being furnished pursuant to this Item 7.01 of Form 8-K and is also being furnished under Item 2.02—"Results of Operations and Financial Condition" of Form 8-K, and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into any of the Company's filings, whether made before or after the date hereof, regardless of any general incorporation language in any such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press release dated February 20, 2024 99.2 Supplemental Operating and Financial Data for the Three Month s and Year Ended December 31, 2023 104 The Form 8-K cover page, formatted in Inline Extensible Business Reporting Language and included as 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 20, 2024 REALTY INCOME CORPORATION By: /s/ JONATHAN PONG Jonathan Pong Executive Vice President, Chief Financial Officer and Treasurer

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