Realty Income Corporation (NYSE: O) has announced the appointment of Kim Hourihan to its board of directors. Hourihan currently serves as the Managing Director and Global Head of Strategy at Invesco Real Estate, which manages $90.1 billion of assets in the U.S., Europe, and Asia. She brings with her a wealth of experience from her previous roles at CBRE Investment Management, where she oversaw fund strategy and performance for both U.S.-based and international funds during her 17-year tenure.
Realty Income, known as "the monthly dividend company," has a portfolio of over 15,600 properties in all 50 U.S. states, the U.K., and seven other countries in Europe. The company has declared 664 consecutive monthly dividends and is a member of the S&P 500 Dividend Aristocrats Index for having increased its dividend for over 30 consecutive years.
The company's mission is to invest in people and places to deliver dependable monthly dividends that increase over time. This appointment comes as Realty Income continues to expand its presence globally, and the company believes that Hourihan's global real estate expertise and track record of success in the investment management industry will benefit the board as it diversifies its sources of capital. Today the company's shares have moved 0.81% to a price of $58.73. If you want to know more, read the company's complete 8-K report here.
