Realty Income Keeps Expanding in This Key Growth Market
Realty Income (NYSE: O) isn't an exciting company, but it has historically proven to be an attractive and reliable dividend stock. If you are looking to build a passive income stream to support yourself in retirement, it should probably be on your radar. And with the dividend yield near 10-year highs at 5.8%, now is a good time to take a closer look. Realty income's continued expansion in a key growth market is one of the big reasons to like it.
Realty Income is a real estate investment trust (REIT) that owns single-tenant properties. Most of its assets are retail, but it also has exposure to industrial properties and some more unique areas like vineyards and casinos.
The one theme that runs across all of its portfolio, however, is the use of net leases. Net leases require tenants to pay for most property-level operating costs. That keeps expenses low for Realty Income and protects it from rising costs for things like maintenance.
Source Fool.com
