---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-000642"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2026-01-05T23:59:59+00:00"
generated_at: "2026-05-16T11:45:57.785955+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Realty Income announces $750M convertible notes offering, Q4 investments of $2.4B at 7% yield

## Summary
- Offers $750M (plus $112.5M option) convertible senior notes due 2029 in private placement.
- Net proceeds to repay $500M 5.050% notes maturing Jan 13, 2026, plus share repurchases.
- Q4 2025 invested ~$2.4B in properties, loans, and development at 7% initial cash yield.
- Liquidity of $3.7B as of Jan 2, 2026, including $0.8B cash and $2.2B revolver availability.

## SEC filing metadata
- accession: 0001104659-26-000642
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2026-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000110465926000642/0001104659-26-000642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000110465926000642/tm261717d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-000642
- JSON: https://secwatch.observer/filing/0001104659-26-000642.json
- Plain text: https://secwatch.observer/filing/0001104659-26-000642.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.