Two supercharged monthly dividend stocks -- with an average yield of 8.29% -- are ripe for the picking by opportunistic investors. One of the best things about investing on Wall Street is there's a strategy that can satisfy everyone. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, pathways exist for investors of varying risk tolerances to grow their wealth over time. But among these seemingly countless plans of action, buying and holding high-quality dividend sto ...

Realty Income Corp. (O) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this real estate investment trust have returned +1.3%, compared to the Zacks S&P 500 composite's -4.1% change. During this period, the Zacks REIT and Equity Trust - Retail industry, which Realty Income Corp. falls in, has lost 9.7%. The key question now is: What ...

PM Images Written by Nick Ackerman. With real estate/real estate investment trusts ("REITS") now being pushed back into deeper sale territory—I don't think we can say they ever really got out of the sale territory they've been in the last couple of years—this continues to be an area where I look to accumulate larger positions. Given the fact that rate cuts are now appear to be in jeopardy for 2024 and the Fed's latest projections are even showing fewer expected cuts for 2025, the sale here probably could go ...

I've been buying shares of Realty Income hand over fist this year. I have been steadily building a position in dividend powerhouse Realty Income (O 1.12%) over the past few years. I recently bought some more shares and plan to do that again this May. Here's why I can't seem to get enough of this magnificent dividend stock these days. A premier passive-income producer The biggest reason I have been buying Realty Income is to collect more of its attractive monthly dividend. The real estate investment trust (R ...

In the latest market close, Realty Income Corp. (O) reached $54.31, with a +1.12% movement compared to the previous day. This change outpaced the S&P 500's 0.32% gain on the day. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.35%. Heading into today, shares of the real estate investment trust had lost 0.72% over the past month, outpacing the Finance sector's loss of 5.24% and the S&P 500's loss of 2% in that time. Analysts and investors alike will be ...

REITs投资 - 投资者应该了解房地产投资信托(REITs)和传统股息股票之间的区别[1] - REITs的经营模式简单，购买物业并将租金收入与投资者分成[1] - REITs分为毛租赁和净租赁两类，毛租赁包括所有费用，而净租赁则不包括运营费用[2] - REITs有13个类别，包括办公室、零售、工业、住宅、酒店和度假村、医疗设施、数据中心等[3] - 投资者在选择REITs时需要仔细评估其核心租户的财务状况和过去几十年的高入住率[4] 股息股票投资 - 传统股息股票不需要将大部分利润作为股息支付，而是可以选择将利润或自由现金流的一部分作为股息支付[6] - 高股息股票通常出现在增长较慢的行业，如消费品、银行、能源、公用事业和制药业[8] - 最好的股息支付公司将持续增长其收入和利润，回购自己的股票，并增加年度股息[10] - 长期来看，顶级股息股票篮子可能会胜过REITs篮子，因为REITs会稀释自己的股份以筹集更多现金[11] - 年轻投资者可能更适合投资于增长较慢但股息增长的股票篮子，而老年投资者可能更适合投资于REITs以获得 passsive income[13] 投资决策 - 投资者应根据自己的风险承受能力和投资期限选择REITs或其他股息股票[14]

投资策略 - 公司的投资策略聚焦于商业地产市场，80%以上的客户在零售行业，主要投资于市场领先的公司[4] - 公司寻找具有可持续竞争优势的零售客户，关注在价格低廉的商品销售和在线零售转型中持续增长的公司[5] - 公司正积极寻找在有吸引力价值的物业中投资的机会，开始在数据中心市场找到机会[9] 股息增长 - Realty Income已连续25年增加每月股息，最近宣布4月份每股分红为0.257美元[6] - 管理层估计美国和欧洲有价值14万亿美元的物业可以成为新的投资，这意味着公司应该可以不断扩大其投资组合以增加股息多年[10] - Realty Income的股息率是十年来最高的，如果历史是任何指示，这个机会窗口可能不会持续太久[13] 股价表现 - REIT股票历史上表现不佳，但REITs和股市其他部分之间的表现差距正在扩大，对价值投资者有利[7] - Realty Income股价过去一年下跌14%，但其高质量物业和5.75%的吸引力收益表明股票被低估，有望在不久的将来反弹[8] 零售行业趋势 - 零售支出随经济健康而来去，但过去几十年中很少有年份零售支出同比下降，零售销售年均增长率自1993年以来为4.8%[11] - Realty Income的股东不是在押注单个零售公司的成功，也不是在押注公司的客户增长销售额，只要公司的客户能够支付租金，股东就会表现良好[12]

