If you’re looking to earn passive income through investing, Realty Income Corporation (NYSE: O) may be a great option for you. As a real estate partner to some of the world’s leading companies, Realty Income invests in diversified commercial real estate and boasts a portfolio of over 15,000 properties across the United States, the U.K., and several European countries. With its upcoming Q4 2024 earnings report on the horizon, now could be a prime opportunity to consider investing in this real estate giant.
Wall Street analysts are expecting Realty Income to post an EPS of $1.08 for the fourth quarter, up from $1.01 in the same period last year. Quarterly revenue is also projected to increase to $1.27 billion, compared to $1.08 billion in the previous year. These positive forecasts indicate a strong performance for the company, making it an attractive option for investors seeking steady returns.
One of the key factors that make Realty Income an appealing investment is its dividend yield, which currently stands at 5.95%. This means that the company pays out $3.17 per share in dividends over the course of a year. For investors looking to generate passive income, this consistent dividend payout can provide a reliable source of cash flow.
In its recent Q3 2024 earnings report, Realty Income announced an AFFO of $1.05, in line with expectations, and revenues of $1.33 billion, surpassing the consensus estimate of $1.282 billion. This strong performance reflects the company’s solid operating results and its ability to capitalize on investment opportunities in the current market environment.
Realty Income’s President and CEO, Sumit Roy, expressed optimism about the company’s future prospects, citing a robust pipeline of opportunities and an increase in investment volume guidance for 2024. With a projected AFFO per share growth of 4.8% at the midpoint of the range, Realty Income is well-positioned for continued success in the real estate market.
For investors looking to earn $100 per month in passive income from Realty Income dividends, an investment value of approximately $20,168 is needed. This translates to around 379 shares at a price of $53.20 each. By understanding the calculations behind dividend yield, investors can make informed decisions about their investment strategy and financial goals.
In conclusion, investing in Realty Income stock can provide investors with a reliable source of passive income and the potential for long-term growth. With a strong track record of performance and a commitment to delivering value to shareholders, Realty Income is a solid choice for those looking to build wealth through real estate investments. Consider adding Realty Income to your investment portfolio and start earning passive income today.
