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Realty Income Valuation Multiples
Discover revenue and EBITDA valuation multiples for Realty Income and similar public comparables like Digital Realty Trust, Simon Property Group, Public Storage, Ventas and more.
Realty Income Overview
About Realty Income
Realty Income owns roughly 15,600 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 20% of revenue.
Founded
2005
HQ
Employees
544
Website
Sectors
Financials (LTM)
EV
$92B
Realty Income Financials
Realty Income reported last 12-month revenue of $6B and EBITDA of $5B.
In the same LTM period, Realty Income generated $5B in EBITDA and $1B in net income.
Revenue (LTM)
Realty Income P&L
In the most recent fiscal year, Realty Income reported revenue of $6B and EBITDA of $5B.
Realty Income expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 93% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 95% | XXX | 89% | XXX | XXX | XXX |
| EBIT Margin | 50% | XXX | 47% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 18% | XXX | XXX | XXX |
| Net Debt | — | — | $28B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Realty Income Stock Performance
Realty Income has current market cap of $63B, and enterprise value of $92B.
Market Cap Evolution
Realty Income's stock price is $67.56.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $92B | $63B | 0.0% | XXX | XXX | XXX | $1.14 |
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Start Free TrialRealty Income Valuation Multiples
Realty Income trades at 16.7x EV/Revenue multiple, and 17.6x EV/EBITDA.
EV / Revenue (LTM)
Realty Income Financial Valuation Multiples
As of March 30, 2026, Realty Income has market cap of $63B and EV of $92B.
Equity research analysts estimate Realty Income's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Realty Income has a P/E ratio of 53.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $63B | XXX | $63B | XXX | XXX | XXX |
| EV (current) | $92B | XXX | $92B | XXX | XXX | XXX |
| EV/Revenue | 16.7x | XXX | 16.0x | XXX | XXX | XXX |
| EV/EBITDA | 17.6x | XXX | 18.0x | XXX | XXX | XXX |
| EV/EBIT | 33.6x | XXX | 34.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 17.3x | XXX | XXX | XXX |
| P/E | 53.2x | XXX | 59.5x | XXX | XXX | XXX |
| EV/FCF | 23.2x | XXX | 23.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Realty Income Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Realty Income Margins & Growth Rates
Realty Income's revenue in the last 12 month grew by 5%.
Realty Income's revenue per employee in the last FY averaged $10.6M, while opex per employee averaged $5.0M for the same period.
Realty Income's rule of 40 is 97% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Realty Income's rule of X is 97% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Realty Income Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | (0%) | XXX | XXX | XXX |
| EBITDA Margin | 95% | XXX | 89% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 97% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 97% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $10.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $5.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 47% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Realty Income Public Comps
See public comps and valuation multiples for other Buildings & Property comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Digital Realty Trust | XXX | XXX | XXX | XXX | XXX | XXX |
| Simon Property Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Public Storage | XXX | XXX | XXX | XXX | XXX | XXX |
| Ventas | XXX | XXX | XXX | XXX | XXX | XXX |
| Crown Castle | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Realty Income M&A Activity
Realty Income acquired XXX companies to date.
Last acquisition by Realty Income was on XXXXXXXX, XXXXX. Realty Income acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Realty Income
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialRealty Income Investment Activity
Realty Income invested in XXX companies to date.
Realty Income made its latest investment on XXXXXXXX, XXXXX. Realty Income invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Realty Income
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Realty Income
| When was Realty Income founded? | Realty Income was founded in 2005. |
| Where is Realty Income headquartered? | Realty Income is headquartered in United States. |
| How many employees does Realty Income have? | As of today, Realty Income has over 544 employees. |
| Who is the CEO of Realty Income? | Realty Income's CEO is Sumit Roy. |
| Is Realty Income publicly listed? | Yes, Realty Income is a public company listed on NYSE. |
| What is the stock symbol of Realty Income? | Realty Income trades under O ticker. |
| When did Realty Income go public? | Realty Income went public in 1994. |
| Who are competitors of Realty Income? | Realty Income main competitors are Digital Realty Trust, Simon Property Group, Public Storage, Ventas. |
| What is the current market cap of Realty Income? | Realty Income's current market cap is $63B. |
| What is the current revenue of Realty Income? | Realty Income's last 12 months revenue is $6B. |
| What is the current revenue growth of Realty Income? | Realty Income revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Realty Income? | Current revenue multiple of Realty Income is 16.7x. |
| Is Realty Income profitable? | Yes, Realty Income is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Realty Income? | Realty Income's last 12 months EBITDA is $5B. |
| What is Realty Income's EBITDA margin? | Realty Income's last 12 months EBITDA margin is 95%. |
| What is the current EV/EBITDA multiple of Realty Income? | Current EBITDA multiple of Realty Income is 17.6x. |
| What is the current FCF of Realty Income? | Realty Income's last 12 months FCF is $4B. |
| What is Realty Income's FCF margin? | Realty Income's last 12 months FCF margin is 72%. |
| What is the current EV/FCF multiple of Realty Income? | Current FCF multiple of Realty Income is 23.2x. |
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