This Stock Is Up Over 8,700%, and Still Makes Sense to Own Today

Company Overview - Realty Income is a real estate investment trust (REIT) that finances, owns, and operates income-producing real estate, primarily focusing on single-unit freestanding commercial properties [4][5] - The company has over 15,600 properties across 91 industries and eight countries, with notable clients including 7-Eleven, Dollar Tree, and FedEx [6] Investment Performance - Realty Income's stock has experienced an impressive return of over 8,700% since its inception, significantly outperforming the stock market's average annual return of around 10% [2][1] - The stock price has grown 1,280%, with dividends accounting for the majority of total returns [7][8] Dividend Characteristics - Realty Income offers a monthly dividend of $0.2690, which annualizes to $3.228, and has a compound annual growth rate (CAGR) of 4.2% [8][14] - The company has declared dividends for 660 consecutive months and has increased its dividend payout for the past 111 quarters [14] Economic Resilience - Realty Income maintains a high occupancy rate of 98.5%, with a historical low of 96.6% recorded in 2010, indicating strong tenant retention [10] - Approximately 91% of the company's rent comes from clients that are resilient to economic downturns, such as grocery stores and drugstores [11][12] Market Potential - The total addressable market (TAM) for Realty Income is estimated to be around $14 trillion, indicating significant growth opportunities in the future [13]