Valued at $49.4 billion by market cap, California-based Realty Income Corporation (O) stands as a trusted real estate partner to some of the world’s most renowned companies. Founded in 1969, the company has built an impressive portfolio of over 15,450 diversified commercial properties spanning all 50 U.S. states, the U.K., and six other European nations.
However, shares of this REIT have gained 7.8% over the past year and are in negative territory on a YTD basis, posting a decline of nearly 1.5%, underperforming the broader S&P 500 Index’s ($SPX) 30.4% annual return and 23.1% YTD increase.
