Realty Income Corp is a real estate investment trust founded in 1969 in California, the United States.
The company manages and owns commercial real estate properties across the United States. It focuses on leasing to national and regional retail chain outlets under long term net lease agreements.
The publicly listed REIT claims to serve a diverse group of around 630 different clients across the globe, including the United Kingdom and Puerto Rico.
The REIT units in form of common stocks trade on NYSE under ‘O’ ticker since 1994.
The company’s portfolio comprises over 58 retail outlets. In addition, the firm has over 6,700 properties under long term net lease agreements as of 2020.
It is among S&P 500 company that claims to provide dependable monthly income to its stockholders. The REIT firm says that its monthly dividends are supported by cash flows that are generated from its property portfolio.
Since last 52 years, the real estate investment trust claims to have been managing and acquiring commercial properties that generates rental revenue as part of the undertaken long term net leasing agreements.
The company provides property valuation services, replacement costs, lease, and rental payment solutions.
The publicly listed REIT aims to increase its earnings by either expanding its real estate portfolio or by regularly increasing the rent on the existing lease agreements.
The real estate company reportedly focuses on acquiring single-client and freestanding properties.
Under the non-retail property category, the company focuses on distribution and industrial properties leased to Fortune 1000 firms.
In addition, it claims to generate ancillary revenue from investment in properties like cell towers, solar arrays, ATMs, and electric vehicle charging stations.
The publicly listed REIT operates through various subsidiaries such as O ICE LLC, O CHK INC, Crest Net Lease INC, RISE LLC, Terraza 17 LLC, Reality Income LP, and Reality Income Texas Properties 1 LLC.