Realty Income plans $750 million convertible notes offering

Realty Income announced on August 11, 2026, a proposed private offering of $750 million of senior unsecured convertible notes due 2031, with an option for initial purchasers to buy up to an additional $112.5 million. The company expects to use part of the proceeds for capped call transactions and concurrent share repurchases, with the remainder available for debt repayment, property acquisitions, development and other general corporate purposes; interest rate and conversion terms will be set at pricing. Realty Income also invested approximately $2.6 billion in the three months ended June 30 at an initial weighted average cash yield of about 7.3%.