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 53,037 - -
Change - -1.79% 4.5% 12.45% 10.93% 2.28% - -
Enterprise Value (EV) 1 55,691 57,720 62,856 72,527 81,085 85,487 88,214 90,293
Change - 3.64% 8.9% 15.39% 11.8% 5.43% 3.19% 2.36%
P/E 82.3x 44.7x 45.6x 54.5x 48.2x 37.3x 33.3x 33.7x
PBR 1.69x 1.46x 1.31x 1.23x 1.33x 1.3x 1.3x 1.33x
PEG - 0.7x -4x -2.5x 2.5x 1.3x 2.8x -27.7x
Capitalization / Revenue 20.7x 12.1x 10.5x 9.27x 9.54x 9.17x 8.7x 8.04x
EV / Revenue 28.4x 17.5x 15.9x 14.4x 14.9x 14.8x 14.5x 13.7x
EV / EBITDA 30.1x 19.4x 17.4x 15.4x 15.8x 15.3x 14.4x 13.7x
EV / EBIT 58.5x 44.1x 36.5x 31.2x 31.3x 28.6x 26.6x 24.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.833 2.967 3.051 3.126 3.217 3.263 3.345 3.441
Rate of return 3.96% 4.68% 5.31% 5.85% 5.71% 5.8% 5.95% 6.12%
EPS 2 0.87 1.42 1.26 0.98 1.17 1.507 1.687 1.667
Distribution rate 326% 209% 242% 319% 275% 216% 198% 206%
Net sales 1 1,960 3,300 3,958 5,044 5,437 5,782 6,097 6,595
EBITDA 1 1,850 2,979 3,617 4,717 5,118 5,593 6,123 6,605
EBIT 1 952 1,309 1,722 2,321 2,594 2,989 3,310 3,730
Net income 1 359.5 869.4 872.3 847.9 1,059 1,438 1,697 1,825
Net Debt 1 15,184 17,940 21,287 25,782 29,230 32,450 35,177 37,256
Reference price 2 71.59 63.43 57.42 53.41 56.37 56.23 56.23 56.23
Nbr of stocks (in thousands) 565,813 627,154 723,949 875,211 919,906 943,218 - -
Announcement Date 22/2/22 21/2/23 20/2/24 24/2/25 24/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.3x14.78x15.28x5.8% 53.04B
33.33x17.89x22.45x3.42% 119B
32.25x14.38x18.47x4.26% 68.35B
18.28x15.47x17.6x1.13% 38.41B
13.83x24.64x26.98x3.63% 16.23B
27.23x10.84x14.91x4.59% 15.7B
8.29x11.87x14.53x6.02% 14.75B
18.05x16.15x23.47x5.33% 14.05B
29.36x11.19x16.38x4.15% 13.37B
15.73x11.23x16.31x6.41% 12.91B
Average 23.37x 14.84x 18.64x 4.47% 36.58B
Weighted average by Cap. 28.64x 15.74x 19.32x 4.05%

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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