Realty Income

Realty Income, at a $50B market cap, is the premier monthly dividend REIT, having paid 650+ consecutive monthly distributions over 30 years. Its 15,400+ net-leased properties generate a 4.7% dividend yield that outperforms #8 Digital Realty's 3.2% yield by 47%. As a fee-simple owner of essential retail spaces, it maintains a 98.8% occupancy rate and is 40% cheaper than the typical retail REIT on a price-to-FFO basis. This consistency has earned it S&P 500 Dividend Aristocrat status, a distinction only 10% of REITs achieve.