Realty Income Corporation · Escondido, CA United States ·(NYSE: O)

Retail real estate is a reality for Realty Income. The self-administered real estate investment trust (REIT) buys and manages primarily single-tenant properties which it leases to regional and national retail chains. Realty Income owns more than 2,300 retail properties containing some 19.1 million leasable sq. ft. throughout the US. Combined, Florida, Texas, Georgia, and Tennessee make up about a quarter of the REIT's rental revenue. Top tenants include restaurants (accounting for about a fifth of sales), convenience stores, theaters, and child care facilities. Realty Income focuses on long-term sale-leaseback transactions in which the tenant is responsible for taxes and maintenance. To read the full description, subscribe now.