Realty Income's defensive tenant base offers investors safer retail exposure amid industry headwinds
While the market had a tepid reaction to Realty Income's performance for the third quarter, nothing in its results alters our long-term view of the firm. Adjusted funds from operations rose 6.9% year over year. Revenue for the quarter increased 10.7% from last year’s third quarter to $306.9 million, while net income available to common shareholders increased 25.1% during the same period. As for the balance sheet, the company raised $444 million in equity, primarily through its at-the-market offe...Realty Income is a real estate investment trust. The company invests in commercial real estate. The company owns a portfolio of properties located in various states, Puerto Rico and United Kingdom.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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