Realty Income Plans Strategic Share Sales for Expansion and Debt Management

Realty Income (O) has released an update.

Realty Income Corporation has entered into an agreement to potentially sell up to 120 million shares via various financial institutions, with the flexibility to execute sales in diverse ways, including ordinary transactions and privately negotiated deals. The company may also set up forward sale agreements, which could involve no immediate proceeds but allow for future settlements in cash or stock, depending on the company’s preference. This strategic move, following the termination of a previous sales program, aims to raise capital for general corporate purposes, including debt management, property acquisitions, and business expansions.

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