Professional
Added to YB: 2024-07-23
Pitch date: 2024-07-09
O [bullish]
Realty Income Corporation
+17.31%
current return
Author Info
No bio for this author
Company Info
Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies.
Market Cap
$52.9B
Pitch Price
$48.96
Price Target
75.00 (+31%)
Dividend
5.62%
EV/EBITDA
16.18
P/E
53.67
EV/Sales
14.56
Sector
Retail REITs
Category
dividend
Realty Income Continues to Source Acquisitions at Spreads Above Cost of Capital to Drive Growth
Realty Income (O): Largest US triple-net REIT, 15,400+ properties. Defensive retail focus, long-term leases. Low 1% rent growth, relies on acquisitions. $32B acquisitions since 2019 at ~6% cap rates. Rising rates threaten acquisition spread. 98% occupancy, 51% investment-grade tenants. $75 PT, 5.5% cap rate, 18x FFO, 4.2% yield. Risks: tenant concentration, low barriers to entry.
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