Is the Worst Over for Realty Income?
All eyes were on net-lease real estate investment trust (REIT) Realty Income (NYSE: O) during the COVID-19 shutdowns. An industry bellwether, the company's performance wasn't particularly reassuring at the beginning of the pandemic. But here are the stats you need to know to understand why the worst is likely over for this industry giant.
With over 6,500 properties, Realty Income is easily one of the largest net-lease real estate investment trusts you can buy. Net-lease properties are interesting in that the lessee is responsible for most of the operating costs of the properties they occupy, making it a fairly low-risk business for the landlord. While an oversimplification, Realty Income basically just has to sit back and collect rents.
Image source: Getty Images
Source Fool.com
