Realty Income Corporation announced that the company has closed on a €93 million sale-leaseback transaction in Spain, consisting of seven properties under long-term net lease agreements with Carrefour and its real estate subsidiary Carrefour Property. This transaction represents Realty Income’s debut real estate acquisition in Continental Europe. Debut strategic expansion into Spain together with Carrefour, which represents a natural evolution of our international growth strategy with leading clients. Client-focused strategy and filling the need for a large-scale, well-capitalized institutional real estate partner offering a compelling growth opportunity for future together. This partnership with Carrefour, Europe’s largest food retailer, aligns with Realty Income’s longstanding investment criteria to partner with leading operators in industries that carry limited cash flow volatility and consistent sales trends throughout a variety of economic cycles.
Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,700 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 615 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 112 times since Realty Income’s public.