Shares of Realty Income (NYSE: O) have fallen a painful 15% so far in 2023. That compares to a decline of roughly 4% for the average real estate investment trust (REIT), using Vanguard Real Estate ETF as a proxy.
But don't judge a company like Realty Income on just nine months or so of stock performance. The big picture is so much brighter and suggests that long-term investors should probably be looking closely at the stock today.
Realty Income's weak year-to-date stock performance is troubling. The stock is now lagging the REIT average over the trailing one- and three-year periods. But it's still beating the group over the trailing five- and 10-year periods.
Source Fool.com