Overview
Description
Realty Income Corporation is a real estate investment trust (REIT) that primarily focuses on generating consistent and reliable rental income through its portfolio of commercial properties. The company's primary function is to acquire and manage high-quality, freestanding, single-tenant commercial properties that are subject to long-term lease agreements with leading retail and commercial clients. Realty Income Corporation is renowned for its unique monthly dividend payments, a practice that has earned it the nickname "The Monthly Dividend Company," appealing to income-focused investors.
Realty Income's portfolio spans various sectors, including retail, industrial, and office properties, but it heavily emphasizes retail, featuring tenants that range from convenience stores to pharmacies. This diversification aids in mitigating sector-specific risks and ensures stability in cash flows. The company is a prominent player in the real estate market due to its disciplined acquisition strategy and its commitment to maintaining a strong credit rating, which facilitates advantageous access to capital markets. Headquartered in San Diego, California, Realty Income is a key participant in shaping income-focused investment strategies within the real estate sector.
About
CEO
Mr. Sumit Roy
Employees
468
Address
11995 El Camino Real
San Diego, 92130, CA
United States
San Diego, 92130, CA
United States
Phone
(858) 284-5000
Website
Instrument type
Common stock
Sector
Real Estate
Industry
REIT - Retail
Country
Mexico
MIC code
XMEX