Realty Income

REALTY INCOME ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATE

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星期三, 四月 3, 2024
PDT, Realty Income, International, SAN

SAN DIEGO, April 3, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the company will release its operating results for the quarter ended March 31, 2024 after the market closes on May 6, 2024.

Key Points: 
  • SAN DIEGO, April 3, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the company will release its operating results for the quarter ended March 31, 2024 after the market closes on May 6, 2024.
  • The company will host its conference call on May 7, 2024 at 11:00 a.m. PDT to discuss the operating results.
  • When prompted, please ask for the Realty Income conference call.
  • A replay of the conference call webcast will be available approximately one hour after the conclusion of the live broadcast.

PREIT Completes Financial Restructuring and Implements Changes to Management and Board

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星期一, 四月 1, 2024
Management, Bankruptcy, Plan, Howard Hughes Corporation, JV, LPT, COVID-19, FDP, PREIT, Brookfield Properties, Vicinity Centres, The Rouse Company, International Council, Realty Income, VEREIT, GGP, ICSC, Fashion District Philadelphia, LP

Trade creditors and property level mortgage debt were unaffected by the restructuring.

Key Points: 
  • Trade creditors and property level mortgage debt were unaffected by the restructuring.
  • As a result of its corporate reorganization and consolidation of equity holders, PREIT is no longer an SEC reporting company.
  • In support of its go-forward business plan, PREIT is also announcing certain changes to its management and Board.
  • Mr. Coradino led PREIT through its comprehensive financial and corporate restructuring as discussed above, and now that such restructuring has been successfully completed, Mr. Coradino will no longer serve as Chief Executive Officer and trustee of PREIT, effective as of April 1, 2024.

Digital Realty Reports Fourth Quarter 2023 Results

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星期四, 二月 15, 2024
Acquisition, PAR, Corporate action, Sale, Digital, Blackstone Inc., Realty Income, Digital Realty, GI Partners

During the fourth quarter, Digital Realty signed definitive agreements with Brookfield Infrastructure Partners L.P., Cyxtera Technologies and Digital Core REIT to successfully resolve the relationship with Cyxtera.

Key Points: 
  • During the fourth quarter, Digital Realty signed definitive agreements with Brookfield Infrastructure Partners L.P., Cyxtera Technologies and Digital Core REIT to successfully resolve the relationship with Cyxtera.
  • Realty Income initially invested approximately $200 million to acquire an 80% equity interest in the venture, while Digital Realty maintains a 20% interest.
  • Further during the fourth quarter, Digital Realty exercised its option to purchase approximately 19 acres of land (PAR 8 – 11) in Paris, France for approximately €70 million or $77 million.
  • In addition, during the fourth quarter, Digital Realty closed on the acquisition of approximately three acres adjacent to its existing campus near Athens, Greece for approximately €6 million or $6 million.

Realty Income Announces Appointment of Jeff A. Jacobson to Board of Directors and Retirement of Board Member Ronald L. Merriman

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星期三, 二月 14, 2024
Cadillac Fairview, SAN, Senior advisor, Journal of Food Science, European, Stanford University, Audit committee, Realty Income, Knowledge, Economics, Investment company, Housing, LaSalle Investment Management

SAN DIEGO, Feb. 14, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that Jeff A. Jacobson will be joining Realty Income's Board of Directors (the "Board"), effective February 21, 2024.

Key Points: 
  • SAN DIEGO, Feb. 14, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that Jeff A. Jacobson will be joining Realty Income's Board of Directors (the "Board"), effective February 21, 2024.
  • Ronald L. Merriman has also announced his intention to retire from the Board and to not stand for reelection at Realty Income's 2024 annual meeting of stockholders.
  • Once Mr. Jacobson joins the Board, he is expected to serve as a member of Realty Income's Audit Committee.
  • "This appointment represents Realty Income's commitment to maintaining a Board with skills that are relevant to our growing business.

The Macerich Company Announces CEO Change

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星期一, 二月 5, 2024
Growth, COVID-19, Environment, Retirement, MAC, Realty Income, COVID, IPO, Acquisition, REIT, Record, Sale, NOI, Management

SANTA MONICA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company”) today announced that Jackson Hsieh will become the President and Chief Executive of Macerich on March 1, 2024, following the retirement of Thomas O’Hern after 30 years of service to the Company. Mr. O’Hern will serve as an advisor to the Company through June 30, 2024, to ensure a smooth transition. Mr. Hsieh’s appointment as President and Chief Executive Officer follows an extensive search process by the Board with the assistance of Ferguson Partners, a prominent global executive recruitment firm.

Key Points: 
  • SANTA MONICA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company”) today announced that Jackson Hsieh will become the President and Chief Executive of Macerich on March 1, 2024, following the retirement of Thomas O’Hern after 30 years of service to the Company.
  • Mr. O’Hern will serve as an advisor to the Company through June 30, 2024, to ensure a smooth transition.
  • Steven Hash, Chairman of the Board of Macerich said, “Jackson is a seasoned real estate executive, and he is an outstanding choice to succeed Tom.
  • Under their leadership, Macerich has densified and diversified its world-class portfolio of town-centers for the future, positioning the Company for long-term growth and success.

