REALTY INCOME CORP (O) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:O • US7561091049

63.86 USD
-0.04 (-0.06%)
Last: Feb 11, 2026, 10:03 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, O scores 4 out of 10 in our fundamental rating. O was compared to 122 industry peers in the Diversified REITs industry. While O is still in line with the averages on profitability rating, there are concerns on its financial health. O is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • O had positive earnings in the past year.
  • O had a positive operating cash flow in the past year.
  • In the past 5 years O has always been profitable.
  • Each year in the past 5 years O had a positive operating cash flow.
O Yearly Net Income VS EBIT VS OCF VS FCFO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B -6B

1.2 Ratios

  • O has a Return On Assets (1.35%) which is in line with its industry peers.
  • O has a Return On Equity (2.46%) which is in line with its industry peers.
  • O has a Return On Invested Capital of 2.83%. This is comparable to the rest of the industry: O outperforms 51.64% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for O is in line with the industry average of 3.07%.
  • The 3 year average ROIC (2.51%) for O is below the current ROIC(2.83%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.35%
ROE 2.46%
ROIC 2.83%
ROA(3y)1.5%
ROA(5y)1.45%
ROE(3y)2.62%
ROE(5y)2.58%
ROIC(3y)2.51%
ROIC(5y)2.49%
O Yearly ROA, ROE, ROICO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3 4

1.3 Margins

  • Looking at the Profit Margin, with a value of 17.18%, O is in the better half of the industry, outperforming 65.57% of the companies in the same industry.
  • O's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 44.42%, O belongs to the top of the industry, outperforming 90.16% of the companies in the same industry.
  • O's Operating Margin has declined in the last couple of years.
  • With an excellent Gross Margin value of 92.56%, O belongs to the best of the industry, outperforming 95.08% of the companies in the same industry.
  • In the last couple of years the Gross Margin of O has remained more or less at the same level.
Industry RankSector Rank
OM 44.42%
PM (TTM) 17.18%
GM 92.56%
OM growth 3Y-1.7%
OM growth 5Y-2.42%
PM growth 3Y-2.35%
PM growth 5Y-11.32%
GM growth 3Y-0.27%
GM growth 5Y-0.26%
O Yearly Profit, Operating, Gross MarginsO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), O is destroying value.
  • Compared to 1 year ago, O has more shares outstanding
  • The number of shares outstanding for O has been increased compared to 5 years ago.
  • The debt/assets ratio for O is higher compared to a year ago.
O Yearly Shares OutstandingO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
O Yearly Total Debt VS Total AssetsO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • O has an Altman-Z score of 1.08. This is a bad value and indicates that O is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.08, O is in the better half of the industry, outperforming 75.41% of the companies in the same industry.
  • O has a Debt/Equity ratio of 0.73. This is a neutral value indicating O is somewhat dependend on debt financing.
  • O has a better Debt to Equity ratio (0.73) than 78.69% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF N/A
Altman-Z 1.08
ROIC/WACC0.39
WACC7.22%
O Yearly LT Debt VS Equity VS FCFO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.81 indicates that O may have some problems paying its short term obligations.
  • With a Current ratio value of 0.81, O perfoms like the industry average, outperforming 43.44% of the companies in the same industry.
  • O has a Quick Ratio of 0.81. This is a bad value and indicates that O is not financially healthy enough and could expect problems in meeting its short term obligations.
  • O's Quick ratio of 0.81 is in line compared to the rest of the industry. O outperforms 43.44% of its industry peers.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.81
O Yearly Current Assets VS Current LiabilitesO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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5

3. Growth

3.1 Past

  • O shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.86%.
  • Measured over the past years, O shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.62% on average per year.
  • The Revenue has grown by 11.88% in the past year. This is quite good.
  • Measured over the past years, O shows a very strong growth in Revenue. The Revenue has been growing by 28.78% on average per year.
EPS 1Y (TTM)2.86%
EPS 3Y1.4%
EPS 5Y-6.62%
EPS Q2Q%16.67%
Revenue 1Y (TTM)11.88%
Revenue growth 3Y36.33%
Revenue growth 5Y28.78%
Sales Q2Q%10.49%

