(O) Realty Income - Ratings and Ratios
Commercial, Retail, Triple-Net, Leases, Dividends
O EPS (Earnings per Share)
O Revenue
Description: O Realty Income
Realty Income Corp. (NYSE: O) is a S&P 500-listed REIT that brands itself as “The Monthly Dividend Company.” Founded in 1969, it positions itself as a full-service real-estate capital partner to leading global corporations, operating a diversified portfolio of more than 15,600 properties across all 50 U.S. states, the United Kingdom, and seven additional European countries as of June 30 2025. The firm emphasizes a mission to generate reliable, growing monthly dividends, having declared 661 consecutive monthly payouts and maintaining membership in the S&P 500 Dividend Aristocrats index by raising its dividend for over 30 straight years.
Key performance indicators that supplement the public description include: (1) FY 2024 Funds From Operations (FFO) of $1.45 per share, reflecting the REIT’s cash-flow generation after adjusting for depreciation; (2) an aggregate occupancy rate of approximately 98 %, indicating strong lease renewal rates and tenant credit quality; and (3) a net debt-to-FFO leverage ratio of roughly 5.5×, which is modest for the sector but implies sensitivity to rising interest rates. These metrics are based on the most recent quarterly filings and should be monitored for quarterly revisions.
From a sector-level perspective, Realty Income’s focus on triple-net (NNN) leases to credit-worthy tenants provides a built-in inflation hedge, as tenants typically absorb operating cost escalations-a driver that has become increasingly valuable in the current high-inflation environment. Additionally, the REIT’s exposure to retail and industrial sub-industries aligns with the ongoing “e-commerce-driven” demand for distribution and last-mile logistics space, which historically outperforms during periods of supply-chain strain.
If you want a data-rich, quantitative framework to assess how Realty Income’s dividend profile and balance-sheet dynamics compare with peers, ValueRay’s analyst tools can help you model scenario-based outcomes and identify any hidden risk factors.
O Stock Overview
| Market Cap in USD | 54,932m |
| Sub-Industry | Retail REITs |
| IPO / Inception | 1994-10-18 |
O Stock Ratings
| Growth Rating | 35.4% |
| Fundamental | 57.2% |
| Dividend Rating | 66.2% |
| Return 12m vs S&P 500 | -14.2% |
| Analyst Rating | 3.48 of 5 |
O Dividends
| Dividend Yield 12m | 5.35% |
| Yield on Cost 5y | 7.24% |
| Annual Growth 5y | 0.60% |
| Payout Consistency | 99.2% |
| Payout Ratio | 105.9% |
O Growth Ratios
| Growth Correlation 3m | 81.4% |
| Growth Correlation 12m | 63.8% |
| Growth Correlation 5y | 19.4% |
| CAGR 5y | 7.05% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.24 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.69 |
| Sharpe Ratio 12m | -0.23 |
| Alpha | -13.41 |
| Beta | 0.787 |
| Volatility | 16.43% |
| Current Volume | 4238.4k |
| Average Volume 20d | 4849.4k |
| Stop Loss | 58.1 (-3.1%) |
| Signal | 0.41 |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (915.8m TTM) > 0 and > 6% of Revenue (6% = 327.7m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA 0.38pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 40.88% (prev 26.63%; Δ 14.25pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 3.66b > Net Income 915.8m (YES >=105%, WARN >=100%) |
| Net Debt (28.07b) to EBITDA (4.52b) ratio: 6.21 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.79 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (903.7m) change vs 12m ago 3.79% (target <= -2.0% for YES) |
| Gross Margin 92.63% (prev 92.75%; Δ -0.12pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.83% (prev 6.93%; Δ 0.90pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.94 (EBITDA TTM 4.52b / Interest Expense TTM 1.06b) >= 6 (WARN >= 3) |
Altman Z'' 1.24
| (A) 0.03 = (Total Current Assets 5.07b - Total Current Liabilities 2.84b) / Total Assets 71.42b |
| (B) -0.14 = Retained Earnings (Balance) -9.65b / Total Assets 71.42b |
| (C) 0.03 = EBIT TTM 2.06b / Avg Total Assets 69.74b |
| (D) 1.22 = Book Value of Equity 39.15b / Total Liabilities 32.06b |
| Total Rating: 1.24 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 57.21
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield 4.41% = 2.21 |
| 3. FCF Margin 67.04% = 7.50 |
| 4. Debt/Equity 0.74 = 2.24 |
| 5. Debt/Ebitda 6.21 = -2.50 |
| 6. ROIC - WACC (= -3.35)% = -4.19 |
| 7. RoE 2.36% = 0.20 |
| 8. Rev. Trend 97.03% = 7.28 |
| 9. EPS Trend -70.34% = -3.52 |
What is the price of O shares?
