Daniel Byun from Bank of America asked if Realty Income is observing an increase in interest from U.S.-based buyers for the European deals it is pursuing.
CEO Sumit Roy confirmed that the company is beginning to see more interest from American investors in Europe, noting that a couple of private U.S. buyers have recently entered the market.
Daniel Byun of Bank of America asked about the level of competition in the buyer pool and whether the improved rent coverage in the car wash portfolio was due to the Zips resolution or underlying fundamentals.
President & CEO Christopher Constant noted that while competition exists, Getty's relationship-based, direct sale-leaseback model provides an advantage. EVP & CFO Brian Dickman clarified the car wash improvement was organic, as Zips was already excluded previously, and attributed the gain to broad-based fundamental strength and the maturation of newer sites.