Realty Income Corporation Financial Ratios — O Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	7.75	6.36	6.19	4.67	4.52	4.61	4.58	4.7	4.88	3.8	1.99	3.24	2.84	2.38	2.71
Return on Assets (%)	3.95	3.23	3.2	2.59	2.48	2.52	2.34	2.48	2.58	2.01	1.13	1.87	1.62	1.36	1.49
Return on Capital (%)	6.65	5.7	5.59	4.66	4.54	4.36	4.21	4.38	4.36	3.58	2.13	2.92	3.13	2.95	3.07
Return on Invested Capital (%)	6.78	6.35	5.36	4.74	4.85	4.53	4.49	4.52	4.48	4.04	2.86	2.81	3.16	3.55	3.54
Gross Margin (%)	96.25	95.6	95.02	94.23	94.59	94.3	94.29	95	94.05	93.65	93.58	93.23	92.23	92.84	92.54
EBITDA Margin (%)	88.75	87.74	87.73	88.76	89.77	89.59	89.48	88.67	89.58	89.2	88.92	89.09	88.69	89.48	89.02
Operating Margin (%)	60.48	57.29	48.41	48.62	49.78	48.8	48.45	48.02	49.67	48.1	45.76	39.13	42.22	44.03	45.11
Incremental Operating Margin (%)	49.06	39.09	33.85	49.69	61.85	36.27	44.99	43.3	63.34	33.41	36.88	28.22	56.28	50.21	57.06
Pretax Margin (%)	34.22	29.5	23.45	29.2	28.15	28.98	26.76	27.86	29.81	24.97	18.86	27.44	22.77	17.72	20.09
Profit Margin (%)	38.08	32.84	31.47	28.99	27.73	28.61	26.22	27.38	29.33	24.01	17.28	26	21.39	16.33	18.41
Net Income to Common Margin (%)	32.2	24.4	26.1	25.02	25.08	26.15	25.9	27.38	29.33	24.01	17.28	26	21.39	16.18	18.41
Effective Tax Rate (%)	1.04	0.74	1.28	1.27	1.1	1.02	1.86	1.44	1.39	3.57	8.07	4.92	5.6	7.13	7.39
Dvd Payout Ratio (%)	190.08	232.6	293.56	205.88	205.99	210.3	218.9	208.32	194.34	242.54	322.9	207.15	239.56	310.77	270.21
Sustainable Growth Rate (%)	-6.98	-8.43	-11.98	-4.95	-4.79	-5.09	-5.45	-5.09	-4.6	-5.41	-4.44	-3.47	-3.96	-5.02	-4.61

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	2,090	2,870	4,167	4,935	4,826	5,845	6,117	6,506	8,030	8,938	15,948	18,600	21,990	26,757	29,346
ST Debt	237	158	128	223	238	1,120	110	252	704	- -	1,551	2,729	764	1,130	2,023
LT Debt	1,853	2,712	4,039	4,712	4,588	4,725	6,007	6,254	7,325	8,938	14,397	15,871	21,225	25,627	27,322
Total Debt/EBITDA	5.71	6.75	6.09	5.96	5.25	5.91	5.62	5.53	6.02	6.08	8.62	6.24	6.08	5.67	5.73
Net Debt/EBITDA	5.7	6.74	6.07	5.95	5.2	5.9	5.61	5.51	5.89	5.44	8.21	6.02	5.88	5.47	5.54
Total Debt/EBIT	8.38	10.34	11.03	10.87	9.47	10.86	10.38	10.2	10.86	11.28	16.75	14.21	12.77	11.53	11.31
Net Debt/EBIT	8.36	10.32	11	10.86	9.38	10.83	10.36	10.18	10.62	10.09	15.95	13.71	12.36	11.11	10.93
EBITDA to Interest Expense	3.55	3.66	3.96	4.09	4.21	4.67	4.6	4.58	4.81	5	5.8	6.69	4.64	4.73	4.63
EBITDA-CapEx/Interest Expense	3.55	3.66	3.96	4.09	4.21	4.67	4.6	4.58	4.81	5	5.8	6.69	4.64	4.73	4.63
EBIT to Interest Expense	2.42	2.39	2.18	2.24	2.33	2.55	2.49	2.48	2.66	2.7	2.98	2.94	2.21	2.33	2.34
Interest Expense	103	116	173	203	218	211	237	257	277	294	319	445	779	998	1,106
Common Equity/Total Assets	43.38	33.22	48.12	47.38	51.8	48.44	52.44	53.06	52.77	53.23	58.06	57.71	56.88	56.37	54.03
Long-Term Debt/Equity (%)	82.18	112.39	74.5	83.54	70.01	69.61	81.27	77.01	74.72	81.13	57.29	55.03	64.11	65.62	68.1
