Professional
Added to YB: 2024-07-23
Pitch date: 2024-07-09
O [bullish]
Realty Income Corporation
+35.01%
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
$48.51
Price Target
75.00 (+15%)
Dividend
4.98%
EV/EBITDA
17.55
P/E
60.73
EV/Sales
15.80
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.
Read full article (11 min)