Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.
Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses. The company is known as “The Monthly Dividend Company” because of its long-standing practice of paying monthly shareholder distributions.
Founded in 1969 and headquartered in San Diego, California, Realty Income has expanded beyond the United States into international markets, including the United Kingdom and several countries in continental Europe. The company became publicly traded on the New York Stock Exchange in 1994 and continues to focus on acquiring and managing properties that can generate recurring rental income over extended lease periods.
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