REALTY INCOME CORP 8-K

What Happened
Realty Income Corporation announced on January 6, 2026 (via an 8-K and attached press release) that it priced a previously announced offering of 3.500% Convertible Senior Notes due 2029. The notes were offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.

Key Details

• Issuer: Realty Income Corporation.
• Security: 3.500% Convertible Senior Notes, maturity 2029.
• Placement: Offered to qualified institutional buyers under Rule 144A.
• Disclosure note: The 8-K attaches a press release (Exhibit 99.1). The filing does not state the principal amount sold or the intended use of proceeds.

Why It Matters
Convertible notes are debt that can convert into equity under specified terms. For investors, this matters because the issuance affects Realty Income’s capital structure: it increases outstanding debt (and interest obligations at a 3.500% coupon) and could lead to share dilution if conversions occur. The offering to institutional buyers may raise capital for the company, but this 8-K does not disclose the size of the offering or how Realty Income plans to use the proceeds, so further filings or the company’s press release would be needed for full financial impact.