Realty Income (known as the monthly dividend company) has been a safe haven this year as markets have declined sharply but Realty Income’s share price has remained roughly flat. However, some investors are left wondering if Realty Income still offers an attractive valuation or if it’s time to shift new investment dollars elsewhere. We offer our opinion on the relative attractiveness of the shares, including a discussion of business strategy, the risks and the current valuation as compared to 50 other big-dividend REITs (and as compared to 60 other “dividend aristocrats.”