Mar. 20 at 7:16 PM
$O &
$APO just dropped a
$1B joint venture — 500 net-lease retail properties, Apollo taking 49%, close expected March 2026. Big capital recycling move for Realty Income.
$O sitting at
$62.64, below SMA20 (
$65.38) and SMA50 (
$63.20), RSI at 38 — oversold territory but no catalyst bounce yet. Down 3.7% past month. Watch
$63.20 as first resistance.
$APO at
$111.37, up 11% past week but still wrecked YTD (-23%). Trading above SMA20 — showing early life.
JV signals
$O monetizing assets smartly. Watchlist:
$O reclaim of SMA50,
$APO holding above
$109.45. 👀
#Realty Income #NetLease #REIT
