Realty Income Corp. headquarters in Carmel Valley. Courtesy of the company San Diego’s Realty Income topped Wall Street expectations for quarterly revenue on Monday, as the company benefited from higher occupancy and increased rental revenue from its properties. The real estate investment trust, which has more than 15,450 properties across the United States and Europe, leases its locations to clients in a variety of industries including retail, restaurants, industrial and gaming. Realty Income, which has been investing heavily in expanding its footprint, particularly in Europe, reported total revenue of $1.26 billion in the first quarter, up from $944.4 million a year earlier and a
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