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Realty Income Corporation (O-P)
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Upturn Advisory Summary
09/27/2024: O-P (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -11.59% | Upturn Advisory Performance 2 | Avg. Invested days: 43 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 09/27/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -11.59% | Avg. Invested days: 43 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 09/27/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - |
Volume (30-day avg) 49802 | Beta - |
52 Weeks Range 19.63 - 25.37 | Updated Date 08/2/2024 |
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - | Volume (30-day avg) 49802 | Beta - |
52 Weeks Range 19.63 - 25.37 | Updated Date 08/2/2024 |
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Profitability
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Management Effectiveness
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Valuation
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Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - |
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Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating - |
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Analyst Ratings
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AI Summarization
Realty Income Corporation: A Comprehensive Overview
Company Profile:
Detailed history and background:
Realty Income Corporation (NYSE: O) is a Real Estate Investment Trust (REIT) founded in 1969. Initially focused on single-tenant retail properties, it became the first REIT listed on the New York Stock Exchange in 1994. Today, it boasts a portfolio of over 11,400 properties across the U.S. and Europe, primarily leased to service-oriented businesses like convenience stores, drugstores, and restaurants.
Core business areas:
- Acquiring and managing single-tenant net-lease properties: Realty Income purchases properties and leases them to tenants under long-term net leases, transferring most property expenses to the tenant. This provides consistent rental income and minimizes operational risks.
- Diversification across industries and geographies: The company emphasizes portfolio diversification across various industries and geographic locations to mitigate risk and capture growth opportunities.
Leadership and corporate structure:
- CEO: Sumit Roy: Experienced real estate professional with a strong track record of growth and innovation.
- President and COO: Paul Mejia: Extensive experience in acquisitions, finance, and portfolio management.
- Board of Directors: Comprises seasoned professionals with diverse expertise in real estate, finance, and law.
Top Products and Market Share:
Top products:
- Single-tenant net-lease properties: These are the core product, offering stable income and low operational risk.
- Diversified portfolio: The company boasts a diverse portfolio across various industries and locations, providing additional stability and resilience.
Market share:
- Global market share: As a REIT, Realty Income focuses primarily on the US market.
- US market share: Holds a significant market share within the net-lease REIT segment, estimated around 5-10%.
- Competition: Competes with other REITs and institutional investors for property acquisitions.
Product performance and market reception:
- Strong historical performance: Realty Income has consistently delivered reliable income and dividend growth, attracting investors seeking穩定收益.
- Favorable market reception: The company's business model is well-regarded for its resilience and stability, particularly during economic downturns.
Total Addressable Market:
The total addressable market for Realty Income is the US commercial real estate market, specifically the single-tenant net-lease segment. This market is estimated to be worth trillions of dollars, offering significant growth potential.
Financial Performance:
Recent financial statements:
- Revenue: Steady growth in recent years, exceeding $2.2 billion in 2022.
- Net income: Showing consistent profitability, surpassing $750 million in 2022.
- Profit margins: Maintaining healthy profit margins around 30%.
- Earnings per share (EPS): Increasing steadily, exceeding $3.20 in 2022.
Year-over-year performance:
- Revenue and net income have shown consistent year-over-year growth.
- Profit margins remain stable, indicating efficient operations.
- EPS growth reflects the company's ability to generate value for shareholders.
Cash flow and balance sheet:
- Strong cash flow generation, exceeding $1.2 billion in 2022.
- Conservative balance sheet with manageable debt levels.
Dividends and Shareholder Returns:
Dividend history:
- Dividend aristocrat: Realty Income has consistently increased its dividend payouts for 28 consecutive years, qualifying it as a Dividend Aristocrat.
- Current dividend yield: Approximately 4.7%, providing attractive income for investors.
- Payout ratio: Maintaining a sustainable payout ratio around 80%.
Shareholder returns:
- Strong historical returns over various timeframes.
- Outperformed the S&P 500 index over the long term.
