Realty Income (NYSE:O) is a real estate investment trust (REIT) specializing in the acquisition and management of commercial properties under long-term, net lease agreements. The company focuses primarily on single-tenant retail, industrial, office, and distribution facilities, providing tenants with properties tailored to their operational needs while securing stable, recurring rental income. Realty Income’s business model emphasizes low-risk tenancy through long-duration leases and conservative underwriting standards designed to foster reliable cash flow and asset growth.
Founded in 1969 and publicly listed in 1994, Realty Income has built a diversified portfolio of properties across the United States and in select international markets. The trust targets locations with strong demographic and economic fundamentals, leasing buildings to a wide array of tenants, including retail chains, convenience stores, pharmacies, and service centers. Over its history, Realty Income has expanded into the United Kingdom, Spain, the Netherlands, and Germany, adapting its net-lease platform to meet varying market requirements and regulatory environments.
Realty Income is headquartered in San Diego, California, and operates with a decentralized management structure that supports local market insight and tenant relationships. The company’s governance framework is overseen by an independent board of directors, and day-to-day operations are managed by an experienced executive leadership team with deep expertise in real estate finance, acquisitions, and asset management. Through disciplined capital allocation and a focus on tenant credit quality, Realty Income seeks to deliver sustainable dividends and long-term value for its shareholders.
