Real Estate Investment Trusts, or REITs, can serve as a
convenient way for regular investors to profit from rental real estate while
also generating income for those seeking to live off dividends in retirement.
Realty Income (O) has become famous for its generous,
secure, and steadily growing dividends (23 straight years of increases and
counting), which are paid monthly and helped the company make our list of the
best high dividend stocks here.
Let’s take a closer look at what makes Realty Income such a
safe, high-yield income investment, and as importantly, whether or not today
could be a reasonable time to add the stock to a diversified high-yield
portfolio.
Business Overview
Founded in 1969 in Escondido, California, and going public
in 1994, Realty Income is America’s largest single tenant property, triple net
lease REIT.
At the end of Q2 2017, the company owned 5,028 properties in
49 states, Washington DC, and Puerto Rico, which are leased out to 250 tenants
operating in 47 industries.
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