The company invested heavily in 546 properties, development projects and loans, signaling a continued focus on expansion and diversification. The 7.4% yield suggests attractive investment returns.

The merger added 2,018 properties to the portfolio, enhancing diversification across retail, industrial, and other property types. This strategic move strengthens Realty Income's market position.

The company actively manages its asset base by selling properties, likely to improve portfolio quality and returns. This demonstrates a proactive approach to asset management.

The company increased its monthly dividend five times during 2024 and twice in 2025, reinforcing its commitment to delivering dependable monthly dividends that increase over time.

The company's occupancy rate remains strong, demonstrating effective asset management and tenant retention strategies. The rent recapture rate of 105.6% indicates successful re-leasing efforts.

The company actively manages its capital structure, utilizing debt and equity issuances to fund investments and repay debt. This balanced approach aims to optimize shareholder value.

The 10-K acknowledges competition from various entities, potentially increasing the cost of acquiring properties. This could impact future profitability and investment returns.

The document highlights the risk of negative market conditions affecting clients, potentially leading to lease defaults and impacting cash flow. This is a recurring risk for REITs.

The 10-K reiterates the risk of failing to meet REIT qualification requirements, which would result in significant tax liabilities and reduced distributions. This is a fundamental risk for REITs.

The company emphasizes diversification by client, industry, geography, and property type to mitigate risks associated with single concentrations. This strategy enhances income stability.

The company targets clients with resilient business models, demonstrated by their performance in various economic conditions and e-commerce trends. This focus enhances rental revenue stability.

The company actively manages its portfolio through rent increases, strategic re-leasing, and selective property dispositions. This approach aims to maximize returns and enhance overall portfolio quality.

Net cash provided by operating activities increased by $614.5 million, from $2.96 billion to $3.57 billion, which is a good sign of efficiency.

General and administrative expenses increased from 3.8% to 3.6% of total revenue, which is a sign of inefficiency.

The company's focus on net lease agreements shifts the responsibility for property expenses to the client, mitigating the impact of inflation and rising costs on Realty Income's operations.

The company maintains a cyber risk management program and integrates it within its enterprise risk management system. This demonstrates a commitment to protecting data and operational integrity.

The company is using systems and/or vendors that provide constant monitoring of our IT networks and related systems for cyber-attacks and incidents.

The company works with professional services firms, consulting firms, threat intelligence service providers, and penetration testing firms.

The company raised a significant amount of capital through the ATM program, demonstrating efficient use of equity markets to fund investments.

The company issued various series of senior unsecured notes, demonstrating proactive debt management and access to capital markets.

The redemption of preferred stock streamlines the company's capital structure and eliminates preferred dividend obligations.

The company promotes effective energy efficiency and other sustainability strategies and compliance with federal, state and international laws and regulations related to climate change, both internally and with our partners across our value chain, including with our clients.

The company seeks to promote effective energy efficiency and other sustainability strategies and compliance with federal, state and international laws and regulations related to climate change, both internally and with our partners across our value chain, including with our clients.

Tenants of net-leased properties are typically responsible for maintenance and other day-to-day management of the properties. This lack of control over our net-leased properties makes it difficult for us to collect property-level environmental data and to enforce related initiatives.

The company continues to monitor developments related to macroeconomic factors that could have an adverse impact on our business and our clients.

The company is subject to complex and changing laws, regulations, policies, and executive orders, locally, internationally and federally, and the enforcement and interpretations thereof, and compliance with these laws, regulations, policies and executive orders is onerous and expensive.

The company's business is subject to risks associated with the effects of climate change, and a market shift to a lower carbon economy, and may be subject to further risks in the future.