Realty Income Prices €600M 3.625% Senior Notes Yielding 3.716% Due 2032
O•Realty Income Corp issued €600 million of 3.625% senior unsecured notes maturing July 30, 2032, at 99.518% for an effective yield of 3.716%. Net proceeds will fund debt repayments, property acquisitions, expansions and other general corporate purposes, with closing expected July 7, 2026.
1. Offering Details
Realty Income priced a €600 million offering of 3.625% senior unsecured notes due July 30, 2032, at 99.518% for an effective annual yield to maturity of 3.716%. The public offering closes July 7, 2026, subject to customary conditions.
2. Use of Proceeds
Net proceeds are earmarked for general corporate purposes, including repayment or repurchase of existing indebtedness, funding property acquisitions, redevelopment projects, potential business combinations, and portfolio expansions or improvements.
3. Balance Sheet Impact
The new 10-year debt facility locks in a sub-3.8% fixed rate, which may marginally raise leverage while extending the company’s debt maturity profile and diversifying its funding sources.
4. Company Profile
As of March 31, 2026, Realty Income owns over 15,500 properties across the U.S., U.K. and Europe, has declared 672 consecutive monthly dividends and maintains membership in the S&P 500 Dividend Aristocrats index.
