With a market cap of $56 billion, Realty Income Corporation (O) is a leading REIT specializing in the acquisition and management of diversified commercial properties under long-term net lease agreements. With a global portfolio of over 15,600 properties across the U.S., U.K., and Europe, the San Diego, California-based company delivers consistent monthly dividends and has increased its dividend for more than 30 consecutive years.
Over the past year, Realty Income has delivered a mixed performance, struggling to keep pace with the broader market rally. O stock has surged 9.3% over this time frame, while the broader S&P 500 Index ($SPX) has increased 15%. The trend has persisted in recent months, with O rising 5.7% over the past six months, again falling short of the benchmark’s 9.2% climb.
