Product Code Database
Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to . The company is organized in Maryland with its headquarters in San Diego, California.
The company is one of a few real estate investment trusts that pays monthly, rather than quarterly, and has registered a trademark for the phrase "The Monthly Dividend Company".
The company's largest tenants are as follows:
The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term.
In 1994, the company became a public company via an initial public offering.
In 1997, William E. Clark, Jr., retired as CEO and was succeeded by Thomas A. Lewis. In 2013, John P. Case succeeded Mr. Lewis as CEO of the company.
In 2009, Clark retired as chairman.
In 2013, the company acquired American Realty Capital Trust, founded by Nicholas Schorsch, in a $2.95 billion transaction.
In 2015, the company was added to the S&P 500 and the S&P High Yield Dividend Aristocrats index.
In 2018, Sumit Roy became the company's CEO.
In 2019, the company completed a sale-leaseback transaction for 12 properties of the United Kingdom supermarket chain Sainsbury's. This was the company's first purchase of property outside the United States.
On November 1, 2021, the company acquired VEREIT.
On December 1, 2022, the company completed a $1.7 billion sale-leaseback of Encore Boston Harbor.
On August 2, 2023, the company announced a $950 million investment in Bellagio Las Vegas.
On January 23, 2024, the company completed the $9.3 billion acquisition of Spirit Realty Capital.
1 Dollar General 3.4%
2 Walgreens 3.3%
3 Dollar Tree 3.1%
4 7-Eleven 2.6%
5 EG Group 2.2%
6 Wynn Resorts 2.1%
7 Life Time Fitness 2.0%
8 FedEx 2.0%
9 BJ's Wholesale Club 1.6%
10 (B&Q) Kingfisher 1.6%
History
Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. Its first acquisition was a Taco Bell restaurant in early 1970.
External links
Categories: Www.realtyincome.com Official, 1969 Establishments In California, Companies Based In San Diego County, California, Companies Listed On The New York Stock Exchange, Companies In The S&p 500 Dividend Aristocrats, Real Estate Companies Established In 1969, Real Estate Investment Trusts Of The United States, 1994 Initial Public Offerings
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