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Earnings transcript
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O
Realty Income Corporation
$56.08
0.53
(0.95%)
| Exchange: | NYSE |
| Market Cap: | 53.064B |
| Shares Outstanding: | 39.512M |
Delayed data
About The Company
| Sector: | Real EstateView sector performance | |||||
| Industry: | REIT – RetailView industry performance | |||||
| CEO: | Sumit Roy | |||||
| Full Time Employees: | 544 | |||||
| Address: |
| |||||
| Website: | https://www.realtyincome.com |
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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Revenue Segmentation
O full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Realty Income Corporation, ticker symbol O, often referred to as “The Monthly Dividend Company.” If you’re looking for a solid dividend stock with a focus on real estate, you’re in the right place. Let’s break down everything you need to know about Realty Income, from its business model to financials, valuation, and whether it’s a buy for your portfolio. Stick around, and don’t forget…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| O | Realty Income Corporation | 53.1B | 39.5 | 36.9 | 2.3% |
 SPG | Simon Property Group, Inc. | 66.5B | 14.1 | 30.9 | 8.7% |
 KIM | Kimco Realty Corporation | 15.4B | 24.9 | 27.3 | 4.0% |
 REG | Regency Centers Corporation | 13.4B | 20.4 | 29.3 | 5.3% |
 FRT | Federal Realty Investment Trust | 9.2B | 21.2 | 25.1 | 5.1% |
 BRX | Brixmor Property Group Inc. | 8.5B | 19.2 | 26.3 | 6.2% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,078,993 | 5,271,142 | 5,749,400 |
| Gross Profit | 3,762,029 | 4,893,467 | 5,162,961.200 |
| EBITDA | 3,603,157 | 4,327,690 | 3,602,800 |
| Operating Income | 1,722,316 | 2,320,928 | 1,627,080.400 |
| Net Income | 872,309 | 860,772 | 1,058,600 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 57,779,357 | 68,835,039 | 72,795,612 |
| Total Liabilities | 24,672,388 | 29,783,353 | 32,671,644 |
| Total Stockholders Equity | 32,941,467 | 38,840,738 | 39,438,695 |
| Total Debt | 21,989,695 | 26,757,140 | 0 |
| Cash and Cash Equivalents | 232,923 | 444,962 | 434,842 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,958,769 | 3,573,276 | 0 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | 2,958,769 | 3,573,276 | 0 |
| Net Income | 876,914 | 867,341 | 1,069,783 |
| Net Change in Cash | 65,294 | 203,331 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,615,316.391 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 6,155,018.058 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 5,908,460.887 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 3,147,264.159 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 3,310,515.865 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 3,235,932.111 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,210,396.001 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 1,364,037.767 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 1,293,844.444 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 225,754.984 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 247,452.843 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 237,540.399 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 1.430 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 1.510 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 1.340 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 2 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Consistent Financial Performance: Realty Income reported a 4.8% growth in Adjusted Funds from Operations (AFFO) per share in Q4 2024, reflecting strong operational efficiency and the ability to generate stable cash flows, as highlighted in the latest earnings call transcript.
- Robust Portfolio Diversification: The company’s earnings call summary indicates a well-diversified property portfolio across multiple sectors and geographies, reducing risk exposure to any single market or tenant, which supports long-term stability.
- Healthy Liquidity Position: Based on balance sheet data, Realty Income maintains significant cash and cash equivalents alongside a favorable current ratio (TTM), ensuring the ability to meet short-term obligations and fund growth initiatives.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates O intrinsic value between $20.57 – $38.62 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about O valuation
Is Realty Income Corporation (O) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Realty Income Corporation (O) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is O a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether O trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is O’s P/E ratio?
You can see O’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for O?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is O a good long-term investment?
Whether O fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
O
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Daily snapshot
0.95
Trading Metrics:
| Open: | 55.85 | Previous Close: | 55.55 | |
| Day Low: | 55.53 | Day High: | 56.31 | |
| Year Low: | 53.15 | Year High: | 67.94 | |
| Price Avg 50: | 58.82 | Price Avg 200: | 61.72 | |
| Volume: | 6.841M | Average Volume: | 6.689M |
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