Long-Term Debt/Capital (%)	42.64	51.34	42.12	44.56	40.32	37.4	44.47	42.73	41.04	44.67	35.05	33.49	38.58	38.96	39.39
Long-Term Debt/Total Assets (%)	41.93	49.95	40.7	42.79	38.73	35.92	42.73	40.98	39.48	43.1	33.37	31.95	36.74	37.23	37.53
Total Debt/Equity (%)	92.71	118.94	76.86	87.49	73.64	86.11	82.76	80.11	81.9	81.13	63.46	64.49	66.42	68.52	73.14
Total Debt/Capital (%)	48.11	54.33	43.46	46.66	42.41	46.27	45.28	44.45	44.98	44.67	38.83	39.24	39.96	40.68	42.31
Total Debt/Total Assets (%)	47.3	52.86	41.99	44.82	40.74	44.44	43.51	42.63	43.28	43.1	36.97	37.45	38.06	38.87	40.31
Net Debt to Equity	92.52	118.73	76.67	87.34	72.95	85.9	82.6	79.91	80.04	72.55	60.42	62.2	64.3	66.02	70.68
Net Debt/Capital (%)	48.06	54.28	43.4	46.6	42.16	46.19	45.22	44.38	44.09	41.66	37.2	37.99	38.85	39.47	41.14
EBITDA	366	425	684	829	919	988	1,088	1,177	1,333	1,469	1,850	2,979	3,617	4,717	5,118
EBITDA-CapEx	366	425	684	829	919	988	1,088	1,177	1,333	1,469	1,850	2,979	3,617	4,717	5,118
Operating Income (Loss)	249	278	378	454	509	538	589	638	739	792	952	1,309	1,722	2,321	2,594

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.01	0.02	0.03	0.01	0.09	0.01	0.02	0.02	0.05	2.15	0.12	0.05	0.12	0.19	0.12
Current Ratio	0.21	0.44	0.5	0.36	0.38	0.12	0.42	0.33	0.43	3.37	0.52	0.51	1.53	1.68	1.42
Quick Ratio	0.17	0.33	0.39	0.2	0.31	0.09	0.35	0.28	0.31	3.23	0.46	0.48	1.49	1.59	1.35
CFO/Avg Current Liab	1.63	1.14	1.8	1.72	1.59	0.88	1	1.99	1.32	1.55	1.02	0.9	1.1	1.67	1.33
Common Equity/Total Assets	43.38	33.22	48.12	47.38	51.8	48.44	52.44	53.06	52.77	53.23	58.06	57.71	56.88	56.37	54.03
Long-Term Debt/Equity (%)	82.18	112.39	74.5	83.54	70.01	69.61	81.27	77.01	74.72	81.13	57.29	55.03	64.11	65.62	68.1
Long-Term Debt/Capital (%)	42.64	51.34	42.12	44.56	40.32	37.4	44.47	42.73	41.04	44.67	35.05	33.49	38.58	38.96	39.39
Long-Term Debt/Total Assets (%)	41.93	49.95	40.7	42.79	38.73	35.92	42.73	40.98	39.48	43.1	33.37	31.95	36.74	37.23	37.53
Total Debt/Equity (%)	92.71	118.94	76.86	87.49	73.64	86.11	82.76	80.11	81.9	81.13	63.46	64.49	66.42	68.52	73.14
Total Debt/Capital (%)	48.11	54.33	43.46	46.66	42.41	46.27	45.28	44.45	44.98	44.67	38.83	39.24	39.96	40.68	42.31
Total Debt/Total Assets (%)	47.3	52.86	41.99	44.82	40.74	44.44	43.51	42.63	43.28	43.1	36.97	37.45	38.06	38.87	40.31
CFO/Total Liabilities	13.81	10.82	11.52	11.69	13.11	12.56	13.14	13.18	12.22	11.47	7.34	12.31	11.99	12	12.23
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.19	1.06	0.97	1.16	1.36	1.24	1.34	1.43	1.48	1.29	1.34	1.07	1	0.79	0.96

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	30.92	26.17	25.59	18	14.01	11.85	10.85	10.04	9.1	7.04	5.84	6.89	6.51	6.64	5.95
Days Sales Outstanding	11.81	13.95	14.26	20.28	26.05	30.81	33.64	36.36	40.1	51.82	62.5	52.94	56.1	54.99	61.3
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.33	10.39	24.01	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23.82	35.12	15.2	- -
