Morningstar Rating
Stock XNYS Rating as of
$53.10 +0.03(0.06%)
View Full ChartAs of Delayed Price Closed
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Company Report
Company Report
Realty Income Provides Low but Steady Growth for Income-Oriented Investors
Kevin Brown
Realty Income is the largest triple-net REIT in the United States, with over 13,400 properties that mainly house retail tenants. The company describes itself as "The Monthly Dividend Company," and its line of business and operating metrics make its dividend one of the most stable sources of income for investors. Even though over 80% of Realty Income’s tenants are in retail, most are focused on defensive segments, with characteristics such as being service-oriented, naturally protected against e-commerce pressures, or resistant to economic downturns. Additionally, the triple-net lease structure places the burden of all operational risk and cost on the tenant and requires the tenant to make capital expenditures to maintain the property rather than the landlord. These leases are often long term, frequently 15 years with additional extension options, which provides Realty Income a steady stream of rental income. Coverage ratios are also very high, so tenants are healthy and unlikely to request rent concessions, even during downturns. The steady, stable stream of revenue has allowed Realty Income to be one of only two REITs to be members of the S&P High-Yield Dividend Aristocrats Index and have a credit rating of A- or better. This makes Realty Income one of the most dependable investments for income-oriented investors.
O is trading at a 714% premium.
Price
$53.10
Fair Value
$32.00
Uncertainty
Low
- 1-Star Price
- $39.00
- 5-Star Price
- $26.20
- Economic Moat
- Txyn
- Capital Allocation
- Rhtqrggqwb
Bulls Say, Bears Say
Bulls Say, Bears Say
Bulls
Realty Income provides a reliable, albeit slow-growing, monthly dividend built on a steadily performing underlying portfolio through various market conditions.
Bears
It will take an increasingly greater volume of attractive risk-adjusted acquisitions to create meaningful shareholder value growth, possibly pushing Realty Income to take more risk as competition expands for its traditionally targeted assets.
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News
News
- 126th Common Stock Monthly Dividend Increase Declared by Realty Income
- Realty Income Raises 2024 Earnings and Investment Guidance
- Realty Income Announces Common Stock Dividend Increase of 2.1% and Declares Preferred Stock Quarterly Dividend
- 646th Consecutive Common Stock Monthly Dividend Declared by Realty Income
- REALTY INCOME ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATE
- Spirit Realty's stock rallies on $9 billion buyout by Realty Income Corp.
- Blackstone sells Bellagio stake to Realty Income Corp. in post-COVID rebound
- Do you need investment income? Here are 20 REIT stocks with dividends expected to be well supported through 2025.
Trading Information
Trading Information
- Previous Close Price
- $53.07
- Day Range
$52.92–53.60
- 52-Week Range
$45.04–64.18
- Bid/Ask
- $53.00/$53.20
- Market Cap
- $46.24 Bil
- Volume/Avg
- 3.6 Mil/5.4 Mil
Key Statistics
Key Statistics
- Price/Earnings (Normalized)
- 38.58
- Price/Sales
- 8.90
- Dividend Yield (Trailing)
- 5.80%
- Dividend Yield (Forward)
- 5.94%
- Total Yield
- 5.80%
Company Profile
Company Profile
Realty Income owns roughly 13,400 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 17% of revenue.
- Sector
- Real Estate
- Industry
- REIT - Retail
- Stock Style Box
- Mid Core
- Total Number of Employees
- 418
- Website
- https://www.realtyincome.com
Competitors
Competitors
- Regency Centers Corp REG
- Federal Realty Investment Trust FRT
- Kimco Realty Corp KIM
Valuation
Valuation
Metric | O | REG | FRT |
---|---|---|---|
Price/Earnings (Normalized) | 38.58 | 30.31 | 37.79 |
Price/Book Value | 1.19 | 1.66 | 3.04 |
Price/Sales | 8.90 | 8.03 | 7.17 |
Price/Cash Flow | 13.40 | 14.46 | 14.79 |
Price/Earnings
O
REG
FRT
Financial Strength
Financial Strength
Metric | O | REG | FRT |
---|---|---|---|
Quick Ratio | 1.49 | 1.24 | 1.01 |
Current Ratio | 1.55 | 1.35 | 1.01 |
Interest Coverage | 1.96 | 3.32 | 2.40 |
Quick Ratio
O
REG
FRT
Profitability
Profitability
Metric | O | REG | FRT |
---|---|---|---|
Return on Assets (Normalized) | 1.94% | 3.36% | 3.13% |
Return on Equity (Normalized) | 3.39% | 6.10% | 9.43% |
Return on Invested Capital (Normalized) | 3.39% | 4.59% | 5.04% |
Return on Assets
O
REG
FRT
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REIT - Retail Industry Comparables
REIT - Retail Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
---|---|---|---|---|---|---|
Simon Property Group Inc SPG | Lvlzxpkljt | Yxryq | $47.9 Bil | |||
Kimco Realty Corp KIM | Wzsfyxbp | Qtgl | $12.7 Bil | |||
Regency Centers Corp REG | Jdbqkpwd | Bdkw | $11.3 Bil | |||
Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP. UNBLF | — | Nld | $10.8 Bil | |||
Scentre Group STGPF | — | Nbzsz | $10.7 Bil | |||
Link Real Estate Investment Trust LKREF | — | Gmjm | $10.7 Bil | |||
CapitaLand Integrated Commercial Trust CPAMF | — | Lsfsbh | $9.7 Bil | |||
Federal Realty Investment Trust FRT | Yrcyrqnrz | Ttjjl | $8.4 Bil | |||
Macerich Co MAC | Yszrvwhg | Jghv | $3.2 Bil |