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The real estate investment trust (REIT) was still in the red after adding in its high-yielding dividend (negative 2.1% total return compared to the S&P 500's 25% return, when adding reinvested ...
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Realty Income's stock is trading near its 52-week high. Is it still worth buying the net lease real estate investment trust? ... The yield on the S&P 500 index is a paltry 1.2% or so, ...
Data source: Realty Income. For the full year, Realty Income expects its occupancy rate to remain above 98% and for its AFFO per share to grow 4% to 5%, or $4.16 to $4.21.
Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark. [4] Its first acquisition was a Taco Bell restaurant in early 1970. [4]The company used cash to purchase land needed for stores that required real estate to run, and then leased the property to the stores long term.
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Not surprisingly, the Spirit Realty acquisition was responsible for most of Realty Income's growth over the last year. In the first nine months of 2024, revenue rose by 31% to $3.9 billion.
Noting that the average REIT has a dividend yield of just 3.7%, using the Vanguard Real Estate Index ETF as a proxy, Realty Income looks pretty attractive overall. But the stock is up about 20% ...