REALTY INCOME CORPORATION

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Real-time Estimate Cboe BZX  -  06:00 2022-08-19 pm EDT
72.79 USD   -0.16%
08/16Realty Income Unveils $0.2475 a Share Monthly Dividend, Payable Sept. 15 to Stockholders of Record as of Sept. 1
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08/16626th Consecutive Common Stock Monthly Dividend Declared by Realty Income
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08/16Realty Income Corporation Declares the Common Stock Monthly Dividend, Payable on September 15, 2022
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Realty Income Announces $1.7 Billion Sale-Leaseback of Encore Boston Harbor Through Partnership with Wynn Resorts

02/15/2022 | 04:07pm EDT

Realty Income Corporation announced that the company has signed a definitive agreement to acquire the Encore Boston Harbor (Encore) Resort and Casino for $1.7 billion under a long-term net lease agreement with Wynn Resorts, Limited. The transaction is Realty Income's first acquisition in the gaming industry. The sale-leaseback transaction with Wynn Resorts is expected to be executed at a 5.9% initial cap rate, includes an initial lease term of 30 years with annual rent growth of 1.75% for the first ten years and the greater of 1.75% or CPI (capped at 2.5%) over the remaining lease term.

The lease also includes an additional 30-year option to renew upon expiration. Pending regulatory procedures, the company expects to close this transaction in the 4th quarter of 2022.


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All news about REALTY INCOME CORPORATION
08/16Realty Income Unveils $0.2475 a Share Monthly Dividend, Payable Sept. 15 to Stockholder..
MT
08/16626th Consecutive Common Stock Monthly Dividend Declared by Realty Income
PR
08/16Realty Income Corporation Declares the Common Stock Monthly Dividend, Payable on Septem..
CI
08/05UBS Adjusts Realty Income Price Target to $80 From $78, Maintains Buy Rating
MT
08/04REALTY INCOME CORP Management's Discussion and Analysis of Financial Condition and Res..
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08/04TRANSCRIPT : Realty Income Corporation, Q2 2022 Earnings Call, Aug 04, 2022
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08/04REALTY INCOME CORPORATION : SEC Filing 10Q-2
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08/03REALTY INCOME CORP. : Q2 Earnings Snapshot
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08/03REALTY INCOME : ANNOUNCES OPERATING RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 20..
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08/03Realty Income Reports Higher Q2 Adjusted FFO
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Financials (USD)
Sales 2022 3 158 M - -
Net income 2022 829 M - -
Net Debt 2022 17 110 M - -
P/E ratio 2022 54,3x
Yield 2022 4,08%
Capitalization 45 028 M 45 028 M -
EV / Sales 2022 19,7x
EV / Sales 2023 17,9x
Nbr of Employees 380
Free-Float 99,9%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 72,91 $
Average target price 76,29 $
Spread / Average Target 4,64%
EPS Revisions
Managers and Directors
Sumit Roy President, Chief Executive Officer & Director
Christie B. Kelly Chief Financial Officer, Treasurer & Executive VP
Michael Dale McKee Independent Director
Joseph Stewart Vice President-Information Technology
Mark E. Hagan Chief Investment Officer & Executive VP
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