Realty Income Collects 91% of July Rent
Despite all of the closures and negative economic effects being created by the COVID-19 pandemic, some real estate investment trusts (REITs) are still collecting the vast majority of the rent they are owed. Mall REITs have been hit particularly hard, but the triple net lease sector has still managed to perform well throughout the crisis.
Realty Income's (NYSE: O) focus on tenants that offer essential services has so far helped it navigate this difficult economic environment.
Realty Income tenants include gas station operators, which have managed to stay open during the pandemic.Image source: Getty Images.
Source Fool.com
