Realty Income Corp. (O) said Tuesday that it has commenced an underwritten public offering of 10 million shares of common stock.
The company also plans to grant the underwriters a 30-day option to purchase up to 1.5 million additional shares of common stock to cover overallotments, if any.
The company said it expects to use the net proceeds from the offering to repay borrowings under its $1.0 billion acquisition credit facility, which were, and will be, used to fund real estate acquisitions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.