VER - InvestorNewsBreaks - VEREIT Inc. (NYSE: VER) Realty Income Corporation (NYSE: O) Featured in Simply Wall St Journal
VEREIT (NYSE: VER) and Realty Income (NYSE: O) were featured in this week’s Simply Wall St Journal. The piece covers the proposed merger of Realty Income and VEREIT, announced back in April, and details of the deal expected to be completed in the fourth quarter of 2021. “Realty Income Corporation (NYSE: O) is one of the more popular dividend payers. It relies on a lease business model to deliver a stream of predictable monthly income,” the publication reads. “The announced merger with VEREIT (NYSE: VER) could be a positive development for the company's dividend potential and diversifying its property portfolio. Sometimes, investors buy a popular dividend stock because of its yield and then lose money if the company's dividend doesn't live up to expectations. In this case, Realty Income likely looks attractive to investors, given a payment history of over ten years. It would not be a surprise to discover that many investors buy it for dividends.”
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About VEREIT Inc.
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. VEREIT has total real estate investments of $14.5 billion including approximately 3,900 properties and 88.7 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange. VEREIT uses, and intends to continue to use, its Investor Relations website, which can be found at www.VEREIT.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about VEREIT can be found through social media platforms such as Twitter and LinkedIn.
About Realty Income
Realty Income, The Monthly Dividend Company(R), is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,600 real estate properties owned under long-term lease agreements with commercial clients. To date, the company has declared 613 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 111 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats(R) index. Additional information about the company can be obtained from the corporate website at www.RealtyIncome.com.
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