O - Board Member Of Realty Income Makes $199K Sale | Benzinga
Disclosed on December 21, Larry Chapman, Board Member at Realty Income (NYSE:O), executed a substantial insider sell as per the latest SEC filing.
What Happened: Chapman's recent move involves selling 3,500 shares of Realty Income. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value is $199,435.
The latest market snapshot at Thursday morning reveals Realty Income shares up by 0.71%, trading at $57.1.
Discovering Realty Income: A Closer Look
Realty Income owns roughly 13,100 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 17% of revenue.
Realty Income: Delving into Financials
Revenue Growth: Realty Income displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 24.11%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than ...