Investment Thesis
Realty Income is a net-lease REIT with monthly dividends backed by long-term contracts to high-quality retail, industrial, and experiential tenants. Scale and investment-grade balance sheet enable accretive acquisitions.
- Monthly Dividend: 27+ years of dividend increases supported by conservative payout ratio.
- International Expansion: UK and continental Europe deals diversify cash flows.
- Experiential/Industrial: Growing exposure beyond traditional retail improves resiliency.