Realty Income, GIC Launch $1.5B JV for U.S. Logistics and Mexico Expansion

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Realty Income has formed a joint venture with GIC valued at over $1.5 billion to fund U.S. build-to-suit logistics developments and support portfolio expansion into Mexico. The partnership broadens the company’s capital base for acquiring and developing properties in key North American markets.

1. Record-Breaking Dividend Streak Continues

Realty Income has declared its 667th consecutive monthly dividend, underscoring its commitment as The Monthly Dividend Company®. The board approved a dividend of $0.2700 per share, translating to an annualized yield of $3.240 per share, payable February 13, 2026 to shareholders of record on January 30, 2026. This milestone cements its status as an S&P 500 Dividend Aristocrat, having raised dividends for more than 30 straight years and providing investors with predictable, rising income streams.

2. Scale and Global Footprint Drive Stability

As of September 30, 2025, Realty Income’s diversified portfolio comprised over 15,500 properties across all 50 U.S. states, the U.K. and seven additional European countries. The portfolio spans retail, industrial, office and healthcare sectors, with key tenants that include leading names in retail pharmacy, grocery and specialized logistics. The company’s robust occupancy rate of approximately 98.3% and Weighted Average Lease Term (WALT) of 10.2 years support steady cash flow and reinforce its ability to sustain and grow dividends over economic cycles.

3. Strategic Joint Venture with GIC Accelerates Growth

Realty Income has entered a joint venture valued at more than $1.5 billion with GIC, Singapore’s sovereign wealth fund, targeting build-to-suit logistics assets in the U.S. and expansion into Mexico’s fast-growing industrial market. The partnership will initially deploy $1.1 billion into U.S. distribution hubs with an average expected cap rate of 6.2%, while reserving capacity for opportunistic acquisitions in Mexico, where vacancy rates near record lows and demand from e-commerce firms is rising. This collaboration enhances Realty Income’s capital base and positions it to capture attractive risk-adjusted returns in high-growth logistics corridors.

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