O

NYSE

REALTY INCOME CORP

Real Estate, Retail REITs

$62.51

close 7 Aug 2026

+8.92%

52-week change

$59.15B

market cap

$55.86

$67.94

52-week range

Expected price

$67.70 – $82.74

Current price

$62.51

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)45.63x

P/S (TTM)9.77x

P/B1.50x

EV/EBITDA (TTM)11.71x

FCF yield (TTM)6.76%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average55.04x

P/E, sector median34.68x*

Price at 5-year median P/E$74.49*

Indicated dividend yield5.20%

Forward — analyst consensus

Forward P/E (FY2026)40.91x*

Forward P/E (FY2027)36.62x

Forward PEG3.49*

Consensus EPS FY2026 (5 analysts)$1.53

EPS growth (FY2026→FY2027)11.72%

Revenue growth (FY2026)8.87%

Street view

Price target (mean)$68.06*

Target upside8.88%

Ratings (buy / hold / sell)8 / 15 / 1

FY2026 EPS revisions, 30d (up / down)0 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +28.40%10Y CAGR +18.94%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$62.51

Cash & equivalents$552.65M

Total debt$1.44B

Shares outstanding946.20M

Result

DCF price per share$441.93

Current price$62.51

Margin of safety+606.98%

PV of years 1–10$97.47B

PV of terminal value$321.58B

Equity value$418.16B

Market-implied growth-0.28%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$5.00B	$6.25B	$7.81B	$9.77B	$12.21B	$15.26B	$19.07B	$23.84B	$29.80B	$37.25B	$694.26B
PV	$4.63B	$5.36B	$6.20B	$7.18B	$8.31B	$9.62B	$11.13B	$12.88B	$14.91B	$17.26B	$321.58B

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026