Apollo Invests $1 Billion for 49% Stake in Realty Income
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
Should l Buy APO?
Source: PRnewswire
- Significant Investment: Apollo plans to invest $1 billion in Realty Income to acquire a 49% stake in a new joint venture that will own approximately 500 single-tenant retail properties, which is expected to generate stable cash flows and long-term returns for the company.
- Long-Term Capital Benefits: This transaction will provide Realty Income with an efficient source of private funding, anticipated to lower its long-term public equity capital costs while receiving 100% permanent equity treatment from rating agencies, enhancing financial flexibility.
- Strategic Partnership Framework: The joint venture serves as a cornerstone of Realty Income's private capital initiative and lays the groundwork for future multi-billion-dollar collaborations with Apollo, aimed at achieving long-term capital alignment and investment activities.
- Strong Asset Portfolio: The anticipated portfolio will include around 500 retail properties with an annualized base rent of $140 million and an average remaining lease term of 9.1 years, demonstrating a robust investment-grade asset base and stable cash flow growth potential.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 114.820
Low
136.00
Averages
164.45
High
182.00
Current: 114.820
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
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.
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