
One of the reasons why Realty Income used to trade at a premium valuation is because it was highly specialized and it had achieved a great track record in its niche. But now it is stepping out of it. Last year, it started investing in casinos Then, it invested in vertical farming.After that, it acquired Spirit Realty Capital (SRC), which significantly expanded its industrial property portfolio. Now, it is investing in data centers… What’s next? Is there anything Realty Income wouldn’t go into?
