Realty Income: The Moat Gets Even Wider

Summary

  • Realty Income has become a dominating player in the net-lease REIT sector.
  • This week, it announced a new deal that surprised some investors.
  • Not me though. And here's why.
  • This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Learn More »

Bodiam Castle in England

ValeryEgorov/iStock Editorial via Getty Images

You may recall an article I wrote back in 2020 titled "The Art of the Sale-Leaseback." In it, I provided a textbook lesson on the concept of monetizing real estate utilizing the so-called sale-leaseback structure.

Realty Income (<a href='https://seekingalpha.com/symbol/O' title='Realty Income Corporation'>O</a>): recent share price trend graph versus peers

(Yahoo Finance)

Realty Income (<a href='https://seekingalpha.com/symbol/O' title='Realty Income Corporation'>O</a>): price correlated with fundamentals graph

(FAST Graphs)

Gaming & Leisure: price correlated with fundamentals graph

(FAST Graphs)

VICI Properties: price correlated with fundamentals graph

(FAST Graphs)

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This article was written by

Brad Thomas profile picture
106.85K Followers
Author of iREIT on Alpha
The #1 Service For Safe and Reliable REIT Income

Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of financial information, serving over 10,000 investors around the world. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps.

The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. He is also the editor of The Forbes Real Estate Investor

Thomas has also been featured in Barron's, Forbes Magazine, Kiplinger’s, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox. 

He is the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022 (based on page views) and has over 106,000 followers (on Seeking Alpha). Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies. 

Thomas received a Bachelor of Science degree in Business/Economics from Presbyterian College and he is married with 5 wonderful kids. He has over 30 years of real estate investing experience and is one of the most prolific writers on Seeking Alpha. To learn more about Brad visit HERE.

Disclosure: I/we have a beneficial long position in the shares of O, AMT, BX, GLPI, STWD, AND VICI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Author’s Note: Brad Thomas is a Wall Street writer, which means he's not always right with his predictions or recommendations. Since that also applies to his grammar, please excuse any typos you may find. Also, this article is free: written and distributed only to assist in research while providing a forum for second-level thinking.

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