Realty Income (NYSE:O) is raising capital—€600M of 3.625% notes due 2032—to fund corporate needs while seeding a >$6B hyperscale data‑center JV it will partly bankroll (~$1.4B commitment, ~$700M funding in Q2–Q3 2026); stock near $62 yields ~5.2% as analysts foresee 2026 cash‑flow and dividend gains.
Previous Week Recap
- Realty Income Prices Notes: Realty Income (O) priced €600M of 3.625% senior notes due July 30, 2032 at 99.518% (yield 3.716%). Closing expected July 7, 2026; proceeds for corporate uses.
- Hyperscale Data Center JV: Realty Income (O) launched a joint venture to buy hyperscale data centers, seeding three assets worth >$6B. Realty Income plans up to $1.4B for 45% of the first asset, funding ~$700M in Q2–Q3 2026.
- Stock Yields About 5.2%: Realty Income (O) yields ~5.2%; stock near $62. Analysts project 2026 cash flow, free cash flow, and margin improvements and ongoing dividend payments with annual increases.
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