Core Viewpoint - Realty Income is recognized as a highly reliable dividend stock, consistently paying dividends for over 55 years and increasing its dividend 132 times during this period [2][12]. Company Overview - Realty Income is a California-based real estate investment trust (REIT) with a portfolio of 15,600 commercial properties across the U.S. and Europe, serving 91 industries and over 1,600 clients [4][5]. - The company maintains a high occupancy rate of 98.5%, ensuring a stable revenue stream to support its monthly dividend payments [5]. Financial Performance - In the second quarter, Realty Income reported revenue of $1.41 billion, an increase from $1.34 billion year-over-year, but net income decreased to $196.9 million ($0.22 per share) from $256.8 million ($0.29 per share) a year ago [11]. - The company has lowered its full-year guidance for net income to a range of $1.29 to $1.33 per share, down from the previous estimate of $1.40 to $1.46 per share [11]. Investment Appeal - Realty Income offers a current yield of 5.4% and is legally required to distribute 90% of its profits to shareholders, making it an attractive option for income investors [14]. - The stock has shown resilience, with an 11% increase in value this year, and a total return exceeding 15% when accounting for reinvested dividends [9][12]. - The company’s diversified tenant base mitigates risks associated with reliance on any single industry, with its largest tenant, 7-Eleven, accounting for only 3.4% of the portfolio [6][7]. Long-term Growth Potential - An investment in Realty Income made 10 years ago would have grown to $20,270 today if dividends were reinvested, demonstrating the power of compound interest [12]. - The company is positioned as a solid choice for long-term investors seeking a blend of growth and income through its consistent business model and diversified portfolio [15].

Realty Income (O), often referred to as “The Monthly Dividend Company,” has long been a favorite among income investors due to its ability to generate consistent, dependable cash flows. With a track record of 663 consecutive monthly dividend payments, Realty Income has demonstrated that scale, diversity, and discipline can deliver stability even during unpredictable economic cycles. The company currently yields around 5.4%, making it an appealing option for investors seeking passive income. However, it is ...