ESCONDIDO, Calif., Sept. 10, 2014 /PRNewswire/ -- Realty Income today announced the company will celebrate its 20th anniversary of listing on the New York Stock Exchange (NYSE) by ringing The Closing Bell® on Thursday, September 11, 2014 at 4:00 p.m. Eastern Daylight Time.
Commenting on this notable milestone, Chief Executive Officer and Director, John P. Case said, "We are pleased to commemorate our 20th anniversary as a publicly traded company by ringing The Closing Bell® at the NYSE. On the company's first day of trading on the NYSE in 1994, our shares closed at $8.00 per share. As of September 4, 2014, our shares closed at $44.62 per share which, together with the reinvestment of dividends, has resulted in a compounded average annual total return of 17% to our shareholders. Over this time, we have grown our real estate portfolio from 630 properties to over 4,200 properties, increased our total enterprise value from approximately $400 million to $15 billion, and raised the dividend by a compounded average annual growth rate of approximately 5%. I want to thank our many team members for their efforts which have contributed to our success over our 20-year history as a public company. We are honored to celebrate our track record at the NYSE and remain committed to continuing our industry-leading operational performance for our shareholders well into the future."
A broadcast of the event will begin at 3:56 p.m. EDT and can be viewed live on Realty Income's website at www.realtyincome.com and on the NYSE website at https://www.nyse.com/bell.
About the Company
Realty Income, The Monthly Dividend Company®, is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date, the company has declared 531 consecutive common stock monthly dividends throughout its 45-year operating history and increased the dividend 77 times since Realty Income's listing on the New York Stock Exchange in 1994. The monthly income is supported by the cash flow from over 4,200 properties owned under long-term lease agreements with regional and national retail chains and other commercial tenants. The company is an active buyer of net-leased properties nationwide. Additional information about the company can be obtained from the corporate website at www.realtyincome.com or www.twitter.com/realtyincome.
Forward-Looking Statements
Statements in this press release 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, local 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 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. 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.
Note to Editors:
Realty Income press releases are available on the Internet at www.realtyincome.com/invest/newsroom-library/press-releases.shtml
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SOURCE Realty Income Corporation
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