ORealty Income Corporation

Realty Income leases free-standing shops and pharmacies on contracts where the tenant pays all costs, and distributes profit monthly.

The lease is structured so that taxes, insurance and maintenance fall on the tenant while the owner receives net rent. That makes cash flow exceptionally predictable: owner costs are minimal and lease terms run ten years or more with escalators.

Tenants are deliberately chosen for durability: grocery stores, pharmacies, convenience shops and car services — those not displaced by online retail. Diversification across thousands of properties means one tenant's bankruptcy is barely noticeable.

The company pays distributions MONTHLY, which is rare for a property trust and part of its recognition. The principal risk is interest rates: expensive money raises the cost of buying new properties and makes the yield less attractive against bonds.