We are very bullish on net lease REITs as the 0% interest rates are a major tailwind for them.
Realty Income is the "gold-standard" of net lease REITs and arguably the best REIT in the world for retirees. It pays a safe, growing, monthly 5% yield.
It is currently priced at a historically high spread relative to treasuries and as yield-starved investors return, we expect significant upside.
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