Realty Income: 5.2% Yield, 73% Pay-Out Ratio, Consistent Growth

filo Realty Income Corporation (NYSE:O) beat FFO estimates for the second quarter due to strong rental activity, and the commercial real estate investment trust once again easily covered its dividend with adjusted funds from operations. Realty Income has a considerable opportunity for funds from operations growth in the data center market as the industry ramps up its AI spending. The real estate investment trust also reaffirmed its 2024 forecast for adjusted funds from operations, and passive income investo ...