Reported about 2 months ago
Realty Income (NYSE: O), a leading real estate investment trust (REIT), has consistently raised its dividend for over 26 years and is now strategically investing in real estate credit to generate higher yields amidst rising interest rates. In the second quarter alone, the company made over $800 million in new investments, including a notable $377.5 million in senior secured notes with an 8.1% yield. This shift not only enhances its cash flow but also positions Realty Income for future real estate acquisition opportunities, demonstrating its adaptability in the current market environment.
Source: YAHOO