Full history for every metric is available with a Kvantra account
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,647 | 2,080 | 3,344 | 4,079 | 5,271 | 5,749 | 5,934 | 5,697 |
| Operating profit | $m | 1,627 | 1,732 | ||||||
| Net profit | $m | 395 | 359 | 869 | 872 | 861 | 1,059 | 1,321 | 1,389 |
| EPS reported | $ | 1.17 | 1.37 | ||||||
| Operating cashflow per share | $ | 4.42 | 4.47 | ||||||
| Capex per share | $ | 0.00 | 2.13 | ||||||
| FCF per share | $ | 4.42 | 2.34 | ||||||
| Free cash flow | $m | 3,995 | 2,182 | ||||||
| Net debt | $m | 30,277 | 2,208 | ||||||
| Book value equity | $m | 39,439 | 39,550 | ||||||
| Book value per share | $ | 43.59 | 42.31 | ||||||
| Number of shares | m | 904.79 | 934.66 | ||||||
| DPS (TTM paid) | $ | 3.49 | 3.24 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 48.18 | 40.40 | ||||||
| P/B LTM | x | 1.29 | 1.30 | ||||||
| P/S LTM | x | 8.87 | 8.64 | ||||||
| P/FCF LTM | x | 12.77 | 23.50 | ||||||
| EV/EBITDA LTM | x | 23.49 | 11.97 | ||||||
| EV/Sales LTM | x | 14.51 | 9.01 | ||||||
| Earnings Yield LTM | % | 2.08% | 2.48% | ||||||
| FCF Yield | % | 7.83% | 4.26% | ||||||
| Quality | |||||||||
| ROE | % | 2.68% | 3.36% | ||||||
| ROIC | % | 24.52% | 2.28% | ||||||
| Operating margin | % | 28.30% | 29.19% | ||||||
| Gross margin | % | 89.80% | 68.62% | ||||||
| FCF/Sales | % | 69.48% | 36.77% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +19.39% | +33.01% | ||||||
| Sales Growth YoY | % | +9.07% | +8.65% | ||||||
| Net Income Growth YoY | % | +22.98% | +44.21% | ||||||
| FCF Growth | % | +15.73% | -39.25% | ||||||
| Operating Profit Growth | % | -29.90% | -28.06% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 5.73% | 5.86% | ||||||
| Dividend Growth | % | +21.54% | +1.25% | ||||||
| Payout Ratio | % | 275.92% | 239.07% | ||||||
| FCF/Debt | x | 0.12 | 0.79 | ||||||
| Net Debt/EBITDA | x | 9.00 | 0.49 | ||||||
| EBIT/Net interest | x | 1.42 | 1.46 | ||||||
| Net debt/market cap | % | 59.36% | 4.31% | ||||||
| Net debt/Equity | x | 0.77 | 0.06 | ||||||
| Gross debt/equity | x | 0.83 | 0.07 | ||||||
ETFs that hold Realty Income
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Vanguard Real Estate ETF | VNQ | 7 | 3.34% |
| State Street SPDR S&P Dividend ETF | SDY | 4 | 1.95% |
| Schwab U.S. REIT ETF | SCHH | 7 | 3.88% |
| Dimensional US Real Estate ETF | DFAR | 7 | 4.26% |
| State Street Real Estate Select Sector SPDR ETF | XLRE | 10 | 4.28% |
| iShares Global REIT ETF | REET | 6 | 3.00% |
| iShares Core U.S. REIT ETF | USRT | 7 | 4.04% |
| iShares U.S. Real Estate ETF | IYR | 7 | 4.14% |
| State Street SPDR S&P U.S. Dividend Aristocrats EUR Hedged UCITS ETF (Dist) | SPPD.DE | 4 | 1.94% |
| State Street SPDR S&P US Dividend Aristocrats UCITS ETF USD | USDV.L | 4 | 1.94% |
Funds with Realty Income among their ten largest holdings, largest fund first.
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Known as "The Monthly Dividend Company," Realty Income is an S&P 500 corporation committed to delivering reliable monthly income to its shareholders. Operating as a Real Estate Investment Trust (REIT), its monthly payouts are generated from the consistent cash flow of over 6,500 commercial properties, which are leased to various businesses under long-term contracts. With a remarkable 52-year operational history, the firm (NYSE: O) has announced 608 uninterrupted monthly dividends for its common stock and has increased its dividend payout 109 times since going public in 1994. It also holds a distinguished position within the S&P 500 Dividend Aristocrats index. For additional details, please visit the company's official website at www.realtyincome.com.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| Vanguard Real Estate ETF | VNQ | 7 | 3.34% |
| State Street SPDR S&P Dividend ETF | SDY | 4 | 1.95% |
| Schwab U.S. REIT ETF | SCHH | 7 | 3.88% |
| Dimensional US Real Estate ETF | DFAR | 7 | 4.26% |
| State Street Real Estate Select Sector SPDR ETF | XLRE | 10 | 4.28% |
| iShares Global REIT ETF | REET | 6 | 3.00% |
| iShares Core U.S. REIT ETF | USRT | 7 | 4.04% |
| iShares U.S. Real Estate ETF | IYR | 7 | 4.14% |
| State Street SPDR S&P U.S. Dividend Aristocrats EUR Hedged UCITS ETF (Dist) | SPPD.DE | 4 | 1.94% |
| State Street SPDR S&P US Dividend Aristocrats UCITS ETF USD | USDV.L | 4 | 1.94% |
Funds with Realty Income among their ten largest holdings, largest fund first.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Known as "The Monthly Dividend Company," Realty Income is an S&P 500 corporation committed to delivering reliable monthly income to its shareholders. Operating as a Real Estate Investment Trust (REIT), its monthly payouts are generated from the consistent cash flow of over 6,500 commercial properties, which are leased to various businesses under long-term contracts. With a remarkable 52-year operational history, the firm (NYSE: O) has announced 608 uninterrupted monthly dividends for its common stock and has increased its dividend payout 109 times since going public in 1994. It also holds a distinguished position within the S&P 500 Dividend Aristocrats index. For additional details, please visit the company's official website at www.realtyincome.com.
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