O · 8-K · 20261102PR000056

Equity Capital Raise

REALTY INCOME CORP · 2026-11-02 · Importance 46 · Surprise 42 · In source text

The company raised $472.5 million from common-stock sales in the third quarter at a weighted average price of $60.49 per share, primarily through settlement of 7.8 million ATM forward shares. At November 2, 2026, 18.5 million ATM forward shares remained unsettled, representing approximately $1.1 billion in expected net proceeds. In August, it issued $1.0 billion of 3.750% convertible senior notes due 2031, receiving $983.2 million net proceeds, and used $188.7 million to repurchase approximately 3.0 million shares concurrently with the offering.

Key facts

• As of November 2, 2026, approximately 18.5 million shares under ATM forward-sale agreements remained unsettled, representing approximately $1.1 billion expected net proceeds and a $60.61 weighted average initial gross price per share. source
• Realty Income raised $472.5 million from common-stock sales in the third quarter of 2026 at a weighted average price of $60.49 per share, primarily by settling 7.8 million ATM forward-sale shares. source
• As of September 30, 2026, Realty Income had 18.5 million shares under outstanding ATM forward sale agreements at a weighted average forward price of $58.97 per share. source
• Realty Income used approximately $33.2 million of convertible-note proceeds for capped-call transactions with an $83.55-per-share cap price, 35.0% above the August 11, 2026 NYSE closing price of $61.89. source
• Realty Income used approximately $188.7 million of convertible-note proceeds to repurchase approximately 3.0 million common shares concurrently with pricing the offering. source

Impact estimates