Realty Income CorpOBUYMar 10, 2023Stock price when the opinion was issued
As of Jun 08, 2026. Market Open.
Pays a 5.7% dividend yield, paid monthly; dividend has been raised four times this year. They own over 15,000 commercial properties, mostly leased to retail industrial. Shares haven't done much and fell recently after the companies tightened their full-year forecast. Occupancy rate is 98.7% in Q3, so they're not struggling. Most tenants are grocers and selling other necessities, so safe.
Likes it for its generous monthly dividend (5%) which they have raised 119 times in the past 29 years. But urban office real estate is falling apart in some areas. He's still a fan.