公司使命和历史 - Realty Income的使命是产生 passsive income[1] - Realty Income自1994年上市以来已连续支付了646个月的股息[4] 物业投资和收入稳定性 - 单一租户物业是产生被动收入的最佳选择[2] - Realty Income的股息稳定性的一个重要因素是其高质量的净租赁房地产组合[5] 投资和增长计划 - Realty Income通过保守的财务状况和持续的投资来补充其持久的投资组合[6] - Realty Income预计未来会有更多的增长[7] - Realty Income有着长期的增长空间[8] - Realty Income通过向其投资组合添加新的投资垂直领域来稳步扩大其机会范围[9] - Realty Income计划今年至少投资20亿美元用于物业收购[11] 股息和投资回报 - Realty Income的当前股息率约为6%[13]

财务数据和关键指标变化 - 2023年全年AFFO每股为4美元,同比增长约7% [11] - 2024年AFFO每股指引区间为4.13-4.21美元,中值同比增长4.3% [12][13] - 2023年第四季度投资额27亿美元,加权平均现金收益率7.6% [24] - 2023年全年投资额95亿美元,其中35%来自国际市场 [8][24] 各条业务线数据和关键指标变化 - 2023年第四季度同店租金增长2.6%,全年增长1.9% [29] - 2023年第四季度租金回收率103.6%,全年104.1% [30] - 2023年末物业出租率98.6%,较上季度下降20个基点 [30] 各个市场数据和关键指标变化 - 2023年第四季度国际投资额11亿美元,加权平均现金收益率7.8% [24] - 英国ASDA商店贷款收益率10.9% [25] - 美国贝拉吉奥酒店优先股投资收益率8.1% [26] 公司战略和发展方向及行业竞争 - 2023年公司完成了9.3亿美元收购Spirit Realty Capital的交易 [11] - 公司进入数据中心行业,与Digital Realty建立开发合资企业 [10][28] - 公司与Blackstone、EG Group等建立新的合作关系 [10] - 公司看好数据中心和博彩等新兴领域的投资机会 [19] - 公司估计美欧净租赁市场总规模达14万亿美元 [18] 管理层对经营环境和未来前景的评论 - 管理层认为目前交易市场交易量较低,买卖双方对价格预期存在差距 [52][53][54][59][60] - 管理层认为如果利率环境改善,公司将能够更积极地部署资本 [52][53][54] - 管理层对2024年的业务计划保持谨慎,不依赖资本市场融资 [12][13][43] 问答环节重要的提问和回答 问题1 **Michael Goldsmith 提问** 询问公司2024年20亿美元收购指引中的执行风险 [51][52][53][54][55][56] **Sumit Roy 回答** 公司将保持谨慎和纪律,不会为了增加交易量而降低投资标准 [52][53][54][55][56][57][58][59][60] 问题2 **Joshua Dennerlein 提问** 询问公司开发项目投资的收益模式 [62][63][64][65][66][67] **Sumit Roy 和 Jonathan Pong 回答** 大部分开发项目为现房交易,在项目完工后公司才开始获得租金收益 [62][63][64][65][66] 问题3 **Nate Crossett 提问** 询问公司2024年第一季度的收购情况和物业出租率指引 [78][79][80] **Sumit Roy 回答** 公司在2024年第一季度完成了一些收购,但不会透露具体收益率;物业出租率预计将维持在98%以上的正常水平 [79][80]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023, or ☐ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-13374 REALTY INCOME CORPORATION (Exact name of registrant as specified in its charter) Maryland 33-0580106 (State or Other Jurisdiction of Incorporation or Organiz ...