SAN DIEGO, Oct. 14, 2021 /PRNewswire/ -- Realty Income
Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced the closing of a €64 million
portfolio transaction in Spain
consisting of three properties leased to Carrefour under long-term
net lease agreements. Combined with the previously announced
transaction with Carrefour, Realty Income has now invested
approximately €157 million in high-quality real estate in
Spain.
"Our strategic expansion into Continental Europe continues to
build momentum," said Sumit Roy,
President and Chief Executive Officer of Realty Income. "We deeply
value our partnerships with leading global operators like Carrefour
as we establish our foundation in Spain, and we look forward to strengthening
this relationship and building others as we continue to expand
internationally."
Carrefour Profile:
- Carrefour (XPAR: CA) has the second-highest grocery market
share in Spain and is the
eighth-largest retailer in the world operating over 13,000 stores
with various formats across more than 30 countries.
- Carrefour's non-discretionary business model includes an
omni-channel strategy with proven resiliency through various
economic cycles, exemplified by same-store sales increasing +7.8%
in FY2020.
About Realty Income
Realty Income, The Monthly Dividend Company®, is an
S&P 500 company and member of the S&P 500 Dividend
Aristocrats® index. We invest in people and places to
deliver dependable monthly dividends that increase over time. The
company is structured as a REIT, and its monthly dividends are
supported by the cash flow from over 6,700 real estate
properties owned under long-term lease agreements with our
commercial clients. To date, the company has declared 615
consecutive common stock monthly dividends throughout its 52-year
operating history and increased the dividend 112 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 our
actual future results to differ materially from expected results.
These risks include, among others, general economic conditions,
domestic and foreign real estate conditions, client financial
health, the availability of capital to finance planned growth,
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, the
structure, timing and completion of the announced mergers between
us and VEREIT, Inc. and any effects of the announcement, pendency
or completion of the announced mergers, including the anticipated
benefits therefrom, charges for property impairments, the effects
of the COVID-19 pandemic and the measures taken to limit its
impact, the effects of pandemics or global outbreaks of contagious
diseases or fear of such outbreaks, our clients' ability to
adequately manage their properties and fulfill their respective
lease obligations to us, and the outcome of any legal proceedings
to which the we are a party, as described in our filings with the
Securities and Exchange Commission. Consequently, forward-looking
statements should be regarded solely as reflections of our current
operating plans and estimates. Actual operating results may differ
materially from what is expressed or forecast in this press
release. We undertake 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