What does Realty Income do?

Realty Income Corporation is a real estate investment trust (REIT) based in San Diego, California, founded in 1969. The company specializes in acquiring, owning, and managing a diverse portfolio of freestanding, single-tenant commercial properties leased under long-term net lease agreements. Realty Income is known as "The Monthly Dividend Company"® because it pays dividends monthly, focusing on stable and increasing payouts supported by predictable rental income from properties in non-discretionary retail sectors, such as convenience stores and pharmacies. The company operates across all 50 U.S. states, Puerto Rico, and several European countries, including the UK, Spain, and Italy. Realty Income's business model emphasizes single-tenant, triple-net leases, where tenants cover all operating expenses, ensuring stable cash flows. The portfolio includes notable tenants like Taco Bell, Sainsbury's, and Encore Boston Harbor. As a member of the S&P 500, Realty Income is committed to distributing most of its cash flow as monthly dividends, reflecting its focus on providing reliable income to shareholders.