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 shops, which contribute 82.7% of its revenue. Commercial spaces account for 15% of the revenue, while offices and amusement facilities make up the remaining 2.3%.
Realty Income's real estate portfolio consists of 12,237 assets, providing a total lettable area of 22,003,659 square meters. The book value of this portfolio is an impressive USD 42.7 billion, highlighting the company's strong presence in the real estate market.