Realty Income Closes €93M Sale-Leaseback Transaction In Spain

Realty Income Corp 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 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.