Realty Income down more than 4% after capital raise

Jan. 11, 2021 11:31 PM ETRealty Income Corporation (O)OBy: Mamta Mayani, SA News Editor130 Comments
  • Realty Income (NYSE:O) has priced its public offering of 10.5M common shares at $57.05/share.
  • Underwriters' over-allotment is an additional 1.575M shares.
  • Net proceeds of ~$582.3M will be used to fund property acquisitions, for general corporate purposes and working capital.
  • Closing date is January 14.
  • Shares are down 4.6% premarket to $56.69.
  • Previously, Jan. 11: Realty Income starts 10.5M-share stock offering

Recommended For You

Comments (130)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.