Realty Income Corporation is a top REIT pick due to its strong performance, CPI-based rent escalators, and attractive 5% dividend yield. Q2 2024 results exceeded expectations with $1.339 billion in revenue and $1.07 AFFO per share, driven by the Spirit Realty acquisition. Realty Income's leverage improved and the all important occupancy remained high.
O stock records a rally recently. Let's take a look to see whether it's too late to invest or if you should add the shares to your portfolio now.
Realty Income will benefit from lower interest rates, reducing borrowing costs and enhancing profitability for acquisitions. The U.S. and European net lease markets represent a massive $13.9 trillion growth opportunity for the company. Realty Income's business model consistently delivers 8-11% returns through diversified investments and strategic capital allocation.
Realty Income Corp. (O) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The latest trading day saw Realty Income Corp. (O) settling at $62.64, representing a +0.13% change from its previous close.
Realty Income's exceptional tenant quality has helped it increase its annual payment for decades. Phillip Morris is using technology and innovation to stay ahead in the tobacco industry.
Realty Income is the largest net lease REIT. The company has made notable portfolio changes during the past decade.
Income investors may do well to layer into quality stocks when they become attractive in price, as in the case with Realty Income at present. Realty Income currently yields above the key psychological level of 5% and offers wide exposure to properties across the U.S. and Europe. It has plenty of untapped opportunity, with the support of a strong balance sheet and is demonstrating respectable AFFO per share growth.
Dividend yields move in the opposite direction of stock prices. At its current share price, Realty Income already offers a 5% yield, and it routinely increases its monthly dividend payouts.
I prioritize dividend growth over yield, focusing on Dividend Aristocrats like Realty Income, Chevron, and Genuine Parts Company for their consistent dividend increases and robust cash flows. Realty Income, a leading REIT, offers a 5% dividend yield and potential 11% upside, despite tenant challenges and recent stock re-rating. Chevron, a diversified energy giant, trades at a low forward P/E of 10.8x with a 4.6% yield, poised for growth with rising crude prices.
Dividend stocks can provide stability during rough times like today.
Realty Income is a diversified real estate investment trust that pays a high yield. Its strong diversification and solid results have made it a safe stock to own over the years.