Tom York on Business: Realty Income to Buy Spirit Realty Capital in $9 Billion Stock Deal ...Middle East

Realty Income Corp. headquarters in Carmel Valley. Courtesy on the company San Diego commercial real estate owner-operator Realty Income Corp. said Monday it is acquiring Spirit Realty Capital in an all-stock deal valued at $9 billion-plus.  Realty Income does business as a real estate investment trust, or REIT, which trades like a stock on major exchanges. It owns a vast portfolio of income-producing properties such as convenience stores and shopping centers, income from which is distributed to shareholders regularly. Spirit Realty is a Dallas-based REIT. Realty Income is listed as the nation’s 8th largest REIT as measured by market capitalization, while Spirit Realty is the 44th

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