Realty Income Corp

Chart & Performance

D1W1MN

Profile

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.

URL

https://www.realtyincome.com/

IPO date

Oct 18, 1994

Employees

391

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	4,078,993 21.99%	3,343,681 60.72%	2,080,463 25.96%
Cost of revenue	461,500	364,789	230,585
Unusual Expense (Income)
NOPBT	3,617,493	2,978,892	1,849,878
NOPBT Margin	88.69%	89.09%	88.92%
Operating Taxes	52,021	45,183	31,657
Tax Rate	1.44%	1.52%	1.71%
NOPAT	3,565,472	2,933,709	1,818,221
Net income	872,309 0.33%	869,408 141.87%	359,456 -9.11%
Dividends	(2,111,793)	(1,813,431)	(1,169,026)
Dividend yield	5.31%	4.67%	3.94%
Proceeds from repurchase of equity	5,439,462	4,556,028	11,378,828
BB yield	-13.67%	-11.73%	-38.32%
Debt
Debt current	764,390	2,729,040	1,551,376
Long-term debt	21,694,863	18,140,565	15,199,482
Deferred revenue		269,645	242,122
Other long-term liabilities	1,556,370	774,787	2,067,418
Net debt	21,048,156	20,692,552	16,351,312
Cash flow
Cash from operating activities	2,958,769	2,563,856	1,322,189
CAPEX		(95,514)	(19,080)
Cash from investing activities	(9,354,854)	(8,387,076)	(6,437,695)
Cash from financing activities	6,437,356	5,738,243	4,577,120
FCF	1,625,128	3,548,181	9,756,729
Balance
Cash	232,923	171,102	258,579
Long term investments	1,178,174	5,951	140,967
Excess cash	1,207,147	9,869	295,523
Stockholders' equity	33,106,969	34,289,649	29,655,038
Invested Capital	54,972,882	49,276,448	42,519,432
ROIC	6.84%	6.39%	5.12%
ROCE	6.44%	6.08%	4.35%
EV
Common stock shares outstanding	693,024	612,181	414,770
Price	57.42 -9.48%	63.43 -11.40%	71.59 15.15%
Market cap	39,793,438 2.48%	38,830,610 30.77%	29,693,373 38.27%
EV	61,007,096	65,099,662	50,647,149
EBITDA	5,512,670	4,649,281	2,747,713
EV/EBITDA	11.07	14.00	18.43
Interest	779,045	445,448	323,644
Interest/NOPBT	21.54%	14.95%	17.50%