Realty Income (O) Maintains Buy Rating Following Dual-Tranche Notes Issuance

Core Viewpoint - Realty Income Corporation (NYSE:O) is highlighted as a top real estate investment option following the announcement of a dual-tranche senior notes issuance, with a Buy rating and a price target of $68 set by Stifel [1][2]. Group 1: Financial Details - Realty Income Corporation has priced a total of $800 million in senior unsecured notes, divided into two tranches: $400 million of 3.95% notes maturing in 2029 and $400 million of 4.50% notes maturing in 2033 [1]. - The effective yield to maturity for the 2029 notes is estimated at 4.143%, while the 2033 notes offer an effective yield to maturity of 4.685% [2]. Group 2: Company Overview - Realty Income Corporation operates as a real estate investment trust (REIT) that focuses on investing in free-standing, single-tenant commercial properties located in the United States, Spain, and the United Kingdom, utilizing NNN leases [2].