O
Realty Income
$60.58
▲ 0.6%Updated Today 7:15 PM ET
▲ Up 4.6% over the last 12 months
Market Cap
$56.17B
P/E
50.13x
Forward P/E (est.)
45.91x
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)
2.0%
Rating Score
48/100
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 $60.58, below its 50-day average ($62.40) and 200-day average ($60.74). Price below both averages is a downtrend — momentum is against buyers for now.
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 45 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 $1.16 (~1.9% 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 $59.48 (support) and sellers near $62.97 (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 2.0× the 20-day average — heavier than usual, which adds conviction to the move. 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.
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 $56.17B.
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.
4Y CAGR
28.9%
Revenue moved from $2.08B in 2021 to $5.75B in 2025, a 28.9% 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.
P/E
50.13x
P/S
10.08x
P/B
1.29x
EV / EBITDA
—
O trades at 50.1x trailing earnings (about 45.9x on estimated forward earnings), 10.1x sales, and 1.3x book value. Reverse-engineering today's price implies the market expects roughly 2.0% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. 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 (31 S&P 500 companies), O ranks #20 of 31 by our overall rating. It trades at a premium versus the sector on earnings (50.1x P/E vs. 30.8x 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
50.1x
median 30.8x
ROE vs sector
2.9%
median 8.0%
Growth vs sector
9.8%
median 5.3%
Sector rank
#20
of 31 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 31 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)
$53.62 – $89.37
vs. $60.58 today · expected CAGR -2% – 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 | $1.22 | $1.34 | $1.48 | $1.62 | $1.79 |
| Share price (low) | $36.62 | $40.29 | $44.31 | $48.75 | $53.62 |
| Share price (high) | $61.04 | $67.14 | $73.86 | $81.24 | $89.37 |
| CAGR (low–high) | -40% / 1% | -18% / 5% | -10% / 7% | -5% / 8% | -2% / 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 50.1x 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 50.1x 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 50.1x earnings, which our model scores Neutral (48/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
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.