This 5.6%-Yielding Dividend Stock Showcases the Power of its Diversified Platform with a New $800 Million Deal

Core Viewpoint - Realty Income is actively diversifying its real estate investment platform, enhancing its ability to capitalize on various investment opportunities across different property types and geographies [1][3][10] Investment Strategy - The REIT has made an $800 million preferred equity investment in two prominent gaming properties in Las Vegas, showcasing its diversified investment strategy [2][4] - Realty Income's initial focus was on freestanding U.S. retail properties, but it has since expanded into industrial properties, European markets, gaming, data centers, and credit investments [3][6] Recent Transactions - The $800 million investment in CityCenter includes properties like the ARIA Resort & Casino and Vdara Hotel & Spa, enhancing its gaming and credit platforms [4][6] - In 2023, Realty Income also invested $950 million into the Bellagio Las Vegas, further solidifying its relationship with Blackstone [6] Financial Performance - Realty Income has raised its year-end investment volume target from $4 billion to over $6 billion due to successful investment opportunities and low-cost financing [7] - The REIT has sourced $97 billion in potential investment opportunities this year, surpassing its previous peak of $95 billion in 2022, although it has been selective, closing only 4% of these opportunities [8] Dividend Growth - The REIT has increased its adjusted funds from operations (FFO) per share outlook for the year, narrowing the range to between $4.25 and $4.27 [9] - Realty Income has raised its monthly dividend five times this year, extending its growth streak to 112 consecutive quarters, with the CityCenter deal expected to support continued dividend growth into 2026 [9][10]