O Stock Analysis: Realty Income | NYSE
REIT - Retail | NYSE, USA | Market Cap: 54.408m USD | 12M Return: 11.3% | US7561091049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 422M
EPS Trend: 59.8%
Qual. Beats: 0
Rev. Trend: 95.8%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Realty Income Corporation (NYSE: O) is an S&P 500 company classified within the Real Estate sector as a Retail REIT, operating as a full-service real estate capital provider and long-term partner to leading companies across multiple industries. As of March 31, 2026, the company held a portfolio of over 15,500 properties spanning all 50 U.S. states, the United Kingdom, and eight additional European countries. Like other REITs, Realty Income generally generates the majority of its revenue through rental income from leased commercial properties and is required to distribute a substantial portion of its taxable earnings to shareholders.
The company brands itself as The Monthly Dividend Company, reflecting its core business model of delivering dependable, growing income to investors. Realty Income has declared 671 consecutive monthly dividends and is a member of the S&P 500 Dividend Aristocrats index, having raised its dividend for over 31 consecutive years.
Founded and incorporated in Maryland in 1969, Realty Income is headquartered in San Diego, California. The company has been publicly traded since its October 1994 IPO and is currently classified as a large-cap stock.
- Fed rate cuts reduce borrowing costs for net lease acquisitions
- European portfolio expansion drives incremental same-store rent growth
- Investment-grade tenant diversification sustains occupancy above 98 percent
| Net Income: 976.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.10 > 1.0 |
| NWC/Revenue: -21.86% < 20% (prev 32.05%; Δ -53.91% < -1%) |
| CFO/TA 0.05 > 3% & CFO 3.99b > Net Income 976.7m |
| Net Debt (33.0b) to EBITDA (4.60b): 7.18 < 3 |
| Current Ratio: 0.54 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (904.8m) vs prev 3.19% < -2% |
| Gross Margin: 90.36% > 18% (prev 92.56%; Δ -2.19% > 0.5%) |
| Asset Turnover: 8.16% > 50% (prev 7.86%; Δ 0.30% > 0%) |
| Interest Coverage Ratio: 1.79 > 6 (EBIT TTM 2.04b / Interest Expense TTM 1.14b) |
| A: -0.02 (Total Current Assets 1.59b - Total Current Liabilities 2.92b) / Total Assets 78.0b |
| B: -0.14 (Retained Earnings -10.5b / Total Assets 78.0b) |
| C: 0.03 (EBIT TTM 2.04b / Avg Total Assets 74.6b) |
| D: 1.12 (Book Value of Equity 39.5b / Total Liabilities 35.3b) |
| Altman-Z'' = 0.81 = B |
| DSRI: 0.26 (Receivables 1.22b/4.39b, Revenue 6.09b/5.60b) |
| GMI: 1.02 (GM 92.56% / 90.36%) |
| AQI: 1.06 (AQ_t 0.96 / AQ_t-1 0.91) |
| SGI: 1.09 (Revenue 6.09b / 5.60b) |
| TATA: -0.04 (NI 976.7m - CFO 3.99b) / TA 78.0b) |
| Beneish M = -3.52 (Cap -4..+1) = AAA |
As of November 05, 2026, the stock is trading at USD 59.22 with a total of 10,357,696 shares traded. Over the past week, the price has changed by +5.82%, over one month by +10.66%, over three months by -4.51% and over the past year by +11.31%.
Current recommended Stop Loss: 57.80 (which is 2.4% or 1.5 ATR below the current price).
Realty Income has received a consensus analysts rating of 3.44. Therefore, it is recommended to hold O.
- StrongBuy: 5
- Buy: 2
- Hold: 17
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 64.2 | 8.3% |
P/E Trailing = 39.3836
P/E Forward = 34.2466
P/S = 8.97
P/B = 1.3776
P/EG = 2.9046
Revenue TTM = 6.09b USD
EBIT TTM = 2.04b USD
EBITDA TTM = 4.60b USD
Long Term Debt = 26.8b USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.92b USD (from shortTermDebt, last fiscal year)
Debt = 33.4b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 528.5m
Net Debt = 33.0b USD (calculated: Debt 33.4b - CCE 368.5m)
Enterprise Value = 87.4b USD (54.4b + Debt 33.4b - CCE 368.5m)
Interest Coverage Ratio = 1.79 (Ebit TTM 2.04b / Interest Expense TTM 1.14b)
EV/FCF = 21.88x (Enterprise Value 87.4b / FCF TTM 3.99b)
FCF Yield = 4.57% (FCF TTM 3.99b / Enterprise Value 87.4b)
FCF Margin = 65.64% (FCF TTM 3.99b / Revenue TTM 6.09b)
Net Margin = 16.05% (Net Income TTM 976.7m / Revenue TTM 6.09b)
Gross Margin = 90.36% ((Revenue TTM 6.09b - Cost of Revenue TTM 586.4m) / Revenue TTM)
Gross Margin QoQ = none% (prev 92.12%)
Tobins Q-Ratio = 1.12 (Enterprise Value 87.4b / Total Assets 78.0b)
Interest Expense / Debt = 3.42% (Interest Expense 1.14b / Debt 33.4b)
Taxrate = 34.05% (492.4m / 1.45b)
NOPAT = 1.35b (EBIT 2.04b * (1 - 34.05%))
Current Ratio = 0.54 (Total Current Assets 1.59b / Total Current Liabilities 2.92b)
Debt / Equity = 0.85 (Debt 33.4b / totalStockholderEquity, last quarter 39.5b)
Debt / EBITDA = 7.18 (Net Debt 33.0b / EBITDA 4.60b)
Debt / FCF = 8.26 (Net Debt 33.0b / FCF TTM 3.99b)
Total Stockholder Equity = 39.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.31% (Net Income 976.7m / Total Assets 78.0b)
RoE = 2.48% (Net Income TTM 976.7m / Total Stockholder Equity 39.4b)
RoCE = 3.08% (EBIT 2.04b / Capital Employed (Equity 39.4b + L.T.Debt 26.8b))
RoIC = 1.73% (NOPAT 1.35b / Invested Capital 77.6b)
WACC = 4.01% (E(54.4b)/V(87.8b) * Re(5.09%) + D(33.4b)/V(87.8b) * Rd(3.42%) * (1-Tc(0.34)))
Discount Rate = 5.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.81 | Cagr: 5.13%
[DCF] Terminal Value 76.34% ; FCFF base≈3.89b ; Y1≈4.14b ; Y5≈4.92b
[DCF] Fair Price = 45.00 (EV 75.6b - Net Debt 33.0b = Equity 42.6b / Shares 946.2m; r=8.35% [WACC [floored]]; 5y FCF grow 7.18% → 2.50% )
EPS Correlation: 59.76 | EPS CAGR: 22.84% | SUE: 0.15 | # QB: 0
Revenue Correlation: 95.78 | Revenue CAGR: 14.34% | SUE: 1.68 | # QB: 1
EPS current Quarter (2027-03-31): EPS=0.27 | Chg30d=-28.46% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.51 | Chg30d=+0.06% | Revisions=-25% | GrowthEPS=+29.3% | GrowthRev=+7.4%
EPS next Year (2027-12-31): EPS=1.55 | Chg30d=-2.03% | Revisions=-40% | GrowthEPS=-4.3% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: -57% (up=0, down=4)