← Home
Company at a Glance
Price
Overview
Realty Income Corporation, also known as "The Monthly Dividend Company," is a publicly traded real estate investment trust (REIT) that specializes in single-tenant, net-leased commercial properties. The company was founded in 1969 and is headquartered in San Diego, California.
Realty Income's portfolio consists primarily of retail properties, including nearly 6,000 properties across all 50 states, Puerto Rico, and the United Kingdom. These properties are leased to a diverse group of tenants, including large retail chains, convenience stores, healthcare providers, and others.
The company's business model is focused on providing stable and consistent income for its investors through long-term leases with strong credit-rated tenants. The majority of its tenants operate in industries that are relatively resistant to economic downturns, such as discount retail, healthcare, and essential businesses like dollar stores and drugstores.
Realty Income is known for its monthly dividend payments, which have been consistently increasing since the company's IPO in 1994. This has made the company a popular investment option for income-seeking investors.
In addition to its core business, Realty Income has a strong focus on sustainability and corporate social responsibility. The company has implemented various environmental, social, and governance (ESG) initiatives, including energy-efficient and green building practices, community engagement programs, and employee support and development.
Overall, Realty Income has a long track record of delivering strong and stable returns to its shareholders, making it a respected and trusted company in the REIT industry.
Realty Income's portfolio consists primarily of retail properties, including nearly 6,000 properties across all 50 states, Puerto Rico, and the United Kingdom. These properties are leased to a diverse group of tenants, including large retail chains, convenience stores, healthcare providers, and others.
The company's business model is focused on providing stable and consistent income for its investors through long-term leases with strong credit-rated tenants. The majority of its tenants operate in industries that are relatively resistant to economic downturns, such as discount retail, healthcare, and essential businesses like dollar stores and drugstores.
Realty Income is known for its monthly dividend payments, which have been consistently increasing since the company's IPO in 1994. This has made the company a popular investment option for income-seeking investors.
In addition to its core business, Realty Income has a strong focus on sustainability and corporate social responsibility. The company has implemented various environmental, social, and governance (ESG) initiatives, including energy-efficient and green building practices, community engagement programs, and employee support and development.
Overall, Realty Income has a long track record of delivering strong and stable returns to its shareholders, making it a respected and trusted company in the REIT industry.
What is special about the company?
1. History and longevity: Realty Income was founded in 1969 and has been in operation for over 50 years. This longevity in the market demonstrates its stability and success as a real estate investment company.
2. Diversified portfolio: Realty Income has a diverse portfolio of over 6,000 commercial properties, spread across different industries and geographies. This diversification reduces the company's risk and provides a stable source of income.
3. Monthly dividend payments: Realty Income is known as "The Monthly Dividend Company" because it pays out dividends every month. This consistent stream of income is attractive to investors looking for regular cash flow.
4. Investment-grade tenants: The company's properties are leased to high-quality tenants, including well-known brands such as Walgreens, FedEx, and Dollar General. This provides stable rental income and reduces the risk of tenant default.
5. Long-term leases: Realty Income's leases have an average remaining term of almost 10 years, providing long-term stability and predictable cash flow for investors.
6. Conservative financial management: The company has a conservative approach to financial management, with a low debt-to-equity ratio and a strong credit rating. This helps to protect the company's financial stability and mitigate risk.
7. Experienced management team: Realty Income's management team has decades of experience in the real estate and finance industries, providing shareholders with confidence in their ability to navigate market cycles and make strategic decisions for the company.
8. Focus on sustainability: Realty Income is committed to environmentally sustainable practices and has implemented numerous initiatives to reduce its carbon footprint and promote energy efficiency in its properties.
9. Recognition and awards: The company has been recognized as a top-performing REIT by various industry publications and has received awards for its corporate governance and investor relations practices.
10. Strong performance and growth: Despite economic fluctuations, Realty Income has consistently delivered strong financial performance and has a track record of increasing its dividend every year for over 25 years. This makes it an attractive option for income-seeking investors.
2. Diversified portfolio: Realty Income has a diverse portfolio of over 6,000 commercial properties, spread across different industries and geographies. This diversification reduces the company's risk and provides a stable source of income.
3. Monthly dividend payments: Realty Income is known as "The Monthly Dividend Company" because it pays out dividends every month. This consistent stream of income is attractive to investors looking for regular cash flow.
4. Investment-grade tenants: The company's properties are leased to high-quality tenants, including well-known brands such as Walgreens, FedEx, and Dollar General. This provides stable rental income and reduces the risk of tenant default.
5. Long-term leases: Realty Income's leases have an average remaining term of almost 10 years, providing long-term stability and predictable cash flow for investors.
6. Conservative financial management: The company has a conservative approach to financial management, with a low debt-to-equity ratio and a strong credit rating. This helps to protect the company's financial stability and mitigate risk.
7. Experienced management team: Realty Income's management team has decades of experience in the real estate and finance industries, providing shareholders with confidence in their ability to navigate market cycles and make strategic decisions for the company.
