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 58,654 - -
Change - -1.79% 4.5% 12.45% 10.93% 13.11% - -
Enterprise Value (EV) 1 55,691 57,720 62,856 72,527 81,085 90,715 93,405 95,357
Change - 3.64% 8.9% 15.39% 11.8% 11.88% 2.97% 2.09%
P/E 82.3x 44.7x 45.6x 54.5x 48.2x 40.3x 35.5x 33.7x
PBR 1.69x 1.46x 1.31x 1.23x 1.33x 1.45x 1.45x 1.47x
PEG - 0.7x -4x -2.5x 2.5x 1.2x 2.7x 6.2x
Capitalization / Revenue 20.7x 12.1x 10.5x 9.27x 9.54x 10x 9.39x 8.56x
EV / Revenue 28.4x 17.5x 15.9x 14.4x 14.9x 15.5x 15x 13.9x
EV / EBITDA 30.1x 19.4x 17.4x 15.4x 15.8x 16.2x 15.2x 14.3x
EV / EBIT 58.5x 44.1x 36.5x 31.2x 31.3x 31.1x 29.4x 27x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.833 2.967 3.051 3.126 3.217 3.274 3.361 3.454
Rate of return 3.96% 4.68% 5.31% 5.85% 5.71% 5.21% 5.34% 5.49%
EPS 2 0.87 1.42 1.26 0.98 1.17 1.561 1.77 1.866
Distribution rate 326% 209% 242% 319% 275% 210% 190% 185%
Net sales 1 1,960 3,300 3,958 5,044 5,437 5,837 6,246 6,855
EBITDA 1 1,850 2,979 3,617 4,717 5,118 5,601 6,157 6,685
EBIT 1 952 1,309 1,722 2,321 2,594 2,916 3,178 3,526
Net income 1 359.5 869.4 872.3 847.9 1,059 1,527 1,762 1,927
Net Debt 1 15,184 17,940 21,287 25,782 29,230 32,062 34,751 36,703
Reference price 2 71.59 63.43 57.42 53.41 56.37 62.90 62.90 62.90
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.($)
9.55x12.6x15.45x5.22% 17.48B
16.95x23.7x28.74x3.4% 17.46B
20.57x17.25x25.68x4.82% 15.44B
11.51x14.04x16.71x4.98% 13.07B
29.83x11.51x18.09x3.7% 10.74B
9.79x21.89x29.58x2.87% 10.51B
16.23x12.49x19.55x5.96% 9.93B
25.72x7.46x12.22x5.43% 9.24B
-159.72x8.2x19.79x1.88% 7.51B
Average -2.18x 14.35x 20.65x 4.25% 12.38B
Weighted average by Cap. 4.97x 15.19x 21.08x 4.34%

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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