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  Realty Income Corp ( O ) |
1996 - 2021 (26 years)

Net Revenue (Sales) is 
$1.7B (1Y +4.82% )

O Stock Price & Net Revenue (Sales)

Net Revenue (Sales) for O competitors.
MPW PMT COR TWO
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Net Revenue (Sales)

chevron_right 2021 $418.1M +6.4x
( +8.0% / year avg)
chevron_left 1996 $56.6M
vertical_align_top Peak $1.6B +27.8x
vertical_align_bottom Bottom $56.6M
arrow_drop_up # Up Years 21 21 of 26
years up.
arrow_drop_down # Down Years 5
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • O's stock price has rallied +9,799% from $0.66 in 1996 , or +15.2x faster than it's net revenue (sales) over the same period.
  • If O grows it's stock at the same rate as it's net revenue (sales) (+8.0%/year) , it's stock price will grow +215% and hit $142.08 over the next 10 years.
  • O's stock price has gone up 16 of the 21 years (+76%) it's net revenue (sales) were also up.
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998 FY 1997 FY 1996
    1 Revenue 1651625000 1491591000 1327838000 1215768000 1103172000 1023285000 933505000 778375000 475510000 421059000 345009000 327581000 330200000 296513000 240100000 196676000 175555000 156114000 140980000 126271000 118310000 104510000 85132000 67897000 56957000
    2 Cost of Revenue 104603000.00 88585000.00 66326000.00 69480000.00 62865000.00 55352000.00 53871000.00 38838000.00 7269000.00 7436000.00 7332000.00 6914000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    3 Gross Profit (Income) 1547022000.00 1403006000.00 1261512000.00 1146288000.00 1040307000.00 967933000.00 879634000.00 739537000.00 468241000.00 413623000.00 337677000.00 320667000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    4 R&D 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    5 SG&A 73215000.00 66483000.00 84148000.00 58446000.00 51966000.00 49298000.00 51085000.00 56827000.00 37998000.00 30954000.00 25311000.00 20946000.00 21618000.00 22694000.00 17539000.00 15421000.00 13119000.00 11182000.00 9454000.00 7836000.00 6839000.00 6968000.00 6680000.00 5437000.00 5181000.00
    6 Other Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    7 Operating Expenses 750253000 660444000 623928000 557234000 501909000 458513000 425746000 363404000 187595000 152705000 120824000 113006000 119398000 104799000 81117000 66510000 125589000 49931000 44707000 42725000 38687000 34742000 44128000 25983000 26189000
    8 Interest Expense 290698000.00 274951000.00 257268000.00 236548000.00 209967000.00 218441000.00 202611000.00 172430000.00 116302000.00 108301000.00 93237000.00 85528000.00 93956000.00 0.00 0.00 40949000.00 0.00 26974000.00 23536000.00 26466000.00 31547000.00 24473000.00 0.00 8226000.00 0.00
    9 D&A 677038000 593961000 539780000 498788000 449943000 409215000 374661000 306577000 149597000 121751000 95513000 91383000 90732000 77192000 59492000 46438000 40339000 33465000 30833000 29125000 29003000 25952000 21935000 18596000 16422000
    10 EBITDA 1473807000 1336523000 1177364000 1087842000 988341000 918635000 828549000 682710000 430243000 382669000 312366000 299044000 301534000 268906000 218475000 176604000 90305000 139648000 127106000 112671000 108626000 95720000 62939000 60510000 47190000
    11 Operating Income 796769000 742562000 637584000 589054000 538398000 509420000 453888000 376133000 280646000 260918000 216853000 207661000 210802000 191714000 158983000 130166000 49966000 106183000 96273000 83546000 79623000 69768000 41004000 41914000 30768000
    12 Other Income Expenses (Net) -80366000.00 -10687000.00 1107000.00 -15286000.00 2954000.00 8640000.00 32204000.00 -12425000.00 -10703000.00 -10000.00 -807000.00 0.00 0.00 0.00 -1555000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 500000.00 0.00 1500000.00
    13 Pre-Income Tax 411199000.00 443636000.00 369938000.00 325362000.00 319739000.00 288024000.00 272601000.00 181914000.00 147401000.00 152607000.00 122809000.00 0.00 0.00 128775000.00 106812000.00 0.00 84797000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    14 Income Tax Expense 14693000.00 6158000.00 5340000.00 6044000.00 3262000.00 3169000.00 3461000.00 2734000.00 1430000.00 1470000.00 1393000.00 0.00 0.00 1392000.00 747000.00 0.00 699000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    15 Net Income 395486000 436482000 363614000 318798000 315571000 283766000 270635000 245564000 159152000 157032000 130784000 131127000 131841000 140409000 110781000 99119000 103397000 86435000 78667000 67558000 54788000 46241000 41304000 34770000 32223000
