2024-01-25 07:15:00 ET
Summary
- Realty Income has a cult-like following.
- Part of this is justified. Part of it isn't.
- There are better options in its peer group. Here is one of them.
Realty Income ( O ) is the most popular REIT ( VNQ ) in the world and it is pretty simple to understand why. It has managed to grow its dividend for nearly 30 years in a row, even despite the dot-com crash, the great financial crisis, and the pandemic. Moreover, it has managed to generate ~15% average annual total returns over this same period, beating even the likes of Berkshire Hathaway ( BRK.B ) and Walmart ( WMT ):
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This REIT Is Better Than Realty Income