Realty Income Corp. O
Real Estate Investment Trusts · data as of November 13, 2026
Realty Income Corp. (O) is a real estate company listed in the US with a market value of about $55.9B. In the twelve months to September 30, 2026 it had revenue of $6.1B and net income of $1.4B, a net margin of 22.3%.
Its overall Stock Analiz score is 2.4 out of 5 (weak). The strongest part is shareholder returns (4/5); the weakest is value (1/5).
Key numbers: a P/E of 40.5, a price to free cash flow of 13.5, 5-year revenue growth of 28% a year, a 5-year average ROIC of 1%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 15% below the current price.
Score: 2.4 / 5
Checks passed
- P/FCF below 20
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- Positive free cash flow
- Interest covered more than 5 times
- Liabilities below 60% of assets
Checks not passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.1B | $5.7B | $5.3B | $4.1B | $3.3B | $2.1B | $1.6B | $1.5B | $1.3B | $1.2B | $1.1B |
| Net income | $1.4B | $1.1B | $861M | $872M | $869M | $359M | $395M | $436M | $364M | $319M | $316M |
| Free cash flow | $4.1B | $3.9B | $3.5B | $2.9B | $2.5B | $1.3B | $1.1B | $1.0B | $915M | $861M | $786M |
| EPS (diluted) | $1.45 | $1.17 | $0.98 | $1.26 | $1.42 | $0.87 | $1.14 | $1.38 | $1.26 | $1.10 | $1.13 |
| Net margin | 22.3% | 18.4% | 16.3% | 21.4% | 26.0% | 17.3% | 24.0% | 29.3% | 27.4% | 26.2% | 28.6% |
| ROIC | — | 1.4% | 1.2% | 1.6% | 1.8% | 1.0% | 1.7% | 2.5% | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 21 analysts is $63.63, 8% above the current price; targets range from $59.00 to $74.00; the consensus rating is “Hold”; expected EPS is $1.55 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Realty Income’s P/E ratio?
About 40.5, based on the last twelve months of diluted earnings per share (forward P/E about 40.0).
Is Realty Income stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 15% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Realty Income pay a dividend?
Yes. The dividend yield is about 5.59%, and it has paid dividends for 10 years in our data.
Is Realty Income a good stock to buy?
We do not give buy or sell advice. Realty Income scores 2.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.