Superior Stability and Dividend Growth
REALTY INCOME
Fortress Balance Sheet - One of Only Seven U.S. REITS with Two A3/A- Ratings or Better
■Commercial Paper (2)
STAGGERED DEBT MATURITY PROFILE(1)
in $ millions
■GBP Denominated Notes
■Term Loan
(3)
■Revolver (4)
■Mortgages
(5)
■Unsecured Notes
$1,178
$632
$1,833
$2,054
$1,650
$1,576
$1,091
$1,099
$526
$950
$700
$2,407
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033+
(1) As of 3/31/2022.
FAVORABLE CREDIT RATINGS
Long-Term Unsecured Debt Rating
MOODY'S A3/Stable
S&P Global
A- / Stable
(2) Commercial paper borrowings outstanding at March 31, 2022 were $950 million and mature between April 2022 and December 2022.
KEY CREDIT METRICS
Low Leverage/
High Coverage Ratios
5.4x
5.6x
Net Debt
to Annualized Adj.
EBITDAre
Fixed Charge
Coverage Ratio
27%
Debt to Total
Market Cap
Conservative Long-Term
Debt Profile
90%
93%
Unsecured
Fixed Rate
7.7 yrs
W.A. term to maturity
for notes & bonds
(3) Represents the principal balance (in USD) of Sterling-denominated note offerings and Sterling-denominated private placement offering converted at the applicable exchange rate on March 31, 2022. Excludes the April 2022 announcement for the private placement of £140 million of senior
unsecured notes due 2030, £345 million senior unsecured notes due 2032, and £115 million senior unsecured notes due 2037. We currently anticipate closing to occur during the second quarter of 2022.
(4) As of March 31, 2022, there was a carrying balance of $569.6 million outstanding under our revolving credit facility. In April 2022, we amended and restated our unsecured credit facility in order to increase the borrowing capacity to $4.25 billion and extend the initial term to June 2026.
(5) Includes the principal balance (in USD) of one Sterling-denominated mortgage payable of £31 million converted at the applicable exchange rate on March 31, 2022.
35View entire presentation