Realty Income to increase March dividend 2.4%

Sumit Roy, Realty Income’s President and CEO, said, "Our diversified portfolio continues to demonstrate strength with occupancy ending the year at 99% and a rent recapture rate of 105.9% for the year. Our investment pipeline remains healthy as investment yields trend higher, our investment capacity is well-funded with approximately $850M of outstanding forward equity raised, and our confidence in the long-term outlook of our platform remains steadfast. To that end, we announced an increase to the March 2023 dividend of 2.4%, representing 3.2% growth over the year-ago period."