Realty Income with 6.5M share secondary offering

Additionally, the underwriters are given a greenshoe option to purchase up to another 975K shares. The offering will add less than 4% to the float.

In other news, the company announces approximately $503M in new properties and properties under development/expansion in Q3 with a weighted average lease rate of 7.1% and average lease term of 14.7 years. About 72% of the rent is derived from investment grade tenants.

Press release.

O -1.8% AH.

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