Company Valuation: Realty Income Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 40,507 39,780 41,569 46,745 51,855 60,086 - -
Change - -1.79% 4.5% 12.45% 10.93% 15.87% - -
Enterprise Value (EV) 1 55,691 57,720 62,856 72,527 81,085 90,994 92,266 93,402
Change - 3.64% 8.9% 15.39% 11.8% 12.22% 1.4% 1.23%
P/E ratio 82.3x 44.7x 45.6x 54.5x 48.2x 39.5x 37x 34.9x
PBR 1.69x 1.46x 1.31x 1.23x 1.33x 1.43x 1.55x 1.38x
PEG - 0.7x -4x -2.5x 2.5x 1x 5.51x 5.77x
Capitalization / Revenue 20.7x 12.1x 10.5x 9.27x 9.54x 10.6x 9.86x 8.5x
EV / Revenue 28.4x 17.5x 15.9x 14.4x 14.9x 16x 15.1x 13.2x
EV / EBITDA 30.1x 19.4x 17.4x 15.4x 15.8x 16.3x 15.3x 14.3x
EV / EBIT 58.5x 44.1x 36.5x 31.2x 31.3x 32.3x 30.4x 27.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.833 2.967 3.051 3.126 3.217 3.299 3.396 3.534
Rate of return 3.96% 4.68% 5.31% 5.85% 5.71% 5.12% 5.27% 5.48%
EPS 2 0.87 1.42 1.26 0.98 1.17 1.633 1.743 1.848
Distribution rate 326% 209% 242% 319% 275% 202% 195% 191%
Net sales 1 1,960 3,300 3,958 5,044 5,437 5,686 6,094 7,070
EBITDA 1 1,850 2,979 3,617 4,717 5,118 5,583 6,044 6,550
EBIT 1 952 1,309 1,722 2,321 2,594 2,817 3,032 3,368
Net income 1 359.5 869.4 872.3 847.9 1,059 1,568 1,733 1,853
Net Debt 1 15,184 17,940 21,287 25,782 29,230 30,907 32,180 33,315
Reference price 2 71.59 63.43 57.42 53.41 56.37 64.44 64.44 64.44
Nbr of stocks (in thousands) 565,813 627,154 723,949 875,211 919,906 932,440 - -
Announcement Date 22/02/22 21/02/23 20/02/24 24/02/25 24/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
39.46x16x16.3x5.12% 60.09B
9.4x11.87x15.43x4.79% 15.43B
20.8x16.91x24.81x4.77% 13.88B
14.67x21.77x24.68x4.29% 12.93B
7.59x12.8x15.42x5.91% 10.54B
16.39x12.04x18.57x6.07% 9.13B
34.75x10.37x16.25x4.35% 9.01B
8.08x20.04x27.17x3.27% 8.63B
265.22x6.85x11.13x5.95% 8.39B
8.99x15.51x20.72x6.69% 7B
Average 42.54x 14.42x 19.05x 5.12% 15.5B
Weighted average by Cap. 38.02x 15.08x 18.27x 5.06%

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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  4. Valuation Realty Income Corporation
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