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Press Release For the three months ended March 31 , 2021 : REALTY INCOME ANNOUNCES OPERATING RESULTS FOR FIRST QUARTER 2021 REALTY CEO Comments SAN DIEGO , CALIFORNIA , May 3 , 2021 .... Realty Income Corporation ( Realty Income , NYSE : O ) , The Monthly Dividend Company® , today announced operating results for the first quarter ended March 31 , 2021. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise . COMPANY HIGHLIGHTS : Exhibit 99.1 INCOME The Monthly Dividend Company® Net income per share was $ 0.26 AFFO per share was $ 0.86 Invested $ 1.03 billion in properties and properties under development or expansion , including $ 403.0 million in U.K. properties Completed the early redemption on all $ 950.0 million in principal amount of our outstanding 3.250 % notes due October 2022 Realty Income Corporation Raised $ 670 million in net proceeds from a common stock public offering of 12,075,000 shares , inclusive of 1,575,000 shares purchased the underwriters upon exercise of their option to purchase additional shares " Our business momentum continues to illustrate the growth opportunities afforded to us through a mix of investment verticals in an increasingly diversified platform . Our pending merger with VEREIT is consistent with this trajectory , as the transaction , once completed , is expected to drive immediate earnings accretion , create additional growth opportunities through enhanced size , scale , and diversification , and allow for meaningful strategic and financing synergies . Additionally , our continued success in the U.K. gives us confidence in the portability of our business model initiatives as One Team on behalf of our investors and clients , " said Sumit Roy , Realty Income's President and Chief Executive Officer . " I remain inspired by the dedication and talent of our team who continues to execute across our strategic initiatives . During the quarter , we invested over $ 1.0 billion in properties with attractive risk - adjusted yields , including nearly $ 403 million in the U.K. We are proud to have eclipsed the $ 2.0 billion investment mark in our U.K. portfolio within the first two years of our initial acquisition abroad . Moreover , with our first investment in Hawaii , our real estate portfolio now reaches all U.S. states , demonstrating the size , scale , and diversity of our platform . Further , in April we published our inaugural Sustainability Report , which outlines our dedication to embracing a changing world for the benefit of all those we serve . " 11995 El Camino Real , San Diego , CA 92130 " Looking forward , our rent collections have improved and stabilized , the business is well - positioned to capitalize on our active global investment pipeline , and we finished the quarter with approximately $ 2.5 billion of liquidity and a net debt to EBITDAre ratio of 5.3x . We remain on pace to meet our 2021 investment guidance of over $ 3.25 billion . " ( 858 ) 284-5000