Realty Income Corporation (O) Stock Analysis & Winston Score

Realty Income is a real estate company that owns thousands of commercial properties and rents them out to businesses. Its tenants include well-known retailers, grocery stores, pharmacies, gyms, and convenience stores — companies like Walgreens, Dollar General, and 7-Eleven. It is one of the largest retail-focused real estate investment trusts (REITs) in the United States. Realty Income makes money by collecting rent from its tenants under long-term lease agreements, often lasting 10 to 20 years. Most of its leases are "net leases," meaning tenants pay property taxes, insurance, and maintenance costs on top of rent — which keeps Realty Income's expenses low. The company operates primarily in the U.S. but has expanded into Europe, and it owns over 15,000 properties across multiple countries. Its main risk is rising interest rates, which increase its borrowing costs and can make its dividend less attractive compared to bonds.