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Realty Income Corp
NYSE:O

Watchlist Manager
Realty Income Corp Logo
Realty Income Corp
NYSE:O
Watchlist
Price: 52.96 USD 0.04%
Updated: Feb 26, 2024

Intrinsic Value

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. [ Read More ]

The intrinsic value of one O stock under the Base Case scenario is 58.07 USD. Compared to the current market price of 52.96 USD, Realty Income Corp is Undervalued by 9%.

Key Points:
O Intrinsic Value
Base Case
58.07 USD
Undervaluation 9%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Realty Income Corp

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Fundamental Analysis

Realty Income's Robust Growth and 2024 Outlook
2023-Q4 Earnings Call

Realty Income's Robust Growth and 2024 Outlook

Realty Income delivered a record investment volume of over $9.5 billion in 2023, showcasing growth and rewarding relationships. With a $2.7 billion investment volume at 7.6% yield in Q4, it achieved a 115-120 basis points investment spread and approached sectors like data centers. A $9.3 billion merger with Spirit Realty boosts the 2023 AFFO per share of $4 to $4.13-$4.21 in 2024, predicting a 4.3% growth at the midpoint and a total return above 10%. Acquisition guidance for 2024 stands at approximately $2 billion, funded by internal cash flow and credit facilities. A disciplined investment approach is set against a massive $14 trillion addressable net lease market. The Spirit merger improves capital market access and trading volumes, enhancing non-disruptive funding ability. AI analytics drive strategic acquisitions and portfolio management, with same-store rents increasing by 1.9% in 2023.

Financials

Balance Sheet Decomposition
Realty Income Corp

Current Assets 976.7m
Cash & Short-Term Investments 232.9m
Receivables 710.5m
Other Current Assets 33.3m
Non-Current Assets 56.8B
Long-Term Investments 1.2B
PP&E 44.8B
Intangibles 8.7B
Other Non-Current Assets 2B
Current Liabilities 2.3B
Accounts Payable 738.5m
Accrued Liabilities 977.5m
Other Current Liabilities 602.2m
Non-Current Liabilities 22.5B
Long-Term Debt 21.6B
Other Non-Current Liabilities 955.1m
Efficiency
Fundamental Scores

O Profitability Score
Profitability Due Diligence

Realty Income Corp's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Exceptional 3-Years Revenue Growth
Positive Net Income
51/100
Profitability
Score

Realty Income Corp's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

O Solvency Score
Solvency Due Diligence

Realty Income Corp's solvency score is 29/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Low Altman Z-Score
29/100
Solvency
Score

Realty Income Corp's solvency score is 29/100. 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 62.57 USD with a low forecast of 57.57 USD and a high forecast of 73.5 USD.

Lowest
Price Target
57.57 USD
9% Upside
Average
Price Target
62.57 USD
18% Upside
Highest
Price Target
73.5 USD
39% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

O Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

O Price
Realty Income Corp

1M 1M
-3%
6M 6M
-6%
1Y 1Y
-17%
3Y 3Y
0%
5Y 5Y
-5%
10Y 10Y
+85%
Annual Price Range
52.96
52w Low
45.964
52w High
64.01
Price Metrics
Average Annual Return 4.16%
Standard Deviation of Annual Returns 18.36%
Max Drawdown -48%
Shares Statistics
Market Capitalization 45.6B USD
Shares Outstanding 861 123 968
Percentage of Shares Shorted 1.71%

O Return Decomposition
Main factors of price return

What is price return decomposition?

O News

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Last Important Events
Realty Income Corp

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
Realty Income Corp

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Last 7 Days 7D
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Company Profile

Realty Income Corp Logo
Realty Income Corp

Country

United States of America

Industry

Real Estate

Market Cap

45.6B USD

Dividend Yield

5.81%

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
https://www.realtyincome.com/Home/default.aspx

IPO

1994-10-18

Employees

367

Officers

President, CEO & Director
Mr. Sumit Roy
Executive VP & Chief Investment Officer
Mr. Mark E. Hagan
Executive VP, Chief Legal Officer, General Counsel & Secretary
Ms. Michelle Bushore
President of Realty Income International, Executive VP & Chief Strategy Officer
Mr. Neil M. Abraham
Executive VP, CFO, Head of Corporate Finance & Treasurer
Mr. Jonathan Pong C.F.A., CPA
Executive VP & COO
Mr. Gregory J. Whyte
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Senior VP, Controller & Principal Accounting Officer
Mr. Sean P. Nugent
Executive VP & Chief People Officer
Ms. Shannon Kehle
Senior Vice President of Asset Management
Mr. Ross Edwards
Senior Vice President of Research
Mr. Scott Kohnen
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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 58.07 USD.

Is O stock undervalued or overvalued?

Compared to the current market price of 52.96 USD, Realty Income Corp is Undervalued by 9%.