Posted 3/19/2024, 9:47:03 AM
Realty Income Becomes Industry Giant With $7.6B Spirit Realty Acquisition, Eyes Growth in Massive Net Lease Market
- Realty Income recently acquired Spirit Realty Capital, making it one of the largest publicly traded REITs
- The acquisition expanded Realty Income's property portfolio to over 15,000 properties
- Realty Income is focused on the massive $5.4 trillion US net lease market and $8.5 trillion European net lease market
- The company sees growth opportunities in areas like gaming, data centers, freestanding retail, industrial, and sale leasebacks
- Shares look attractively priced and Realty Income's growth prospects remain strong, warranting a 'buy' rating