What is the primary purpose of this 8-K filing?

This 8-K filing serves as a Regulation FD disclosure, providing an update on Realty Income Corporation's recent and ongoing property acquisition activities and reminding investors about the proposed merger with American Realty Capital Trust, Inc. (ARCT).

How significant have Realty Income's acquisitions been in the latter half of 2012?

Realty Income has been very active, acquiring or entering into agreements to acquire properties with an aggregate purchase price of approximately $779 million from July 1, 2012, through September 27, 2012. The company projects total acquisitions for 2012 to exceed $1.0 billion.

How are these new acquisitions being funded?

The company expects to fund future acquisitions, including those from ARCT that close post-merger, using borrowings under its acquisition credit facility or potentially through the issuance of additional securities.

What is the nature and diversification of the acquired properties?

The acquisitions consist of approximately 145 single-tenant net leased properties leased to 26 different tenants. These are all property types that Realty Income already holds in its portfolio, and importantly, no single tenant will account for more than 10% of the company's assets (as of Dec 31, 2011) across all 2012 acquisitions.

O 8-K: Regulation FD — Oct 1, 2012

Summary

This 8-K filing by Realty Income Corporation (O) provides an update on the company's significant acquisition activities and a reminder of its pending merger with American Realty Capital Trust, Inc. (ARCT). The company highlights substantial property acquisitions in the latter half of 2012, totaling approximately $779 million in contracted and closed deals as of September 27, 2012, with an expectation to exceed $1.0 billion in acquisitions for the full year. These acquisitions are diversified across 145 single-tenant properties and 26 tenants, fitting within Realty Income's existing portfolio strategy. The filing also details ARCT's concurrent acquisition pipeline, further consolidating the REIT landscape. For investors, the key takeaway is Realty Income's aggressive growth strategy through external acquisitions, aiming to significantly expand its portfolio in 2012. The details provided offer transparency on the scale, diversification, and nature of these pending and completed transactions. The information on funding, primarily through credit facilities and potential securities issuances, is also crucial for understanding the financial implications of this expansion. Investors should note that these disclosures are made in conjunction with the ongoing S-4 registration statement for the ARCT merger, indicating a period of strategic transformation for the company.

Key Highlights

1Realty Income Corporation (O) acquired or contracted to acquire properties totaling approximately $779 million between July 1, 2012, and September 27, 2012.
2The company anticipates exceeding $1.0 billion in property acquisitions for the full year 2012.
3These acquisitions include approximately 145 single-tenant net leased properties across 26 tenants.
4All acquired or contracted properties are of types already present in Realty Income's existing portfolio.
5No single tenant in the 2012 acquisition pipeline will represent more than 10% of Realty Income's assets as of December 31, 2011.
6American Realty Capital Trust, Inc. (ARCT) also has a significant acquisition pipeline of approximately $78 million planned for the second half of 2012 and first half of 2013.
7Future acquisitions are expected to be funded through borrowings under an acquisition credit facility or potential securities issuances.

REALTY INCOME CORP 8-K Report, Regulation FD Disclosure (Oct 1, 2012)

Summary

Key Highlights

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