Comparing Realty Income O and Federal Realty FRT: Which Retail REIT Offers a Stronger Growth Trajectory?

Realty Income (O) and Federal Realty Investment Trust (FRT) are retail REITs with a long history of dividend growth and stable occupancy levels. Realty Income focuses on global diversification and triple-net lease model, while Federal Realty focuses on high-quality, open-air shopping centers in affluent US markets. Both REITs enjoy solid tenant bases and maintained occupancy levels through economic cycles. Realty Income is known for its global diversification, while Federal Realty is known for its high-quality locations and mixed-use destinations. Investors must weigh defensive income against long-term growth when choosing between these two REITs.