Realty Income Q2 revenue up 31% to $1.34bn, driven by Spirit Realty acquisition and new property investments.
Realty Income Corporation (NYSE: O) reported Q2 revenue up 31% to $1.34bn, driven by Spirit Realty acquisition and new property investments. Occupancy rate at 98.8%, AFFO per share increased 6% to $1.06. Diversification into gaming/data centers and strong occupancy rates make the dividend safe. With Fed potentially cutting rates and 5.2% yield, Realty Income is an attractive buy.
August 11, 2024
3 Articles