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 57,772 - -
Change - -1.79% 4.5% 12.45% 10.93% 11.41% - -
Enterprise Value (EV) 1 55,691 57,720 62,856 72,527 81,085 89,950 92,971 94,778
Change - 3.64% 8.9% 15.39% 11.8% 10.93% 3.36% 1.94%
P/E 82.3x 44.7x 45.6x 54.5x 48.2x 39.9x 34.8x 33.9x
PBR 1.69x 1.46x 1.31x 1.23x 1.33x 1.41x 1.41x 1.43x
PEG - 0.7x -4x -2.5x 2.5x 1.3x 2.3x 13.61x
Capitalization / Revenue 20.7x 12.1x 10.5x 9.27x 9.54x 10x 9.38x 8.77x
EV / Revenue 28.4x 17.5x 15.9x 14.4x 14.9x 15.6x 15.1x 14.4x
EV / EBITDA 30.1x 19.4x 17.4x 15.4x 15.8x 16x 15.1x 14.3x
EV / EBIT 58.5x 44.1x 36.5x 31.2x 31.3x 30.2x 28.3x 25.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.833 2.967 3.051 3.126 3.217 3.263 3.351 3.44
Rate of return 3.96% 4.68% 5.31% 5.85% 5.71% 5.33% 5.47% 5.62%
EPS 2 0.87 1.42 1.26 0.98 1.17 1.534 1.762 1.805
Distribution rate 326% 209% 242% 319% 275% 213% 190% 191%
Net sales 1 1,960 3,300 3,958 5,044 5,437 5,763 6,160 6,588
EBITDA 1 1,850 2,979 3,617 4,717 5,118 5,640 6,159 6,616
EBIT 1 952 1,309 1,722 2,321 2,594 2,974 3,282 3,657
Net income 1 359.5 869.4 872.3 847.9 1,059 1,465 1,757 1,878
Net Debt 1 15,184 17,940 21,287 25,782 29,230 32,178 35,198 37,006
Reference price 2 71.59 63.43 57.42 53.41 56.37 61.25 61.25 61.25
Nbr of stocks (in thousands) 565,813 627,154 723,949 875,211 919,906 943,218 - -
Announcement Date 22/02/22 21/02/23 20/02/24 24/02/25 24/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
39.92x15.61x15.95x5.33% 57.77B
16.76x23.46x28.11x3.44% 17.39B
8.44x12.16x14.9x5.68% 16.31B
18.38x16.61x23.86x5.14% 14.7B
9.98x13.64x16.21x5.19% 12.65B
27.61x10.97x17.25x3.9% 10.17B
7.77x20.33x27.51x3.19% 9.54B
14.63x11.82x18.37x6.36% 9.39B
36.02x7.62x12.24x5.47% 9.17B
-146.36x8.18x19.69x2.05% 6.83B
Average 3.32x 14.04x 19.41x 4.58% 16.39B
Weighted average by Cap. 18.02x 15.05x 18.70x 4.85%

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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