|Bid||73.52 x 800|
|Ask||73.53 x 800|
|Day's range||73.50 - 74.81|
|52-week range||62.29 - 75.40|
|Beta (5Y monthly)||0.71|
|PE ratio (TTM)||74.49|
|Earnings date||31 Oct 2022 - 04 Nov 2022|
|Forward dividend & yield||2.97 (3.97%)|
|Ex-dividend date||29 Jul 2022|
|1y target est||76.47|
Real estate investing has long been a proven path to prosperity, but it also can involve a lot of upfront investment and then time and/or money spent on managing those assets. Then there's passive income, the cash flow you receive for your investments that requires nothing more from you than owning the assets. Real estate investment trusts (REITs) are a particularly easy way to reap those benefits.
Thanks to the wonders of compound interest, anyone can grow a relatively modest investment into a million-dollar nest egg over time. For example, investing $300 a month into stocks delivering a 10% average annual return would grow into $1 million in about 35 years. You can potentially become a millionaire faster by either investing more money or making a higher-returning investment.
Realty Income is the largest net-lease REIT you can buy, with more than 11,000 properties. "Net lease" means that the REIT owns the properties but the tenants are responsible for most of the operating costs of the real estate they occupy.