Where Will Realty Income Be in 1 Year?
In one year, net lease giant Realty Income (NYSE: O) is highly likely to be a bigger company. That's not exactly an Earth-shattering prediction, given that real estate investment trusts (REITs) grow by acquiring more properties. However, what's notable here is that there's an important deal in process for just one property that clearly sets Realty Income apart from the pack.
Here's what you need to know about this REIT's growing portfolio and what it might mean for the stock.
Net lease REITs like Realty Income own single-tenant properties for which their tenants are responsible for most of the operating costs of the assets they occupy. Any single property has material risk since a vacancy would quickly push rent collection from the building down to zero.
Source Fool.com
