Net-lease retail real estate investment trust Realty Income (NYSE: O) is generally considered to have a very safe business model. The company leases single-tenant properties to retailers that are largely immune to e-commerce headwinds and that are recession-resistant.
However, since the COVID-19 pandemic began, Realty Income has dramatically underperformed the overall stock market, and is still down by more than 15% in 2020. Here's an overview of why Realty Income has performed so poorly and why it could be worth a look for patient long-term investors.
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Source Fool.com