Realty Income Corporation is a real estate investment trust that owns and actively manages a diversified portfolio of freestanding commercial properties across the United States and Europe. The company generates stable, predictable revenue by leasing properties under long-term net lease agreements with creditworthy tenants, who bear responsibility for most operating expenses while Realty Income collects contractually defined rental payments, many of which include escalation clauses that provide built-in growth. The company finances its portfolio through long-term debt, equity, and capital recycling, maintaining financial flexibility and cost-of-capital advantages that enable it to pursue high-quality, strategically located properties while deploying data-driven analytics for tenant selection and portfolio management.