3.2 Future

  • Based on estimates for the next years, O will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.63% on average per year.
  • O is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.67% yearly.
EPS Next Y33.97%
EPS Next 2Y29.2%
EPS Next 3Y20.64%
EPS Next 5Y13.63%
Revenue Next Year9.6%
Revenue Next 2Y7.74%
Revenue Next 3Y7.06%
Revenue Next 5Y6.67%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
O Yearly Revenue VS EstimatesO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
O Yearly EPS VS EstimatesO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0.5 1 1.5 2

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2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 59.13, O can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of O is on the same level as its industry peers.
  • O is valuated expensively when we compare the Price/Earnings ratio to 28.03, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 39.04, which means the current valuation is very expensive for O.
  • Based on the Price/Forward Earnings ratio, O is valued a bit cheaper than 68.03% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.97. O is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 59.13
Fwd PE 39.04
O Price Earnings VS Forward Price EarningsO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • O's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. O is more expensive than 65.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.42
O Per share dataO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • O's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of O may justify a higher PE ratio.
  • A more expensive valuation may be justified as O's earnings are expected to grow with 20.64% in the coming years.
PEG (NY)1.74
PEG (5Y)N/A
EPS Next 2Y29.2%
EPS Next 3Y20.64%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.11%, O is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.81, O has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, O pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.11%

5.2 History

  • The dividend of O has a limited annual growth rate of 4.20%.
  • O has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.2%
Div Incr Years0
Div Non Decr Years0
O Yearly Dividends per shareO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • O pays out 298.20% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of O is growing, but earnings are growing more, so the dividend growth is sustainable.
DP298.2%
EPS Next 2Y29.2%
EPS Next 3Y20.64%
O Yearly Income VS Free CF VS DividendO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B -6B
O Dividend Payout.O Dividend Payout, showing the Payout Ratio.O Dividend Payout.PayoutRetained Earnings

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REALTY INCOME CORP

NYSE:O (2/11/2026, 10:03:07 AM)

