Zacks Investment Research
Realty Income Expands in Europe: Can the Region Drive More Growth?
Realty Income established a euro-denominated joint venture with KKR to expand its European operations, which now represent 20% of annualized base rent. The company invested $396.8 million in Europe during Q2 at a 7% initial yield, representing over 30% of total investment activity. Europe offers lower borrowing costs and less competition than the U.S., supporting investment spreads.
