Realty Income Corp. (O), said that in addition to the upsized 15 million common stock offering that closed Monday, an additional 2.25 million shares were purchased by the underwriters upon the exercise of their over-allotment option.
As a result, the company sold a total of 17.25 million shares in the offering, resulting in net proceeds, after certain expenses, of about $756 million.
The company expects to use the proceeds to repay borrowings under its $1 billion acquisition credit facility, and any remaining proceeds will be used for other general purposes and working capital, including acquisitions and the repayment of debt.
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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.