Crystallizing Value Creation & Market Overview
VEREIT Refinancing Opportunity Quantified
Superior credit ratings and access to international capital
markets provide organic growth lever for value creation...
REALTY INCOME
Synergies amplified: As capital allocation
progresses throughout Europe, refinancing
opportunities support natural hedging needs
Cumulative Annualized Interest Expense Accretion (1)
in $ millions
£
€
Year
Maturities(2)
Rate
2.3%
2.0%
0.9%
$50 - $80 Million
2022
239
4.8%
7
9
2023
148
4.3%
10
14
2024
1,175
4.8%
38
43
60
ANNUALIZED ACCRETION
BY YE 2025(1)
2025
551
4.6%
51
57
81
Through 2025
$2,113
4.7%
$51
$57
$81
2026
601
4.9%
67
75
105
$90 - $175 Million
2027
633
4.0%
77
87
124
2028
1,101
2.9%
84
97
146
2029
601
3.1%
89
104
159
ANNUALIZED ACCRETION
OVER NEXT 10 YEARS (1)
2030
1
5.5%
89
104
160
2032
700
2.9%
93
110
174
Total
$5,750
3.9%
$93
$110
$174
56
(1) Estimated based on various 10-yr indicatives as of 10/29/2021.
(2) As of September 30, 2021 reported capital structure adjusted for previously disclosed activity.View entire presentation