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56.69000 USD
0.44
0.78%
Last update May 9, 3:59 PM EDT
Market closed
Day range
55.90000
56.88000
Previous close
56.25
Open
56.21000
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Realty Income Corporation
56.69
0.44
0.78%

Overview

Description

Realty Income Corporation is a leading real estate investment trust (REIT) that specializes in acquiring and managing a diversified portfolio of commercial properties primarily under long-term lease agreements. Its primary function is to provide reliable monthly income to investors, often branded as the "Monthly Dividend Company" due to its strong track record of regular dividend payments. These payments appeal to income-focused investors, highlighting the asset’s stability in cash flow generation. Realty Income Corporation focuses on a wide range of commercial properties such as retail, industrial, and office spaces, with a strong emphasis on retail properties leased to well-known tenants like Walgreens, Dollar General, and FedEx. Its business model emphasizes net leases, where tenants are responsible for property taxes, insurance, and maintenance, thereby reducing financial risk and providing stable returns. With a legacy dating back to 1969, Realty Income plays a significant role in the financial markets by offering an inflation-hedged income stream and diversification opportunities for investors. Its consistent performance and strategic property acquisitions enhance shareholder value, reinforcing its stature as a cornerstone in the income-generating segment of the real estate industry.

About

CEO
Mr. Sumit Roy
Employees
468
Address
11995 El Camino Real
San Diego, 92130, CA
United States
Phone
(858) 284-5000
Instrument type
REIT
Sector
Real Estate
Industry
REIT - Retail
Country
United States
MIC code
XNYS
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 7 hours 33 minutes

20:26
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).