10-Year Treasury Notes Yield 5.2% Right Now. Here's Why I'd Still Choose Realty Income for Passive Income.

Despite 10-year Treasury notes yielding 5.2%, Realty Income offers a compelling 6.1% yield after a recent 13% stock price decline. The REIT has delivered 136 dividend hikes since going public in 1994, including 116 consecutive quarterly increases. While higher interest rates and $30 billion in debt pose challenges, Realty Income's strong tenant portfolio of recession-resistant businesses and 98.8% occupancy rate make it an attractive opportunity for income investors after the market-driven sell-off.