| Realty Income Trust A Retail REIT Period End 9/30/2008 |
Copyrights 2006-2007 SGM Publishing |
Realty Income Corporation engages in
the acquisition and ownership of
commercial retail real estate properties
in United States. The company leases
its retail properties primarily to regional
and national retail chain store
operators. As of December 31, 2006, it
owned 1,955 retail properties located
in 48 states, covering approximately
16.7 million square feet of leasable
space. The company also held a
portfolio of 60 properties through its
wholly owned subsidiary, Crest Net
Lease, Inc. (Crest), as of the above
date. Realty Income Corporation has
elected to be treated as a real estate
investment trust (REIT) under the
Internal Revenue Code. As a REIT, it
would not be subject to federal income
taxes provided it distributes at least
90% of its taxable income to its
shareholders. The company was
founded in 1969 and is based in
Escondido, California.
the acquisition and ownership of
commercial retail real estate properties
in United States. The company leases
its retail properties primarily to regional
and national retail chain store
operators. As of December 31, 2006, it
owned 1,955 retail properties located
in 48 states, covering approximately
16.7 million square feet of leasable
space. The company also held a
portfolio of 60 properties through its
wholly owned subsidiary, Crest Net
Lease, Inc. (Crest), as of the above
date. Realty Income Corporation has
elected to be treated as a real estate
investment trust (REIT) under the
Internal Revenue Code. As a REIT, it
would not be subject to federal income
taxes provided it distributes at least
90% of its taxable income to its
shareholders. The company was
founded in 1969 and is based in
Escondido, California.
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