Realty Income Secures Another $1 Billion Partnership. Is This Top Monthly Dividend Stock a Buy?

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Realty Income has formed a new $1 billion joint venture with Apollo-managed funds to acquire a 49% interest in a diversified portfolio of single-tenant retail properties, providing non-dilutive equity capital for future investments. This partnership is the latest in a series of strategic collaborations with firms like GIC, Blackstone, and Digital Realty, aimed at enhancing the REIT’s growth prospects and strengthening its ability to increase its monthly dividend. The article suggests this strategy makes Realty Income an attractive long-term investment for passive income seekers.

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