(O) Realty Income - Ratings and Ratios
Monthly Dividends, Net-Lease Properties, Global Portfolio
Dividends
| Dividend Yield | 5.60% |
| Yield on Cost 5y | 7.00% |
| Yield CAGR 5y | -0.19% |
| Payout Consistency | 97.7% |
| Payout Ratio | 100.4% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 17.4% |
| Value at Risk 5%th | 28.7% |
| Relative Tail Risk | 0.20% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.11 |
| Alpha | -0.93 |
| CAGR/Max DD | 0.10 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.301 |
| Beta | 0.234 |
| Beta Downside | 0.214 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.69% |
| Mean DD | 10.33% |
| Median DD | 9.90% |
Description: O Realty Income December 02, 2025
Realty Income Corp. (NYSE: O) is a S&P 500 REIT that positions itself as a “monthly-dividend” real-estate partner to large, credit-worthy tenants across the United States, the United Kingdom, and select European markets. As of September 30 2025 the company owned roughly 15,500 net-leasable properties spanning all 50 U.S. states and several overseas locations, and it has delivered 664 consecutive monthly dividends, qualifying it for the Dividend Aristocrats index after more than three decades of dividend growth.
Key performance metrics from the most recent fiscal year (FY 2024) show an adjusted funds-from-operations (AFFO) of $1.45 per share, a portfolio-wide occupancy rate of 95.5 %, and a net-debt-to-FFO leverage ratio of 3.2×-all within the REIT’s historically targeted ranges and indicative of strong cash-flow generation.
The REIT’s outlook is closely tied to macro-economic drivers such as prevailing interest-rate levels (which affect cost of capital and valuation multiples), inflation trends (which can trigger rent escalations in triple-net lease contracts), and the health of the retail sector (its primary GICS sub-industry). A sustained rise in rates could pressure dividend yield, while resilient consumer spending supports tenant credit quality and lease renewal rates.
For a deeper, data-driven assessment of how these variables may impact O’s valuation, you might find ValueRay’s analytical dashboards worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (962.1m TTM) > 0 and > 6% of Revenue (6% = 336.1m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA 0.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 32.05% (prev 38.46%; Δ -6.41pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 3.76b > Net Income 962.1m (YES >=105%, WARN >=100%) |
| Net Debt (28.48b) to EBITDA (4.35b) ratio: 6.55 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.55 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (915.2m) change vs 12m ago 4.95% (target <= -2.0% for YES) |
| Gross Margin 92.56% (prev 92.75%; Δ -0.19pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 8.02% (prev 7.31%; Δ 0.70pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.70 (EBITDA TTM 4.35b / Interest Expense TTM 1.09b) >= 6 (WARN >= 3) |
Altman Z'' 1.16
| (A) 0.03 = (Total Current Assets 5.09b - Total Current Liabilities 3.29b) / Total Assets 71.28b |
| (B) -0.14 = Retained Earnings (Balance) -10.08b / Total Assets 71.28b |
| (C) 0.03 = EBIT TTM 1.86b / Avg Total Assets 69.87b |
| (D) 1.22 = Book Value of Equity 39.05b / Total Liabilities 32.02b |
| Total Rating: 1.16 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 64.38
| 1. Piotroski 3.50pt |
| 2. FCF Yield 4.67% |
| 3. FCF Margin 67.18% |
| 4. Debt/Equity 0.74 |
| 5. Debt/Ebitda 6.55 |
| 6. ROIC - WACC (= -2.16)% |
| 7. RoE 2.47% |
| 8. Rev. Trend 98.02% |
| 9. EPS Trend 29.12% |
What is the price of O shares?
Over the past week, the price has changed by +2.15%, over one month by -0.85%, over three months by +0.85% and over the past year by +7.20%.
Is O a buy, sell or hold?
- Strong Buy: 5
- Buy: 1
- Hold: 17
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the O price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 63.3 | 10.2% |
| Analysts Target Price | 63.3 | 10.2% |
| ValueRay Target Price | 61.6 | 7.3% |
O Fundamental Data Overview November 24, 2025
P/E Trailing = 52.9626
P/E Forward = 35.5872
P/S = 9.2846
P/B = 1.335
P/EG = 5.7492
Beta = 0.809
Revenue TTM = 5.60b USD
EBIT TTM = 1.86b USD
EBITDA TTM = 4.35b USD
Long Term Debt = 26.46b USD (from longTermDebt, last quarter)
Short Term Debt = 1.92b USD (from shortTermDebt, last quarter)
Debt = 28.90b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 28.48b USD (from netDebt column, last quarter)
Enterprise Value = 80.61b USD (52.13b + Debt 28.90b - CCE 417.2m)
Interest Coverage Ratio = 1.70 (Ebit TTM 1.86b / Interest Expense TTM 1.09b)
FCF Yield = 4.67% (FCF TTM 3.76b / Enterprise Value 80.61b)
FCF Margin = 67.18% (FCF TTM 3.76b / Revenue TTM 5.60b)
Net Margin = 17.18% (Net Income TTM 962.1m / Revenue TTM 5.60b)
Gross Margin = 92.56% ((Revenue TTM 5.60b - Cost of Revenue TTM 417.0m) / Revenue TTM)
Gross Margin QoQ = 92.75% (prev 92.38%)
Tobins Q-Ratio = 1.13 (Enterprise Value 80.61b / Total Assets 71.28b)
Interest Expense / Debt = 0.99% (Interest Expense 286.7m / Debt 28.90b)
Taxrate = 6.98% (23.8m / 341.5m)
NOPAT = 1.73b (EBIT 1.86b * (1 - 6.98%))
Current Ratio = 1.55 (Total Current Assets 5.09b / Total Current Liabilities 3.29b)
Debt / Equity = 0.74 (Debt 28.90b / totalStockholderEquity, last quarter 39.05b)
Debt / EBITDA = 6.55 (Net Debt 28.48b / EBITDA 4.35b)
Debt / FCF = 7.57 (Net Debt 28.48b / FCF TTM 3.76b)
Total Stockholder Equity = 39.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.35% (Net Income 962.1m / Total Assets 71.28b)
RoE = 2.47% (Net Income TTM 962.1m / Total Stockholder Equity 39.02b)
RoCE = 2.83% (EBIT 1.86b / Capital Employed (Equity 39.02b + L.T.Debt 26.46b))
RoIC = 2.60% (NOPAT 1.73b / Invested Capital 66.51b)
WACC = 4.76% (E(52.13b)/V(81.03b) * Re(6.88%) + D(28.90b)/V(81.03b) * Rd(0.99%) * (1-Tc(0.07)))
Discount Rate = 6.88% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 12.21%
[DCF Debug] Terminal Value 80.80% ; FCFE base≈3.59b ; Y1≈4.24b ; Y5≈6.51b
Fair Price DCF = 121.3 (DCF Value 111.59b / Shares Outstanding 919.9m; 5y FCF grow 19.06% → 3.0% )
EPS Correlation: 29.12 | EPS CAGR: 159.5% | SUE: -0.04 | # QB: 0
Revenue Correlation: 98.02 | Revenue CAGR: 22.76% | SUE: 2.06 | # QB: 12
EPS next Quarter (2026-03-31): EPS=0.41 | Chg30d=-0.008 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=1.57 | Chg30d=+0.073 | Revisions Net=+3 | Growth EPS=+28.2% | Growth Revenue=+6.0%
Additional Sources for O Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle