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    Jason Wen

    Vice President and Equity Research Analyst at Barclays

    Jason Wen is a Vice President and Equity Research Analyst at Barclays, specializing in U.S. Banks coverage with a focus on regional and larger financial institutions. He covers companies such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Fifth Third Bancorp, providing detailed investment research and insights for institutional clients. Wen joined Barclays in 2021 after previous analytical roles, and has built a reputation for rigorous fundamental analysis and industry expertise, with his performance tracked on platforms like TipRanks. He is FINRA-registered and holds Series 7, 63, 86, and 87 securities licenses, demonstrating his credentials and commitment to regulatory standards in equity research.

    Jason Wen's questions to REALTY INCOME (O) leadership

    Jason Wen's questions to REALTY INCOME (O) leadership • Q4 2024

    Question

    Jason Wen of Barclays asked about the reasons for changes in development spending and yields in 2024, and the assumptions for development in the 2025 guidance.

    Answer

    CEO Sumit Roy explained that development yields are increasing as newer projects, originated in a higher interest rate environment, are completed and delivered. He anticipates that the proportion of investment volume from development in 2025 will be similar to 2024 levels, driven by repeat business with existing clients.

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