    16 EPS 1.15 1.38 1.26 1.10 1.13 1.09 1.04 1.28 1.20 1.24 1.24 1.27 1.06 1.40 1.23 1.24 1.15 1.08 1.16 1.16 1.03 0.86 0.78 0.74 0.70
    17 EPS Diluted 1.14 1.38 1.26 1.10 1.13 1.09 1.04 1.28 1.20 1.24 1.23 1.27 0.91 1.40 1.23 1.24 1.15 1.07 1.16 1.15 1.03 0.86 0.78 0.74 0.70
    18 Shares Outstanding 327200000 315837012 288582540 274103636 255301770 235491743 218805769 191754857 132817472 126142696 105869637 103577507 101178191 100195031 89766714 79950255 78406957 71128282 67867498 58450718 53369196 53644570 53295484 47137662 45955674
    19 Shares Outstanding (Diluted) 327200000 316601350 288582540 274103636 255301770 235891368 218805769 191781622 132884933 126189399 105942721 103581053 101209883 100333966 89917554 80208593 78406957 71222628 67976314 58562240 53401612 53652180 53295484 47145430 46336634
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998 FY 1997 FY 1996
    1 Cash & Cash Equivalents 824476000.00 54011000.00 10387000.00 6898000.00 9420000.00 40294000.00 3852000.00 10257000.00 5248000.00 4165000.00 17607000.00 10026000.00 46815000.00 193101000.00 10573000.00 65704000.00 2141000.00 4837000.00 8921000.00 2467000.00 3815000.00 773000.00 2533000.00 2123000.00 1559000.00
    2 Short Term Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    3 Cash & S-T Investments 824476000.00 54011000.00 10387000.00 6898000.00 9420000.00 40294000.00 3852000.00 10257000.00 5248000.00 4165000.00 17607000.00 10026000.00 46815000.00 193101000.00 10573000.00 65704000.00 2141000.00 4837000.00 8921000.00 2467000.00 3815000.00 773000.00 2533000.00 2123000.00 1559000.00
    4 Accounts Receivables 418122000.00 273543000.00 144991000.00 128719000.00 109974000.00 99583000.00 82728000.00 107245000.00 84865000.00 15375000.00 11301000.00 10396000.00 10624000.00 7142000.00 5953000.00 5044000.00 4075000.00 3950000.00 4408000.00 4857000.00 5053000.00 3407000.00 2973000.00 3236000.00 2288000.00
    5 Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    6 Other Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    7 Total Current Assets 1295617000.00 455500000.00 187987000.00 163321000.00 164621000.00 168081000.00 152097000.00 151356000.00 120626000.00 19540000.00 28908000.00 20422000.00 2976973000.00 3060146000.00 2529302000.00 1903782000.00 1425109000.00 1343051000.00 24846000.00 18832000.00 22358000.00 19258000.00 20977000.00 8529000.00 6030000.00
    8 PP&E 230634000.00 157434000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4157855000.00 3401247000.00 2816882000.00 2862153000.00 2824255000.00 2485081000.00 1754963000.00 1406710000.00 1320645000.00 1038178000.00 967670000.00 894278000.00 867093000.00 718280000.00 547591000.00 426233000.00
    9 Goodwill 14180000 14430000 14630000 14970000 15067000 15321000 15470000 15660000 16945000 17206000 17206000 17206000 17206000 17206000 17206000 17206000 17206000 17206000 17206000 17206000 18130000 19053000 19977000 20901000 21834000
    10 Intangible Assets 1710655000.00 1493383000.00 1199597000.00 1194930000.00 1082320000.00 1034417000.00 1039724000.00 935459000.00 242125000.00 153336000.00 26221000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    11 Goodwill & Intangible Assets 1724835000 1507813000 1214227000 1209900000 1097387000 1049738000 1055194000 951119000 259070000 170542000 43427000 17206000 17206000 17206000 17206000 17206000 17206000 17206000 17206000 17206000 18130000 19053000 19977000 20901000 21834000
    12 L-T Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    13 Tax Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    14 Other Non-Current Assets 15332000.00 22587000.00 17089000.00 10754000.00 6344000.00 8218000.00 11186000.00 8910000.00 1333000.00 36481000.00 39374000.00 60277000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    15 Total Non-Current Assets 19444668000 18099296000 15072496000 13894845000 12988250000 11697789000 10860525000 9773085000 5322737000 4399849000 3506682000 2894365000 17206000 17206000 17206000 17206000 17206000 17206000 1055384000 984876000 912408000 886146000 738257000 568492000 448067000
    16 Other Assets 19611104000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2976973000.00 3060146000.00 2529302000.00 1903782000.00 1425109000.00 1343051000.00 24846000.00 18832000.00 22358000.00 19258000.00 20977000.00 8529000.00 6030000.00
