---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-094098"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2026-08-11T20:40:21+00:00"
generated_at: "2026-08-11T20:41:12.215434+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Realty Income announces $750M convertible notes offering; Q2 invested $2.6B

## Summary
- Offering $750M convertible senior notes due 2031; initial purchasers option for additional $112.5M.
- Proceeds used for capped call transactions, concurrent share repurchases, and general corporate purposes.
- Q2 2026 investments: ~$2.6B total, $2.1B pro-rata, at initial weighted avg cash yield ~7.3%.
- Capped call transactions expected to reduce potential dilution from conversion of notes.
- Notes are senior unsecured; conversion settled in cash up to principal, excess in stock/cash at company's election.

## SEC filing metadata
- accession: 0001104659-26-094098
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2026-08-11T20:40:21+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000110465926094098/0001104659-26-094098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000110465926094098/tm2622133d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-094098
- JSON: https://secwatch.observer/filing/0001104659-26-094098.json
- Plain text: https://secwatch.observer/filing/0001104659-26-094098.txt

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