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 52,396 - -
Change - -1.79% 4.5% 12.45% 10.93% 1.04% - -
Enterprise Value (EV) 1 55,691 57,720 62,856 72,527 81,085 84,884 87,514 89,443
Change - 3.64% 8.9% 15.39% 11.8% 4.69% 3.1% 2.2%
P/E 82.3x 44.7x 45.6x 54.5x 48.2x 36.8x 32.8x 33x
PBR 1.69x 1.46x 1.31x 1.23x 1.33x 1.29x 1.29x 1.31x
PEG - 0.7x -4x -2.5x 2.5x 1.3x 2.7x -74.08x
Capitalization / Revenue 20.7x 12.1x 10.5x 9.27x 9.54x 9.08x 8.67x 7.91x
EV / Revenue 28.4x 17.5x 15.9x 14.4x 14.9x 14.7x 14.5x 13.5x
EV / EBITDA 30.1x 19.4x 17.4x 15.4x 15.8x 15.2x 14.3x 13.6x
EV / EBIT 58.5x 44.1x 36.5x 31.2x 31.3x 28.4x 26.6x 24.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.833 2.967 3.051 3.126 3.217 3.263 3.346 3.433
Rate of return 3.96% 4.68% 5.31% 5.85% 5.71% 5.87% 6.02% 6.18%
EPS 2 0.87 1.42 1.26 0.98 1.17 1.511 1.693 1.685
Distribution rate 326% 209% 242% 319% 275% 216% 198% 204%
Net sales 1 1,960 3,300 3,958 5,044 5,437 5,772 6,043 6,621
EBITDA 1 1,850 2,979 3,617 4,717 5,118 5,591 6,120 6,593
EBIT 1 952 1,309 1,722 2,321 2,594 2,986 3,288 3,666
Net income 1 359.5 869.4 872.3 847.9 1,059 1,438 1,706 1,841
Net Debt 1 15,184 17,940 21,287 25,782 29,230 32,488 35,118 37,047
Reference price 2 71.59 63.43 57.42 53.41 56.37 55.55 55.55 55.55
Nbr of stocks (in thousands) 565,813 627,154 723,949 875,211 919,906 943,218 - -
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.($)
36.76x14.71x15.18x5.87% 52.4B
33.76x18.29x24.03x3.37% 121B
30.97x13.98x17.69x4.43% 65.81B
18.07x15.3x17.4x1.14% 37.31B
16.22x25.16x27.55x3.54% 16.56B
26.49x10.61x14.62x4.74% 15.21B
8.26x11.77x14.4x6.15% 14.51B
17.73x15.95x23.19x5.42% 13.77B
29.35x11.22x16.38x4.16% 13.35B
15.26x11.01x15.99x6.61% 12.52B
Average 23.29x 14.80x 18.64x 4.54% 36.21B
Weighted average by Cap. 28.53x 15.81x 19.70x 4.09%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Realty Income Corporation

Historical PBR trend

Valuation ratios - PBR - Realty Income Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Realty Income Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Realty Income Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Realty Income Corporation
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