Realty Income Corporation is the belief of real estate investing that invests in the sole commercial property of a single, stand-alone tenant in the United States and Puerto Rico subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.
This company is one of several real estate investment trusts that pay dividends every month instead of every three months.
Video Realty Income Corporation
Investasi
As of December 31, 2017, the company has 5,172 properties totaling 89.6 million square meters of lease, with an average property size of 12,060 square feet per retail property and 224,340 square feet per industrial property.
The company's largest tenants are as follows:
Maps Realty Income Corporation
History
Realty Income Corporation was founded in 1969 by William E. Clark and Evelyn J. Clark.
The first acquisition was the Taco Bell restaurant in the early 1970s.
Companies use cash to buy the necessary land for shops that require real estate to run, and then lease the property to long-term stores.
In 1994, the company became a public company through an initial public offering.
In 1997, William E. Clark, Jr., retired as CEO and was replaced by Thomas A. Lewis.
In 2003, the company acquired 86 retail locations of TBC Corporation for $ 135 million in leaseback transactions.
In 2004, the company acquired 112 Circle K stores for $ 110.5 million.
In 2006, the company acquired 144 properties leased to the Buffets/Ryan restaurant for $ 348 million.
In 2009, Clark retired as chairman.
In 2010, the company acquired a winery in Napa Valley with $ 269 million in leaseback transactions. The company also acquired 135 SuperAmerica outlets for $ 248 million.
In 2011, the company acquired 33 properties for $ 544 million.
In 2012, Michael D. McKee was appointed non-executive chairman.
In 2013, the company acquired American Realty Capital Trust, founded by Nicholas Schorsch, in a $ 2.95 billion transaction.
In 2013, John Case became the company's CEO.
In 2014, the company acquired a property in Greenwood, Indiana leased it to Gander Mountain for $ 8.1 million and acquired a property in El Cajon, California for $ 20.1 million.
By 2015, the company added to the S & amp; P 500 and High Aristocratic S & P Dividend index.
References
External links
Source of the article : Wikipedia
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