Realty Income Declares 674th Monthly Dividend as 5.19% Yield Highlights 136th Increase
Updated
Updated · Yahoo Finance · Sep 14
Realty Income Declares 674th Monthly Dividend as 5.19% Yield Highlights 136th Increase
2 articles · Updated · Yahoo Finance · Sep 14
Summary
$0.2715 a share—payable Oct. 15—marks Realty Income’s 674th consecutive monthly dividend and its 136th monthly increase, announced Sept. 8.
The 5.19% yielding REIT says the payout is supported by Q2 AFFO of $1.09 a share, up 3.8%, while full-year AFFO guidance rose to $4.44-$4.45 against a $3.252 annualized dividend.
Operating metrics also stayed firm, with 98.8% occupancy, 102.7% rent recapture on renewals and Fitch reaffirming an A long-term issuer rating.
Growth is increasingly tied to a new $6 billion hyperscale data-center joint venture, though leverage edged up to 5.4x net debt to adjusted EBITDAre and 65.7% of base rent comes from non-investment-grade tenants.
For investors, the report argues Realty Income is especially suited to Roth IRAs because REIT distributions are usually taxed as ordinary income in taxable accounts, while qualified Roth withdrawals avoid federal tax.