Realty Income Corporation history, company profile (overview) and history video
Realty Income Corporation is a real estate investment trust (REIT) engaged in acquiring and managing freestanding commercial properties that generate rental revenue under long-term, net lease agreements. It is headquartered in San Diego, California, United States.
The company is dedicated to providing stockholders with dependable monthly income, supported by the revenue generated from net-leased real estate assets. It has also registered the trademark “The Monthly Dividend Company”.
HISTORY
Realty Income Corp. was founded in 1969 by William E. Clark and Evelyn J. Clark to provide investors with monthly dividends that increase over time. The company’s first acquisition was a Northridge, California, Taco Bell property, which was directly acquired from Taco Bell founder Glen Bell in 1969.
In 1994, the company was listed on the New York Stock Exchange (NYSE).
In 1996, the company received investment-grade credit ratings from Moody’s, S&P, and Fitch.
In 2013, American Realty Capital Trust was acquired.
In 2019, Realty Income Corporation completed a sale-leaseback transaction for 12 properties of the United Kingdom supermarket chain Sainsbury‘s.
In 2021, VEREIT was acquired.
Realty Income Corporation owns over 11,000 properties, diversified with more than 1,000 different clients operating in 70 industries, located in the United States, Puerto Rico, the United Kingdom and Spain.
With more than 370 employees, Realty Income Corp. is considered one of the leading REITs in the United States. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.realtyincome.com.
**Video published on YouTube by “Companies History“.
