Realty Income: Another Brick in the Wall

Realty Income. They pay you monthly. Every month. Since 1994. It’s a sort of quiet miracle, really. Like a clock that just…keeps going. They’ve increased that monthly check year after year. And they haven’t had a bad year, not one, in all that time. A positive return, they call it. It’s enough to make a person wonder what the catch is. So it goes.

Last year, 2025, wasn’t terrible. The dividend went up, quarter by quarter. A solid 8% return, give or take. Not bad when everything else seems to be tilting towards chaos. They expect more this year, naturally. More money flowing in. They’re betting on it. Everyone’s always betting on something.

Leaning into the Void

They wanted to spend four billion dollars last year. That’s a lot of buildings. A lot of leases. They ended up spending six point three billion. People needed places to do business, I suppose. Or to sell things. Or just to be. The money grew, like mold. They made a tidy profit. A small victory in a world full of defeats.

They looked at a hundred and twenty-one billion dollars worth of potential investments. A truly obscene amount. But they only bought a tiny fraction. Five percent. They’re picky, these people. They want a good return. Can’t blame them. They found some credit investments, 8.2% yield. Development projects, 7.4%. Acquisitions in Europe, also 7.4%. Europe. It’s always Europe, isn’t it? They wanted a little extra juice. A little more for their trouble. It’s just business, they say.

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Accelerating Towards…What?

Realty Income wants to be the go-to landlord for the world’s biggest companies. They buy properties from them, then lease them back. A neat trick. Unlocking value, they call it. It’s a way to turn buildings into cash. They’re also making friends with other investors. Forming alliances. It’s all very…corporate. They’ve raised a billion and a half dollars in a private fund. Another billion and a half is going into logistics real estate. Build-to-suit. Whatever that means. It’s just moving boxes around, isn’t it?

More money coming in means more money going out. They plan to invest eight billion dollars this year. That should boost their earnings by a couple of percent. A nearly nine percent total return. Not bad. Not bad at all. Especially when you consider the alternative. The dividend currently yields 4.9%. A little piece of the pie, every month. It’s enough to keep the wolves at bay, for a little while.

The Steady Drip

The CEO, Sumit Roy, said something about “momentum.” They expect things to pick up. Faster earnings. More dividends. It’s the same story, really. Growth. Expansion. The endless pursuit of more. They’ll keep increasing that monthly check, as long as they can. It’s a comforting thought, in a world that’s rapidly falling apart. So it goes.

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2026-02-26 16:34