2024-07-05 10:00:00 ET
Summary
- Realty Income is a top REIT for passive income, paying dividends consistently and increasing payouts 126 times since going public.
- Despite underperforming due to high interest rates, Realty Income's diversified portfolio and net lease model have supported steady growth and consistent rental income.
- The REIT's $45 billion portfolio, 6% yield, and 126 dividend hikes demonstrate consistent growth amid market challenges.
- Anticipated interest rate cuts in the next 6-12 months as inflation eases could trigger a market rerating for Realty Income.
Investment Thesis
Real Estate Investment Trusts are some of the key vehicles for anyone looking to amass wealth through passive investment. The dividend aristocrat Realty Income (O) has a proven track record of paying dividends for 647 consecutive months . It has also increased its payout 126 times since going public, growing it at a 4.3% compound annual rate ....
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Why Realty Income's Rerating Is Just Around The Corner