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Realty Income Corp Stock Research

O

62.61USD+0.57(+0.92%)Market Closed

Market Summary

USD62.61+0.57
Market Closed
0.92%

O Alerts

O Stock Price

O RSI Chart

O Valuation

Market Cap

41.3B

Price/Earnings (Trailing)

47.55

Price/Sales (Trailing)

12.36

EV/EBITDA

13.48

Price/Free Cashflow

16.12

O Price/Sales (Trailing)

O Profitability

EBT Margin

27.44%

Return on Equity

3.03%

Return on Assets

1.75%

Free Cashflow Yield

6.2%

O Fundamentals

O Revenue

Revenue (TTM)

3.3B

Revenue Y/Y

29.73%

Revenue Q/Q

6.14%

O Earnings

Earnings (TTM)

869.4M

Earnings Y/Y

5.5K%

Earnings Q/Q

3.51%

Price Action

52 Week Range

55.2874.22
(Low)(High)

Last 7 days

5.4%

Last 30 days

-2.1%

Last 90 days

-1.3%

Trailing 12 Months

-8.3%

O Financial Health

O Investor Care

Shares Dilution (1Y)

11.68%

Diluted EPS (TTM)

1.42

Peers (Alternatives to Realty Income)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.6B
4.2B
-1.44% -22.08%
11.87
12.35
22.43% 122.66%
27.2B
4.7B
-9.28% -32.35%
72.05
5.8
5.96% -77.90%
22.1B
2.7B
-6.38% -34.89%
28.51
8.16
11.91% -41.71%
21.2B
2.6B
-17.23% -37.62%
40.58
8.18
22.46% -8.68%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
26.61% -85.07%
MID-CAP
7.8B
1.1B
-10.62% -21.33%
20.14
7.23
12.95% 47.42%
4.4B
802.0M
-7.55% -9.74%
-348.31
5.49
114.83% 84.36%
2.9B
1.8B
-24.12% -65.61%
-8.31
1.6
13.26% -296.88%
2.2B
859.2M
-14.73% -33.89%
-33.2
2.55
1.38% -563.21%
SMALL-CAP
2.0B
421.4M
-0.74% 11.36%
23.04
4.64
3.35% 1705.32%
1.5B
826.7M
-33.86% -70.35%
-18.88
1.78
-2.04% -117.36%
1.1B
190.3M
-2.00% -1.08%
11.69
5.66
12.08% 1950.56%
961.5M
740.4M
-15.75% -58.73%
-26.41
1.3
1.87% -78.85%

Financials for Realty Income

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue6.5%3,3443,1402,7932,4462,080
  S&GA Expenses5.3%13813112110997.00
EBITDA13.3%3,0532,6952,3441,981-
EBITDA Margin6.4%0.91*0.86*0.84*0.81*-
Earnings Before Taxes32.1%918694605501392
EBT Margin24.1%0.27*0.22*0.22*0.20*-
Interest Expenses7.0%465435393357324
Net Income34.5%869646562463359
Net Income Margin26.4%0.26*0.21*0.20*0.19*-
Free Cahsflow12.2%2,5642,2851,9981,569-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets8.2%49,67345,89244,95244,06243,138
    Cash Equivalents-8.9%171188173152259
  Goodwill0%3,7313,7313,7313,7123,677
Liabilities9.5%20,83019,02818,54918,48318,008
Shareholder's Equity7.4%28,71326,73726,40325,57925,053
Shares Outstanding5.3%660627618602591
Minority Interest2.4%13012776.0077.0077.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations12.2%2,5642,2851,9981,5691,322
  Share Based Compensation-53.0%22.0046.0045.0043.0042.00
Cashflow From Investing-13.9%-8,387-7,363-7,332-6,861-6,437
Cashflow From Financing17.6%5,7384,8795,3465,3284,577
  Dividend Payments5.8%1,8131,7141,5291,3471,169

Risks for O

What is the probability of a big loss on O?

30.8%


Probability that Realty Income stock will be more than 20% underwater in next one year

19.6%


Probability that Realty Income stock will be more than 30% underwater in next one year.

