Tue. 21 Sep 2021, 1:22pm ETBenzinga
- Realty Income Corp (NYSE:O) has closed on a €93 million sale-leaseback transaction in Spain.
- The deal consists of seven properties under long-term net lease agreements with Carrefour (OTC:CRERF) and its real estate subsidiary Carrefour Property.
- This transaction represents Realty Income's debut real estate acquisition in Continental Europe. The deal closed on September 16, 2021.
- Realty Income held $231.16 million in cash and equivalents as of June 30, 2021.
- Price Action: O shares are trading higher by 0.15% at $67.71 on the last check Tuesday.