With a market cap of $51.3 billion, Realty Income Corporation (O) is a leading REIT specializing in the acquisition and management of diversified commercial properties under long-term net lease agreements. With a global portfolio of over 15,600 properties across the U.S., U.K., and Europe, the company delivers consistent monthly dividends and has increased its dividend for more than 30 consecutive years.
Shares of the San Diego, California-based company have lagged behind the broader market over the past 52 weeks. O stock has dropped 2.7% over this time frame, while the broader S&P 500 Index ($SPX) has increased 17.8%. Moreover, shares of Realty Income are up 6.4% on a YTD basis, compared to SPX’s 8.9% rise.
