SAN DIEGO, CA (STL.News) – Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the company will celebrate its 25th anniversary of listing on the New York Stock Exchange (NYSE) by ringing The Closing Bell® on Monday, August 19, 2019 at 4:00pm Eastern Daylight Time.
Commenting on this notable milestone, Sumit Roy, Realty Income’s President and Chief Executive Officer said, “We are proud to commemorate our 25th anniversary as a publicly traded company by ringing The Closing Bell® at the NYSE. Our shares first listed on the NYSE in 1994, closing at $8.00 per share on the first day of trading. As of August 16th, our shares closed at $72.81 per share which, together with the reinvestment of dividends, has resulted in over 16% compounded average annual total shareholder returns. Since 1994, our real estate portfolio has grown from 630 properties to over 5,900 properties, our total market capitalization has increased from $400 million to approximately $30 billion, and we have increased AFFO per share annually by approximately 5%. The success our company has achieved since going public 25 years ago is driven by the efforts of our dedicated team, which has grown since 1994 from 54 to 189 employees. I would like to thank our employees and our Board of Directors for their valuable contributions to the company. Furthermore, we thank William and Joan Clark who founded our company in 1969 with the mission to provide shareholders with dependable monthly income that increases over time. As the largest company in the net lease REIT sector, we remain committed to building on our track record of performance to continue creating long-term value for our shareholders.”