DOCSLIB.ORG

Corporate Overview

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corporate Overview about exchangeright It’s our passion to empower people to be secure, free, and generous. $3.6+ Billion ASSETS STEWARDED FOR INVESTORS 60+ Offerings ALL MEETING OR EXCEEDING DISTRIBUTION TARGETS States with ER 5,200+ Investors and affiliates’ AUM ENTRUST EXCHANGERIGHT WITH THE STEWARDSHIP OF THEIR WEALTH AND INCOME 40 States 43 Tenants 544 Markets 16 Industries GEOGRAPHICAL PRIMARILY DIVERSIFICATION RECESSION-RESILIENT DIVERSIFICATION INVESTMENT-GRADE OF ASSETS ESSENTIAL BUSINESSES Past performance of the Sponsor and any past offerings is not indicative of future results. All AUM stats as of 5/31/21. 2 assets under management It’s our passion to empower people ExchangeRight has built a highly diversified, aggregated portfolio of net- leased properties backed primarily by investment-grade tenants that operate to be secure, free, and generous. successfully in the necessity retail and healthcare space to provide investors with secure capital, stable income, and strategic exits. Over 94% of the portfolio’s net operating income is generated by essential tenants that remained open in cities and states where other businesses were forcibly closed due to the COVID-19 pandemic. Many of these tenants rose to the occasion throughout the crisis to meet record-breaking demand for their essential goods and services, and they continue to operate profitably as the national recovery continues. SUMMARY OF EXCHANGERIGHT'S ASSETS UNDER MANAGEMENT 6.77% 94%+ 10.1 Years 2.65x FIVE-YEAR AVERAGE NOI FROM ESSENTIAL WEIGHTED-AVERAGE AVERAGE DEBT SERVICE INVESTOR CASH FLOW BUSINESSES LEASE TERM COVERAGE RATIO TOP TEN TENANTS % OF NOI KROGER Walgreens 23.44% BioLife Plasma Services L.P. 4.85% 33 OTHER Dollar General 14.72% Fresenius Medical Care 4.78% TENANTS AAP WALGREENS Tractor Supply 10.46% Hy-Vee Grocery 3.55% FD CVS Pharmacy 5.88% Family Dollar 3.12% HY-VEE DOLLAR Hobby Lobby 4.90% Advance Auto Parts 2.82% FMC GENERAL Our portfolio tenants are primarily investment-grade, as determined by nationally recognized BL TRACTOR statistical rating organizations that are approved by the U.S. Securities and Exchange HL SUPPLY Commission to provide information that financial firms may rely on for regulatory purposes. CVS An investment-grade rating is a rating that indicates that a corporate bond has a relatively 23+14+11865415 lower risk of default than a corporate bond with a speculative grade. Total assets under management (AUM) and number of states are inclusive of ExchangeRight and its affiliates. Past performance of the Sponsor and any past offerings is not indicative of future results. 3 recession resilient ExchangeRight seeks to provide capital preservation and stable income by focusing on the asset class that performed the very best through the Great Recession: necessity-based net-leased real estate. Th e chart below contrasts quarter‐over‐quarter changes to net operating incomes (“NOIs”) of net-leased retail with other major asset classes during the Great Recession of 2008–2010. Th e net-leased retail asset class is represented by Realty Income Trust’s (NYSE:O) net-leased assets under management during the same period. Realty Income Trust is the world’s largest publicly traded net-leased retail REIT. Investors should not rely on past performance as an indicator or guarantee of future results. net lease retail’s performance through the great recession NOI INDEX: Q1 2008–Q4 20101 105 101.96 100 100.32 95 90 89.13 88.80 88.21 85 80 2008 2009 2010 Apartment Industrial Office Retail Net-Leased Retail2 ExchangeRight seeks to further protect investor capital and income by focusing on › Essential Businesses › Recession-Resilient Industries › Investment-Grade Credit Tenants key assumptions and sources 1. This graph presents historical operating data sourced from CoStar, one of the world’s largest databases of commercial real estate operating history. All NOIs are indexed to 100 to show how they changed through the Great Recession. 2. Th e historical data from assets within Realty Income was sourced from the “same store rent growth” as disclosed in Realty Income Trust’s SEC fi lings, representing Realty Income’s annual change in NOI of properties under Realty Income Trust’s management during the 2008–2010 period presented. 