Accounts Payable Turnover	0.95	2.27	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	384.76	161.11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	-372.96	-147.16	14.26	20.28	26.05	30.81	33.64	36.36	40.1	51.82	62.5	76.76	91.22	70.19	61.3
Inventory to Cash Days	11.81	13.95	14.26	20.28	26.05	30.81	33.64	36.36	40.1	51.82	62.5	29.13	20.97	39.78	61.3
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30	31	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30	31	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	4,270	5,172	6,932	10,109	11,775	14,210	15,136	17,618	22,519	20,703	42,328	38,804	39,752	36,976	51,137
- Cash & Cash Equivalents	4	5	10	4	40	9	7	10	54	824	259	171	233	445	435
+ Preferred Equity and Hybrid Capital	338	609	609	395	395	395	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	36	28	22	20	19	32	30	32	77	130	166	211	685
+ Total Debt	2,090	2,870	4,167	4,935	4,826	5,845	6,117	6,506	8,030	8,938	15,948	18,600	21,990	26,757	29,346
Enterprise Value	6,694	8,646	11,734	15,463	16,977	20,461	21,265	24,145	30,525	28,849	58,095	57,364	61,674	63,499	80,733
Total Capital	4,345	5,283	9,588	10,576	11,379	12,632	13,508	14,635	17,851	20,011	41,073	47,397	55,023	65,771	69,365
Total Debt/Capital (%)	48.11	54.33	43.46	46.66	42.41	46.27	45.28	44.45	44.98	44.67	38.83	39.24	39.96	40.68	42.31
Total Debt / EV	0.31	0.33	0.36	0.32	0.28	0.29	0.29	0.27	0.26	0.31	0.27	0.32	0.36	0.42	0.36
EV/Sales	16.23	17.84	15.04	16.56	16.59	18.55	17.49	18.18	20.51	17.52	27.92	17.16	15.12	12.05	14.04
EV/EBITDA	18.29	20.34	17.14	18.66	18.48	20.7	19.55	20.51	22.9	19.63	31.4	19.26	17.05	13.46	15.77
EV/EBIT	26.84	31.14	31.07	34.07	33.33	38	36.1	37.87	41.3	36.41	61.02	43.84	35.81	27.36	31.13
EV/Cash Flow to Firm	16.7	19.57	17.01	18.68	18.66	20.28	19.19	20.22	22.74	20.62	35.96	19.2	16.69	14.11	16.08
EV/Free Cash Flow to Firm	16.7	19.57	17.01	18.68	18.66	20.28	19.19	20.22	22.74	20.62	35.96	19.2	16.69	14.11	16.08
Diluted Market Cap	4,272	5,175	6,933	10,109	11,795	14,210	15,136	17,618	22,574	20,884	42,328	38,913	39,897	46,245	51,354
Diluted Enterprise Value	6,696	8,649	11,735	15,463	16,997	20,461	21,265	24,145	30,579	29,030	58,095	57,472	61,819	72,768	80,950
EV per Share	53.07	65.1	61.19	70.67	72.09	80.14	77.58	83.67	96.65	83.89	98.26	93.77	89.09	91.72	88.99
TTM Sales	412	485	780	934	1,023	1,103	1,216	1,328	1,488	1,647	2,080	3,344	4,079	5,271	5,749
TTM EBITDA	366	425	684	829	919	988	1,088	1,177	1,333	1,469	1,850	2,979	3,617	4,717	5,118
TTM Operating Income	249	278	378	454	509	538	589	638	739	792	952	1,309	1,722	2,321	2,594
TTM Cash Flow to Firm	401	442	690	828	910	1,009	1,108	1,194	1,342	1,399	1,616	2,987	3,694	4,500	5,019
TTM Free Cash Flow to Firm	401	442	690	828	910	1,009	1,108	1,194	1,342	1,399	1,616	2,987	3,694	4,500	5,019

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	14.29	15.85	13.36	16.1	17.01	17.77	17.28	18.73	21.12	18.72	32.01	15.18	13.48	12.94	12.86
EV/EBIT	26.84	31.14	31.07	34.07	33.33	38	36.1	37.87	41.3	36.41	61.02	43.84	35.81	27.36	31.13
