With the ARCT Acquisition, Realty Income Moves Up the Quality Curve

Realty Income Corp (NYSE:O) (NYSE:O-E) (NYSE:O-D) agreed to acquire American Realty Capital Trust Inc (NASDAQ:ARCT) in a $2.9 billion deal. According to the Press Release, Realty Income Corp (NYSE:O) (NYSE:O-E) (NYSE:O-D) is a real estate company that has paid 505 consecutive monthly dividends through its 43 year history, enabled primarily due to the cash flow received from over 2,600 properties held under long term leases. American Realty Capital Trust Inc (NASDAQ:ARCT) is a leading REIT that acquires, owns, and operates single-tenant, freestanding commercial properties, under long-term net leases with primarily investment grade tenants. The deal is structured as follows. Realty Income Corp…