Realty Income – Escondido: Announced recently that it has concluded its $3.1-billion acquisition of American Realty Capital Trust. With the transaction completed, Realty Income now owns 3,528 properties in 49 states around the country comprising some 58 million square feet of space. More than 75% of the properties are single-tenant and retail assets.
Archive for the ‘Realty Income Corp’ Category
Will become the nation’s 18th largest real estate investment trust after its recently announced deal to acquire New York-based American Realty Capital Trust Inc. The transaction is valued at $2.95-billion.
Realty Income – Escondido: First quarter results for the real estate investment trust posted $39.26 million in net income on $114.72-million in revenues, which is up from the first quarter last year. The company specializes in single-tenant retail properties.
Realty Income Corp – Recently announced that it had invested $1-billion in 164 properties in 2011. The properties are located in 26 states and are 100% leased to 22 tenants in 17 different industries, with an initial average lease yield of approximately 7.8%. Tom Lewis is CEO.
September 30th, 2010 | Posted in Realty Income Corp
Realty Income Corp announced that it has closed a public offering of nearly 6.2million shares of common stock, including 808,500 shares purchased by the underwriters. Net proceeds from the offering after expenses will be approximately $196.9-million. The funding will enable the company to purchase approximately $150-million yet in 2010. The acquisitions include approximately 29 properties [...]