Realty Income $O ( ▲ 0.32% )
One of my top Dividend stocks - Realty Income was founded in 1969 as a REIT, and went public in October 1994.
Realty Income is best suited for investors seeking reliable, growing monthly dividends and long-term stability rather than rapid capital appreciation. It’s a conservative, income-focused investment, often held as a core position in dividend portfolios.
Realty Income Corp. owns over 12,000 commercial properties across the U.S. and Europe, with tenants including large, stable businesses such as Walmart, Walgreens, Dollar General, 7-Eleven, and FedEx. From their website:
Our acquisition strategy is to act as a source of capital to industry-leading domestic and international commercial clients by acquiring and leasing back their real estate locations. In addition, we frequently acquire large portfolios of properties net leased to multiple clients in a variety of industries. We are a unique source of capital to real estate sellers through sale-leasebacks, build-to-suits, existing leases and large portfolios. Our 56-year track record along with size, scale and access to capital, enable us to be an effective partner for companies to capitalize on their strategic business objectives.
O's current market capitalization is $51.7 billion, with a share price $57 per share, and a current yield of 5.58%. They are a member of the S&P 500, and if you had reinvested dividends since the IPO, they have outperformed the index significantly.