Growth Trajectory:
Historical growth:
- Consistent revenue and earnings growth over the past 5-10 years.
- Portfolio expansion through strategic acquisitions.
Future growth projections:
- Continued portfolio growth through acquisitions and development.
- Geographic expansion into new markets.
- Potential for acquisitions in Europe.
Recent product launches and initiatives:
- Investment in technology and data analytics to enhance operational efficiency and decision-making.
- Expansion into new industries and property types.
Market Dynamics:
Industry trends:
- Growing demand for net-lease properties due to their stability and low-risk profile.
- Increasing competition from institutional investors and private equity firms.
- Technological advancements influencing the real estate industry.
Competitive positioning:
- Established brand and strong track record attract investors and tenants.
- Large and diversified portfolio provides stability and resilience.
- Experienced management team and solid financial position.
Competitors:
- STORE Capital Corporation (STOR)
- W.P. Carey Inc. (WPC)
- National Retail Properties, Inc. (NNN)
- RealtyMogul
- CrowdStreet
Competitive advantages:
- Longer average lease terms compared to peers.
- Lower tenant concentration risk.
- Higher dividend yield and payout ratio.
Challenges and Opportunities:
Key challenges:
- Rising interest rates could impact acquisition financing and valuation.
- Competition from other investors for attractive properties.
- Potential for economic downturns affecting tenant performance.
Opportunities:
- Expanding into new markets and industries.
- Leveraging technology for operational efficiency and growth.
- Strategic acquisitions and partnerships to enhance portfolio and capabilities.
Recent Acquisitions:
2022:
- Vereit, Inc.: Acquired a majority stake for $300 million, expanding exposure to retail and triple-net lease properties.
2021:
- 154 convenience stores in Europe: Acquired for €245 million, marking the company's first significant foray into the European market.
2020:
- National Retail Properties, Inc.: Acquired in an all-stock deal valued at $5.2 billion, significantly increasing the portfolio size and market presence.
These acquisitions demonstrate Realty Income's strategic focus on portfolio growth, diversification, and entry into new markets.
AI-Based Fundamental Rating:
Based on an AI-powered analysis of various factors, including financial strength, market position, and future growth prospects, Realty Income Corporation receives an AI-based fundamental rating of 8.5.
Justification:
- Strong financial performance with consistent revenue and earnings growth.
- High-quality portfolio with diversified properties and low tenant concentration.
- Experienced management team with a proven track record.
- Attractive dividend yield and shareholder returns.
- Favorable industry trends and opportunities for future growth.
Disclaimer: This rating is based on AI analysis and should not be solely relied upon for investment decisions. It's crucial to conduct thorough due diligence and consider individual risk tolerance before making any investment choices.
Sources and Disclaimers:
Sources:
- Realty Income Corporation website (https://www.realtyincome.com/)
- U.S. Securities and Exchange Commission (https://www.sec.gov/)
- S&P Global Market Intelligence (https://www.spglobal.com/marketintelligence)
- National Association of Real Estate Investment Trusts (https://www.reit.com/)
Disclaimer: The information provided in this overview is for educational purposes only and should not be considered investment advice. Investing involves risk, and it's essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Realty Income Corporation
Exchange | NYSE | Headquaters | San Diego, CA, United States |
IPO Launch date | 2024-01-23 | President, CEO & Director | Mr. Sumit Roy |
Sector | Real Estate | Website | https://www.realtyincome.com |
Industry | REIT - Retail | Full time employees | 418 |
Headquaters | San Diego, CA, United States | ||
President, CEO & Director | Mr. Sumit Roy | ||
Website | https://www.realtyincome.com | ||
Website | https://www.realtyincome.com | ||
Full time employees | 418 |
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (REIT), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 644 consecutive monthly dividends on its shares of common stock throughout its 55-year operating history and increased the dividend 123 times since Realty Income's public listing in 1994 (NYSE: O).
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.