Growing International Portfolio
REALTY
INCOME
Significant Liquidity and Low Borrowing Costs Support Enhanced Financial Flexibility
$3,513
Liquidity(1)
$14
Debt Obligations through 2023(3)
Note: Values shown in millions. As of 6/30/2023.
Revolver
Availability,
$3,260
(Net of $123 million
borrowings
under $1.5 billion
commercial
paper programs)(2)
Cash & Equivalents, $254
Sources
Excess
Liquidity,
$3,499
Mortgages Payable, $14
Uses
Uses: Excludes interest expense, ground leases paid by Realty Income or our clients, and commitments under construction contracts.
(1) Liquidity excludes $651 million of unsettled forward equity and USD equivalent of July 2023 issuance of €1.1 billion of unsecured notes.
(2) We have a $1.5 billion U.S. Dollar-denominated commercial paper program and a $1.5 billion Euro-denominated commercial paper program. We use our $4.25 billion 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.
(3) Excluding revolver and commercial paper maturities.
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