文章核心观点 - 在当前标普500指数估值高企的市场环境下，Realty Income作为领先的房地产投资信托基金，因其估值偏低、高股息收益率和稳健的基本面，在2025年底前仍具投资价值 [1] 利率环境利好 - 利率下降环境有利于房地产投资信托基金的商业模式，因为低利率降低了收购新物业的成本，并促使收益型投资者从国债等固定收益产品转向更高股息收益的房地产投资信托基金股票 [3] - 美联储在2024年三次降息，并于2025年执行了首次降息，且预计在2025年底前至少还有两次降息 [4] - 十年期国债收益率已降至4.1%，而公司提供的远期股息收益率高达5.4%，对收益型投资者吸引力显著 [5] 商业模式与运营韧性 - 通过合并Vereit和Spirit Realty，公司在过去四年内物业数量翻倍，目前拥有约15,600处商业物业，出租给超过1,600家客户，行业覆盖91个，地域遍及美国50个州、英国和7个欧洲国家 [6] - 公司主要将物业出租给抗衰退的零售商，前四大租户（Walgreens、7-Eleven、Dollar General、Dollar Tree）各自贡献的年化租金占比均不超过3.5%，租户基础分散 [7] - 自1994年上市以来，即使在三次主要经济衰退期间，公司的物业出租率也从未低于96%，2024年末出租率从2023年的98.6%微升至98.7%，体现了业务的韧性和稳定性 [8] - 物业数量从2020年的6,592处持续增长至2024年的15,621处，同期出租率保持在97.9%至99%的高位 [9] 股息支付能力与财务稳健性 - 公司自上市以来已上调股息支付132次，2025年预计调整后运营资金为每股4.24至4.28美元，远高于其每股3.21美元的远期股息，覆盖能力强劲 [10] - 作为三重净租赁房地产投资信托基金，公司将房产税、保险费和维护费用转嫁给租户，从而保持较低运营成本，确保调整后运营资金持续覆盖年度股息 [11] - 从2020年到2024年，公司每股调整后运营资金从3.39美元增长至4.19美元，同期每股股息从2.71美元增长至3.17美元，股息支付有坚实的盈利基础 [12] 估值水平与增长前景 - 公司股价为60美元，仅相当于2025年预计每股调整后运营资金的14倍，估值偏低且股息收益率高，下行风险有限 [13] - 随着通胀缓解和利率下降，公司有望在零售租户业务稳定并开设新店的情况下收购更多物业，这些有利因素将推动其调整后运营资金增长，支持未来股息上调，并吸引更多收益型投资者 [13]

These dividend stocks can produce a lot of income.Investing in dividend stocks can be a dependable way to supplement your income. Many companies pay out consistent dividends that have shown resilience over time.Several offer very lucrative dividend income. For example, investing $2,500 across the following basket of high-yielding dividend stocks could produce almost $200 of income each year. Dividend StockInvestmentCurrent YieldAnnual Dividend IncomeEnergy Transfer (ET 0.29%)$833.337.59%$63.25Healthpeak Pro ...

There's a huge opportunity for companies and investors as the Pentagon embraces artificial intelligence.The rise of artificial intelligence (AI) has been one of the biggest stories on Wall Street for the last two years, as companies are racing to incorporate AI into their platforms to offer new products and features, and make processes run more efficiently.The federal government is capitalizing on AI too, including at the Department of Defense, the biggest department in the U.S. government. Just last month, ...

The tally favors Delta over United.When people in the U.S. think about flying, Delta Air Lines (DAL 0.74%) and United Airlines (UAL -1.25%) might be the first companies that come to mind. They both have large market capitalizations and many travelers have flown with one or the other, but they employ very different strategies. Because of this difference, investors can tell which airline is truly first-class.Different tracksUnited CEO Scott Kirby is betting on initiatives such as adding planes and making upgr ...

Ken Griffin of Citadel just made a bold proclamation about Alphabet's size in the artificial intelligence (AI) realm.Ken Griffin, the billionaire hedge fund manager and CEO of Citadel, recently turned heads after making a striking observation about Alphabet (GOOG 0.21%) (GOOGL 0.28%). During an interview at Stanford Business School, Griffin proclaimed that Alphabet wields comparable levels of computational power as the fifth-largest country in the world.This is not mere hyperbole. Griffin's remark underscor ...

The company's coffers will soon be much fuller.Mirion Technologies (MIR 10.87%), a company that specializes in radiation safety products, was positively radiant on the stock exchange Friday. Investors bid its stock up by almost 11% across the trading session, on several pieces of financing news and an analyst's positive take. That rise was well higher than the 0.6% advance of the S&P 500 index on the day.Going to the money wellJust after midnight Thursday, Mirion set the pricing of a planned secondary stock ...

These tech companies are all about pushing the boundaries of AI.Artificial intelligence (AI) is transformative technology, but quantum computing could elevate AI to unprecedented heights. Quantum machines employ the properties of quantum mechanics to deliver potent processing power beyond the ability of current classical computers.D-Wave Quantum (QBTS 1.59%) is one of the companies at the forefront of applying quantum computing to AI. But is it a better AI investment than Nvidia (NVDA 0.27%), a leader of to ...

The SMR developer's stock is falling; here's why.Shares of NuScale (SMR 0.66%) fell this week, finishing down 18.8%. The drop comes as the S&P 500 and the Nasdaq-100 lost 0.3% and 0.5%, respectively.The nuclear energy company and developer of small modular reactors (SMRs) is seeing its shares pressured by major selling from one of its largest shareholders.Fluor is selling SMR stockEngineering and construction company Fluor was an early investor in NuScale and is one of its largest shareholders. The two comp ...

D-Wave Quantum's shareholders would've more than quadrupled their money over the last three years.It may seem like a waste of time to calculate a stock's investment return and total dollar amount after a certain period. After all, that's backward-looking, and investments require forward-thinking and projections about the future. However, it's useful to look at the past before committing to an investment. Understanding what happened to a company and its stock can help gauge a company's future potential.D-Wav ...

It's winning contracts and supplying equipment for both sides of its business.Over the past few days, space and defense company Redwire's (RDW -1.62%) stock was following the trajectory of a rocket blasting into the void. Thanks to not one, but two deals announced by the company, its stock price had improved by nearly 13% week to date as of Friday early morning, according to data compiled by S&P Global Market Intelligence. On land and in the cosmosThe first of those two arrangements was trumpeted by Redwire ...