Thursday, 11 February 2016

Realty Income (NYSE:O) 4th Quarter 2015 exceeds expectations

Realty Income (NYSE:O) announced their 4th Quarter 2015 and annual results, which can be found here.

Realty Income beat expectations, demonstrating again why it's a lot easier to hold a solid, diversified REIT rather than being a landlord. They'd previously announced a 5% increase in dividend payments, and this follows on the heels of several quarterly increases.

As a landlord, try raising rents every single quarter and see how often you keep tenants. I also don't have to worry about plumbing, termites, or keeping up the property. I just sit back and collect my share of the rent.

Realty Income leases space to some of the largest names in the US, and no one company (not even Walgreen's) makes up more than a few percent of the their overall tenant base. Across 49 States and Puerto Rico, they are one of the more solid commercial landlords out there.

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