Realty Income Targets Medical Real Estate Sector for Growth, Providing 'Fuel' for Dividend Giant

Realty Income is a real estate investment trust (REIT) with a 6.3% dividend yield and a track record of dividend growth.

The REIT is targeting the $2 trillion consumer-centric medical real estate market as a growth opportunity. This includes properties like pharmacies, dialysis centers, veterinary clinics, etc.

Realty Income estimates 10% of its current retail portfolio is in the medical real estate sector, with room to expand further.

Acquisitions are Realty Income's main growth driver, so the medical real estate opportunity provides fuel for continued expansion.

Realty Income could potentially acquire other REITs focused on medical retail as a way to quickly build up its portfolio in this sector.