Analyst from Bank of America's questions to Realty Income Corp (O) leadership • Q1 2025
Question
An analyst from Bank of America asked for an update on the EBITDAR-to-rent coverage ratios for retail properties and inquired if the company sees more opportunities for investment loans.
Answer
CEO Sumit Roy provided the latest figures, stating the average rent coverage was 2.9x and the median was 2.7x. He also confirmed that the company will pursue credit investments where it makes strategic sense, particularly if it helps form relationships and provides a path to ultimately owning the underlying real estate.