[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 305.7K followers Created: 2025-06-21 19:00:01 UTC Realty Income, known as “The Monthly Dividend Company,” has earned a loyal following thanks to its consistent payouts—over XXX monthly dividends and counting. But there’s a hidden benefit many investors miss: depreciation. In 2024, Realty Income paid $XXXX per share in dividends—over XXX% of its taxable income. That might raise eyebrows, but it’s a product of REIT tax rules. Because depreciation lowers taxable income without affecting cash flow, REITs can pay out more than they “earn” on paper. The extra isn’t taxed immediately; it’s classified as a return of capital, reducing your cost basis and deferring taxes until you sell. This makes Realty Income especially attractive for long-term holders looking to maximize tax efficiency. Add in a growing dividend and strong institutional backing from Vanguard and BlackRock, and it’s clear why this REIT remains a top choice—even as Wall Street eyes new opportunities in overlooked corners like home equity agreements.  XXXXX engagements  **Related Topics** [tax bracket](/topic/tax-bracket) [reit](/topic/reit) [realty income](/topic/realty-income) [Post Link](https://x.com/Benzinga/status/1936499364928876564)
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Benzinga @Benzinga on x 305.7K followers
Created: 2025-06-21 19:00:01 UTC
Realty Income, known as “The Monthly Dividend Company,” has earned a loyal following thanks to its consistent payouts—over XXX monthly dividends and counting. But there’s a hidden benefit many investors miss: depreciation.
In 2024, Realty Income paid $XXXX per share in dividends—over XXX% of its taxable income. That might raise eyebrows, but it’s a product of REIT tax rules. Because depreciation lowers taxable income without affecting cash flow, REITs can pay out more than they “earn” on paper. The extra isn’t taxed immediately; it’s classified as a return of capital, reducing your cost basis and deferring taxes until you sell.
This makes Realty Income especially attractive for long-term holders looking to maximize tax efficiency. Add in a growing dividend and strong institutional backing from Vanguard and BlackRock, and it’s clear why this REIT remains a top choice—even as Wall Street eyes new opportunities in overlooked corners like home equity agreements.
XXXXX engagements
Related Topics tax bracket reit realty income