Enterprise Value	6,694	8,646	11,734	15,463	16,977	20,461	21,265	24,145	30,525	28,849	58,095	57,364	61,674	63,499	80,733
Low Price	27.05	33.22	35.42	35.83	41.79	48.87	51.18	45.76	59.64	36.8	55.2	55.5	45.04	50.65	50.71
EV/Sales	16.23	17.84	15.04	16.56	16.59	18.55	17.49	18.18	20.51	17.52	27.92	17.16	15.12	12.05	14.04
EV/EBITDA	18.29	20.34	17.14	18.66	18.48	20.7	19.55	20.51	22.9	19.63	31.4	19.26	17.05	13.46	15.77
Price/Earnings	32.16	43.74	34.04	43.28	45.87	49.26	48.07	48.45	51.59	52.35	117.76	44.63	45.57	43.35	48.31
Price/Earnings Average	31.24	42.88	39.48	39.45	43.23	52.79	48.5	42.71	50.5	52.34	107.47	47.09	46.76	45.74	48.88
Price/Earnings High	33.44	48.1	50.6	45.07	49.34	61.96	53.61	51.42	57.58	71.5	118.83	53.06	54.64	52.66	52.35
Price/Earnings Low	25.7	37.32	33.35	33.56	38.34	43.25	44.55	36.32	43.16	32	90.8	39.05	35.75	41.11	43.46
Price/Book Value	2.23	2.87	1.45	1.94	1.92	2.23	2.05	2.18	2.3	1.88	1.69	1.35	1.21	0.95	1.3
Price/Book Value Average	2.16	2.81	1.68	1.77	1.81	2.39	2.07	1.92	2.25	1.88	1.54	1.43	1.24	1.01	1.32
Price/Book Value High	2.32	3.15	2.16	2.02	2.06	2.81	2.29	2.31	2.57	2.56	1.71	1.61	1.45	1.16	1.41
Price/Book Value Low	1.78	2.45	1.42	1.5	1.6	1.96	1.9	1.63	1.92	1.15	1.3	1.18	0.95	0.9	1.17
Price/Tangible Book Value	2.44	3.35	1.8	2.41	2.31	2.68	2.45	2.55	2.71	2.23	2.62	1.95	1.63	1.33	1.73
Price/Tangible Book Value Average	2.37	3.28	2.08	2.2	2.17	2.88	2.47	2.25	2.66	2.23	2.39	2.05	1.67	1.4	1.76
Price/Tangible Book Value High	2.54	3.68	2.67	2.51	2.48	3.38	2.73	2.71	3.03	3.04	2.64	2.31	1.96	1.62	1.88
Price/Tangible Book Value Low	1.95	2.86	1.76	1.87	1.93	2.36	2.27	1.91	2.27	1.36	2.02	1.7	1.28	1.26	1.56
Price/Sales	10.35	10.67	8.88	10.83	11.51	12.88	12.45	13.27	15.13	12.57	20.35	11.61	9.75	7.01	8.89
Price/Sales Average	10.06	10.46	10.3	9.87	10.84	13.8	12.56	11.69	14.81	12.57	18.57	12.25	10	7.4	9
Price/Sales High	10.77	11.74	13.21	11.28	12.38	16.2	13.89	14.08	16.89	17.17	20.53	13.8	11.69	8.52	9.64
Price/Sales Low	8.27	9.11	8.71	8.4	9.62	11.31	11.54	9.95	12.66	7.68	15.69	10.15	7.64	6.65	8
Price/Cash Flow	14.28	15.84	13.36	16.1	16.98	17.77	17.28	18.73	21.07	18.56	32.01	15.14	13.44	10.35	12.8
Price/Cash Flow Average	13.87	15.53	15.49	14.68	16	19.04	17.44	16.51	20.62	18.56	29.22	15.97	13.79	10.92	12.95
Price/Cash Flow High	14.85	17.42	19.86	16.77	18.26	22.35	19.28	19.88	23.51	25.35	32.3	17.99	16.11	12.57	13.87
Price/Cash Flow Low	11.41	13.51	13.09	12.49	14.19	15.6	16.02	14.04	17.62	11.34	24.68	13.24	10.54	9.81	11.52
Price/Free Cash Flow Average	13.88	15.54	15.49	14.68	16.03	19.04	17.44	16.51	20.67	18.72	29.22	16.01	13.84	13.66	13.01
Price/Free Cash Flow High	14.86	17.43	19.86	16.77	18.29	22.35	19.28	19.88	23.57	25.57	32.3	18.04	16.17	15.72	13.93
Price/Free Cash Flow Low	11.42	13.52	13.09	12.49	14.21	15.6	16.02	14.04	17.66	11.44	24.68	13.28	10.58	12.27	11.56
EV/Sales Average	15.94	17.63	16.46	15.61	15.93	19.47	17.6	16.61	20.19	17.51	26.15	17.8	15.38	12.43	14.15
EV/Sales High	16.65	18.91	19.36	17.01	17.46	21.87	18.93	19	22.27	22.11	28.11	19.35	17.06	13.55	14.79
