Barclays Highlights Realty Income’s (O) Evolving Net-Lease Platform

Core Viewpoint - Realty Income Corporation (NYSE:O) is recognized as a strong candidate for building a passive income portfolio through its status as a Blue Chip Dividend Stock [1]. Group 1: Company Transformation - Realty Income has evolved from a REIT focused on US retail properties under long-term net leases to a more diversified investment platform [3]. - The company has expanded its portfolio to include a variety of investments, enhancing its overall market opportunity [3]. Group 2: Portfolio Diversification - Five years ago, Realty Income primarily concentrated on retail and industrial properties in the US and the UK; it has since expanded into seven additional European countries and diversified into gaming assets and data centers [4]. - The company has also ventured into credit solutions, including real estate-backed loans and preferred equity [4]. - Realty Income now owns over 15,500 properties leased to more than 1,600 clients across nine countries, showcasing significant portfolio diversification [5]. Group 3: Analyst Insights - Barclays has raised its price target for Realty Income to $64 from $63 while maintaining an Equal Weight rating, reflecting confidence in the company's evolving net-lease platform [2].