EPR Properties and Realty Income Increase Dividends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2026
0mins
Should l Buy O?
Source: NASDAQ.COM
- EPR Properties Dividend Increase: EPR Properties recently raised its monthly dividend by 5.1%, boosting its dividend yield above 6%, which reflects the company's ability to consistently reward shareholders supported by stable rental income.
- Realty Income's Consistent Growth: Realty Income has increased its dividend for 113 consecutive quarters, with a recent hike of 2.9%, resulting in a current yield of 4.9%, demonstrating robust growth capabilities backed by a diversified portfolio and strong cash flow.
- Expansion Investment Plans: EPR Properties expects to invest between $400 million and $500 million in new properties in 2023, up from $288.5 million last year, including $85 million for experiential development projects, which will further drive FFO per share growth of over 5%, supporting future dividend increases.
- Vast Market Opportunities: Realty Income has a total addressable market of $14 trillion, and with a 75% payout ratio and a strong balance sheet, the company is well-positioned to continue expanding its portfolio in the coming years, ensuring stable passive income for shareholders.
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Analyst Views on O
Wall Street analysts forecast O stock price to rise
11 Analyst Rating
3 Buy
7 Hold
1 Sell
Hold
Current: 60.690
Low
60.00
Averages
62.59
High
67.50
Current: 60.690
Low
60.00
Averages
62.59
High
67.50
About O
Realty Income Corporation is a real estate investment trust. The Company is engaged in the acquisition, ownership, and management of freestanding commercial properties leased under long‑term net lease agreements to a diversified base of operators, including a blend of investment grade, investment grade equivalent, and other clients. It owns a portfolio of over 15,500 properties in all 50 United States (U.S.) states, the United Kingdom, and eight other countries in Europe. It is engaged in a single business activity, which is the leasing of property to clients, generally on a net basis. That business activity spans various geographic boundaries and includes property types and clients engaged in various industries. Its property types include retail, industrial, gaming, and other. Its industry concentrations include grocery, convenience stores, home improvement, dollar stores, restaurants-quick service, health and fitness, drug stores, automotive service, among others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Dividend Growth History: Realty Income has raised its dividends for 114 consecutive quarters since going public in 1994, recently increasing the monthly payout from $0.27 to $0.2705, demonstrating its stability and appeal in uncertain markets.
- Strong Rental Income: This REIT primarily owns retail properties, with 79% of its rental income from this sector; despite the threat of e-commerce, it maintains a high occupancy rate of nearly 99% by leasing to resilient businesses like grocery and home improvement stores, showcasing its operational resilience.
- AFFO Growth: Last year, Realty Income's adjusted funds from operations (AFFO) per share grew about 2%, from $4.19 to $4.28, with management expecting a further increase of 2.3% to 3.3% this year, providing a solid foundation for future dividend hikes.
- Yield Advantage: At the new monthly dividend rate, Realty Income boasts a 5.4% dividend yield, significantly higher than the S&P 500's 1.2% and the FTSE Nareit All Equity REITs Index's 3.7%, making it an attractive choice for income-seeking investors.
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- Bond Offering Details: Realty Income priced $800 million of 4.750% senior unsecured notes at 98.261% of par, maturing on April 15, 2033, resulting in a yield to maturity of approximately 5.047%, providing the company with a stable financing channel to support future growth.
- Cross-Currency Swap Execution: The company executed a $500 million U.S. dollar-to-euro cross-currency swap, generating roughly €436 million in proceeds and lowering the effective euro-denominated yield to about 4.07%, which will help optimize the company's capital structure and reduce financing costs.
- Planned Use of Proceeds: The net proceeds from this offering will be used for general corporate purposes, including debt repayment, funding property acquisitions and development, and potential business combinations, indicating the company's strategic intent to expand and optimize its asset portfolio.
- Transaction Closing Timeline: The bond offering is expected to close on April 7, 2026, demonstrating the company's flexibility in adapting to market changes and preparing for future capital needs.
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- Current Market Status: The Nasdaq is currently in a correction, having dropped over 10% from its recent highs.
- Bear Market Concerns: There are increasing fears that the Nasdaq may soon enter a bear market, defined as a decline of 20%.
- Wall Street Perspective: Despite the downturn, there is a common belief on Wall Street that opportunities for profit exist in other sectors.
- Market Sentiment: The overall sentiment reflects anxiety about the tech-heavy index's performance amidst potential further declines.
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- Brookfield Infrastructure: Brookfield Infrastructure has grown its high-yield dividend at a 9% compound annual rate over the last 16 years, with a current yield of 4.8%, indicating that its stable cash flows and strong financial profile support continued growth.
- Enterprise Products Partners: Enterprise Products Partners has increased its distribution for 27 consecutive years, currently yielding 5.6%, and its strong financial position allows it to significantly boost cash flow in 2026 through the completion of $6 billion in growth capital projects, thereby supporting its high-yield payout.
- Realty Income: Realty Income has raised its dividend 134 times since its public listing in 1994, with a current yield of 5.3%, and has increased its payout for 31 consecutive years, demonstrating that its stable cash flow and conservative 75% payout ratio provide flexibility for future investments.
- Investment Opportunities: Brookfield, Enterprise Products, and Realty Income all possess the characteristics of high-yield dividend stocks expected to continue growing, particularly Realty Income's plan to invest $8 billion this year to expand its real estate portfolio, seizing a $14 trillion investment opportunity in net-lease real estate across the U.S. and Europe.
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- Consistent Dividend Payments: Realty Income has paid nearly 670 consecutive monthly dividends since its 1994 listing, increasing its payout 134 times, showcasing its reliability as a dividend payer and attracting income-focused investors.
- High Dividend Yield: With a dividend yield of 5.3%, the company offers significant cash flow to investors annually, enhancing its competitive position in the REIT market compared to many other stocks.
- Robust Property Portfolio: As of the end of 2025, Realty Income boasts over 15,500 properties across all 50 states and nine European countries, ensuring diverse and stable income sources that mitigate risks from market fluctuations.
- Efficient Cash Generation: The company achieves a 98.9% occupancy rate across its portfolio, and its
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