Summary by Moomoo AI
Realty Income Corporation, a real estate investment trust (REIT), has announced the offering and sale of up to 1,738,767 shares of its common stock. The shares, with a par value of $0.01 per share, may be offered from time to time by a selling stockholder upon redemption of Class A Common Units in Realty Income, L.P. The registration of these shares does not necessarily require the selling stockholders to sell any of their common stock, nor does it require Realty Income Corporation to issue any shares. The company will not receive any proceeds from the issuance or sale of the shares by the selling stockholder but has agreed to pay certain registration expenses. The shares may be offered directly or through...Show More