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Realty Income closes common stock offering

Realty Income Corp. (NYSE: O) announced that a common stock offering was closed Tuesday with the sale of 13.8 million shares. The total net proceeds from the offering, after underwriting discounts and offering expenses payable by the company, is approximately $528.5 million.

Escondido-based Realty Income announced 1.8 million additional shares were purchased by the underwriters upon the exercise of their over-allotment option. This is in addition to the already upsized 12 million share common stock offering.

The net proceeds from the offering will be used to repay borrowings under the company's $1.5 billion acquisition credit facility, which were, and will be, used to fund real estate acquisitions.

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Realty Income Corp.

Company Website

600 La Terraza Blvd.
Escondido, CA 92025

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
O
48.61
  0.1  
+ 0.21%
3,772,121,000
55.54
43.15

Insider Trade Data

Date Insider Shares Type Value
06/22/2015 Mclaughlin, Gregory T 1,780 Sell $81,026
06/22/2015 Mclaughlin, Gregory T 1,780 Sell $81,026
06/08/2015 Israel, Robert J 3,313 Sell $151,967
06/08/2015 Israel, Robert J 3,313 Sell $151,967
06/05/2015 Huskins, Priya Cherian 7,500 Sell $337,500

Realty Income Corp. Executive(s):

Tom Lewis

  • Chief Executive Officer

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NAICS - 531120 - Lessors of Nonresidential Buildings (except Miniwarehouses)