Realty Income Forms Programmatic Joint Venture with Cloud Capital and a Global Institutional Investor to Invest in Hyperscale Data Centers; Initial Seed Assets Valued at Over $6 Billion

About this update from Realty Income Corporation

- Realty Income, Global Institutional Investor, and Cloud Capital Form JV to Invest in Hyperscale Data Centers - Realty Income Expects to Invest up to $1.4 Billion for 45% Equity Stake in a Three-Asset Northern Virginia Portfolio - JV to Acquire One Stabilized Asset in the Third Quarter of 2026 and Two Assets Under Development at a Future Date - 100% Leased or Pre-Leased Portfolio to Investment‑Grade Hyperscale Tenants Under Long‑Duration Leases SAN DIEGO, June 30, 2026 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced a strategic joint venture with Cloud Capital and its affiliates ("Cloud Capital") and a global institutional investor (the "Global Investor"). The joint venture intends to invest in a diversified portfolio of stabilized hyperscale assets leased to investment-grade tenants under long-duration, triple-net leases. The joint venture has committed to acquire three data center assets which are in strategically located markets and leased to hyperscale tenants (the "Portfolio"). The programmatic nature of the joint venture will provide a platform for Realty Income to take advantage of future investments in qualifying data center developments and acquisitions within the United States and Europe.  "Today's announcement affirms the strength of our business model and its ability to translate across sectors, including digital infrastructure," said Sumit Roy, President and Chief Executive Officer of Realty Income. "We are pleased to advance a scaled digital infrastructure platform while deepening our programmatic relationship with Cloud Capital, which is vertically integrated with CloudHQ, a best-in-class developer and operator. The combination of high-quality data center assets leased to investment-grade tenants, long-duration triple-net leases, and an attractive return profile reflects our disciplined approach to capital allocation and value creation." "Hyperscale customers need infrastructure delivered at unprecedented scale and pace," said Hossein Fateh, Founder and Chief Executive Officer of Cloud Capital and CloudHQ. "Partnering with Realty Income and the Global Investor brings together the capital and the operating expertise to meet that demand and to extend our leadership in the sector." Realty Income expects to invest up to $1.4 billion that will be funded over time,...

View stock analysis, news, and events for Realty Income Corporation