63.86

-0.04 (-0.06%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-03
Earnings (Next)02-24
Inst Owners81.1%
Inst Owner Change-1.8%
Ins Owners0.1%
Ins Owner Change-4.76%
Market Cap58.75B
Revenue(TTM)5.60B
Net Income(TTM)962.12M
Analysts68.67
Price Target64.88 (1.6%)
Short Float %3.49%
Short Ratio5.02
Dividend
Industry RankSector Rank
Dividend Yield 5.11%
Yearly Dividend3.28
Dividend Growth(5Y)4.2%
DP298.2%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-30
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.28%
Min EPS beat(2)-38.76%
Max EPS beat(2)-3.79%
EPS beat(4)0
Avg EPS beat(4)-26.76%
Min EPS beat(4)-41.01%
Max EPS beat(4)-3.79%
EPS beat(8)0
Avg EPS beat(8)-27.11%
EPS beat(12)2
Avg EPS beat(12)-18.28%
EPS beat(16)3
Avg EPS beat(16)-20.83%
Revenue beat(2)2
Avg Revenue beat(2)3.81%
Min Revenue beat(2)2.87%
Max Revenue beat(2)4.74%
Revenue beat(4)4
Avg Revenue beat(4)3.1%
Min Revenue beat(4)1.46%
Max Revenue beat(4)4.74%
Revenue beat(8)8
Avg Revenue beat(8)3.16%
Revenue beat(12)12
Avg Revenue beat(12)3.11%
Revenue beat(16)14
Avg Revenue beat(16)2.83%
PT rev (1m)1.6%
PT rev (3m)1.57%
EPS NQ rev (1m)0.56%
EPS NQ rev (3m)-10.63%
EPS NY rev (1m)0.48%
EPS NY rev (3m)-3.22%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)1.97%
Revenue NY rev (1m)0.97%
Revenue NY rev (3m)1.71%
Valuation
Industry RankSector Rank
PE 59.13
Fwd PE 39.04
P/S 10.49
P/FCF N/A
P/OCF 15.61
P/B 1.5
P/tB 2.08
EV/EBITDA 17.42
EPS(TTM)1.08
EY1.69%
EPS(NY)1.64
Fwd EY2.56%
FCF(TTM)-1.19
FCFYN/A
OCF(TTM)4.09
OCFY6.41%
SpS6.09
BVpS42.45
TBVpS30.72
PEG (NY)1.74
PEG (5Y)N/A
Graham Number32.12
Profitability
Industry RankSector Rank
ROA 1.35%
ROE 2.46%
ROCE 3.58%
ROIC 2.83%
ROICexc 2.85%
ROICexgc 3.39%
OM 44.42%
PM (TTM) 17.18%
GM 92.56%
FCFM N/A
ROA(3y)1.5%
ROA(5y)1.45%
ROE(3y)2.62%
ROE(5y)2.58%
ROIC(3y)2.51%
ROIC(5y)2.49%
ROICexc(3y)2.52%
ROICexc(5y)2.53%
ROICexgc(3y)3.04%
ROICexgc(5y)3.01%
ROCE(3y)3.17%
ROCE(5y)3.15%
ROICexgc growth 3Y12.51%
ROICexgc growth 5Y-1.36%
ROICexc growth 3Y14.65%
ROICexc growth 5Y-3.26%
OM growth 3Y-1.7%
OM growth 5Y-2.42%
PM growth 3Y-2.35%
PM growth 5Y-11.32%
GM growth 3Y-0.27%
GM growth 5Y-0.26%
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF N/A
Debt/EBITDA 5.71
Cap/Depr 194.59%
Cap/Sales 86.68%
Interest Coverage 2.37
Cash Conversion 75.51%
Profit Quality N/A
Current Ratio 0.81
Quick Ratio 0.81
Altman-Z 1.08
F-Score6
WACC7.22%
ROIC/WACC0.39
Cap/Depr(3y)369.18%
Cap/Depr(5y)430.26%
Cap/Sales(3y)177.32%
Cap/Sales(5y)195.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.86%
EPS 3Y1.4%
EPS 5Y-6.62%
EPS Q2Q%16.67%
EPS Next Y33.97%
EPS Next 2Y29.2%
EPS Next 3Y20.64%
EPS Next 5Y13.63%
Revenue 1Y (TTM)11.88%
Revenue growth 3Y36.33%
Revenue growth 5Y28.78%
Sales Q2Q%10.49%
Revenue Next Year9.6%
Revenue Next 2Y7.74%
Revenue Next 3Y7.06%
Revenue Next 5Y6.67%
EBIT growth 1Y11.31%
EBIT growth 3Y34%
EBIT growth 5Y25.67%
EBIT Next Year116.05%
EBIT Next 3Y35.61%
EBIT Next 5Y21.07%
FCF growth 1Y86.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y33.04%
OCF growth 3Y39.29%
OCF growth 5Y27.3%

REALTY INCOME CORP / O FAQ

Can you provide the ChartMill fundamental rating for REALTY INCOME CORP?

ChartMill assigns a fundamental rating of 4 / 10 to O.


Can you provide the valuation status for REALTY INCOME CORP?

ChartMill assigns a valuation rating of 2 / 10 to REALTY INCOME CORP (O). This can be considered as Overvalued.


What is the profitability of O stock?

REALTY INCOME CORP (O) has a profitability rating of 6 / 10.


What is the financial health of REALTY INCOME CORP (O) stock?

The financial health rating of REALTY INCOME CORP (O) is 2 / 10.


Can you provide the expected EPS growth for O stock?

The Earnings per Share (EPS) of REALTY INCOME CORP (O) is expected to grow by 33.97% in the next year.