Realty Income Corp. Discloses Debt Issuances

TL;DR

Realty Income Corp. just dropped an 8-K detailing a bunch of debt notes with maturities up to 2042. Check the rates!

AI Summary

On September 25, 2025, Realty Income Corp. filed an 8-K report detailing various debt issuances. These include notes with interest rates ranging from 1.125% to 6.000% and maturity dates spanning from 2027 to 2042. The company is a Real Estate Investment Trust (REIT) based in San Diego, CA.

Why It Matters

This filing provides insight into Realty Income Corp.'s financing activities and its ongoing debt obligations, which are crucial for understanding its financial structure and future capital management.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of debt issuances and does not indicate any immediate operational or financial distress.

Key Numbers

• 1.125% — Lowest Note Interest Rate (Part of debt issuances maturing in 2027)
• 6.000% — Highest Note Interest Rate (Part of debt issuances maturing in 2039)
• 2042 — Latest Maturity Date (Indicates long-term debt obligations)

Key Players & Entities

• Realty Income Corp. (company) — Filer
• 1.125% Due 2027 (dollar_amount) — Note interest rate and maturity
• 6.000% Due 2039 (dollar_amount) — Note interest rate and maturity
• 2.500% Due 2042 (dollar_amount) — Note interest rate and maturity

FAQ

Key Financial Figures

• $0.01 — e On Which Registered Common Stock, $0.01 Par Value O New York Stock Exchange
• $4.0 billion — ing disclosures, (a) references to our "$4.0 billion revolving credit facilities," our "revo
• $1.0 billion — dit facilities (excluding an additional $1.0 billion expansion option, which is subject to o
• $3.6 billion — dity As of September 23, 2025, we had $3.6 billion of liquidity, which consists of cash an
• $579.0 m — onsists of cash and cash equivalents of $579.0 million, unsettled ATM forward equity of
• $1.1 b — illion, unsettled ATM forward equity of $1.1 billion, and $1.9 billion of availability
• $1.9 billion — ATM forward equity of $1.1 billion, and $1.9 billion of availability under our $4.0 billion
• $260.8 million — .0 million in Euro, and after deducting $260.8 million in borrowings under our commercial pape

Filing Documents

• tm2526123d2_8k.htm (8-K) — 57KB
• 0001104659-25-093149.txt ( ) — 330KB
• o-20250925.xsd (EX-101.SCH) — 6KB
• o-20250925_def.xml (EX-101.DEF) — 31KB
• o-20250925_lab.xml (EX-101.LAB) — 42KB
• o-20250925_pre.xml (EX-101.PRE) — 29KB
• tm2526123d2_8k_htm.xml (XML) — 17KB

01 Other Events

Item 8.01 Other Events On September 25, 2025, Realty Income Corporation (the "Company," "Realty Income," "our," "us" or "we," which terms include, unless otherwise expressly stated or the context otherwise requires, its consolidated subsidiaries) provided certain updates with respect to its liquidity matters, as set forth below. Unless as otherwise indicated or the context otherwise requires, for purposes of the following disclosures, (a) references to our "$4.0 billion revolving credit facilities," our "revolving credit facilities" and similar references mean our $4.0 billion unsecured revolving credit facilities (excluding an additional $1.0 billion expansion option, which is subject to obtaining lender commitments and other customary conditions); (b) references to our "commercial paper programs" and similar references mean, collectively, our U.S. Dollar-denominated and our Euro-denominated unsecured commercial paper programs; (c) references to our "clients" mean our tenants; (d) references to "GBP," "Sterling" and "" are to the lawful currency of the United Kingdom; and (e) references to "Euro" and "" are to the lawful currency of the European Union. For purposes of determining the aggregate amount of borrowings outstanding under our revolving credit facility as of any specified date, borrowings denominated in GBP or Euro are translated to U.S. dollars using the applicable exchange rates as in effect as of the applicable time. Liquidity As of September 23, 2025, we had $3.6 billion of liquidity, which consists of cash and cash equivalents of $579.0 million, unsettled ATM forward equity of $1.1 billion, and $1.9 billion of availability under our $4.0 billion revolving credit facilities, net of $1.9 billion of borrowings on our revolving credit facilities, including 1.3 billion denominated in Sterling and 81.0 million in Euro, and after deducting $260.8 million in borrowings under our commercial paper programs, including 221.0 million denominated in Euro.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used herein, the words "estimated," "anticipated," "expect," "believe," "intend," "continue," "should," "may," "likely," "plans," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of our business and portfolio including management thereof; our platform; growth strategies, investment pipeline and intentions to acquire or dispose of properties (including geographies, timing, partners, clients and terms); re-leases, re-development and speculative development of properties and expenditures related thereto; operations and results; the announcement of operating results, strategy, plans, and the intentions of management; our share repurchase program; settlement of shares of common stock sold pursuant to forward sale confirmations under our at-the-market program; dividends, including the amount, timing and payments of dividends; and macroeconomic and other business trends, including interest rates and trends in the market for long-term leases of freestanding, single-client properties.

Forward-looking statements are subject to

Forward-looking statements are subject to risks, uncertainties, and assumptions about Realty Income Corporation which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); volatility and uncertainty in the credit and financial markets; other risks inherent in the real estate business, including our clients' solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments (including rights of first refusal or rights of first offer), and potential damages from natural disasters; impairments in the value of our real estate assets; volatility and changes in domestic and foreign laws and the application, enforcement or interpretation thereof (including with respect to tax laws and rates); property ownership through co-investment ventures, funds, joint ventures, partnerships and other arrangements which, among other things, may transfer or limit our control of the underlying investments; epidemics or pandemics; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; and the anticipated benefits from mergers, acquisitions, co-investment ventures, funds, joint ventures, partnerships and other arrangements; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Those forw