2024-05-08 23:26:33 ET
Summary
- Realty Income beat estimates for FFO and sales in 1Q24, highlighting its high margin of dividend safety.
- The company's portfolio metrics remain strong, with high occupancy and growth in adjusted funds from operations.
- The valuation of Realty Income is compelling for passive income investors, making it a strong buy.
Realty Income Corporation ( O ) beat estimates with regards to FFO and sales for its 1Q24 yesterday and the retail real estate investment trust once more underlined its key value proposition for passive income investors: Realty Income remained a very high margin of dividend safety, particularly because the trust benefited from a QoQ improvement in its pay-out ratio....
Read the full article on Seeking Alpha
For further details see:
Realty Income: A Set-It-And-Forget-It REIT With A 6% Yield