Crystallizing Value Creation & Market Overview
REALTY
Ample Liquidity and Low Borrowing Costs Support Enhanced Financial Flexibility
$3,112
$518
Liquidity
Revolver
Availability
$2,595
(Net of $405mm
borrowings
under $1.0 billion
commercial
paper program)(1)
Cash & Equivalents
$517
Sources
Debt Obligations through 2022
Excess
Liquidity,
$2,595
Mortgages Payable, $113
CP Borrowings, $405
Uses Through 2022
Note: Values shown in millions.
Uses: Excludes interest expense, ground leases paid by Realty Income or our clients, and commitments under construction contracts.
(1) 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.
INCOME
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