Realty Income Corporation

Everybody else is down.

That means Prologis, Realty Income, and Simon Properties all incrementally down.

This one to me makes no sense.

If rates are rising, and granted, I understand we had the single largest drop in the 10-year treasury since the contagion period just yesterday, but rates have been effectively rising for a week or two, probably two weeks.

Everybody else is down.

That's Realty Income, American Tower, Simon Properties in Boston, all down on the day.

And this is expected, right? If you think higher rates are gonna be higher for longer, this sector represents refinance risk.

These people are gonna have to refinance.

It's also another REIT.

And another one I have is O or Realty Income, and they paid me $10.62.

I feel like we should move on to a different spot.

What do you guys think? Change of scenery?

And he's looking to hold for a very long time.

Or would it be better to hold individual REITs like MMA, Realty Income, Agree Realty, or AMT? So that's one question, Rich.

And then also, and I love this one.

This one's super interesting.

They got Simon Property Group, which is what your local mall is.

They got Digital Realty.

They got O Realty Income.

They got Public Storage.

Here's a REIT that I really like.

Realty income.

Been around a long time.

O. O as in Oscar.

People are losing their jobs and not getting new jobs.

So we can talk about that at some point, but I just want people to make money.

So if you're someone who's going to be losing your job, whatever money they're going to be giving you, put into realty income, oh, get that 6%.

Hopefully the stock itself will rise as well.

But that's a big if and assuming that they don't cut, which is why I care way more about the business fundamentals and the safety of the dividend than the stock price.

And if you're wondering, russ why not realty income because everybody owns the monthly dividend company well i did own it for a while but i sold it and i moved that money into agree realty and a little bit more vici and look realty income is great but it's a giant blob it has over 15 500 properties They're expanding their sandbox into Europe.

A piece of a Las Vegas casino, the Bellagio.

They've got data centers, a private capital platform, even vertical farming exposure.

Leave me a comment and tell me if you own any J&J and if you're bullish or bearish.

After that, I have the monthly dividend payer in Realty Income, ticker O, which pays me $1,030 a month, or about $12,300 a year.

The bull case is that Realty Income is the gold standard of monthly income, with over 15,000 commercial properties, a rock-solid A-grade balance sheet, and a 30-plus year dividend increase streak backed by predictable triple net leases.

A bare case is that dividend growth is slowed to low single digits, their massive size makes moving the needle much harder, and their share price stays vulnerable whenever interest rates remain higher for longer.

After that, I have one of my favorite stocks, and that's actually one of my lowest dividend yielders, and that's Microsoft.

That will likely not lead to good returns.

But just an example that we discussed two days ago, Realty Income is giving you already close to a six percent yield.

Now, let's say there is a seventy percent crash over a decade.

Six percent yields, m- maybe not Realty Income or something similar, value investing, will give you two X with dividends with compounding.

Earnings, dividends, equity compounding, bought at fair price, minimizing risks by owning good businesses, margin of safety.

Worst case scenario, am I okay? That's value investing.

Mm-hmm

... and to Realty Income Corp CEO Sumit Roy-

Great interview

... fantastic conversation.