XLRE - Realty Income Q1: Not A Bargain But Still One Of The Best REITs For Income Reliability (Rating Downgrade)

2024-05-13 09:00:00 ET

Summary

• Realty Income provides a reliable stream of income for long-term investors as a result of their strong fundamentals and successful track record.
• The company plans to focus on its core portfolio in the future and prioritize meaningful rent escalators for higher rental revenue growth, which should lead to further share price appreciation.
• Realty Income is guiding for 4% AFFO growth in 2024 and has a secure dividend yield of more than 5%, giving investors near double-digit growth.
• The company's size advantage allows for them to make favorable investments outside of the U.S. in comparison to smaller peer Agree Realty.

Introduction

Am I the only person that buys stocks and instantly gives them a job within their portfolio? When buying any company, that's my main focus. Every holding serves a purpose. I try to keep a well-balanced portfolio, with each company offering a different level of growth to fit income needs. But they all have two common denominators, and that's reliability and stability....

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