Realty Income Corp.
O
Market Cap$44.81B
Close$
Earnings Call Q4 2023
February 21, 2024 - AI Summary
Realty Income reported strong fourth quarter and full-year 2023 results, with $9.5 billion in property level investment volume and an annual AFFO per share of $4.
The company closed on $2.7 billion of investments in the fourth quarter at a weighted average cash yield of 7.6%, including a sale leaseback transaction with Decathlon.
Realty Income provided 2024 AFFO per share guidance of $4.13 to $4.21, representing a growth rate of 4.3% at the midpoint. They expect to achieve this growth without selling additional public equity.
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$53.76
0.8% upside
Current Fair Value
0.8% upsideUndervalued by 0.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $44.81 Billion |
|---|---|
| Enterprise Value | $66.36 Billion |
| Dividend Yield | $2.9919 (5.75%) |
| Earnings per Share | $1.26 |
| Beta | 0.66 |
| Outstanding Shares | 861,149,780 |
| Avg 30 Day Volume | 5,612,311 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 51.36 |
|---|---|
| PEG | -1317.53 |
| Price to Sales | 13.33 |
| Price to Book Ratio | 1.4 |
| Enterprise Value to Revenue | 16.27 |
| Enterprise Value to EBIT | 40.02 |
| Enterprise Value to Net Income | 76 |
| Total Debt to Enterprise | 0.33 |
| Debt to Equity | 0.66 |
Revenue Sources
No data
ESG Score
No data
About Realty Income Corp.
194 employees
CEO: Sumit Roy Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from ov...