Real Estate Investment Trusts (REITs) are underperforming the market this year as concerns about the economy and interest rate remain. The closely watched iShares Global REIT ETF (REET) stock has risen by just 2.4% while the Vanguard Real Estate Index Fund (VNQ) is up by just 3.30%.
Healthy demand for Realty Income's (O) properties and a diverse tenant base are likely to have benefited the company's Q2 earnings. The steady rise in the monthly dividend payment is encouraging.
Evaluate the expected performance of Realty Income Corp. (O) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Realty Income Corp. (O) closed at $58.37 in the latest trading session, marking a +0.27% move from the prior day.
Realty Income's stock has struggled for the past five years due to higher interest rates. Some large tenants have recently begun to close stores.
We had previously rated Broadstone Net Lease as a Buy and gave it preference over Realty Income. BNL outperformed Realty Income by a 2:1 ratio, with total returns of 26%. We go over 3 reasons why we are downgrading this to a Hold.
REITs Realty Income and Agree Realty have similar businesses. Realty Income has a $50 billion market cap and a 5.5% yield.
Realty Income pays a high-yielding dividend with a very sustainable foundation. The REIT is among the least volatile stocks in the S&P 500.
Realty Income is a slow and steady tortoise in the real estate investment trust sector. A $100,000 investment in this boring REIT would generate nearly $5,500 in income every year at the current distribution rate.
Realty Income is one of the world's largest monthly dividend-paying real estate investment trusts (REITs). It has paid 649 consecutive monthly dividends to investors and increased its dividend for nearly 30 years in a row.
Realty Income Corporation's top tenants are facing challenges and closing stores. This is one more sign that its portfolio quality may have degraded over the years. Should you sell your shares or hold on to them? I share my thoughts.
Realty Income pays a rock-solid, high-yielding dividend. The REIT should be able to continue its excellent track record of growing its payout in the coming years.