Headquartered in San Diego, California, Realty Income Corporation (O) is an American real estate investment trust (REIT) specializing in acquiring and managing high-quality, single-tenant commercial properties. With a market cap of $52.63 billion, Realty Income is known for its diverse portfolio and reliable monthly dividend payments. Through its extensive property holdings, it serves a wide range of tenants across various industries.
Realty Income has underperformed the broader market considerably over the past year. The REIT has gained marginally over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17%. In 2024, the REIT has gained 5.3%, compared to SPX's 9.9% gains on a YTD basis.
