Effectuate a taxable spin-off of office properties
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 29 Apr 2021
- Due
- 31 Dec 2021
- Delivered
- November 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office properties of both companies into a new, self-managed, publicly traded REIT”
What we found
Evidence strength A What the grades mean
Realty Income completed the spin-off of substantially all of its office assets into Orion Office REIT Inc. in November 2021, following the merger with VEREIT.
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A Realty Income 10-K filed 2022-02-23
“In November 2021, we completed the spin-off of substantially all of our office assets into Orion Office REIT Inc.” ✓ confirmed on the page
Market reaction: the shares moved +0.2% against the S&P 500 over the three sessions around the disclosure (22 Feb 2022 to 25 Feb 2022). What this measures
Checked 19 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Separation
- Indicative materiality
- Transformational rules
- Action
- Effectuate
- Deliverable
- Spin-off of office properties
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: customary conditions
- Depends on
- Regulatory, Shareholder
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-O-016542 · Corrections policy