REALTY INCOME CORP (O)

I would tend to agree in that regard. This is a company that, in normal conditions, is likely going to provide you with a 5-6% dividend yield and maybe a percent or two in capital appreciation. Obviously REITs have been in a horrible environment post-COVID so the capital appreciation hasn't been the case, but this is generally a low beta option for those looking for income.

The distribution is well covered, coming in at around 75%~ of adjusted funds from operations, and it does like to make routine raises.

A recession in the US could put pressure on property prices and maybe financial results to a certain extent, but I do believe the company is positioned to navigate it well.

It is not necessarily something I would buy. However, I am not a retiree looking for a real estate income option for my portfolio.