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Steady Stream of Dividends

Realty Income Corp is an American real estate investment trust (REIT) that invests in commercial properties in the US and parts of Europe. The company is focused on free-standing and single-tenant properties and rents out its locations under NNN leases. Realty Income is one of many publicly traded REITs but is one of relatively few that pays out dividends monthly. The company is headquartered in San Diego, California, and its shares are traded on the NYSE.

A Clear Vision

Realty Income Corporation, established in 1969, was founded by William E. Clark and Evelyn J. Clark in Escondido, California. The company was created with a specific mission: to provide investors with monthly dividends that increase over time. From its inception, Realty Income adopted a disciplined investment approach, focusing on acquiring freestanding, single-tenant commercial properties under long-term, net lease agreements. This is something that the company is still focused on, and while the company has expanded significantly since its inception the focus and strategy have remained more or less unchanged.

The Clients

As previously mentioned, the company is focused on free-standing properties with only one tenant. Like most similar companies, Realty Income is focused on one type of property and leases its locations only to commercial businesses. When looking at a list of the largest tenants one finds names such as 7-Eleven, Walgreens, Dollar General, and FedEx among the top.

Realty Income is an REIT

A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate. REITs provide individual investors with a means to earn a share of the income produced through commercial real estate ownership without actually having to buy, manage, or finance any properties themselves. To qualify as a REIT, a company must meet certain regulatory guidelines. These include distributing at least 90% of taxable income to shareholders as dividends and investing at least 75% of total assets in real estate.