7 Things to Know From Realty Income Corp. Earningshttp://www.fool.com/investing/general/2014/02/16/7-things-to-know-from-realty-income-corp-earnings.aspx Jordan Wathen
February 16, 2014
It's hard to get excited about a REIT's earnings report. Let's face it: "Boring," consistent REITs like Realty Income Corp. (NYSE: O), rarely rattle the boat from quarter to quarter.
However, its fourth quarter delivered a promising message: It's business as usual at Realty Income.
Here are 7 things that caught my eye.
1. Occupancy is excellent
2. Diversification improved in 2013
3. A focus on "safe" tenants
This is part of a strategic move by the company to focus on tenants which have recession- and Internet-proof business models. The company slashed its restaurant exposure from 12.4% of revenue to 9%, a move it expedited as payroll taxes increased in 2013, threatening casual diners' budgets.
4. 40% of revenue comes from credit tenants