Spirit Realty Capital Shareholders Approve Realty Income Merger

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星期五, 一月 19, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Realty Income, Certification

Realty Income Corporation (NYSE: O) ("Realty Income"), The Monthly Dividend Company®, and Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit”), today announced that Spirit stockholders approved all of the proposals necessary for the closing of the previously announced merger pursuant to which Realty Income will acquire Spirit.

Key Points: 
  • Realty Income Corporation (NYSE: O) ("Realty Income"), The Monthly Dividend Company®, and Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit”), today announced that Spirit stockholders approved all of the proposals necessary for the closing of the previously announced merger pursuant to which Realty Income will acquire Spirit.
  • No approval of Realty Income shareholders is required in connection with the merger.
  • At the special meeting of Spirit stockholders held today, approximately 99.8% of the votes cast were voted in favor of the merger, which represented approximately 86.4% of the outstanding shares of Spirit common stock.
  • Under the terms of the merger agreement, at the closing of the merger, Spirit common shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own immediately prior to the effective time of the merger.

Realty Income Announces Fourth Quarter and Year End 2023 Earnings Release Date

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星期四, 一月 18, 2024
SAN, Realty Income, International, ID, PST

SAN DIEGO, Jan. 18, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the company will release its operating results for the quarter and year ended December 31, 2023 after the market closes on February 20, 2024.

Key Points: 
  • SAN DIEGO, Jan. 18, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the company will release its operating results for the quarter and year ended December 31, 2023 after the market closes on February 20, 2024.
  • The company will host its conference call on February 21, 2024 at 11:00 a.m. PST to discuss the operating results.
  • When prompted, please ask for the Realty Income conference call.
  • A replay of the conference call webcast will be available approximately one hour after the conclusion of the live broadcast.

CoStar Group Founder and CEO Andy Florance Named as Top Ten on SP 200 Real Estate’s Most Powerful and Influential List

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星期二, 一月 16, 2024
Commercial Building & Real Estate, Technology, Construction & Property, Other Technology, Professional Services, Software, Data Analytics, Other Construction & Property, Residential Building & Real Estate, Realtor.com, Realty Income, Swanepoel, HomeServices of America, Homes.com, CoStar Group, Real estate, Management

The Swanepoel Power 200, the definitive ranking of the residential real estate brokerage industry’s executives and leaders, has named Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), as one of the nation’s ten most powerful and influential people in real estate for 2023.

Key Points: 
  • The Swanepoel Power 200, the definitive ranking of the residential real estate brokerage industry’s executives and leaders, has named Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), as one of the nation’s ten most powerful and influential people in real estate for 2023.
  • The recognition of Andy Florance on the SP 200 list follows another year of major growth and achievement for CoStar Group, especially for the company’s residential real estate portal Homes.com, which surpassed Realtor.com and Redfin in September 2023 to become the second most-trafficked real estate portal in the country.
  • “It's an honor to be ranked again as one of the top ten real estate business leaders,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group.
  • This award reflects our continued commitment to providing the most in-depth and powerful real estate tools through the incredible efforts of our whole CoStar Group team.

Realty Income Prices $1.25 Billion Dual-tranche Offering of Senior Unsecured Notes

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星期二, 一月 9, 2024
Telephone, Suite, ATTN:, TD Securities, Sale, Capital market, Acquisition, Vanderbilt Avenue, Mizuho, Note, Attention, Realty Income, SAN, Register, Wells Fargo, Citigroup, Prospectus, Broadridge Financial Solutions, BBVA, Kitchen Party (girl group), Mizuho Securities, Security (finance)

SAN DIEGO, Jan. 8, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $450 million of 4.750% senior unsecured notes due February 15, 2029 (the "2029 Notes"), and $800 million of 5.125% senior unsecured notes due February 15, 2034 (the "2034 Notes" and, together with the 2029 Notes, the "notes").

Key Points: 
  • SAN DIEGO, Jan. 8, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $450 million of 4.750% senior unsecured notes due February 15, 2029 (the "2029 Notes"), and $800 million of 5.125% senior unsecured notes due February 15, 2034 (the "2034 Notes" and, together with the 2029 Notes, the "notes").
  • Combined, the notes have a weighted average tenor of approximately 8.3 years, a weighted average semi-annual yield to maturity of 5.142%, and weighted average coupon rate of 4.990%.
  • This offering is expected to close on January 16, 2024, subject to the satisfaction of customary closing conditions.
  • The active joint book-running managers for the offering are Wells Fargo Securities, BBVA, Citigroup, Mizuho and TD Securities.

SPIRIT REALTY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Spirit Realty Capital, Inc. - SRC

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星期五, 一月 5, 2024
Class Action Lawsuit, Professional Services, Legal, KSF, Sale, Realty Income

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Spirit Realty Capital, Inc. (NYSE: SRC) to Realty Income Corporation (NYSE: O).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Spirit Realty Capital, Inc. (NYSE: SRC) to Realty Income Corporation (NYSE: O).
  • Under the terms of the proposed transaction, shareholders of Spirit will receive 0.762 newly-issued Realty Income common shares for each share of Spirit that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .