O Stock Analysis: Realty Income | NYSE
REIT - Retail | NYSE, USA | Market Cap: 58.654m USD | 12M Return: 15.6% | US7561091049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 317M
EPS Trend: 29.3%
Qual. Beats: 0
Rev. Trend: 96.9%
Qual. Beats: 15
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 576.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.22 > 1.0 |
| NWC/Revenue: -20.29% < 20% (prev 40.88%; Δ -61.17% < -1%) |
| CFO/TA 0.03 > 3% & CFO 2.15b > Net Income 576.1m |
| Net Debt (32.8b) to EBITDA (3.84b): 8.56 < 3 |
| Current Ratio: 0.58 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (904.8m) vs prev 3.19% < -2% |
| Gross Margin: 48.35% > 18% (prev 92.63%; Δ -44.28% > 0.5%) |
| Asset Turnover: 8.19% > 50% (prev 7.65%; Δ 0.54% > 0%) |
| Interest Coverage Ratio: 1.17 > 6 (EBIT TTM 1.35b / Interest Expense TTM 1.16b) |
| A: -0.02 (Total Current Assets 1.69b - Total Current Liabilities 2.92b) / Total Assets 76.4b |
| B: -0.14 (Retained Earnings -10.5b / Total Assets 76.4b) |
| C: 0.02 (EBIT TTM 1.35b / Avg Total Assets 73.9b) |
| D: 1.15 (Book Value of Equity 39.5b / Total Liabilities 34.5b) |
| Altman-Z'' = 0.77 = B |
| DSRI: 0.25 (Receivables 1.13b/4.05b, Revenue 6.05b/5.46b) |
| GMI: 1.92 (GM 92.63% / 48.35%) |
| AQI: 1.05 (AQ_t 0.96 / AQ_t-1 0.91) |
| SGI: 1.11 (Revenue 6.05b / 5.46b) |
| TATA: -0.02 (NI 576.1m - CFO 2.15b) / TA 76.4b) |
| Beneish M = -2.70 (Cap -4..+1) = A |
As of August 07, 2026, the stock is trading at USD 62.36 with a total of 4,639,723 shares traded. Over the past week, the price has changed by -2.80%, over one month by -0.90%, over three months by -1.31% and over the past year by +15.59%.
Current recommended Stop Loss: 60.60 (which is 2.8% or 1.5 ATR below the current price).
Realty Income has received a consensus analysts rating of 3.48. Therefore, it is recommended to hold O.
- StrongBuy: 5
- Buy: 1
- Hold: 17
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 68 | 9.1% |
P/E Trailing = 51.3934
P/E Forward = 37.8788
P/S = 9.8247
P/B = 1.4983
P/EG = 2.9836
Revenue TTM = 6.05b USD
EBIT TTM = 1.35b USD
EBITDA TTM = 3.84b 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 545.1m
Net Debt = 32.8b USD (calculated: Debt 33.4b - CCE 552.6m)
Enterprise Value = 91.5b USD (58.7b + Debt 33.4b - CCE 552.6m)
Interest Coverage Ratio = 1.17 (Ebit TTM 1.35b / Interest Expense TTM 1.16b)
EV/FCF = 42.63x (Enterprise Value 91.5b / FCF TTM 2.15b)
FCF Yield = 2.35% (FCF TTM 2.15b / Enterprise Value 91.5b)
FCF Margin = 35.45% (FCF TTM 2.15b / Revenue TTM 6.05b)
Net Margin = 9.52% (Net Income TTM 576.1m / Revenue TTM 6.05b)
Gross Margin = 48.35% ((Revenue TTM 6.05b - Cost of Revenue TTM 3.13b) / Revenue TTM)
Gross Margin QoQ = 11.00% (prev 11.06%)
Tobins Q-Ratio = 1.20 (Enterprise Value 91.5b / Total Assets 76.4b)
Interest Expense / Debt = 3.46% (Interest Expense 1.16b / Debt 33.4b)
Taxrate = 1.85% (20.0m / 1.08b)
NOPAT = 1.32b (EBIT 1.35b * (1 - 1.85%))
Current Ratio = 0.58 (Total Current Assets 1.69b / Total Current Liabilities 2.92b)
Debt / Equity = 0.84 (Debt 33.4b / totalStockholderEquity, last quarter 39.5b)
Debt / EBITDA = 8.56 (Net Debt 32.8b / EBITDA 3.84b)
Debt / FCF = 15.30 (Net Debt 32.8b / FCF TTM 2.15b)
Total Stockholder Equity = 39.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.78% (Net Income 576.1m / Total Assets 76.4b)
RoE = 1.47% (Net Income TTM 576.1m / Total Stockholder Equity 39.3b)
RoCE = 2.04% (EBIT 1.35b / Capital Employed (Equity 39.3b + L.T.Debt 26.8b))
RoIC = 1.74% (NOPAT 1.32b / Invested Capital 76.1b)
WACC = 4.67% (E(58.7b)/V(92.1b) * Re(5.39%) + D(33.4b)/V(92.1b) * Rd(3.46%) * (1-Tc(0.02)))
Discount Rate = 5.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 79.71 | Cagr: 10.22%
[DCF] Terminal Value 73.10% ; FCFF base≈2.72b ; Y1≈2.39b ; Y5≈1.93b
[DCF] Fair Price = N/A (negative equity: EV 31.0b - Net Debt 32.8b = -1.86b; debt exceeds intrinsic value)
EPS Correlation: 29.29 | EPS CAGR: 6.27% | SUE: 0.0 | # QB: 0
Revenue Correlation: 96.90 | Revenue CAGR: 17.02% | SUE: 1.18 | # QB: 15
EPS current Quarter (2026-09-30): EPS=0.42 | Chg30d=+2.66% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.56 | Chg30d=-0.24% | Revisions=-25% | GrowthEPS=+33.4% | GrowthRev=+7.3%
EPS next Year (2027-12-31): EPS=1.71 | Chg30d=-0.82% | Revisions=+0% | GrowthEPS=+5.9% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: -29% (up=1, down=3)