other material
confidence high
sentiment neutral
materiality 0.75
Realty Income enters new ATM program to sell up to 150M shares of common stock
REALTY INCOME CORP
- New ATM program authorizes up to 150M shares; replaces prior 120M-share program.
- Prior ATM program sold 65,033,051 of 120M shares since February 2024.
- Proceeds to be used for debt repayment, acquisitions, and general corporate purposes.
- Sales agreement with 26 agents; commissions capped at 2.0% of gross sales price.
- Forward sale agreements allow hedging through share borrowing and delayed settlement.