Realty Income

Jun 09, 2020

107th Common Stock Monthly Dividend Increase Declared by Realty Income

SAN DIEGO, June 9, 2020 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, today announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.2335 per share from $0.233 per share. The dividend is payable on July 15, 2020 to shareholders of record as of July 1, 2020. This is the 107^th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for July's dividend is June 30, 2020. The new monthly dividend represents an annualized dividend amount of $2.802 per share as compared to the current annualized dividend amount of $2.796 per share.

"We remain committed to our company's mission of paying dependable monthly dividends to our shareholders that increase over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend to our shareholders, marking the 107^th increase since our company's public listing in 1994. With the payment of the July dividend, we will have made 600 consecutive monthly dividend payments throughout our 51-year operating history."  

Realty Income Announces Operating Results For Second Quarter And First Six Months Of 2020

https://www.bloomberg.com/press-releases/...-first-six-months-of-2020

For the quarter ended June 30, 2020:

  o Net income per share was $0.31
  o AFFO per share increased 4.9% to $0.86, compared to the quarter ended June
    30, 2019
  o Collected 86.5% of contractual rent across our total portfolio
  o Invested $154.2 million in 32 properties and properties under development
    or expansion, including $58.2 million in two properties in the U.K.
  o Raised $593.9 million through the issuance of 3.250% senior unsecured
    notes due in 2031
  o Raised $98.1 million from the sale of common stock, primarily through our
    At -The-Market (ATM) program

For the month ended July 31, 2020:

  o Collected 91.5% of contractual rent due for the month of July 2020 across
    our total portfolio
  o Raised $378.8 million through the issuance of 3.250% senior unsecured
    notes due 2031

Realty Income Provides Update On Rent Collection

https://www.bloomberg.com/press-releases/...update-on-rent-collection

                                                                  For the
                                    For the        For the
                                    Quarter Ended  Month Ended    Month Ended
                                    June 30, 2020  July 31, 2020
                                                                  August 31,
                                                                  2020
Through September 1, 2020:
Contractual rent collected^(1)      87.8%          92.3%          93.5%
across total portfolio
Contractual rent collected^(1) from 82.6%          90.9%          92.2%
top 20 tenants^(2)
Contractual rent collected^(1) from 99.1%          100.0%         99.9%
investment grade tenants^(3)

108th Common Stock Monthly Dividend Increase Declared By Realty Income

https://www.bloomberg.com/press-releases/...declared-by-realty-income

dividend to $0.2340 per share from $0.2335 per share
...
The new monthly dividend represents an annualized dividend amount of $2.808 per share as compared to the current annualized dividend amount of $2.802 per share.

Realty Income Provides Business Update And Announces Third Quarter 2020 Earnings Release Date

https://www.bloomberg.com/press-releases/...020-earnings-release-date

109th Common Stock Monthly Dividend Increase Declared By Realty Income
https://www.bloomberg.com/press-releases/...declared-by-realty-income

its Board of Directors has declared an increase in the company's common stock monthly cash
dividend to $0.2345 per share from $0.2340 per share.  The
new monthly dividend represents an annualized dividend amount of $2.814 per
share as compared to the current annualized dividend amount of $2.808 per
share.