4 1 tenant profiles ExchangeRight seeks to provide capital preservation and stable income by focusing Primarily investment-grade tenants operating essential on the asset class that performed the very best through the Great Recession: businesses within recession-resilient industries. necessity-based net-leased real estate. Th e chart below contrasts quarter‐over‐quarter changes to net operating incomes (“NOIs”) of net-leased retail with other major top 10 tenants asset classes during the Great Recession of 2008–2010. Th e net-leased retail asset class is represented by Realty Income Trust’s S&P Rated: Investment Grade BBB (Long-Term) (NYSE:O) net-leased assets under management during the same period. Realty Income Trust is the world’s largest publicly traded A-2 (Short-Term) net-leased retail REIT. Investors should not rely on past performance as an indicator or guarantee of future results. net lease retail’s performance through the great recession S&P Rated: Investment Grade BBB (Long-Term) A-2 (Short-Term) NOI INDEX: Q1 2008–Q4 20101 105 S&P Rated: Investment Grade BBB (Long-Term) 101.96 100 100.32 S&P Rated: Investment Grade BBB (Long-Term) A-2 (Short-Term) 95 90 89.13 No Publicly-Rated Debt 88.80 88.21 85 Leases are guaranteed by Baxalta Inc., which senior unsecured notes are investment grade BBB+ 80 2008 2009 2010 Leases are guaranteed by Fresenius Medical Care Holdings, Inc., Apartment Industrial Office Retail Net-Leased Retail2 which senior unsecured notes are investment grade BBB ExchangeRight seeks to further protect investor capital and income by focusing on NAIC Rated: Investment Grade 2 (NAIC discloses that their “2” rating is › Essential Businesses › Recession-Resilient Industries › Investment-Grade Credit Tenants the equivalent of a BBB-, BBB, or BBB+ investment-grade rating by S&P) Family Dollar Stores, Inc. is a wholly owned subsidiary of key assumptions and sources Dollar Tree, Inc., which is investment grade BBB by S&P 1. This graph presents historical operating data sourced from CoStar, one of the world’s largest databases of commercial real estate operating history. All NOIs are indexed to 100 to show how they changed through the Great Recession. S&P Rated: Investment Grade BBB- (Long-Term) 2. Th e historical data from assets within Realty Income was sourced from the “same store rent growth” as disclosed in Realty Income Trust’s SEC fi lings, representing Realty Income’s annual change in NOI of properties under Realty Income Trust’s management during the 2008–2010 period presented. “Investment-grade” is determined by nationally recognized statistical rating organizations that are approved by the U.S. Securities and Exchange Commission to provide information that financial firms may rely on for regulatory purposes. An investment grade rating is a rating that indicates that a corporate bond has a relatively lower risk of default than a corporate bond with a speculative grade. 5 1 liquidity and exit strategy ExchangeRight intends to strategically acquire net-leased necessity retail and healthcare properties to grow its total properties under management to $5+ billion within four years. Th e Sponsor believes that this portfolio size will be attractive and marketable, enabling ExchangeRight to seek enhanced returns and liquidity for shareholders via an aggregated sale, merger, listing of its shares on a national securities exchange, or initial public off ering. Current AUM Accumulation Aggregation Liquidity/Exit EXCHANGERIGHT’S ADDITIONAL NET-LEASED AGGREGATED AUM ACQUISITIONS AUM $3.6+ Billion $700+ Million/Year $5+ Billion SALE + + MERGER PUBLIC LISTING IPO 721 EXCHANGE NET-LEASED PORTFOLIO 1031 EXCHANGE OFFERING CASH OUT our scalability and exit approach ExchangeRight anticipates generating diversity and scale for investors by acquiring additional recession-resilient net- leased essential retail and healthcare properties consistent with our investment objectives in preparation of our goal to achieve the scale needed for an eventual aggregated sale, merger, public listing, or IPO. Th e cash fl ow and value from ExchangeRight’s corporate AUM are diversifi ed by: PROPERTY LOCATION TENANT INDUSTRY LEASE TERM DEBT TERM Th is strategy describes ExchangeRight’s intended exit approach and may change based on future circumstances outside of its control. Past performance of ExchangeRight and any past off erings is not indicative of future results. Liquidity, exit objectives, timing, and results are not guaranteed. Investing in real estate involves risks. 