Wall Street analysis firm Zacks Equity Research on Wednesday listed Escondido’s Realty Income Corp. (NYSE: O) as one of several real estate investment trusts that are expected to perform well this year despite an expected rise in interest rates, which typically hurts REITs.
Zacks said the company, which owns more than 3,800 properties under long-term lease deals, “has registered a positive earnings surprise in three out of the last four quarters” and has a good chance of beating expectations in the current quarter as well.
Zacks lists the company as a “buy,” but not a “strong buy.”
600 La Terraza Blvd.
Escondido, CA 92025