O
Realty Income
$62.78
▲ 0.7%Updated Aug 7, 11:30 AM ET
O at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 48/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 4.6% over the last 12 months
Market Cap
$59.53B
P/E
52.24x
Forward P/E (est.)
47.84x
ROE
2.9%
Revenue Growth
9.8%
EPS Growth
9.2%
Profit Margin
18.9%
FCF Yield
6.6%
Debt / Equity
0.73x
ROIC
—
Interest Coverage
—
Current Ratio
—
Dividend Yield
5.2%
Implied Growth (rev. DCF)
2.4%
Rating Score
48/100
Realty Income (O) is a large-cap company in the Retail REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $59.53B.
In its latest reported year it generated about $5.75B in revenue and $1.06B in net profit.
Our model rates O Neutral (48/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what O's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. O trades near $62.78, above its 50-day average ($62.07) and 200-day average ($60.86). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 60 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. O's is $1.06 (~1.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month O found buyers near $59.50 (support) and sellers near $63.85 (resistance); its 52-week range is $55.86–$67.94. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
28.9%
Revenue moved from $421.06M in 2011 to $5.75B in 2025, a 33.7% compound annual growth rate. The most recent year grew a steady 9.8% year over year. Slower, mature growth is common for established businesses.
Gross Margin
92.6%
Operating Margin
17.6%
Net Margin
18.4%
ROE
2.9%
Realty Income keeps about 18.9% of each sales dollar as net profit, with a 92.6% gross margin and 17.6% operating margin. Return on equity is 2.9%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$4.67B
Net Debt
$4.30B
Net Debt / EBITDA
—
Debt / Equity
0.73x
Leverage: debt-to-equity is 0.7x. That is a moderate, manageable debt load for most businesses. It carries roughly $4.67B of total debt against $373.54M of cash.
Operating CF
$3.99B
Free Cash Flow
$3.86B
FCF Margin
67.2%
In the latest year Realty Income produced about $3.99B of operating cash flow and $3.86B of free cash flow after capital spending. That is a free-cash-flow yield of about 6.6% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
5.2%
Per share (latest FY)
$3.22
Total paid (latest FY)
$2.92B
History on record
9 years
dividend uses 76% of free cash flow
276% of net income paid out
total dividends increased 8 years in a row
no cuts in the last 9 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
52.24x
P/S
10.08x
P/B
1.34x
EV / EBITDA
—
O trades at 52.2x trailing earnings (about 47.8x on estimated forward earnings), 10.1x sales, and 1.3x book value. Reverse-engineering today's price implies the market expects roughly 2.4% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$98.24
Current price
$62.78
Starting FCF (latest 10-K)
$3.86B
Growth, years 1–5
9.8%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where O sits versus its Real Estate sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 33 Real Estate companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How O stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (41 S&P 500 companies), O ranks #21 of 41 by our overall rating. It trades at a premium versus the sector on earnings (52.2x P/E vs. 32.4x median) with a lower return on equity (2.9% vs. 8.0%) and faster revenue growth (9.8% vs. 5.3%).
P/E vs sector
52.2x
median 32.4x
ROE vs sector
2.9%
median 8.0%
Growth vs sector
9.8%
median 5.3%
Sector rank
#21
of 41 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 41 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $62.78 today · expected CAGR -3% – 8%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $6.32B | $6.96B | $7.65B | $8.42B | $9.26B |
| Net income | $1.14B | $1.25B | $1.38B | $1.52B | $1.67B |
| EPS | $1.20 | $1.32 | $1.45 | $1.60 | $1.76 |
| Share price (low) | $37.22 | $40.94 | $45.03 | $49.53 | $54.49 |
| Share price (high) | $62.43 | $68.67 | $75.54 | $83.09 | $91.40 |
| CAGR (low–high) | -41% / -1% | -19% / 5% | -10% / 6% | -6% / 7% | -3% / 8% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for O:
- High net margins (18.9%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~6.6%) funds buybacks and dividends.
- Pays a 5.2% dividend on top of any price gains.
The case against O:
- A rich 52.2x earnings multiple prices in a lot of growth.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 52.2x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Realty Income is a large-cap real estate business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 52.2x earnings, which our model scores Neutral (48/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 32 Wall Street analysts covering O recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+5 pts of buy ratings).
Latest SEC Filings
O's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
O — frequently asked questions
Is O a good stock to buy?
We don't give buy or sell advice. Our model rates Realty Income Neutral (48/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is O's rating on The Stocks School?
Realty Income currently scores 48/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does O's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Realty Income's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for O calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this O analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell O. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.