Over the past week, the price has changed by +2.88%, over one month by +0.83%, over three months by +7.84% and over the past year by -0.87%.
Is Realty Income a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of O is around 58.41 USD . This means that O is currently overvalued and has a potential downside of -2.55%.
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 | 62.6 | 4.4% |
| Analysts Target Price | 62.6 | 4.4% |
| ValueRay Target Price | 63.8 | 6.4% |
Last update: 2025-10-04 03:57
O Fundamental Data Overview
P/E Trailing = 58.3301
P/E Forward = 37.1747
P/S = 10.0292
P/B = 1.4119
P/EG = 5.7492
Beta = 0.787
Revenue TTM = 5.46b USD
EBIT TTM = 2.06b USD
EBITDA TTM = 4.52b USD
Long Term Debt = 26.88b USD (from longTermDebt, last quarter)
Short Term Debt = 1.47b USD (from shortTermDebt, last quarter)
Debt = 28.87b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 28.07b USD (from netDebt column, last quarter)
Enterprise Value = 83.01b USD (54.93b + Debt 28.87b - CCE 800.4m)
Interest Coverage Ratio = 1.94 (Ebit TTM 2.06b / Interest Expense TTM 1.06b)
FCF Yield = 4.41% (FCF TTM 3.66b / Enterprise Value 83.01b)
FCF Margin = 67.04% (FCF TTM 3.66b / Revenue TTM 5.46b)
Net Margin = 16.77% (Net Income TTM 915.8m / Revenue TTM 5.46b)
Gross Margin = 92.63% ((Revenue TTM 5.46b - Cost of Revenue TTM 402.6m) / Revenue TTM)
Gross Margin QoQ = 92.38% (prev 92.27%)
Tobins Q-Ratio = 1.16 (Enterprise Value 83.01b / Total Assets 71.42b)
Interest Expense / Debt = 0.96% (Interest Expense 277.0m / Debt 28.87b)
Taxrate = 10.79% (24.1m / 223.1m)
NOPAT = 1.83b (EBIT 2.06b * (1 - 10.79%))
Current Ratio = 1.79 (Total Current Assets 5.07b / Total Current Liabilities 2.84b)
Debt / Equity = 0.74 (Debt 28.87b / totalStockholderEquity, last quarter 39.15b)
Debt / EBITDA = 6.21 (Net Debt 28.07b / EBITDA 4.52b)
Debt / FCF = 7.67 (Net Debt 28.07b / FCF TTM 3.66b)
Total Stockholder Equity = 38.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 915.8m / Total Assets 71.42b)
RoE = 2.36% (Net Income TTM 915.8m / Total Stockholder Equity 38.87b)
RoCE = 3.13% (EBIT 2.06b / Capital Employed (Equity 38.87b + L.T.Debt 26.88b))
RoIC = 2.79% (NOPAT 1.83b / Invested Capital 65.81b)
WACC = 6.14% (E(54.93b)/V(83.81b) * Re(8.92%) + D(28.87b)/V(83.81b) * Rd(0.96%) * (1-Tc(0.11)))
Discount Rate = 8.92% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 11.50%
[DCF Debug] Terminal Value 78.16% ; FCFE base≈3.49b ; Y1≈4.17b ; Y5≈6.62b
Fair Price DCF = 105.1 (DCF Value 96.07b / Shares Outstanding 914.3m; 5y FCF grow 20.84% → 3.0% )
EPS Correlation: -70.34 | EPS CAGR: -61.10% | SUE: -4.0 | # QB: 0
Revenue Correlation: 97.03 | Revenue CAGR: 20.88% | SUE: 1.34 | # QB: 11
Additional Sources for O Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle