O Intrinsic Valuation and Fundamental Analysis - Realty Income Corp - Alpha Spread

Realty Income Corp
NYSE:O

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Realty Income Corp Logo
Realty Income Corp
NYSE:O
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Price: 61.75 USD 0.46% Market Closed
Market Cap: 53.8B USD
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Intrinsic Value

The intrinsic value of one O stock under the Base Case scenario is 60.01 USD. Compared to the current market price of 61.75 USD, Realty Income Corp is Overvalued by 3%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

O Intrinsic Value
60.01 USD
Overvaluation 3%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Realty Income Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Summary

 

 

 

 

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for Realty Income Corp with those of its competitors based on recent analyst estimates.

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of Realty Income Corp and its key competitors using the latest financial data.

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Business Breakdown

Realty Income Corp., often referred to as the "Monthly Dividend Company," is a distinguished real estate investment trust (REIT) that has captured the attention of income-focused investors. Established in 1969, the company specializes in acquiring and managing retail and commercial properties that are characterized by long-term, net lease agreements. This unique business model allows Realty Income to benefit from steady, predictable cash flows while minimizing operational responsibilities, as tenants cover expenses like property taxes, insurance, and maintenance. Such a structure lends stability to its performance, making it a reliable choice for investors seeking consistent income through m...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Realty Income Corp

Current Assets 1.3B
Cash & Short-Term Investments 442.8m
Receivables 788.6m
Other Current Assets 59m
Non-Current Assets 66.8B
Long-Term Investments 1.2B
PP&E 51.5B
Intangibles 11.7B
Other Non-Current Assets 2.4B
Current Liabilities 1.8B
Accrued Liabilities 1.2B
Other Current Liabilities 634.6m
Non-Current Liabilities 27.5B
Long-Term Debt 25.5B
Other Non-Current Liabilities 2B
Efficiency

Earnings Waterfall
Realty Income Corp

Revenue
4.7B USD
Cost of Revenue
-342.1m USD
Gross Profit
4.4B USD
Operating Expenses
-2.3B USD
Operating Income
2.1B USD
Other Expenses
-1.3B USD
Net Income
838.4m USD

Free Cash Flow Analysis
Realty Income Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Realty Income reported a strong second quarter, with AFFO per share growing 6% to $1.06, driven by keen investments in the U.S. and Europe, totaling $805.8 million at an average initial cash yield of 7.9%. The company increased its full-year investment guidance to $3 billion—up 50% from prior guidance—reflecting a growing pipeline of attractive opportunities. With transaction volume rising $200 million sequentially, Realty Income is well-positioned to deliver on its AFFO per share guidance of $4.15 to $4.21 for 2024. Despite headwinds including certain client bankruptcies, the company remains confident in achieving nearly 1% same-store rental revenue growth for the year.

What is Earnings Call?
Fundamental Scores

O Profitability Score
Profitability Due Diligence

Realty Income Corp's profitability score is 53/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Positive Operating Income
Positive Net Income
53/100
Profitability
Score

Realty Income Corp's profitability score is 53/100. The higher the profitability score, the more profitable the company is.

O Solvency Score
Solvency Due Diligence

Realty Income Corp's solvency score is 31/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Low Altman Z-Score
31/100
Solvency
Score

Realty Income Corp's solvency score is 31/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

O Price Targets Summary
Realty Income Corp

Wall Street analysts forecast O stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for O is 65.77 USD with a low forecast of 58.58 USD and a high forecast of 73.76 USD.

Lowest
Price Target
58.58 USD
5% Downside
Average
Price Target
65.77 USD
7% Upside
Highest
Price Target
73.76 USD
19% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
Unsafe
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Safe
0
25
50
75
100
Previous Payment
-
Today
Next Payment
-
Today
Oct 12, 2024
Previous Payment
-
Next Payment
-
Ex-Dividend Date
-
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Shareholder Yield

Current shareholder yield for O is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Highest
Buyback Yield
Lowest
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Highest
Debt Paydown Yield
Lowest
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Highest

Ownership

O Insider Trading
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Cumulative Transactions Amount
Period Sold Bought Net
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Profile

Realty Income Corp Logo
Realty Income Corp

Country

United States of America

Industry

Real Estate

Market Cap

53.8B USD

Dividend Yield

5.04%

Description

Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company is headquartered in San Diego, California and currently employs 367 full-time employees. The firm is focused on acquiring and managing freestanding commercial properties under a long-term net lease agreement. The firm owns and operates diversified portfolio of over 11,000 commercial properties. The firm's properties are leased to clients, operating across 60 industries, and located in 50 United States (U.S) states, Puerto Rico, the United Kingdom and Spain. The majority of its properties are leased to retail clients that have a service, non-discretionary, and/or low price point component to their business. The Company’s property types include Retail, Industrial, and Agriculture.

Contact

CALIFORNIA
San Diego
11995 El Camino Real
+18582845000.0
www.realtyincome.com

IPO

1994-10-18

Employees

367

Officers

See Also

Discover More
What is the Intrinsic Value of one O stock?

The intrinsic value of one O stock under the Base Case scenario is 60.01 USD.

Is O stock undervalued or overvalued?

Compared to the current market price of 61.75 USD, Realty Income Corp is Overvalued by 3%.

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