Realty Income Corporation, a leading player in the ownership, development, and management of commercial and industrial properties in the USA and Puerto Rico, has received a buy recommendation from UBS.
The company generates the majority of its rental income from retail stores, which contribute 82.7% of its revenue. Commercial space accounts for 15% of its revenue, while the remaining 2.3% comes from other assets such as offices and amusement facilities.
Realty Income's real estate portfolio consists of 12,237 assets, offering a total lettable area of 22,003,659 square meters. The book value of this portfolio is valued at USD 42.7 billion, highlighting the company's significant presence in the real estate market.