Realty Income Pitch Deck
REALTY
INCOME
Significant Liquidity and Low Borrowing Costs Support Enhanced Financial Flexibility
$2,518
$23
Liquidity(1)
Revolver
Availability,
$2,330
Debt Obligations through 2023(3)
(Net of $724mm
borrowings
under $1.5 billion
commercial
paper programs)(2)
Excess
Liquidity,
$2,516
Cash & Equivalents, $188
Sources
Mortgages Payable, $23
Uses
Note: Values shown in millions.
Uses: Excludes interest expense, ground leases paid by Realty Income or our clients, and commitments under construction contracts.
(1) Liquidity excludes $1.3 billion of unsettled forward equity.
(2) We use our revolving credit facility as a liquidity backstop for the repayment of the notes issued under our commercial paper program. The revolver has a $1 billion accordion feature, which is subject to obtaining lender commitments. During July 2022, our U.S. Dollar-denominated unsecured
commercial paper program was amended to increase the maximum aggregate amount of outstanding notes from $1.0 billion to $1.5 billion and we established a new Euro-denominated unsecured commercial paper program, which permits us to issue additional unsecured commercial notes up to a
maximum aggregate amount of $1.5 billion (or foreign currency equivalent) in U.S. dollars or other foreign currencies
(3) Excluding revolver and commercial paper maturities.
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