Professional
Added to YB: 2024-07-03
Pitch date: 2024-06-24
O [bullish]
Realty Income Corporation
+34.07%
current return
Author Info
No bio for this author
Company Info
Realty Income Corporation an S&P 500 company is real estate partner to the world's leading companies.
Market Cap
$59.9B
Pitch Price
$48.86
Price Target
76.00 (+16%)
Dividend
4.98%
EV/EBITDA
17.55
P/E
60.73
EV/Sales
15.80
Sector
Retail REITs
Category
dividend
Realty Income Corporation: Most REITs in the US Are Trading at Significant Discounts to Fair Value
O: Largest US triple-net REIT, 13,400+ properties, 83% retail. Defensive tenants, long-term leases, 98% occupancy. Low 1% rent escalators limit internal growth. $37B acquisitions in 10yrs at ~6% cap rates. Rising rates squeeze spread. $76 PT, 5.4% cap rate, 16x FFO, 4.2% dividend yield. Risks: tenant concentration, low barriers to entry, acquisition dependence. Exemplary capital allocation.
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