Realty Income Corp.
O
Market Cap$55.22B
Close$
Earnings Call Q2 2025
August 7, 2025 - AI Summary
Strong Investment Activity and Sourcing Volume: Realty Income invested $1.2 billion in the second quarter, achieving a 7.2% weighted average initial cash yield, which reflects a selective approach to acquisitions amidst a sourcing volume of $43 billion. This volume marks the highest quarterly figure in the company's history and is on track to surpass the previous annual high of $95 billion from 2022. The selectivity rate was under 3%, indicating discipline in investment and a focus on risk-adjusted returns.
Increased 2025 Guidance: The company raised its investment volume guidance for 2025 to approximately $5 billion, reflecting confidence in its acquisition pipeline. Additionally, Realty Income raised the low end of its AFFO (Adjusted Funds From Operations) per share guidance to a range of $4.24 to $4.28, showing an optimistic outlook on tenant performance and overall portfolio stability.
European Market Expansion: Realty Income continues to focus heavily on Europe, where 76% of its investment volume for the quarter originated. By investing $889 million in European assets, including a notable expansion into Poland, the company is capitalizing on favorable conditions like lower debt costs and a fragmented market. This strategy positions the company to tap into the growing demand for durable income solutions driven by a diverse geographic presence.
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$53.76
11% downside
Current Fair Value
11% downsideOvervalued by 11% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $55.22 Billion |
|---|---|
| Enterprise Value | $82.83 Billion |
| Dividend Yield | $3.21 (5.31%) |
| Earnings per Share | $0.99 |
| Beta | 0.79 |
| Outstanding Shares | 902,966,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 59.55 |
|---|---|
| PEG | -247.26 |
| Price to Sales | 10.07 |
| Price to Book Ratio | 1.4 |
| Enterprise Value to Revenue | 15.21 |
| Enterprise Value to EBIT | 159.2 |
| Enterprise Value to Net Income | 90 |
| Total Debt to Enterprise | 0.34 |
| Debt to Equity | 0.73 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Realty Income Corp.
194 employees
CEO: Sumit Roy Realty Income, The Monthly Dividend Company?, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from ov...