
Core Insights - Realty Income has successfully completed its 30th year as a public company, achieving a positive total operational return averaging around 11% annually, with a dividend yield of 5.4% last year and 129 dividend increases since its IPO [1][3] Proven Track Record - The company's long-term success is attributed to its proven track record, with a consistent increase in AFFO per share, which grew by 4.8% last year despite challenging market conditions [3][4] - Realty Income invested 4 billion in investment volume for 2025 [5] - Realty Income maintains a low dividend payout ratio of around 75% of its AFFO, allowing for substantial excess free cash flow to fund new investments [6] Expandable Platform - The company aims to leverage its platform to explore new avenues for generating shareholder value, emphasizing its trusted partnerships with leading companies [7] - A notable partnership with 7-Eleven includes a $770 million sale-leaseback transaction, marking the sixth such deal since their collaboration began [8] Future Growth Initiatives - Realty Income has announced a private capital initiative to raise additional capital from institutional investors, which will enhance its investment opportunities and provide an additional income source from management fees [9] Investment Proposition - Realty Income is positioned as a foundational holding for investors, with a strong record of growing shareholder value and the potential for steadily rising dividend income and share price appreciation [10]