6 public market comparables ExchangeRight tracks the performance and metrics of publicly traded net lease REITs to ensure that its portfolio and ExchangeRight intends to strategically acquire net-leased necessity retail and healthcare properties off ering construction are in alignment with its ultimate exit and liquidity strategy. Th e graph below compares the key to grow its total properties under management to $5+ billion within four years. Th e Sponsor metrics of publicly traded net lease REITs against the current and past returns of ExchangeRight’s assets under management. 5-yr avg believes that this portfolio size will be attractive and marketable, enabling ExchangeRight to seek historical walt q2 2020 rent q3 2020 rent q4 2020 rent 1 1 2 4 4 4 enhanced returns and liquidity for shareholders via an aggregated sale, merger, listing of its shares reit name tkr market cap dividend yield (years) collections collections collections on a national securities exchange, or initial public off ering. Realty Income Corporation O $25.55 B 4.26% 9.00 88% 93% 94% National Retail Properties, Inc. NNN $8.14 B 4.45% 10.70 69% 90% 96% Agree Realty Corp. ADC $4.51 B 3.75% 9.70 95% 98% 99% Current AUM Accumulation Aggregation Liquidity/Exit EXCHANGERIGHT’S ADDITIONAL NET-LEASED AGGREGATED STORE Capital STOR $9.3 B 4.54% 14.00 73% 87% 90% AUM ACQUISITIONS AUM $3.6+ Billion $700+ Million/Year $5+ Billion Acadia Realty Trust AKR $1.87 B 4.67% Approx.
Load more

Recommended publications
  • Realty Income
    REALTY INCOME 2019 ANNUAL REPORT Celebrating 25 Years on the New York Stock Exchange PERFORMANCE HIGHLIGHTS SINCE 1994 NYSE LISTING(1) 16.5% COMPOUND AVERAGE ANNUAL TOTAL SHAREHOLDER RETURN 5.0% ANNUAL AFFO PER SHARE GROWTH “The Company believes that owning a diversified portfolio of commercial properties operated under triple-net lease agreements may offer it one of the best 4.5% opportunities for creating predictable COMPOUND AVERAGE ANNUAL DIVIDEND PER SHARE GROWTH results for its Shareholders.” – PROSPECTUS, 1994 104 DIVIDEND INCREASES TABLE OF CONTENTS 2 Company Performance 4 Letter to Shareholders 89 10 Historical Financial Performance CONSECUTIVE QUARTERLY DIVIDEND INCREASES 12 Real Estate Portfolio 16 Disciplined Investment Process 18 Conservative Capital Structure 19 Dependable Monthly Dividends 0 2 0 Corporate Responsibility DIVIDEND REDUCTIONS 2 2 Select Financial Data 2 9 Company Information (1) As of 12/31/19 1969 Realty Income is founded by William and Joan Clark 1994 Began trading on the New York Stock Exchange under the ticker symbol “0” 1996 Received investment-grade credit ratings from Moody’s Investors Service and Standard and Poor’s Rating Agency 2011 Completed $1.0 billion in annual property acquisitions for the first time 2013 Closed acquisition of American Realty Capital Trust for $3.2 billion 2015 Added to the S&P 500 index and the S&P High Yield Dividend Aristocrats® index 2016 Surpassed $1.0 billion in annual rental revenue 2017 Credit rating upgraded to ‘A3’ by Moody’s Investors Service 2018 Credit rating upgraded
    [Show full text]
  • RETAIL INVESTOR PRESENTATION Contents
    SECOND QUARTER 2019 RETAIL INVESTOR PRESENTATION Contents Investment Thesis 4 Company Overview 5 Performance Track Record 10 Dependable Dividends 11 Portfolio Diversification 15 Asset Management & Real Estate Operations 22 Investment Strategy 25 Capital Structure and Scalability 28 Business Plan 32 Appendix 33 All data as of June 30, 2019 unless otherwise specified 2 Safe Harbor For Forward-Looking Statements Statements in this investor presentation that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause the company‘s actual future results to differ materially from expected results. These risks include, among others, general economic conditions, domestic and foreign real estate conditions, tenant financial health, the availability of capital to finance planned growth, continued volatility and uncertainty in the credit markets and broader financial markets, property acquisitions and the timing of these acquisitions, charges for property impairments, and the outcome of any legal proceedings to which the company is a party, as described in the company's filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this investor presentation. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made. 3 Investment Thesis Business model offers attractive total return with minimal cash flow volatility PROVEN TRACK RECORD OF RETURNS 16.4% Compound Average Annual Total Return Since ‘94 NYSE Listing 0.4 Beta vs.
