NYSE:ORetail REITs
A Look At Realty Income (O) Valuation After The US$1b Apollo Joint Venture Announcement
Realty Income (O) has drawn fresh attention after announcing a planned US$1.0b investment from Apollo managed funds into a joint venture that will hold roughly 500 single tenant retail properties under long term net leases.
See our latest analysis for Realty Income.
The Apollo partnership and the recent US$694m term loan with Goldman Sachs come as Realty Income’s share price trades at US$60.69, with a 90 day share price return of 7.06% and a 1 year total shareholder return of 13.29%. This...