SAN DIEGO, Calif., April 9,
2020 /PRNewswire/ -- Realty Income Corporation (Realty
Income, NYSE: O), The Monthly Dividend Company®, today
announced the company will release its operating results for the
quarter ended March 31, 2020 after
the market closes on May 4, 2020. The
company will host its conference call on May
5, 2020 at 11:30 a.m. PT to discuss the operating
results.
Additionally, the company recently borrowed an additional
$1.20 billion under its revolving
credit facility, as to further strengthen its liquidity position
and to enhance its financial flexibility. The total capacity of the
revolving credit facility is $3.0
billion, of which, as of April 9,
2020, after giving effect to the recent borrowings,
approximately $1.2 billion of
capacity remains, excluding the revolving credit facility's
$1.0 billion accordion feature. Under
the revolving credit facility, the company's current A- / A3 credit
ratings provide for a borrowing rate of LIBOR (London Interbank
Offered Rate) plus 77.5 basis points. As of April 9, 2020, giving effect to the recent
borrowings, the company has a cash balance of $1.25 billion.
Given the economic uncertainty and rapidly-evolving
circumstances related to the COVID-19 pandemic, the company is
withdrawing its previously issued 2020 guidance and is not
providing an updated outlook at this time.
To access the conference call, dial (877) 701-6180. When
prompted, provide the conference ID 2238836.
A telephone replay of the conference call can also be accessed
by calling (800) 585-8367 and entering the conference ID 2238836.
The telephone replay will be available through May 19, 2020.
A live webcast will be available in listen-only mode by clicking
on the webcast link on the company's home page or in the investors
section at www.realtyincome.com. A replay of the conference call
webcast will be available approximately one hour after the
conclusion of the live broadcast. The webcast replay will be
available through May 19, 2020. No
access code is required for this replay.
About the Company
Realty Income, The Monthly Dividend
Company®, is an S&P 500 company dedicated to
providing stockholders with dependable monthly income. The company
is structured as a REIT, and its monthly dividends are supported by
the cash flow from over 6,400 real estate properties owned under
long-term lease agreements with commercial tenants. To date, the
company has declared 597 consecutive common stock monthly dividends
throughout its 51-year operating history and increased the dividend
106 times since Realty Income's public listing in 1994 (NYSE: O).
The company is a member of the S&P 500 Dividend
Aristocrats® index. Additional information about the
company can be obtained from the corporate website at
www.realtyincome.com.
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SOURCE Realty Income Corporation