8. Focus on sustainability: Realty Income is committed to environmentally sustainable practices and has implemented numerous initiatives to reduce its carbon footprint and promote energy efficiency in its properties.
9. Recognition and awards: The company has been recognized as a top-performing REIT by various industry publications and has received awards for its corporate governance and investor relations practices.
10. Strong performance and growth: Despite economic fluctuations, Realty Income has consistently delivered strong financial performance and has a track record of increasing its dividend every year for over 25 years. This makes it an attractive option for income-seeking investors.
What the company's business model?
The Realty Income company, commonly known as O, is a real estate investment trust (REIT) that focuses on commercial real estate. Their business model involves owning and leasing out a diverse portfolio of properties, primarily consisting of retail, industrial, and office spaces. These properties are leased to tenants under long-term triple net leases, meaning the tenants are responsible for most operating expenses such as taxes, insurance, and maintenance. Realty Income's main source of revenue comes from the rental income generated from these leases. They also aim to acquire high-quality properties with strong credit-worthy tenants and maintain a conservative capital structure to provide stable and consistent dividends to their shareholders.
Interesting facts about the company
1. Realty Income is an American real estate investment trust (REIT) that was founded in 1969 by William E. Clark, Jr. and Evelyn J. Clark.
2. The company’s initial name was The Mini Storage Company and it focused on developing and managing self-storage facilities.
3. In 1994, the company changed its name to Realty Income Corporation and shifted its focus to acquiring and managing single-tenant retail properties.
4. Realty Income is known for its trademarked slogan The Monthly Dividend Company as it has a long history of paying consistent monthly dividends to its shareholders.
5. The company’s revenue comes mainly from long-term lease agreements with tenants, which typically have annual rent increases. As of 2020, Realty Income has over 6,500 properties in 49 states leased to more than 600 tenants.
6. Realty Income’s largest tenant is Walgreens, which accounts for approximately 6% of the company’s rental revenue.
7. In 2020, Realty Income became a part of the S&P 500 index, which tracks the stock performance of the 500 largest publicly traded companies in the US.
8. The company’s market capitalization (total value of all its outstanding shares) is over $30 billion as of 2021.
9. Realty Income has increased its dividend every year since going public in 1994, making it one of the few companies to have achieved this milestone.
10. The company is known for its conservative approach to real estate investing, with a focus on acquiring high-quality properties and maintaining a strong balance sheet.
11. Despite being affected by the COVID-19 pandemic, Realty Income has continued to pay its monthly dividends and has even increased them during this time.
12. In 2013, the company created an online game called The Reit Way that simulates the experience of investing in a REIT like Realty Income.
13. Over the years, Realty Income has been recognized with several awards, including being named one of the World’s Most Admired Companies by Fortune magazine and one of America’s Most Responsible Companies by Newsweek.
14. In addition to its regular monthly dividends, Realty Income also offers a dividend reinvestment plan (DRIP) where shareholders can automatically reinvest their dividends to purchase additional shares.
15. The company is headquartered in San Diego, California, and has regional offices in Scottsdale, Arizona and New York City.
See Company Q&A
2. The company’s initial name was The Mini Storage Company and it focused on developing and managing self-storage facilities.
3. In 1994, the company changed its name to Realty Income Corporation and shifted its focus to acquiring and managing single-tenant retail properties.
4. Realty Income is known for its trademarked slogan The Monthly Dividend Company as it has a long history of paying consistent monthly dividends to its shareholders.
5. The company’s revenue comes mainly from long-term lease agreements with tenants, which typically have annual rent increases. As of 2020, Realty Income has over 6,500 properties in 49 states leased to more than 600 tenants.
6. Realty Income’s largest tenant is Walgreens, which accounts for approximately 6% of the company’s rental revenue.
7. In 2020, Realty Income became a part of the S&P 500 index, which tracks the stock performance of the 500 largest publicly traded companies in the US.
8. The company’s market capitalization (total value of all its outstanding shares) is over $30 billion as of 2021.
9. Realty Income has increased its dividend every year since going public in 1994, making it one of the few companies to have achieved this milestone.
10. The company is known for its conservative approach to real estate investing, with a focus on acquiring high-quality properties and maintaining a strong balance sheet.
11. Despite being affected by the COVID-19 pandemic, Realty Income has continued to pay its monthly dividends and has even increased them during this time.
12. In 2013, the company created an online game called The Reit Way that simulates the experience of investing in a REIT like Realty Income.
13. Over the years, Realty Income has been recognized with several awards, including being named one of the World’s Most Admired Companies by Fortune magazine and one of America’s Most Responsible Companies by Newsweek.
14. In addition to its regular monthly dividends, Realty Income also offers a dividend reinvestment plan (DRIP) where shareholders can automatically reinvest their dividends to purchase additional shares.
15. The company is headquartered in San Diego, California, and has regional offices in Scottsdale, Arizona and New York City.
See Company Q&A