Realty Income Corporation – REIT Retail Stocks To Buy 2021
REITs are an exciting asset class to invest in. They offer regular income through dividend payouts, and they move relatively less in sync with the broader markets. They usually have a lower correlation, and that makes them a good candidate for a hedge. Such investments can reduce the volatility of a portfolio. REITs also offer diversification in terms of asset classes as they are not pure equity. However, the ability to trade REIT units on the markets like a stock makes them very liquid. Plus, investors can participate in the business of Grade A commercial properties with relatively low capital. One REIT that specializes in retail is Realty Income Corporation. Its CAGR for dividends has been 4.3% since 1994. Effectively, the REIT has raised its dividends by an average of 4.3% for the last 26 years. If you are looking to buy now retail stock, then consider retail REITs as an alternative worth exploring.
Realty Income Announces Q32021 Earnings Numbers
On 1st November 2021, Realty Income announced its third-quarter 2021 earnings numbers. The net income per share increased significantly from $0.07 in Q32020 to $0.34 in Q32021. The total revenue for the quarter increased from $404 million in Q32020 to $491.9 million. The funds from operations were also up from $0.82 per share in Q32020 to $0.85 per share. The normalized funds from operations were also up from $0.82 in Q32020 to $0.89. Meanwhile, the adjusted funds from operations per share were up from $0.81 in Q32020 to $0.91. Company CEO Sumit Roy said that the REIT was at an exciting juncture because of its size and scale. That position of the REIT allows the company to scale up and take advantage of specific opportunities. So, if you want to buy now retail stock, then REITs like Realty Income are an alternative to traditional retail establishments.
REIT Retail Stocks To Buy 2021
The symbol of Realty Income’s stock is relatively easy to remember. It is simply the letter O. The last traded price of the stock was $66.94 on 13th December 2021. The dividend yield at that time was 4.41%.