Additionally, Realty Income sports a quarter century of superior occupancy rates. Whereas the median occupancy rate for S&P 500 REITs is 94.2% since 2000, Realty Income has been 400 basis points better (98.2%) at its historical median occupancy rate since 2000. This is a testament to its long lease terms, the quality of its tenants (and the vetting process), and the company's prudent disposition activity.