REG - Realty Income: Potential Double-Digit Returns And Long-Term Dividend Growth

2024-07-01 21:28:36 ET

Summary

• O pays a well-covered monthly dividend of $0.26/share, currently yielding 5.9%.
• Its portfolio is well-diversified both geographically and based on the property-type, with a resilient tenant base and 98.6% occupancy.
• The yield, forecast AFFO growth, and the possibility of lower interest rates have created an interesting opportunity for income/value investors.

Realty Income Corporation ( O ), incorporated in 1969 and headquartered in San Diego, CA, owns and net-leases properties mainly to retailers....

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