Posted 2/13/2024, 4:00:38 PM
Realty Income Rated Market Perform Despite Strong Credit and Dividend Growth
- Realty Income rated Market Perform by BMO in new coverage
- Author believes 2% spread is high given Realty Income's strong credit, history, and dividend growth
- Realty Income's dividend growth outpaces inflation which is noteworthy
- REITs face sector-wide headwinds though Realty Income has insulated itself
- Market has overreacted in punishing all REITs instead of distinguishing ones less exposed to risks