You likely wouldn't be making a mistake if you invested in Realty Income (NYSE: O). Nor would it be an error to buy Agree Realty (NYSE: ADC). But while they are very similar in some ways, they are notably different in others. Here's why you might want to select one of these high-yield stocks over the other.

Realty Income is the largest net-lease real estate investment trust (REIT). A net lease requires the tenant to pay for most property-level operating costs. Net lease properties are usually single-tenant assets. Although any individual property is high risk given that there's only one tenant, across a large portfolio, the risks are fairly low. Realty Income owns over 15,400 properties, which is a massive number compared to most of its peers.

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Source Fool.com