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REALTY INCOME CORPORATION |
Market Closed -
Other stock markets
|
|
After market 04:24:36 pm | ||
| 54.71 USD | -0.38% | 54.76 | +0.08% | |
| 01:11pm | Wolfe Research Upgrades Realty Income to Outperform From Peer Perform, Price Target is $66 | MT |
| Nov. 30 | U.S. Currency | FA |
Valuation
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18 604 | 23 997 | 21 821 | 40 507 | 39 780 | 39 758 | - | - |
| Enterprise Value (EV) 1 | 25 094 | 31 845 | 29 814 | 55 691 | 57 720 | 61 781 | 65 092 | 67 475 |
| P/E ratio | 50,0x | 53,4x | 54,5x | 82,3x | 44,7x | 42,9x | 36,1x | 37,6x |
| Yield | 4,17% | 3,68% | 4,49% | 3,96% | 4,68% | 5,56% | 5,74% | 5,93% |
| Capitalization / Revenue | 14,6x | 17,0x | 14,0x | 20,7x | 12,1x | 10,3x | 8,80x | 9,06x |
| EV / Revenue | 19,7x | 22,5x | 19,1x | 28,4x | 17,5x | 16,0x | 14,4x | 15,4x |
| EV / EBITDA | 21,3x | 23,8x | 20,2x | 30,1x | 19,4x | 17,0x | 15,7x | 14,7x |
| EV / FCF | 26 674 453x | -12 600 986x | 26 936 307x | 42 736 718x | 23 384 118x | - | - | - |
| FCF Yield | 0,00% | 0,00% | 0,00% | 0,00% | 0,00% | - | - | - |
| Price to Book | 2,36x | 2,51x | 2,04x | 1,69x | 1,46x | 1,23x | 1,29x | 1,30x |
| Nbr of stocks (in thousands) | 295 116 | 325 919 | 350 990 | 565 813 | 627 154 | 723 924 | - | - |
| Reference price 2 | 63,0 | 73,6 | 62,2 | 71,6 | 63,4 | 54,9 | 54,9 | 54,9 |
| Announcement Date | 2/20/19 | 2/19/20 | 2/22/21 | 2/22/22 | 2/21/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1 275 | 1 416 | 1 560 | 1 960 | 3 300 | 3 860 | 4 520 | 4 389 |
| EBITDA 1 | 1 177 | 1 337 | 1 474 | 1 850 | 2 979 | 3 626 | 4 150 | 4 582 |
| EBIT 1 | 638 | 743 | 797 | 952 | 1 309 | 1 677 | 1 968 | 2 158 |
| Operating Margin | 50,0% | 52,5% | 51,1% | 48,6% | 39,7% | 43,5% | 43,5% | 49,2% |
| Earnings before Tax (EBT) 1 | 372 | 452 | 487 | 392 | 918 | 1 003 | 1 464 | 1 232 |
| Net income 1 | 364 | 436 | 395 | 359 | 869 | 891 | 1 128 | 1 188 |
| Net margin | 28,5% | 30,8% | 25,3% | 18,3% | 26,3% | 23,1% | 25,0% | 27,1% |
| EPS 2 | 1,26 | 1,38 | 1,14 | 0,87 | 1,42 | 1,28 | 1,52 | 1,46 |
| Free Cash Flow | 941 | -2 527 | 1 107 | 1 303 | 2 468 | - | - | - |
| FCF margin | 73,8% | -179% | 70,9% | 66,5% | 74,8% | - | - | - |
| FCF Conversion (EBITDA) | 79,9% | - | 75,1% | 70,4% | 82,9% | - | - | - |
| FCF Conversion (Net income) | 259% | - | 280% | 363% | 284% | - | - | - |
| Dividend per Share 2 | 2,63 | 2,71 | 2,79 | 2,83 | 2,97 | 3,06 | 3,15 | 3,26 |
| Announcement Date | 2/20/19 | 2/19/20 | 2/22/21 | 2/22/22 | 2/21/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period : December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 437 | 462 | 643 | 756 | 801 | 826 | 873 | 866 | 995 | 1 009 | 990 | 1 104 | 1 124 | 1 145 | 1 005 |