    17 Total Assets 20740285000 18554796000 15260483000 14058166000 13152871000 11865870000 11012622000 9924441000 5443363000 4419389000 3535590000 2914787000 2994179000 3077352000 2546508000 1920988000 1442315000 1360257000 1080230000 1003708000 934766000 905404000 759234000 577021000 454097000
    18 Accounts Payables 241336000.00 177039000.00 133765000.00 109523000.00 121156000.00 115826000.00 123287000.00 102511000.00 0.00 18809000.00 13779000.00 38445000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    19 S-T Debt 704335000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1354600000.00 1370000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    20 Income Tax Payables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    21 Deferred Revenue 130231000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    22 Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16807000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    23 Total Current Liabilities 383902000 227408000 201554000 170322000 176391000 166170000 166962000 143963000 94171000 80175000 66070000 55371000 70000000 69000000 51000000 40000000 25000000 26000000 18000000 17000000 15000000 22000000 14000000 11000000 10000000
    24 L-T Debt 8817467000 7901547000 6499976000 6111471000 5839605000 4841486000 4930947000 4166840000 2883868000 2055181000 1600000000 1354600000 1370000000 1470000000 920000000 891700000 503600000 506400000 339700000 315300000 404000000 349200000 294800000 132600000 70000000
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998 FY 1997 FY 1996
    1 Net Income (Earnings) 395486000 436482000 363614000 318798000 315571000 283766000 270635000 245564000 159152000 157032000 130784000 131127000 131841000 140409000 110781000 99119000 103397000 86435000 78667000 67558000 54788000 46241000 41304000 34770000 32223000
    2 D&A 677038000 593961000 539780000 498788000 449943000 409215000 374661000 306577000 149597000 121751000 95513000 91383000 95781000 77192000 59492000 46450000 40339000 34416000 31428000 29426000 29003000 25952000 21935000 18596000 16422000
    3 Deferred Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    4 Stock-Based Compensation (SBC) 16503000.00 13662000.00 27267000.00 13946000.00 12007000.00 10391000.00 11959000.00 20785000.00 10001000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    5 Change in Working Capital 683623000.00 241659000.00 -6566000.00 4769000.00 -13681000.00 16776000.00 -22258000.00 -19062000.00 87090000.00 -23473000.00 -2213000.00 -2941922000.00 -84173000.00 512844000.00 614520000.00 463673000.00 83058000.00 1310205000.00 5014000.00 -5526000.00 10100000.00 -9719000.00 9448000.00 1499000.00 7322000.00
    6 Accounts Receivables -79240000.00 -8954000.00 -6901000.00 -92000.00 -1232000.00 -2641000.00 -4311000.00 -3131000.00 2775000.00 5209000.00 5270000.00 3607000.00 -930000.00 -49000.00 4418000.00 -3292000.00 1094000.00 1751000.00 202000.00 1125000.00 485000.00 25000.00 100000.00 -844000.00 -600000.00
    7 Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    8 Accounts Payables 19720000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21675000.00 3382000.00 8290000.00 -1050000.00 0.00 0.00 0.00 0.00 0.00 1600000.00 0.00 1000000.00
    9 Other Working Capital 911715000.00 228092000.00 -13567000.00 -7001000.00 -11770000.00 1911000.00 -14865000.00 7393000.00 26455000.00 -60635000.00 -37162000.00 -34949000.00 2906973000.00 2991146000.00 2478302000.00 1863782000.00 1400109000.00 1317051000.00 6846000.00 1832000.00 7358000.00 -2742000.00 6977000.00 -2471000.00 -3970000.00
    10 Other Non-Cash Items 4429000.00 -1953000.00 -1590000.00 4765000.00 -4664000.00 -7045000.00 -11404000.00 -5671000.00 -966000.00 4557000.00 1950000.00 122133000.00 0.00 88111000.00 -86435000.00 -31108000.00 53856000.00 -85622000.00 -5717000.00 -33563000.00 -35289000.00 0.00 -300000.00 165000.00 -1322000.00
    11 Net Cash Provided by Operating Activities 1115543000 1068937000 940742000 875850000 804045000 692303000 627692000 518906000 326469000 298952000 243368000 226707000 246155000 318169000 86945000 109557000 178337000 73957000 124807000 90035000 56590000 72154000 64645000 52692000 48073000
    12 Investments in PP&E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -506360000.00 -654149000.00 -417347000.00 -195470000.00 0.00 0.00 0.00 -56142000.00 -174056000.00 -192588000.00 -140389000.00 -55705000.00
