Benzinga | Sep 21, 2021 01:22PM EDT

Realty Income Closes 93M Sale-Leaseback Transaction In Spain

* Realty Income Corp (NYSE:O) has closed on a (euro)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.