Realty Income Corporation

Realty Income Corporation is a real estate investment trust (REIT) focused on generating dependable monthly dividends for its stockholders. Established in 1969 and headquartered in San Diego, California, the company's core business involves the acquisition and management of freestanding, single-tenant commercial properties. Its mission is to "invest in people and places to deliver dependable monthly dividends that increase over time."

The company's portfolio encompasses over 15,500 properties across all 50 U.S. states, the U.K., and several other European countries. These properties are leased to a diverse base of commercial clients, primarily in necessity-based retail, industrial, and service-oriented sectors, under long-term triple-net lease agreements. This structure typically makes tenants responsible for property taxes, insurance, and maintenance, providing a stable and predictable revenue stream for Realty Income. Key tenants in its portfolio include major retailers like Dollar General and Walgreens.

Realty Income is recognized for its consistent financial performance, having declared 670 consecutive monthly dividends and increased its dividend for over 31 consecutive years, earning it the trademarked title "The Monthly Dividend Company®." Sumit Roy serves as the Chief Executive Officer. Recent strategic moves include the significant $9.3 billion acquisition of Spirit Realty Capital in January 2024, a $950 million investment in Bellagio Las Vegas in August 2023, and a strategic partnership with Apollo in March 2026 to accelerate European net-lease acquisitions. The company also expanded its global footprint in January 2026 through a strategic relationship with GIC, including a build-to-suit development joint venture, and entry into the Mexican market.