Retail real estate is a reality for Realty Income Corporation. The self-administered real estate investment trust (REIT) acquires, owns, and manages primarily free-standing, highly-occupied, single-tenant properties which it leases to regional and national consumer retail and service chains. Realty Income owns more than 4,320 (mostly retail) properties spanning some 71 million sq. ft. of leasable space across every US state except Hawaii, though nearly half of the REIT's rental revenue comes from its properties in Texas, California, Florida, Minnesota, Georgia, Illinois, and Virginia. Realty Income's top five tenants include Walgreens, FedEx, Dollar General, LA Fitness, and Family Dollar.