| EBITDA 1 | 411 | 438 | 611 | 722 | 724 | 750 | 782 | 841 | 888 | 933 | 975 | 988 | 1 052 | 1 095 | 1 111 |
| EBIT 1 | 223 | 240 | 278 | 319 | 315 | 331 | 344 | 389 | 249 | 437 | 440 | 584 | 590 | 633 | 538 |
| Operating Margin | 51,0% | 51,8% | 43,1% | 42,2% | 39,3% | 40,1% | 39,4% | 45,0% | 25,0% | 43,3% | 44,5% | 52,9% | 52,5% | 55,3% | 53,5% |
| Earnings before Tax (EBT) | 134 | 141 | 14,6 | 211 | 238 | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 124 | 135 | 4,04 | 199 | 223 | 220 | 227 | 225 | 195 | 233 | 232 | 279 | 281 | 287 | 243 |
| Net margin | 28,5% | 29,2% | 0,63% | 26,4% | 27,9% | 26,6% | 26,0% | 26,0% | 19,6% | 23,1% | 23,4% | 25,3% | 25,0% | 25,1% | 24,2% |
| EPS 2 | 0,33 | 0,34 | 0,01 | 0,34 | 0,37 | 0,36 | 0,36 | 0,34 | 0,29 | 0,33 | 0,32 | 0,39 | 0,39 | 0,38 | 0,35 |
| Dividend per Share 2 | 0,71 | 0,71 | 0,72 | 0,74 | 0,74 | 0,74 | 0,74 | 0,75 | 0,77 | 0,77 | 0,77 | 0,78 | 0,79 | 0,79 | 0,79 |
| Announcement Date | 8/2/21 | 11/1/21 | 2/22/22 | 5/4/22 | 8/3/22 | 11/2/22 | 2/21/23 | 5/3/23 | 8/2/23 | 11/6/23 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6 490 | 7 848 | 7 993 | 15 184 | 17 940 | 22 023 | 25 334 | 27 717 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5,51x | 5,87x | 5,42x | 8,21x | 6,02x | 6,07x | 6,10x | 6,05x |
| Free Cash Flow | 941 | -2 527 | 1 107 | 1 303 | 2 468 | - | - | - |
| ROE (net income / shareholders' equity) | 4,69% | 4,89% | 3,81% | 3,34% | 3,23% | 2,93% | 3,42% | 3,70% |
| Shareholders' equity 1 | 7 756 | 8 932 | 10 380 | 10 747 | 26 883 | 30 393 | 33 031 | 32 117 |
| ROA (Net income/ Total Assets) | 2,48% | 2,58% | 2,01% | 1,13% | 1,87% | 1,70% | 1,98% | 2,05% |
| Assets 1 | 14 659 | 16 907 | 19 648 | 31 939 | 46 406 | 52 441 | 57 048 | 57 842 |
| Book Value Per Share 2 | 26,7 | 29,3 | 30,4 | 42,4 | 43,5 | 44,5 | 42,5 | 42,1 |
| Cash Flow per Share | 3,25 | 3,38 | 3,23 | 3,19 | 4,19 | - | - | - |
| Capex 1 | 25,4 | 23,5 | 8,71 | 19,1 | 95,5 | 67,0 | 82,0 | 88,0 |
| Capex / Sales | 1,99% | 1,66% | 0,56% | 0,97% | 2,89% | 1,74% | 1,81% | 2,00% |
| Announcement Date | 2/20/19 | 2/19/20 | 2/22/21 | 2/22/22 | 2/21/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
54.92USD
Average target price
60.77USD
Spread / Average Target
+10.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.12% | 39 758 M $ | |
| -15.29% | 20 803 M $ | |
| +10.90% | 12 809 M $ | |
| +30.70% | 9 364 M $ | |
| -7.84% | 9 284 M $ | |
| +2.92% | 9 233 M $ | |
| -1.44% | 8 144 M $ | |
| +8.50% | 7 210 M $ | |
| +23.48% | 6 179 M $ | |
| +5.72% | 5 970 M $ |
- Stock
- Equities
- Stock Realty Income Corporation - Nyse
- Financials Realty Income Corporation