    [Show full text]
  • DEVELOP | ACQUIRE | PARTNER Safe Harbor
    DEVELOP | ACQUIRE | PARTNER Safe Harbor This presentation contains certain statements that are the Company’s and Management’s hopes, intentions, beliefs, expectations, or projections of the future and might be considered forward-looking statements under Federal Securities laws. Prospective investors are cautioned that any such forward- looking statements are not guarantees of future performance and involve risks and uncertainties. The Company’s actual future results may differ significantly from the matters discussed in these forward- looking statements and we may not release revisions to these forward-looking statements to reflect changes after we’ve made the statements. Factors and risks that could cause actual results to differ materially from expectations are disclosed from time to time in greater detail in the company’s filings with the SEC including, but not limited to, the Company’s report on Form 10-K, as well as Company press releases. 1 Agree Realty Corporation (NYSE: ADC) Retail net lease growth company focused on the acquisition and development of high-quality retail properties Our Company . $1.0 billion retail net lease REIT headquartered in Bloomfield Hills, MI and listed on the NYSE under ticker ADC . 279 retail properties totaling approximately 5.2 million square feet in 41 states . 51.4% investment grade tenants and 11.4 years average remaining lease term Our History . Founded in 1971 as developer, owner and manager of retail properties . IPO in 1994 to continue and expand business of predecessor company . Formally launched an acquisition platform in 2010 and Joint Venture Capital Solutions (“JVCS”) business in 2012 Our Business Plan . Opportunistically expand and diversify our high-quality retail net lease portfolio through a refined and disciplined investment strategy .
    [Show full text]
  • INSTITUTIONAL INVESTOR PRESENTATION Contents
    SECOND QUARTER 2019 INSTITUTIONAL INVESTOR PRESENTATION Contents Investment Thesis 4 Company Overview 5 Performance Track Record 6 2Q19 Results and Recent Developments 13 Portfolio Diversification 20 Defensive Retail Portfolio 25 Asset Management & Real Estate Operations 30 Investment Strategy 33 Capital Structure & Scalability 40 Dependable Dividends 44 Corporate Responsibility 46 Summary 48 Appendix 49 - Superior Performance During Great Recession 50 - Top Industries Overview 55 2 All data as of June 30, 2019 unless otherwise specified Safe Harbor For Forward-Looking Statements Statements in this investor presentation that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause the company‘s actual future results to differ materially from expected results. These risks include, among others, general economic conditions, domestic and foreign real estate conditions, tenant financial health, the availability of capital to finance planned growth, continued volatility and uncertainty in the credit markets and broader financial markets, property acquisitions and the timing of these acquisitions, charges for property impairments, and the outcome of any legal proceedings to which the company is a party, as described in the company's filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this investor presentation. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.
