petekarici
In the eyes of many, Realty Income (NYSE:O) is the definitive income investment. Paying monthly, it has more than 25 years of consecutive dividend increases. As such, it’s never been a security to trade at very high yields, like some other REITs.
O 10Y Yield History (Seeking Alpha)
If we express the valuation in terms of yield, the current one just under 6% is some of the cheapest the shares have ever been. Some of this is an obvious response to interest rate movements, but it’s also worth considering if Realty Income still has a future as optimistic as its past.
Considering all that it has going for it, I figure 6% is probably as good of a price as we’ll ever get, making this a compelling Buy.
Real Estate Portfolio
Q1 2024 Form 10Q
Realty owns a portfolio of over 3,400 properties, generating over $1 billion in rental revenue per quarter, and growing. The main thing that Realty stresses and has always stressed…