    13 Acquisitions (Net) 0.00 0.00 0.00 0.00 0.00 0.00 7000000.00 127000000.00 51000000.00 22000000.00 26000000.00 20000000.00 27000000.00 3000000.00 9000000.00 13000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    14 Purchase of Investments 9109000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -60459000.00 -194106000.00 0.00 0.00 -417347000.00 0.00 -280587000.00 -134427000.00 -132291000.00 0.00 0.00 0.00 0.00 0.00
    15 Sales/Maturities of Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15595000.00 24630000.00 0.00 9806000.00 22300000.00 34601000.00 20773000.00 19728000.00 39543000.00 22536000.00 0.00 0.00 0.00 0.00
    16 Other Investing Activities 0.00 -14603000.00 12915000.00 14534000.00 12111000.00 33554000.00 -36190000.00 -20814000.00 -36681000.00 -1643000.00 -6361000.00 0.00 0.00 8736000.00 0.00 417347000.00 0.00 0.00 0.00 0.00 -450000.00 -1713000.00 0.00 0.00 0.00
    17 Net Cash used for Investing Activities -2032379000 -3501809000 -1639684000 -1254507000 -1701111000 -1179055000 -1174859000 -1332011000 -1008374000 -934863000 -697358000 -45724000 -169873000 -498621000 -645280000 -404541000 -160869000 -259814000 -114699000 -92748000 -34056000 -166338000 -189818000 -135957000 -51300000
    18 Debt Repayment -4864989000 -2456091000 -2129771000 -3381368000 -3503743000 -1781353000 -1662529000 -3339510000 -1165129000 -375679000 -616800000 -20000000 -100000000 -407800000 -659900000 -287200000 -283228000 -443900000 -308300000 -285000000 -102900000 -186800000 -162700000 -164400000 -15297000
    19 Common Stock Issued 728883000.00 2109579000.00 1125364000.00 1326635000.00 550353000.00 829907000.00 528615000.00 1133574000.00 0.00 489236000.00 432591000.00 0.00 74536000.00 816000.00 403114000.00 93159000.00 171644000.00 112261000.00 59701000.00 164817000.00 216000.00 0.00 28448000.00 68953000.00 0.00
    20 Common Stock Repurchased 0.00 -21123000.00 -2752000.00 -408750000.00 -9026000.00 -6750000.00 -220000000.00 0.00 -127500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -206284000.00 0.00 0.00 -169000.00 -6499000.00 0.00 0.00 0.00 -188000.00
    21 Dividends Paid -964167000.00 -852134000.00 -761582000.00 -695462000.00 -637596000.00 -560318000.00 -517556000.00 -451152000.00 -275793000.00 -243550000.00 -206753000.00 -202261000.00 -193908000.00 -182242000.00 -139070000.00 -117978000.00 -106483000.00 -93555000.00 -87755000.00 -74583000.00 -67974000.00 -61154000.00 -52300000.00 0.00 -48100000.00
    22 Other Financing Activities 1063822000.00 -1925000.00 -44888000.00 36022000.00 -14785000.00 343708000.00 141317000.00 30502000.00 -17967000.00 -474000.00 -5798000.00 -111000.00 -3196000.00 0.00 -110000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1000.00 -46876000.00 21000.00
    23 Net Cash Used Provided by Financing Activities 1692079000.00 2492602000.00 707871000.00 375118000.00 866192000.00 523194000.00 540762000.00 818114000.00 682988000.00 622469000.00 461571000.00 -217772000.00 -222568000.00 362980000.00 503204000.00 358547000.00 -20164000.00 181773000.00 -3654000.00 1365000.00 -19492000.00 92424000.00 125583000.00 83829000.00 3136000.00
    24 Net Change in Cash 779674000.00 49934000.00 8929000.00 -3539000.00 -30874000.00 36442000.00 -6405000.00 5009000.00 1083000.00 -13442000.00 7581000.00 -36789000.00 -146286000.00 182528000.00 -55131000.00 63563000.00 -2696000.00 -4084000.00 6454000.00 -1348000.00 3042000.00 -1760000.00 410000.00 564000.00 -91000.00
  • About
    Industry: REIT Retail
    Sector: Real Estate
    Country: US
    IPO Date: 2/10/2012
    Stonk Exchange: NYSE
    • Realty Income Corp
    • is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations.
    • The company is headquartered in San Diego, California and currently employs 165 full-time employees.
    • The firm is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities.
    • As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.
    • 0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
    • As of December 31, 2016, of the 4,944 properties in the portfolio, 4,920, or 99.
    • 5%, were single-tenant properties, and the remaining were multi-tenant properties.
    • As of December 31, 2016, of the 4,920 single-tenant properties, 4,836 were leased with a weighted average remaining lease term (excluding rights to extend a lease at the option of the tenant) of approximately 9.
    • 8 years