Company Valuation: Realty Income Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 40,507 39,780 41,569 46,745 51,855 58,859 - -
Change - -1.79% 4.5% 12.45% 10.93% 13.51% - -
Enterprise Value (EV) 1 55,691 57,720 62,856 72,527 81,085 90,871 92,561 93,885
Change - 3.64% 8.9% 15.39% 11.8% 12.07% 1.86% 1.43%
P/E 82.3x 44.7x 45.6x 54.5x 48.2x 40.3x 35.4x 33.8x
PBR 1.69x 1.46x 1.31x 1.23x 1.33x 1.48x 1.49x 1.51x
PEG - 0.7x -4x -2.5x 2.5x 1.2x 2.5x 7.11x
Capitalization / Revenue 20.7x 12.1x 10.5x 9.27x 9.54x 10.1x 9.46x 8.68x
EV / Revenue 28.4x 17.5x 15.9x 14.4x 14.9x 15.6x 14.9x 13.8x
EV / EBITDA 30.1x 19.4x 17.4x 15.4x 15.8x 16.2x 15.1x 14.2x
EV / EBIT 58.5x 44.1x 36.5x 31.2x 31.3x 31.4x 29.5x 27.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.833 2.967 3.051 3.126 3.217 3.273 3.361 3.45
Rate of return 3.96% 4.68% 5.31% 5.85% 5.71% 5.19% 5.32% 5.47%
EPS 2 0.87 1.42 1.26 0.98 1.17 1.565 1.784 1.869
Distribution rate 326% 209% 242% 319% 275% 209% 188% 185%
Net sales 1 1,960 3,300 3,958 5,044 5,437 5,812 6,219 6,781
EBITDA 1 1,850 2,979 3,617 4,717 5,118 5,593 6,134 6,614
EBIT 1 952 1,309 1,722 2,321 2,594 2,892 3,141 3,429
Net income 1 359.5 869.4 872.3 847.9 1,059 1,532 1,782 1,920
Net Debt 1 15,184 17,940 21,287 25,782 29,230 32,012 33,702 35,026
Reference price 2 71.59 63.43 57.42 53.41 56.37 63.12 63.12 63.12
Nbr of stocks (in thousands) 565,813 627,154 723,949 875,211 919,906 932,493 - -
Announcement Date 2/22/22 2/21/23 2/20/24 2/24/25 2/24/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.19x12.87x15.96x5.3% 17B
11.08x23.51x26.25x3.72% 15.74B
19.83x16.83x24.67x4.99% 14.76B
10.45x13.58x16.29x5.28% 12.14B
8.15x22.87x30.81x2.73% 10.97B
32.47x11.56x18.23x3.63% 10.81B
16.26x12.43x19.41x6.01% 9.81B
29.85x7.57x12.52x5.22% 9.62B
-1955.5x8.13x19.33x1.92% 7.36B
Average -202.02x 14.37x 20.39x 4.31% 12.02B
Weighted average by Cap. -117.81x 15.09x 20.65x 4.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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