19.2%


Probability that Realty Income stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does O drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Realty Income was unfortunately bought at previous high price.

Drawdowns

Returns for O

Cumulative Returns on O

8.1%


10-Year Cumulative Returns

4.6%


7-Year Cumulative Returns

8.7%


5-Year Cumulative Returns

11.0%


3-Year Cumulative Returns

What are the long-term rolling returns for O?

FIve years rolling returns for Realty Income.

Annualized Returns

Which funds bought or sold O recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
added
177
162,000
242,000
0.16%
2023-03-23
MetLife Investment Management, LLC
reduced
-0.08
848,664
10,389,400
0.08%
2023-03-22
Campion Asset Management
added
9.24
48,830
303,830
0.30%
2023-03-17
American Portfolios Advisors
reduced
-1.53
-190,138
995,317
0.04%
2023-03-15
B. Riley Wealth Advisors, Inc.
added
16.88
145,073
667,073
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
8.11
6,933,140
45,817,100
0.05%
2023-03-10
MATHER GROUP, LLC.
added
6.99
70,429
493,429
0.01%
2023-03-10
Financial Alternatives, Inc
new
-
720,147
720,147
0.72%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-2.05
1,539,000
24,315,000
0.12%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
added
17.29
20,213
91,213
0.05%

1–10 of 44

Latest Funds Activity

Are funds buying O calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own O
No. of Funds

Realty Income News

Seeking Alpha

National Retail Properties: Lock In A 5.2% Quality Yield On The Dip ....

Seeking Alpha,
4 hours ago

InvestorPlace

Seeking Alpha

March Madness: Nothing But Net (Lease).

Seeking Alpha,
41 hours ago

Seeking Alpha

Schedule 13G FIlings of Realty Income

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
cohen & steers, inc.
6.23%
39,059,120
SC 13G/A
Feb 09, 2023
vanguard group inc
16.07%
100,758,107
SC 13G/A
Jan 31, 2023
state street corp
8.01%
50,254,953
SC 13G/A
Jan 27, 2023
blackrock inc.
9.4%
58,673,834
SC 13G/A
Jan 24, 2023
blackrock inc.
9.4%
58,673,834
SC 13G/A
Feb 14, 2022
cohen & steers, inc.
5.42%
30,692,746
SC 13G
Feb 11, 2022
state street corp
7.39%
41,840,187
SC 13G/A
Feb 10, 2022
vanguard group inc
15.79%
89,344,766
SC 13G/A
Feb 07, 2022
blackrock inc.
13.7%
55,379,434
SC 13G/A
Nov 24, 2021
blackrock inc.
10.4%
41,912,450
SC 13G/A

O Fair Value

Realty Income fair value in different scenarios

The table shows the Fair Value estimates for Realty Income for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

37.49

-40.12%

44.15

-29.48%

62.04

-0.91%

78.49

25.36%

103.85

65.87%
Current Inflation

35.01

-44.08%

40.62

-35.12%

55.73

-10.99%

69.39

10.83%

90.54

44.61%
Very High Inflation

31.97

-48.94%

36.38

-41.89%

48.35

-22.78%

58.90

-5.93%

75.37

20.38%

Historical Realty Income Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Realty Income

View All Filings
Date Filed Form Type Document
Mar 01, 2023
4
Insider Trading
Feb 22, 2023
10-K
Annual Report
Feb 21, 2023
8-K
Current Report
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading

Latest Insider Trading transactions for O

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-27
Abraham Neil
sold
-1,738,120
65.3428
-26,600
see remarks
2023-02-13
Abraham Neil
acquired
-
-
29,205
see remarks
2023-02-13
Roy Sumit
sold (taxes)
-1,615,560
67.15
-24,059
president, ceo & director
2023-02-13
Hagan Mark E
acquired
-
-
27,841
evp, chief investment officer
2023-02-13
Roy Sumit
acquired
-
-
115,598
president, ceo & director
2023-02-13
Nugent Sean
acquired
-
-
2,383
see remarks
2023-02-13
Bushore Michelle
acquired
-
-
10,745
see remarks
2023-02-13
Bushore Michelle
sold (taxes)
-85,347
67.15
-1,271
see remarks
2023-02-13
Abraham Neil
sold (taxes)
-390,410
67.15
-5,814
see remarks
2023-02-13
Kelly Christie B.
acquired
-
-
11,669
evp, cfo & treasurer

