Realty Income: The Market Is Mispricing The New Trajectory

Realty Income earns a Strong Buy rating, reflecting a strategic pivot toward asset management and innovative capital partnerships. O delivered a strong Q1 double beat, with revenue at $1.55B, FFO per share at $1.13, and occupancy at 98.9%. The Apollo JV and Core Plus Fund diversify O's equity sources, reduce dilution, and enhance balance sheet flexibility without sacrificing management control.