Realty Income Corporation
| Realty Income
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US7561091049 |
| founding | 18th February 1969 |
| Seat |
San Diego , United States
|
| management | |
| Number of employees | 194 (2019) |
| sales | $ 1.42 billion (2019) |
| Branch | Real estate company |
| Website | www.realtyincome.com |
| As of June 2, 2020 | |
The Realty Income Corporation is a real estate investment funds , in shopping malls in the United States , in Puerto Rico and in the United Kingdom invested. The company had the alternative name The Monthly Dividend Company (German: The monthly dividend company ) legally protected, as it is one of only a few companies that pays dividends to shareholders monthly and not as usual quarterly or annually.
history
Established in the 20th century
The Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. Her first acquisition was a Taco Bell restaurant in the early 1970s. Since then, the company has usually rented its properties to business partners on a long-term basis.
Going public and making acquisitions in the 21st century
In 1994 the company was converted into a stock corporation by going public. In 2003, the company acquired 86 TBC Corporation retail locations for $ 135 million. In 2004, 112 Circle K stores were bought for $ 110.5 million. In 2006, the company acquired 144 properties leased to Buffets / Ryan's restaurants for $ 348 million.
In 2010, the company acquired several Napa Valley wineries for $ 269 million and 135 SuperAmerica convenience stores for $ 248 million. In 2011, 33 properties were acquired for $ 544 million.
In 2013, the company acquired the American Realty Capital Trust for $ 2.95 billion.
Inclusion in the S&P 500
In 2015 the company was included in the S&P 500 stock index . In 2018, Sumit Roy was appointed CEO of the company.
In 2019, the company completed a transaction for 12 properties in the UK supermarket chain Sainsbury's . This was the company's first property purchase outside of the United States.
Corporate structure
Rented real estate
As of year-end 2018, the company owned 5,797 properties with total rental space of 93.3 million square feet and an average lot size of 16,110 square feet per retail property and 229,000 square feet per industrial property.
Main tenant
The largest tenants of Realty Income Corporation based on the ranking of total revenue are the following companies (as of December 31, 2018):
| rank | Tenant | % of total sales |
|---|---|---|
| 1 | Walgreens | 6.3% |
| 2 | 7-Eleven | 5.5% |
| 3 | FedEx | 4.8% |
| 4th | Dollar general | 3.9% |
| 5 | LA fitness | 3.7% |
| 6th | Dollar tree | 3.4% |
| 7th | AMC Theaters | 3.3% |
| 8th | Walmart / Sam's Club | 2.8% |
| 9 | Circle K | 2.3% |
| 10 | BJ's Wholesale Club | 2.0% |
Web links
- Official website of Realty Income Corporation - The Monthly Dividend Company at www.realtyincome.com
Individual evidence
- ↑ a b c d Realty Income Corporation 2018 Form 10-K Annual Report (English). Retrieved July 21, 2019.
- ↑ a b Annual Report 2019. Accessed June 2, 2020 .
- ↑ a b Matthew Frankel: Realty Income Corporation: How a Taco Bell Evolved Into a $ 10 trillion REIT (English) , The Motley Fool. 3rd June 2015.
- ↑ Eric Wolff: Real Estate: Local company ready to reap the bubble's remains (English) , The San Diego Union-Tribune. December 8, 2010.
- ↑ Realty Income Acquires $ 135 Million Property Portfolio of 86 Retail Tire Stores (English) , Business Wire . December 1, 2003.
- ↑ Realty Income buys 112 Circle K stores (English) , American City Business Journals. March 17, 2004.
- ↑ Laurie Forbes: Realty Income Enters $ 348M Sale-Leaseback with Buffets / Ryan's Restaurants (English) , CoStar Group. November 8, 2006.
- ↑ Realty Income to Acquire $ 269 Million of Diageo Chateau & Estate Wines Properties in Sale-Leaseback Transaction (English) , Business Wire. June 24, 2010.
- ↑ Mark Heschmeyer: Realty Income Acquires 135 Superamerica station (English) , CoStar Group. December 15, 2010.
- ↑ Realty Income to Acquire up to $ 544 Million of Net Lease Properties (English) , Business Wire. March 7, 2011.
- ↑ Realty Income To Acquire American Realty Capital Trust in $ 2.95 trillion Transaction (English) , PR Newswire. September 6, 2012.
- ↑ Realty Income Closes American Realty Capital Trust Acquisition (English) , Business Wire. January 22, 2013.
- ^ Realty Income Set to Join S&P 500; Windstream, Douglas Emmett to Join the S&P MidCap 400; Gentherm, Echo Global Logistics to Join the S & P SmallCap 600 (English) , PR Newswire. March 27, 2015.
- ↑ https://www.journalnow.com/business/the-briefcase-walmart-campus-off-kester-mill-road-sells-for/article_e5e7b8a5-6d3b-5da2-ad85-c95c87660c2b.html