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 61,078 - -
Change - -1.79% 4.5% 12.45% 10.93% 17.79% - -
Enterprise Value (EV) 1 55,691 57,720 62,856 72,527 81,085 93,140 95,830 97,782
Change - 3.64% 8.9% 15.39% 11.8% 14.87% 2.89% 2.04%
P/E 82.3x 44.7x 45.6x 54.5x 48.2x 42x 37x 35.1x
PBR 1.69x 1.46x 1.31x 1.23x 1.33x 1.51x 1.51x 1.53x
PEG - 0.7x -4x -2.5x 2.5x 1.3x 2.8x 6.46x
Capitalization / Revenue 20.7x 12.1x 10.5x 9.27x 9.54x 10.5x 9.83x 8.91x
EV / Revenue 28.4x 17.5x 15.9x 14.4x 14.9x 16x 15.4x 14.3x
EV / EBITDA 30.1x 19.4x 17.4x 15.4x 15.8x 16.6x 15.6x 14.6x
EV / EBIT 58.5x 44.1x 36.5x 31.2x 31.3x 31.9x 30.1x 27.7x
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% 5.13% 5.27%
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 5,805 6,211 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 65.50 65.50 65.50
Nbr of stocks (in thousands) 565,813 627,154 723,949 875,211 919,906 932,493 - -
Announcement Date 2/22/22 A 2/21/23 A 2/20/24 A 2/24/25 A 2/24/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.02x16.06x16.65x4.99% 61.17B
13.39x24.54x28.91x3.35% 17.67B
9.5x12.71x15.86x5.24% 17.22B
20.16x17.02x25.34x4.91% 15.04B
11.1x13.87x16.62x5.08% 12.6B
31.21x11.62x18.33x3.6% 10.89B
8.11x22.77x30.83x2.75% 10.81B
15.84x12.31x19.26x6.1% 9.64B
24.7x7.32x12x5.66% 8.88B
-158.88x8.18x19.74x1.89% 7.47B
Average 1.72x 14.64x 20.35x 4.36% 17.14B
Weighted average by Cap. 17.66x 15.66x 19.64x 4.58%

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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