Realty Income, One of Cramer's Favorites, Issues $800 Million Notes

Realty Income Corporation (NYSE:O) is one of the Jim Cramer’s Recession-Proof Stock Picks.

Jim Cramer prefers Realty Income Corporation (NYSE:O) over Gladstone Land while the former announces $800 million notes issuance.

On August 6, 2025, Realty Income Corporation (NYSE:O) reported a revenue of $1.41 billion for the second quarter ended June 2025. The figure suggests a 5.3% increase compared to the same quarter previous year. The revenue beat the consensus estimate by 1.04% while it fell behind the EPS estimate by -0.94%, reaching $1.05. On September 25, 2025, the company entered a purchase agreement with several underwriters. The agreement allows for the issue and sale of $800 million in aggregate principal amount of notes, split between 3.950% Notes due 2029 and 4.500% Notes due 2033. Following the decision, the stock’s weekly performance has seen a slight uptick of 0.13%.

In a lightning round, played earlier this year, on March 19, 2025, Jim Cramer responded to a caller’s stock question using the following statement.

“I’m going to see your Gladstone Land and raise you with Realty Income.”

With Cramer emphasizing the importance of Realty Income Corporation (NYSE:O) in the REITs market, the stock is also backed by 27 hedge funds signaling confidence in its income-generating potential.

Founded in 1969 and headquartered in California, Realty Income Corporation (NYSE:O) is a major REIT, known for its prompt monthly dividend payments. The company owns and leases a diversified portfolio of over 15,000 single-tenant commercial properties under long-term net lease agreements.

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