O

Realty Income Corporation

Fundamental data last updated:May 27, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Real Estate

industry

REIT - Retail

Exchange

NYSE

County of HQ

US

Next Earnings Date

08/05/2026

Business Summary

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 over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

 


Analyze O on TradingView

VALUATION

P/E

50.08

Market Cap ($M USD)

$57.83B

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

9.77

PRICE TO BOOK

1.43

EV / EBITDA

20.98

5-Year Average P/E

Free Cash Flow Yield

7.01%

DCF Value

$78.78

Graham Number

$34.72

Price to FCF

14.26

EV to FCF

21.84

Earnings Yield

2.00%

FCF Yield

7.01%

DIVIDEND

Yield

5.22%

Annual Payout

$3.24

Payout Ratio

264.79%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.24

Next Year EPS Growth Estimate

$0.00

Next Year Revenue Growth Estimate

$621.07B

Return on Equity (ROE)

2.86%

FREE CASH FLOW

Operating Margin

29.27%

Debt-to-Equity

0.83

Piotroski F-Score

5

Altman Z-Score

1.02

Return on Invested Capital (ROIC)

2.32%

Current Ratio

0.00

Quick Ratio

0.00

Net Debt to EBITDA

7.28

Interest Coverage

5.93

Gross Profit margin

68.62%

FCF PER SHARE

$4.48

REVENUE PER SHARE

$6.54

Analyze O on TradingView

Gainseekers Quantitative Analysis

Summary

The market seems to be mispricing Realty Income Corporation. Despite a DCF value significantly higher than recent pricing, the stock’s Price/Earnings ratio is sky-high, suggesting an overvaluation. The Altman Z-score of 1.01 raises red flags about financial distress, while the Earnings Yield of just 2% indicates limited immediate returns. The lack of a Forward P/E further clouds growth expectations, making this a risky proposition for safety-conscious investors. However, the Graham Number suggests a more conservative valuation, hinting at potential undervaluation if the market corrects.

AI Exposure / Tech Reliance

As a REIT in the retail sector, Realty Income Corporation is somewhat insulated from rapid AI and tech disruptions. Its business model relies on physical assets and long-term leases, which are less susceptible to digital upheaval. However, the company must still adapt to tech-driven changes in retail consumption patterns.

The Bull Case

For value or GARP investors, Realty Income offers compelling reasons to buy. The company's ROIC of 2.32% and a solid FCF Yield suggest efficient capital use and cash generation. A Piotroski F-Score of 5 indicates moderate financial health, while a robust operating margin of 29.27% underscores its pricing power. These metrics paint a picture of a company with stable cash flows and potential for long-term growth.

The Bear Case

The stock's valuation metrics are a cause for concern. With a Price/Book ratio of 1.43 and a Price/Sales ratio nearing 10, the stock appears overvalued relative to its book and sales. The high payout ratio of 197.14% raises sustainability questions about its dividend policy. Additionally, the stock is trading close to its 52-week high, suggesting technical overextension and limited upside potential.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$68.00

Institutional Ownership %

1-Year Beta

0.76

Insider Buying % (6 Mo)

Distance to 52-Week High

9.55%

Distance to 52-Week Low

10.48%

EARNINGS SURPRISE %

-18.03%

50-DAY SMA

$62.71

200-DAY SMA

$60.48

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.