Stock · O · Real Estate

Realty Income Corporation

United States · Large Cap · listed since 1994 · Revenue 12 mo. $5.9B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Not rated To the score
Price
$59.04
1 Y −4.8%
Market cap
$55.2B
Phase
Growth
revenue growing, core business profitable
Revenue +19.8% a year (3 years)EBIT margin 28.3%Payout 76.1% of operating cash flow

Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies.

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Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, they serve their clients as a full-service real estate capital provider. As of June 30, 2026, they have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. They are known as (The Monthly Dividend Company) and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since their founding, they have declared 676 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index for having increased dividend for over 31 consecutive years. Realty Income Corporation was founded in 1969 and was incorporated in Maryland.

Original text from the data provider

Summary

Realty Income Corporation is around the middle of the Real Estate sector overall

47.7 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 3.1% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €3.6B (2025), it supports €39.8B. The remaining €9.7B of the market value assume it grows 3.1% a year for 10 years and not at all afterwards.

Required FCF growth per year

3.1%

no growth afterwards

Market value breakdown€49.6B market value, price as of 11/06/2026

€39.8B without growth
€9.7B priced-in growth
  • 5 yrs achieved 27.4%
  • 10 yrs achieved 20.5%
  • priced in 3.1%

Valuation against its own history

Price to operating cash flow 13.2×, below its usual range.

Middle half of 20 quarters: 14.1× to 15.9×, median 14.7×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

3 signs support the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 3.1%, achieved at least 20.5%
  • High, stable gross margin median 93.6%, range 5.2 pp (10 years)
  • Low capital needs capex median 2.1% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q1 → Q2 2026

Mostly worse than the previous quarter: 3 of 4 changes for the worse.

  • FCF, 12 mo.$4.1B → $2.2B−46.2%worse
  • FCF margin68.5% → 36.8%−31.8 ppworse
  • Net debt$29.8B → $2.2B−92.6%better
  • Shares outstanding905M → 935M+3.3%worse

4 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability59.9around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity2.68%7.47%Rank 18
Return on capital (Greenblatt)114.59%30.55%Rank 65
EBIT margin28.30%45.85%Rank 34
FCF margin69.48%37.62%Rank 91
Gross margin89.80%55.39%Rank 91
Growth36.2below the middleGrows more slowly than the sector: Sustainable growth (ROE × retained earnings) 0.00%, sector 2.49%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year9.07%6.62%Rank 65
Earnings growth, 3 years per year−6.26%3.56%Rank 36
Earnings growth, 5 years per year0.43%4.17%Rank 39
Sustainable growth (ROE × retained earnings)0.00%2.49%Rank 5
Valuation29.0below the middleValued higher than the sector: EV/EBIT 53.87, sector 23.23.
MetricStockSector medianPosition in sector
Earnings yield1.98%5.58%Rank 15
FCF yield7.23%4.79%Rank 71
EV/saleslower is better15.2512.03Rank 21
EV/EBITlower is better53.8723.23Rank 9
Momentum61.3above the middleShare price doing better than the sector: Share price, 1 year −4.80%, sector −13.68%.
MetricStockSector medianPosition in sector
Share price, 1 year−4.80%−13.68%Rank 74
Share price, 6 months−4.17%−6.91%Rank 60
Share price, 3 months−0.42%0.34%Rank 41
Distance from 52-week high−12.61%−18.73%Rank 71
Quality39.2below the middleQuality below the sector: Change in share count 3.19%, sector 0.26%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better3.85%3.12%Rank 43
Change in share countlower is better3.19%0.26%Rank 25
Dividend streak in years14Rank 35
Price reaction to results, market-adjusted−0.29%−0.47%Rank 54
Balance sheet & risk60.4above the middleLess risk than the sector: Volatility, 1 year 17.06%, sector 25.05%.
MetricStockSector medianPosition in sector
Equity ratio54.18%46.36%Rank 73
Net debt/EBITDAlower is better9.006.62Rank 22
Debt to equitylower is better0.830.92Rank 60
Volatility, 1 yearlower is better17.06%25.05%Rank 87

Ten years in figures

Revenue from $1.1B (2016) to $5.7B (2025), 20.1% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
20161.148.8%$790.6M256M5.8
20171.248.5%$860.6M274M6.1
20181.348.0%$915.4M290M6.5
20191.549.7%$1.1B316M8.0
20201.648.1%$1.1B345M8.0
20212.145.8%$1.3B415M15.7
20223.339.1%$2.6B612M18.4
20234.142.2%$2.9B693M21.8
20245.344.0%$3.5B877M26.3
20255.728.3%$4.0B905M32.4
5.5 / 10Not ratedStockScorer score6 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Realty Income Corporation mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Realty Income Corporation's score is built

This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Realty Income Corporation. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

6 of 11 points

The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksapplies

Detail data

How does Realty Income Corporation stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Trending Value: Value + Momentum
  • Moat Quality
  • Magic Formula: Value + Quality
  • Growth Momentum (CAN SLIM principle)
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Undervalued Stocks: Multi-Factor Check

Realty Income Corporation key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Realty Income Corporation.

MetricStockSector
P/E ratio50.516.4
P/B ratio1.41.0
Return on equity (ROE)2.7%7.5%
Equity ratio54.2%46.4%
Debt-to-equity (D/E)0.830.92
Dividend yield5.5%4.2%

Similar stocks in Real Estate

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
ORealty Income Corporationthis page
SPGSimon Property Group IncLow3.6
KIMKimco Realty CorporationLow2.7
REGRegency Centers CorporationLow2.7
URW.PAUnibail-Rodamco-Westfieldlocked
C38U.SICapitaLand Mall Trustlocked

Frequently asked questions about Realty Income Corporation stock

How does Realty Income Corporation stock (O) score in the StockScorer model?
Realty Income Corporation stock reaches a StockScorer score of 5.5 out of 10, but is not rated (exclusion rule: Exclusion: financial and real estate stocks).
What is Realty Income Corporation's P/E ratio?
Realty Income Corporation's P/E ratio is 50.5. The Real Estate sector median is 16.4.
What sector is Realty Income Corporation in?
Realty Income Corporation is assigned to the Real Estate sector. Its rank within the sector is 47.7 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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