Realty Income Corp.

Stable Growth and Returns: Realty Income achieved an AFFO (Adjusted Funds From Operations) per share growth of 4.8% in 2024, marking the fourteenth consecutive year of growth. The company delivered a total operational return of 10.2% for the year, with an average annual total operational return of approximately 11% over its thirty-year history as a public company. This underscores the company's commitment to providing reliable returns to shareholders.

Strong Dividend Performance: The company remains a Dividend Aristocrat, having increased its dividend for thirty consecutive years. The most recent dividend increase was 1.5%, effective for the March monthly dividend payment. This reflects Realty Income's strong cash flow and stability in its dividend payout, essential for income-oriented investors.

2025 Investment Forecast: Realty Income forecasts approximately $4 billion in investment volume for 2025, with expected AFFO per share in the range of $4.22 to $4.28, indicating a 1.4% growth at the midpoint. This guidance incorporates potential rent loss from a large office tenant and conservatism regarding bad debt expenses, although the company anticipates strong releasing outcomes in retail and industrial sectors.