    [Show full text]
  • Investment Facts (As of March 31, 2021, Unless Noted)
    Investment Facts (As of March 31, 2021, unless noted) COMPANY DESCRIPTION AT A GLANCE: Realty Income, The Monthly Dividend Company, is an S&P 500 Stock Information (as of May 3, 2021) company. For over 52 years, our investors have enjoyed monthly Ticker Symbol: “O” - NYSE dividends which have steadily increased over time. The monthly 52-Week High/Low: $69.40 / $49.99 dividend is supported by over 6,600 real estate properties that generate rental revenue from long-term lease agreements with Dividend Information (as of May 3, 2021) commercial clients. Realty Income was founded in 1969 Annualized Dividend Amount: $2.82 and became a NYSE public company in October 1994. Monthly Dividend Amount: $0.235 NYSE Ticker Symbol: “O”. Dividend Yield: 4.1% Investment Highlights: (since 1994 NYSE listing) ANNUALIZED DIVIDENDS AND DIVIDEND INCREASES (AS OF MAY 3, 2021) • Compound average annual return of 15.2% 110 Dividend increases since 1994 • Compound average annual dividend 94 Consecutive quarterly increases 4.4% CAGR $2.82 growth rate of approximately 4.4% 609 Consecutive monthly dividends paid for 52 years Representing over $7.8 billion • Dividend growth of 213% (as of May 3, 2021) • Over $7.8 billion in dividends paid $0.90 (as of May 3, 2021) • 110 dividend increases (as of May 3, 2021) DI 1 1 1 4 4 4 4 4 4 5 5 5 5 5 4 4 5 5 5 4 5 6 5 5 5 5 • Approximately $22.5 billion in real estate investments since 2010 THE “MAGIC” OF RISING (including 2013 acquisition of ARCT) DIVIDENDS OVER TIME • Total capitalization of $32.3 billion Increased Income = Increased investment return potential over • Total equity market capitalization time.
    [Show full text]
  • Investment Facts (As of September 30, 2020, Unless Noted)
    Investment Facts (As of September 30, 2020, unless noted) COMPANY DESCRIPTION AT A GLANCE: Realty Income, The Monthly Dividend Company®, is an S&P 500 company. For over 51 years, our investors have enjoyed Stock Information (as of November 2, 2020) monthly dividends which have steadily Ticker Symbol: “O” - NYSE increased over time. The monthly dividend is supported by over 6,500 52-Week High/Low: $82.44 / $42.50 real estate properties that generate rental revenue from long-term lease Dividend Information (as of November 2, 2020) agreements with commercial tenants. Annualized Dividend Amount: $2.808 Realty Income was founded in 1969 and became a NYSE public company in Monthly Dividend Amount: $0.2340 October 1994. NYSE Ticker Symbol: “O”. Dividend Yield: 4.7% ANNUALIZED DIVIDENDS AND DIVIDEND INCREASES (AS OF NOVEMBER 2, 2020) Investment Highlights: (since 1994 NYSE listing) > 108 DIVIDEND INCREASES SINCE 1994 • Compound average annual return of 15.3% > 92 CONSECUTIVE QUARTERLY INCREASES • Compound average annual dividend growth > COMPOUND AVERAGE ANNUAL GROWTH RATE OF APPROXIMATELY 4.5% > 603 CONSECUTIVE MONTHLY DIVIDENDS PAID FOR 51 YEARS rate of approximately 4.5% REPRESENTING OVER $7.3 BILLION • Dividend growth of 212% (as of November 2, 2020) • Over $7.3 billion in dividends paid (as of November 2, 2020) • 108 dividend increases (as of November 2, 2020) • Approximately $20.5 billion in real estate investments since 2010 (including 2013 acquisition of ARCT) • Total capitalization of $29.8 billion • Total equity market capitalization
    [Show full text]
  • Institutional Investor Presentation
    SECOND QUARTER 2020 INSTITUTIONAL INVESTOR PRESENTATION Contents Investment Thesis 4 Company Overview 6 Summary of COVID-19 Impact 7 Superior Performance During Great Recession 11 Performance Track Record 16 Our Approach and 2Q20 Results 24 Portfolio Diversification 25 Defensive Retail Portfolio 30 Asset Management & Real Estate Operations 35 Investment Strategy 39 Capital Structure & Scalability 45 Dependable Dividends 49 Corporate Responsibility 51 Summary 53 Appendix 54 - Top Industries Overview 55 All data as of June 30, 2020 unless otherwise specified 2 Safe Harbor For Forward-Looking Statements Statements in this investor presentation that are not strictly historical are “forward-looking” statements. Forward-looking statements involve known and unknown risks, which may cause the company’s actual future results to differ materially from expected results. These risks include, among others, general economic conditions, domestic and foreign real estate conditions, tenant financial health, the availability of capital to finance planned growth, volatility and uncertainty in the credit markets and broader financial markets, changes in foreign currency exchange rates, property acquisitions and the timing of these acquisitions, charges for property impairments, the effects of the COVID-19 pandemic and the measures taken to limit its impact, the effects of pandemics or global outbreaks of contagious diseases or fear of such outbreaks, the company's tenants' ability to adequately manage its properties and fulfill their respective lease obligations to the company, and the outcome of any legal proceedings to which the company is a party, as described in the company’s filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company’s current operating plans and estimates.
