Posted 3/9/2024, 1:30:00 PM
Realty Income Expands into Emerging European Net Lease Market, Supporting Its 29-Year Dividend Growth Streak
- Realty Income is a large and stable net lease REIT with a 5.8% dividend yield, making it attractive for income investors
- It owns mainly retail properties, but also some industrial, vineyards, casinos, etc. using triple net leases
- Realty Income is expanding into Europe, which is an emerging net lease market compared to the mature US market
- Europe presents a $8.5 trillion addressable net lease market for Realty Income with minimal existing competition
- Realty Income is taking a measured approach to expansion in Europe, which should support its 29 year dividend growth streak