Dividend Kings and Aristocrats List: 32 Biggest Stocks

14. Realty Income Corporation (NYSE:O)

Market Cap as of March 24: $56.5 Billion

On March 19, Realty Income Corporation (NYSE:O) and Apollo said that Apollo-managed funds and affiliates plan to invest $1.0 billion in Realty Income. The investment will give Apollo a 49% stake in a new joint venture that is expected to own a diversified portfolio of single-tenant retail properties under long-term net leases.

Realty Income will continue to manage the portfolio. It includes about 500 retail assets that generate stable, contractual cash flows and are supported by the company’s operating platform and asset management experience. The joint venture is a key part of Realty Income’s private capital strategy. The company is looking to diversify its sources of funding while still using public equity markets. Management expects the partnership with Apollo to provide a scalable source of equity. It is aimed at supporting investment in long-duration, stabilized assets, while preserving balance sheet strength and financial flexibility.

Since 2020, Apollo has originated more than $100 billion in tailored capital solutions for companies such as Intel, Keurig Dr Pepper, Air France-KLM, BP, Sony, AB InBev, and Vonovia. The transaction is expected to close on March 31, 2026, subject to final documentation and customary closing conditions. Goldman Sachs & Co. LLC acted as exclusive structuring agent and financial advisor to Realty Income, while Wells Fargo Securities served as financial advisor to Apollo.

Realty Income Corporation (NYSE:O) operates as a real estate investment trust. The company focuses on acquiring, owning, and managing freestanding commercial properties leased under long-term net lease agreements to a diversified group of tenants, including investment-grade and similar clients.