Is Realty Income (O) Cheap After Its New Europe Venture And Recent Slide?

Realty Income (O) has established a new euro joint venture with KKR, contributing 54 European net lease properties, and is also preparing to speak at BofA’s NY Global Real Estate Conference. Realty Income’s share price has drifted lower recently, with a 1-month share price return down 9.7% and a 7-day move lower by 3.7%. At the same time, the 3-year total shareholder return of 32.9% and 5-year total shareholder return of 16.3% point to a steadier long haul, suggesting recent weakness may...