1. Since the last analysis, Realty Income has delivered a 17.2% return and completed its merger with Spirit Realty Capital. 2. With the transition to a rate-cutting cycle, the company's growth prospects are improving. 3. DCF analysis shows conservative growth estimates, with AFFO indicating sustainable earnings. 4. The article recommends buying Realty Income Corporation at its current stock price due to a projected upside potential of 19.3% and a favorable market environment.