I am purchasing a deep discount REIT (real estate investment trust) dividend stock. Investors have ignored and dumped this stock, creating a buying opportunity for me (in my very humble opinion). Moreover, I believe this REIT dividend stock could yield 8% or more within the next few years, based on current fundamentals.
#dividend #reit #stock

Timestamps:
0:00 Introduction: I'm excited to analyze a spin-off company, Orion Office (ONL), a suburban office REIT that I'm buying right now. I believe this company presents a value, and an opportunity for substantial dividend distribution yield.
0:55 Over the years, I have analyzed a lot of spin-offs here on my dividend investing channel. Just like my favorite investor, Peter Lynch, I'm a fan of spin-offs because so many investors overlook them.
2:40 SEGMENT 1: ORION OFFICE (ONL) COMPANY OVERVIEW
3:07 Realty Income (O) is one of my favorite dividend stocks of all time. Make sure to check out the pinned comment for their investor presentation.
3:47 Orion is a triple net lease (NNN) company that owns suburban office spaces and leases them to tenants.
4:28 Slide 1: Orion’s Business Model
5:38 A lot of investors dump shares in spin-offs, which can create opportunity for others.
5:45 Slide 2: Robust Industry and Tenant Diversification
7:06 Slide 3: Suburban Net Lease Office - A bright future in this space!
8:57 I'm focused on core stocks these days, but sometimes it's irresistible to buy these non-core value stocks too!
9:27 SEGMENT 2: ORION OFFICE (ONL) REIT DIVIDEND STOCK ANALYSIS
9:50 Orion shares are tanking, while Realty Income is appreciating.
10:00 ONL Core FFO (Funds From Operations) Forecasts
11:00 IMPORTANT: On Price To FFO Range, I'm getting a range of 8.22 to 8.62. This is the REIT equivalent to the PE Ratio. Realty Income (O) is trading at a Price To AFFO or 18.81.
12:12 Why is ONL trading at a much cheaper level than O?
12:37 Fun Fact: Realty Income (O) now owns the Encore Boston Harbor resort! This is partnership with Wynn Resorts!
13:18 IMPORTANT: A PRIMER ON TRIPLE NET LEASE REITS (NNN REITS)
14:49 ONL Dividend Distribution Analysis: They just initiated their dividend distribution.
15:19 They only announced $0.10 per quarter, or 2.8% starting dividend distribution yield.
15:44 KEY POINT: They report on FAD (Funds Available For Distribution). Their FAD is way higher than the starting dividend.
16:45 Based on FAD analysis, I believe ONL can afford to pay a dividend distribution yield of 8.4%.
17:31 KEY MISTAKES Investors Are Making With This Company (In my humble opinion)
19:01 Dividend Dividend By AFFO Analysis - Based on Realty Income (O)
20:02 Debt Strategy At ONL REIT
21:19 I love the low market capitalization for Orion, it gives me exposure to small cap.
21:48 POSSIBLE RED FLAG: Vereit had some issues with the SEC
23:06 There are red flags with any investment, in my opinion.
23:57 Check Out My Patreon (Pinned Comment)
24:25 DISCLOSURE AND DISCLAIMER

DISCLOSURE: I am long Realty Income (O), Orion Office (ONL), Raytheon Technologies (RTX), Carrier (CARR), Otis (OTIS), Pfizer (PFE), Viatris (VTRS), IBM (IBM), Kyndryl (KD), The Home Depot (HD), and Apple (AAPL). I own these stocks in my personal stock portfolio.

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