    [Show full text]
  • Realty Income to Merge with Vereit® in All-Stock Transaction
    REALTY INCOME TO MERGE WITH VEREIT® IN ALL-STOCK TRANSACTION - All-Stock Transaction Expected to Generate 10%+ Accretion to Annualized AFFO per Share - Enhanced Size, Scale, Diversification and Synergies to Drive Future Growth and Value Creation - Expect to Spin-Off Assets in Dedicated Portfolio of Office Properties - Conference Call to Discuss Transaction to be Held at 8:00am ET SAN DIEGO and PHOENIX, April 29, 2021….Realty Income Corporation (NYSE: O) (“Realty Income”), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE: VER) (“VEREIT”) today announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with an enterprise value of approximately $50 billion. Under the terms of the agreement, VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own. Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office properties of both companies into a new, self-managed, publicly traded REIT (“SpinCo”). Following the merger and the spin-off, Realty Income will continue as the surviving public entity. Realty Income and former VEREIT shareholders are expected to own approximately 70% and 30%, respectively, of both Realty Income and SpinCo. The transactions are expected to be over 10% accretive to Realty Income’s AFFO per share in year one, add meaningful diversification that further enables new growth avenues, strengthen cash flow durability, and provide significant financial synergies, particularly through accretive debt refinancing opportunities. Realty Income’s growth strategy will remain focused primarily on high-quality, single-tenant net lease retail and industrial properties in the U.S.
    [Show full text]
  • 19 Blue Chip Stocks for Incredibly Reliable Dividends
    19 Blue Chip Stocks For Incredibly Reliable Dividends Generally, blue chip stocks are those of the highest quality, and many provide reliable dividends. Investors may be familiar with the term blue chip stock. This is because blue chips were traditionally the most valuable at a casino. And while investors should never associate the stock market with gambling, blue-chip stocks refer to the best of the best. We believe blue chip stocks are those that pay dividends to shareholders, and have increased their dividends each year for at least 10 years in a row. Blue chips offer safe dividends, that continue to be increased even during economic downturns. 19 Blue Chip Stocks The following 19 stocks qualify as blue chips, and are among the most dependable stocks for reliable dividends. 1. Johnson & Johnson (JNJ) No list of blue-chip stocks would be complete without Johnson & Johnson, the largest U.S. healthcare company by market cap. Johnson & Johnson is a diversified health care company and a leader in the area of pharmaceuticals (~49% of sales), medical devices (~34% of sales), and consumer products (~17% of sales). Further, Johnson & Johnson generates annual sales in excess of $90 billion. Johnson & Johnson has increased its dividend for 58 consecutive years. With over 50 consecutive years of reliable dividend increases, Johnson & Johnson is on the exclusive list of Dividend Kings. Related read: The complete list of all 31 Dividend Kings. 2. Procter & Gamble (PG) Procter & Gamble is a consumer staples giant with a large portfolio of leading brands. Some of its notable brands include Pampers, Tide, Bounty, Charmin, Gillette, Old Spice, Febreze, Crest, Oral-B, Olay, and many more.