1–10 of 50

Sumit Roy
370
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 over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

O Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE   
Rental (including reimbursable)$ 3,299,657$ 2,064,958$ 1,639,533
Other44,02415,5057,554
Total revenue3,343,6812,080,4631,647,087
EXPENSES   
Depreciation and amortization1,670,389897,835677,038
Interest465,223323,644309,336
Property (including reimbursable)226,330133,605104,603
General and administrative138,45996,98073,215
Provisions for impairment25,86038,967147,232
Merger and integration-related costs13,897167,4130
Total expenses2,540,1581,658,4441,311,424
Gain on sales of real estate102,95755,79876,232
Foreign currency and derivative (loss) gain, net(13,311)7104,585
Gain (loss) on extinguishment of debt367(97,178)(9,819)
Equity in income and impairment of investment in unconsolidated entities(6,448)1,1060
Other income, net30,5119,9494,538
Income before income taxes917,599392,404411,199
Income taxes(45,183)(31,657)(14,693)
Net income872,416360,747396,506
Net income attributable to noncontrolling interests(3,008)(1,291)(1,020)
Net income available to common stockholders$ 869,408$ 359,456$ 395,486
Amounts available to common stockholders per common share:   
Net income, basic (in dollars per share)$ 1.42$ 0.87$ 1.15
Net income, diluted (in dollars per share)$ 1.42$ 0.87$ 1.14
Weighted average common shares outstanding:   
Basic (in shares)611,765,815414,535,283345,280,126
Diluted (in shares)612,180,519414,769,846345,415,258
Other comprehensive income:   
Net income available to common stockholders$ 869,408$ 359,456$ 395,486
Foreign currency translation adjustment(55,154)9,119(2,606)
Unrealized gain (loss) on derivatives, net97,05450,448(34,926)
Other comprehensive income (loss)41,90059,567(37,532)
Comprehensive income available to common stockholders$ 911,308$ 419,023$ 357,954

O Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real estate held for investment, at cost:  
Land$ 12,948,835$ 10,753,750
Buildings and improvements29,707,75125,155,178
Total real estate held for investment, at cost42,656,58635,908,928
Less accumulated depreciation and amortization(4,904,165)(3,949,798)
Real estate held for investment, net37,752,42131,959,130
Real estate and lease intangibles held for sale, net29,53530,470
Cash and cash equivalents171,102258,579
Accounts receivable, net567,963426,768
Lease intangible assets, net5,168,3665,275,304
Goodwill3,731,4783,676,705
Investment in unconsolidated entities0140,967
Other assets, net2,252,2271,369,579
Total assets49,673,09243,137,502
LIABILITIES AND EQUITY  
Distributions payable165,710146,919
Accounts payable and accrued expenses399,137351,128
Lease intangible liabilities, net1,379,4361,308,221
Other liabilities774,787759,197
Line of credit payable and commercial paper2,729,0401,551,376
Term loan, net249,755249,557
Mortgages payable, net853,9251,141,995
Notes payable, net14,278,01312,499,709
Total liabilities20,829,80318,008,102
Commitments and contingencies
Stockholders’ equity:  
Common stock and paid in capital, par value $0.01 per share, 1,300,000,000 and 740,200,000 shares authorized, 660,300,195 and 591,261,991 shares issued and outstanding as of December 31, 2022, and 2021, respectively34,159,50929,578,212
Distributions in excess of net income(5,493,193)(4,530,571)
Accumulated other comprehensive income46,8334,933
Total stockholders’ equity28,713,14925,052,574
Noncontrolling interests130,14076,826
Total equity28,843,28925,129,400
Total liabilities and equity$ 49,673,092$ 43,137,502