Realty Income Corporation (NYSE:O) entered into acquisition agreements to acquire additional U.S. and U.K. Properties for approximately $91.8 million.

Realty Income Corporation (NYSE:O) entered into acquisition agreements to acquire additional U.S. and U.K. Properties for approximately $91.8 million on January 8, 2021. In a related transaction, Realty Income Corporation entered into letters of intent to acquire additional U.S. and U.K. Properties for approximately $590 million. Realty Income Corporation is offering 12.1 million shares in an offering for approximately $701.2 million. Realty Income intend to use net proceeds from this offering, along with available cash and additional borrowings as necessary, to fund property acquisitions. The acquisition of properties is subject to numerous uncertainties, including various closing conditions.