    [Show full text]
  • Form 10-K Realty Income Corporation
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 1-13374 REALTY INCOME CORPORATION (Exact name of registrant as specified in its charter) Maryland 33-0580106 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 11995 El Camino Real, San Diego, California, 92130 (Address of Principal Executive Offices) Registrant’s telephone number, including area code: (858) 284-5000 Securities registered pursuant to Section 12(b) of the Act: Title of each Class Trading Symbol Name of each exchange on which registered Common Stock, $0.01 Par Value O New York Stock Exchange 1.625% Notes due 2030 O30 New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Realty Income 2018 Annual Report 1 Historical Financial Performance (Unaudited; Dollars in Millions, Except Per Share Data)
    2018 ANNUAL REPORT POSITIONED PREPARED COMPANY PERFORMANCE COMPOUND AVERAGE ANNUAL TOTAL SHAREHOLDER RETURN SINCE 1994 NYSE LISTING (AS OF DECEMBER 31, 2018) REALTY INCOME 16.3% DOW JONES INDUSTRIAL AVERAGE 10.2% EQUITY REIT INDEX 10.1% NASDAQ COMPOSITE 9.3% S&P 500 9.3% SUPPORTED BY CONSISTENT DIVIDEND GROWTH ANNUALIZED DIVIDENDS AND DIVIDEND INCREASES(1) $2.65 COMPOUND CONSECUTIVE DIVIDEND INCREASES AVERAGE ANNUAL QUARTERLY SINCE 1994 4.6%GROWTH RATE 85 INCREASES 99 NYSE LISTING $0.90 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 (1) Annualized dividend amount reflects the December declared dividend rate per share multiplied by 12. All information as of December 31, 2018. TABLE OF CONTENTS HISTORICAL FINANCIAL PERFORMANCE 2 LETTER TO SHAREHOLDERS 4 WELL-POSITIONED PORTFOLIO 14 DISCIPLINED INVESTMENT PROCESS 16 CONSERVATIVE CAPITAL STRUCTURE 18 POSITIONED FOR DEPENDABLE MONTHLY DIVIDENDS 20 CORPORATE RESPONSIBILITY 22 SELECT FINANCIAL DATA 24 COMPANY INFORMATION 29 2018 PERFORMANCE HIGHLIGHTS 4.2% 4.1% AFFO PER SHARE GROWTH DIVIDEND PER SHARE GROWTH 15.9% $1.28 TOTAL SHAREHOLDER RETURN BILLION RENTAL REVENUE $1.80 $1.89 BILLION INVESTMENT VOLUME BILLION ATTRACTIVELY PRICED CAPITAL RAISED 98.6% 103.3% PORTFOLIO OCCUPANCY RECAPTURE RATE ON EXPIRING LEASES REALTY INCOME 2018 ANNUAL REPORT 1 HISTORICAL FINANCIAL PERFORMANCE (UNAUDITED; DOLLARS IN MILLIONS, EXCEPT PER SHARE DATA) For the Years Ended December 31, 2018 2017 2016 2015 2014 2013 2012 2011 2010 Total revenue(1) $1,281 $1,170 $1,060 $980 $895 $760 $484
    [Show full text]
  • Retail Investor Presentation 3Q 2020
    January 2021 RETAIL INVESTOR PRESENTATION Contents Company Overview 4 Summary of COVID-19 Impact 7 Performance Track Record 10 Dependable Dividends 14 Portfolio Diversification 18 Asset Management & Real Estate Operations 25 Investment Strategy 28 Capital Structure and Scalability 31 Corporate Responsibility 35 Business Plan 37 Appendix 38 All data as of September 30, 2020 unless otherwise specified 2 Safe Harbor For Forward-Looking Statements Statements in this investor presentation that are not strictly historical are “forward-looking” statements. Forward-looking statements involve known and unknown risks, which may cause the company’s actual future results to differ materially from expected results. These risks include, among others, general economic conditions, domestic and foreign real estate conditions, tenant financial health, the availability of capital to finance planned growth, volatility and uncertainty in the credit markets and broader financial markets, changes in foreign currency exchange rates, property acquisitions and the timing of these acquisitions, charges for property impairments, the effects of the COVID-19 pandemic and the measures taken to limit its impact, the effects of pandemics or global outbreaks of contagious diseases or fear of such outbreaks, the company's tenants' ability to adequately manage its properties and fulfill their respective lease obligations to the company, and the outcome of any legal proceedings to which the company is a party, as described in the company’s filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company’s current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release.
    [Show full text]