SAN DIEGO, Aug. 16, 2019 /PRNewswire/ -- Realty Income
Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced the company will celebrate its
25th anniversary of listing on the New York Stock
Exchange (NYSE) by ringing The Closing Bell® on
Monday, August 19, 2019 at
4:00pm Eastern Daylight Time.
Commenting on this notable milestone, Sumit Roy, Realty Income's President and Chief
Executive Officer said, "We are proud to commemorate our
25th anniversary as a publicly traded company by ringing
The Closing Bell® at the NYSE. Our shares first
listed on the NYSE in 1994, closing at $8.00 per share on the first day of trading. As
of August 16th, our shares
closed at $72.81 per share which, together with the
reinvestment of dividends, has resulted in over 16% compounded
average annual total shareholder returns. Since 1994, our real
estate portfolio has grown from 630 properties to over 5,900
properties, our total market capitalization has increased from
$400 million to approximately $30
billion, and we have increased AFFO per share annually by
approximately 5%. The success our company has achieved since going
public 25 years ago is driven by the efforts of our dedicated team,
which has grown since 1994 from 54 to 189 employees. I would like
to thank our employees and our Board of Directors for their
valuable contributions to the company. Furthermore, we thank
William and Joan Clark who founded
our company in 1969 with the mission to provide shareholders with
dependable monthly income that increases over time. As the largest
company in the net lease REIT sector, we remain committed to
building on our track record of performance to continue creating
long-term value for our shareholders."
A broadcast of the event will begin at 3:56 p.m. EDT and is accessible live on Realty
Income's website at www.realtyincome.com and on the NYSE
website at https://www.nyse.com/bell.
About Realty Income
Realty Income, The Monthly Dividend Company®, is an
S&P 500 company dedicated to providing shareholders with
dependable monthly income. The company is structured as a REIT, and
its monthly dividends are supported by the cash flow from over
5,900 real estate properties owned under long-term lease agreements
with commercial tenants. To date, the company has declared 589
consecutive common stock monthly dividends throughout its 50-year
operating history and increased the dividend 102 times since Realty
Income's public listing in 1994 (NYSE: O). Additional information
about the company can be obtained from the corporate website at
www.realtyincome.com.
Forward-Looking Statements
Statements in this press release that are not strictly
historical are "forward-looking" statements. Forward-looking
statements involve known and unknown risks, which may cause the
company's actual future results to differ materially from expected
results. These risks include, among others, general economic
conditions, local and foreign real estate conditions, tenant
financial health, the availability of capital to finance planned
growth, continued volatility and uncertainty in the credit markets
and broader financial markets, changes in foreign currency exchange
rates, property acquisitions and the timing of these acquisitions,
charges for property impairments, and the outcome of any legal
proceedings to which the company is a party, as described in the
company's filings with the Securities and Exchange Commission.
Consequently, forward-looking statements should be regarded solely
as reflections of the company's current operating plans and
estimates. Actual operating results may differ materially from what
is expressed or forecast in this press release. The company
undertakes no obligation to publicly release the results of any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date these statements
were made.
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SOURCE Realty Income Corporation