Market Capitalization (Millions $) |
36,145 |
Shares
Outstanding (Millions) |
692 |
Employees |
371 |
Revenues (TTM) (Millions $) |
4,079 |
Net Income (TTM) (Millions $) |
877 |
Cash Flow (TTM) (Millions $) |
65 |
Capital Exp. (TTM) (Millions $) |
8,122 |
Realty Income Corporation
Realty Income Corporation is a publicly traded real estate investment trust (REIT) based in San Diego, California. Founded in 1969, Realty Income specializes in income-generating real estate investments, primarily focusing on free-standing commercial properties leased to tenants in the retail, agriculture, and service industries. The companyes portfolio consists of over 6,500 properties located in 49 states, Puerto Rico, and the United Kingdom, with a total leased area of approximately 107 million square feet.
Realty Incomees business model is built around reliable, predictable cash flows generated by its long-term, triple-net lease agreements with tenants, which typically require that the tenant assume responsibility for all maintenance, repairs, and operating expenses associated with the property. As a result, Realty Incomees revenue and earnings are relatively stable and predictable, allowing the company to pay out regular dividends to its shareholders.
One of the key strengths of Realty Incomees business model is its focus on diversified, high-quality tenant relationships. The companyes portfolio is characterized by a high degree of tenant diversification, with no single tenant accounting for more than 6% of revenue. Realty Income also prides itself on maintaining long-term relationships with its tenants, which has contributed to low turnover rates and high occupancy rates since the companyes inception.
In addition to its focus on tenant relationships and diversification, Realty Income has also built a reputation for disciplined and prudent capital allocation strategies. The company's management team is committed to a conservative balance sheet, avoiding excessive debt and maintaining a comfortable margin of safety. At the same time, Realty Income seeks to grow its portfolio and dividends through opportunistic acquisitions and targeted development projects.
Finally, Realty Income has a strong track record of generating steady, sustainable returns for investors. The company has paid monthly dividends to its shareholders since 1969, making it one of the few publicly traded companies to offer such a consistent and reliable stream of income. Over the past decade, Realty Incomees total return to investors has significantly outpaced the broader market indices, providing investors with an attractive combination of income and capital appreciation.
Company Address: 11995 El Camino Real San Diego 92130 CA
Company Phone Number: 284-5000 Stock Exchange / Ticker: NYSE O
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