Valued at a market cap of $47.8 billion, Realty Income Corporation (O) is a real estate company that acquires and manages freestanding commercial properties, which reap rental revenue under long-term net lease agreements. The San Diego, California-based company’s properties are leased to tenants belonging to multiple separate industries.
Shares of this REIT have significantly underperformed the broader market over the past 52 weeks. Realty Income has marginally declined over this time frame, while the broader S&P 500 Index ($SPX) has gained nearly 22.7%. On a YTD basis, the stock is up 2.3%, slightly lower than SPX’s 2.7% rise.
