REALTY INCOME CORP (O) Stock Fundamental Analysis

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

64.5 USD
+0.6 (+0.94%)
At close: Feb 11, 2026
64.38 USD
-0.12 (-0.19%)
After Hours: 2/11/2026, 5:54:10 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall O gets a fundamental rating of 4 out of 10. We evaluated O against 122 industry peers in the Diversified REITs industry. O has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, O is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year O was profitable.
  • O had a positive operating cash flow in the past year.
  • O had positive earnings in each of the past 5 years.
  • 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's Return On Equity of 2.46% is in line compared to the rest of the industry. O outperforms 53.28% of its industry peers.
  • The Return On Invested Capital of O (2.83%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for O is in line with the industry average of 3.07%.
  • The last Return On Invested Capital (2.83%) for O is above the 3 year average (2.51%), which is a sign of increasing profitability.
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.
  • In the last couple of years the Profit Margin of O has declined.
  • O has a Operating Margin of 44.42%. This is amongst the best in the industry. O outperforms 90.16% of its industry peers.
  • O's Operating Margin has declined in the last couple of years.
  • O's Gross Margin of 92.56% is amongst the best of the industry. O outperforms 95.08% of its industry peers.
  • O's Gross Margin has been stable in the last couple of years.
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

  • O has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, O has more shares outstanding
  • O has more shares outstanding than it did 5 years ago.
  • O has a worse debt/assets ratio than last year.
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.
  • A Debt/Equity ratio of 0.73 indicates that O is somewhat dependend on debt financing.
  • O's Debt to Equity ratio of 0.73 is fine compared to the rest of the industry. O outperforms 78.69% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF N/A
Altman-Z 1.08
ROIC/WACC0.39
WACC7.19%
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.
  • O's Current ratio of 0.81 is in line compared to the rest of the industry. O outperforms 43.44% of its industry peers.
  • 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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%.
  • O shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.62% yearly.
  • The Revenue has grown by 11.88% in the past year. This is quite good.
  • O shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.78% yearly.
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

  • O is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.63% yearly.
  • 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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 59.72, 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.
  • The average S&P500 Price/Earnings ratio is at 28.23. O is valued rather expensively when compared to this.
  • With a Price/Forward Earnings ratio of 39.43, O can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, O is valued a bit cheaper than the industry average as 68.03% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, O is valued a bit more expensive.
Industry RankSector Rank
PE 59.72
Fwd PE 39.43
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of O indicates a slightly more expensive valuation: O is more expensive than 65.57% of the companies listed 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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • O has a very decent profitability rating, which 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)1.76
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

  • O has a Yearly Dividend Yield of 5.11%, which is a nice return.
  • O's Dividend Yield is comparable with the industry average which is at 6.81.
  • Compared to an average S&P500 Dividend Yield of 1.79, 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 been paying a dividend for at least 10 years, so it has 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

  • 298.20% of the earnings are spent on dividend by O. 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, 5:54:10 PM)

After market: 64.38 -0.12 (-0.19%)

64.5

+0.6 (+0.94%)

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 Cap59.33B
Revenue(TTM)5.60B
Net Income(TTM)962.12M
Analysts68.67
Price Target64.88 (0.59%)
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 59.72
Fwd PE 39.43
P/S 10.59
P/FCF N/A
P/OCF 15.77
P/B 1.52
P/tB 2.1
EV/EBITDA 17.42
EPS(TTM)1.08
EY1.67%
EPS(NY)1.64
Fwd EY2.54%
FCF(TTM)-1.19
FCFYN/A
OCF(TTM)4.09
OCFY6.34%
SpS6.09
BVpS42.45
TBVpS30.72
PEG (NY)1.76
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
WACC7.19%
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.