{
  "docId": "019dd923-622c-750b-8b98-639c191d3d92",
  "docSlug": "5f7b3bad7ba3",
  "documentTitle": "Realty Income Corp (O)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-02-07 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 10,
  "pageCount": 46,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "before_after",
  "function": "diagnose_problem",
  "density": "balanced",
  "nDataPoints": 2,
  "notes": "The slide uses arrows to visually emphasize the inverse movement between the two lines.",
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  "slideHref": "/slides/019dd923-622c-750b-8b98-639c191d3d92/10",
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  "components": [
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      "kind": "callout",
      "text": "Consensus expectations imply a 3% yield for the 10 year by 1Q19 and 3.5% by the 2Q20. As interest rates rise, O Realty’s stock price exhibits a negative correlation.",
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      "kind": "chart",
      "text": "Dual-axis line chart showing O Realty Price (blue) vs 10 Year Yield (red)",
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      "kind": "metric",
      "text": "10 Year Yield: 3.5%",
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      "text": "Consensus expectations imply a 3% yield for the 10 year by 1Q19 and 3.5% by the 2Q20. As interest rates rise, O Realty's stock price exhibits a negative correlation.",
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      "kind": "source-note",
      "text": "Source: Bloomberg",
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        "h": 0.08,
        "w": 0.65,
        "x": 0.32,
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      "kind": "title",
      "text": "Interest Rate Cycle Is A Macro Negative: O Realty Stock Price vs. 10 Year Yield",
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      "evidence": "Shows historical correlation and projects future negative impact based on rising rates.",
      "confidence": 0.8
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  "arcBeats": [
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      "from": 6,
      "beatId": "2552a7fa-f225-47e1-83f1-b97099e2b2ae",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "Evidence of A Deteriorating Business Model, Same Property Revenues Are Declining, Not Growing As O Realty Portrays, etc.",
      "position": 1,
      "confidence": 0.9,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
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      "evidence": "The Virtuous Circle Gone Bad, O Stock Price vs. 10 Year Yield",
      "position": 1,
      "objective": "How does the interest rate cycle affect Realty Income Corp.'s stock price?",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
      "confidence": 0.7,
      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
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