EV/Sales Low	14.15	16.27	14.86	14.13	14.7	16.98	16.58	14.86	18.04	12.63	23.27	15.7	13.02	11.68	13.15
EV/EBITDA Average	17.96	20.1	18.76	17.58	17.74	21.73	19.67	18.73	22.54	19.63	29.41	19.97	17.34	13.9	15.89
EV/EBITDA High	18.76	21.55	22.07	19.17	19.45	24.41	21.15	21.42	24.86	24.79	31.61	21.71	19.24	15.15	16.61
EV/EBITDA Low	15.95	18.55	16.94	15.92	16.38	18.95	18.53	16.76	20.14	14.16	26.17	17.63	14.68	13.06	14.77
EV/EBIT Average	26.35	30.77	34	32.1	31.99	39.89	36.33	34.59	40.66	36.41	57.14	45.47	36.41	28.24	31.36
EV/EBIT High	27.52	33	39.99	34.99	35.07	44.81	39.06	39.56	44.83	45.98	61.43	49.44	40.4	30.78	32.78
EV/EBIT Low	23.4	28.4	30.7	29.07	29.53	34.78	34.22	30.95	36.32	26.26	50.84	40.13	30.83	26.54	29.15
Last Price	33.85	38.94	36.15	46.2	50	55.66	55.22	61.05	71.3	60.2	71.59	63.43	57.42	53.41	56.37
High Price	35.2	42.82	53.73	48.11	53.78	70.01	61.59	64.79	79.57	82.23	72.24	75.4	68.85	64.88	61.09
Enterprise Value Average	6,572	8,544	12,841	14,568	16,298	21,479	21,401	22,056	30,050	28,848	54,398	59,503	62,715	65,542	81,344
Enterprise Value High	6,864	9,161	15,105	15,881	17,867	24,125	23,011	25,225	33,137	36,425	58,479	64,686	69,587	71,439	85,015
Enterprise Value Low	5,836	7,886	11,594	13,194	15,044	18,727	20,158	19,733	26,842	20,802	48,404	52,512	53,103	61,588	75,599

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	133	133	207	225	250	260	284	304	334	361	591	660	752	892	934
Diluted Weighted Avg Shares	126	133	192	219	236	255	274	289	317	347	591	613	695	866	911
Basic Weighted Avg Shares	126	133	192	219	235	255	274	289	316	344	591	612	692	692	907
Revenue per Share	3.27	3.65	4.07	4.27	4.35	4.32	4.44	4.6	4.71	4.79	3.52	5.47	5.89	7.61	6.34
EBITDA per Share	2.9	3.2	3.57	3.79	3.9	3.87	3.97	4.08	4.22	4.27	3.13	4.87	5.23	6.81	5.64
Operating Income per Share	1.98	2.09	1.97	2.07	2.16	2.11	2.15	2.21	2.34	2.3	1.61	2.14	2.49	3.35	2.86
Basic EPS, GAAP	1.05	0.89	1.06	1.07	1.09	1.13	1.15	1.26	1.38	1.15	0.61	1.42	1.26	1.23	1.17
Basic EPS from Cont Ops	1.11	1.07	0.94	1.23	1.21	1.24	1.16	1.26	1.39	1.15	0.61	1.43	1.27	1.25	1.18
Diluted EPS, GAAP	1.05	0.89	1.06	1.07	1.09	1.13	1.15	1.26	1.38	1.14	0.61	1.42	1.26	0.99	1.16
Diluted EPS from Cont Ops	1.11	1.07	0.94	1.23	1.21	1.24	1.16	1.26	1.38	1.14	0.61	1.42	1.26	1	1.17
Dividend per Share	1.93	2.08	2.35	2.37	2.38	2.5	2.54	2.64	2.7	2.8	1.98	2.96	3.05	3.9	3.22
Cash Flow per Share	2.37	2.46	2.71	2.87	2.95	3.13	3.2	3.26	3.38	3.24	2.24	4.19	4.27	5.16	4.4
Free Cash Flow per Basic Share	2.37	2.46	2.71	2.87	2.95	3.13	3.2	3.26	3.38	3.24	2.24	4.19	4.27	5.16	4.4
Cash & Equivalents per Share	0.03	0.04	0.05	0.02	0.17	0.04	0.03	0.04	0.17	2.4	0.44	0.28	0.34	0.64	0.48
Book Value per Share	15.2	13.58	24.91	23.85	26.06	24.96	26.89	28.06	31	32.1	42.36	46.86	47.48	56.05	43.36
Tangible Book Value per Share	13.85	11.63	20.13	19.15	21.69	20.74	22.55	23.93	26.27	27.02	27.36	32.6	35.18	40.15	32.49

Realty Income Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)