Realty Income's defensive tenant base offers investors safer retail exposure amid industry headwinds
Nothing in either Realty Income’s fourth-quarter or full-year results alters our long-term view of the firm. Adjusted funds from operations, or AFFO, per share rose by 6.3% to $3.06 for full-year 2017. For 2017, rental revenue was strong, rising 10.2% from 2016 levels and slightly ahead of our expectations. This allowed total revenue to also rise over 10% in 2017 to over $1.2 billion. Meanwhile, general and administrative expenses rose over 12% for the year to $58.4 million. At a G&A-to-tota...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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