Core Viewpoint - Realty Income is currently undervalued compared to the broader market and its peer group, making it an attractive investment opportunity in today's market environment [1][7]. Valuation Comparison - The S&P 500 trades at nearly 23 times forward earnings, while Realty Income trades at about 14 times its forward earnings, significantly lower than the market average and the average of other REITs at around 18 times [1][3]. Dividend Yield - Realty Income offers a high dividend yield of nearly 5.5%, which is substantially above the S&P 500's yield of 1.2% and the REIT sector average of approximately 4% [4]. Operational Performance - Realty Income has delivered a 9.7% average annual total operational return over the past five years, outperforming the 7.7% average of other REITs in the S&P 500 [5]. Financial Strength - The company possesses one of the best balance sheets in the sector, providing it with the financial capacity to expand its portfolio and continue increasing its dividend, which has been raised for 112 consecutive quarters [6].