Stock Analysis
Realty Income CorporationO
P/E 41.86×· 5Y range 35.78–96.16×· bottom 8% of history
Sector: Real Estate · Industry: Real Estate Investment Trusts
AnalystsHold32 analystsP/E 41.9× sits at the 8th percentile of its 5.086926762491444-year history.
Cash covers 2% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, cheap valuation
Strengths
- Quality90
- Growth82
Risks
- Financial Health11
Mixed business trading cheap — priced for skepticism.
Bull Case
- ✓Revenue CAGR 28.9% — durable top-line growth
- ✓P/E 41.9× at bottom 8% of 5-year history
What's happening with O
Profile
Strong earnings quality and growth; financial health lags behind.
How is each axis scored?
- Valuation57/100 · Moderate
- P/E vs own history (8th pct)25/25
- FCF yield (7.5%)20/25
- P/S (8.8x)12/25
- EV/EBIT (62.9x)0/25
- Growth82/100 · Strong
- Revenue CAGR (28.9%)25/25
- Net income CAGR (31.0%)25/25
- EPS CAGR 5Y (7.7%)12/25
- Fwd implied growth (27.7%)20/25
- Profitability55/100 · Moderate
- ROIC (1.4%)5/25
- ROE (3.0%)5/25
- Net margin (20.9%)25/25
- Operating margin (22.0%)20/25
- Financial Health11/100 · Weak
- Altman Z (0.07)3/25
- Current ratio (0.62)0/25
- Interest coverage (1.0x)3/25
- Net cash / debt (D/A 40%)5/25
- Quality90/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-2.68)25/25
- FCF conversion (316%)25/25
- Margin stability (σ 4.2%)25/25
- Moat56/100 · Moderate
- ROIC >12% years (0/5 yrs)0/25
- Median gross margin (20.3%)6/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 16.3%)25/25
Risk Flags
- ⚠Altman Z 0.1 — distress-zone balance sheet
- ⚠Interest coverage 1.0× — thin debt cushion
About Realty Income Corporation
Realty Income owns roughly 15,600 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Show more
Its properties are located in all 50 states and Puerto Rico and are leased to nearly 1,800 tenants from 92 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 20% of revenue.
Headquarters: SAN DIEGO, CA · Employees: 544 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
57CP/E (TTM)41.8xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 35.8x–96.2x · 8th pct
P/FCF1260.1xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield7.5%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 6.5%–8.0% · 80th pct
P/S (TTM)8.76xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 8.1x–18.2x · 3rd pct
EV/EBIT62.9xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 61.9x–80.5x · 4th pct
EV/Sales13.7xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E32.8xC
Grade C: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.26xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.34C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield5.68%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio236.4%D
Grade D: UnsustainableDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
55CROIC1.4%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE3.0%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA1.7%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin20.9%A
Grade A: HighNet Income / Revenue
Operating Margin22.0%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin20.1%D
Grade D: LowGross Profit / Revenue
FCF Margin66.1%A
Grade A: HighFCF / Revenue
True FCF Margin65.4%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
82ARevenue CAGR28.9%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR31.0%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)7.7%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth27.7%C
Grade C: MedAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+153.7%D
Grade D: DilutiveShare count change over 5Y
SBC / Net Income3.0%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.6%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
11EAltman Z-Score0.07D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.62xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.54xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage1.0xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment7.7yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT23.1xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity0.75xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.02xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
90A+Piotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.68A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion315.6%A
Grade A: StrongFCF / Net Income
Margin Stability4.2%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue2.7%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.08xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
McLaughlin Gregory Filed | McLaughlin Gregory | SellOpen market sale | -3475 | |
Hourihan Kimberly Filed | Hourihan Kimberly | Grant / award | +3.2K | |
Almodovar Priscilla Filed | Almodovar Priscilla | Grant / award | +3.2K | |
GILYARD REGINALD HAROLD Filed | GILYARD REGINALD HAROLD | Grant / award | +3.2K | |
Preusse Mary Hogan Filed | Preusse Mary Hogan | Grant / award | +3.2K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Chapman A. Larry Filed | Chapman A. Larry | Grant / award | +3.2K | |
Huskins Priya Cherian Filed | Huskins Priya Cherian | Grant / award | +3.2K | |
McLaughlin Gregory Filed | McLaughlin Gregory | Grant / award | +3.2K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
56CROIC >12% Years0/5 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)20.3%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor16.3%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$1.34
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.58
Cash & short-term investments per share (Finnhub)
Book Value / Share$41.80
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$31.33B
Total debt obligations (short + long term)
Cash & Equiv.$552.65M
Cash and short-term investments
Net Debt$30.78B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$41.93B
Shareholders' equity (book value)
Asset / Liability—
Total Assets / Total Liabilities
Market
Market Cap$53.04B
Current Market Capitalization
Beta0.66B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 16, 2026
Key Insights: Realty Income Corporation (O)
O is up 0.91% in after-hours trading. Piotroski F-Score of 6/9 indicates mixed fundamentals for Realty Income Corporation. Altman Z-Score of 0.07 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.68 suggests a low likelihood of earnings manipulation. Revenue has compounded at roughly 29% annually, with net income growing about 31% per year — a strong growth profile.
- Realty Income Corporation converts about 66% of revenue into free cash flow — strong cash generation.
- Takes ~7.7 years to repay net debt from free cash flow.
- Interest coverage of 1.0× leaves little room for earnings shocks.
- The stock currently yields 5.7% in dividends.
See how O ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all O moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 8 | After-hours | 54.09 | +1.39% | 2.13 |
| Oct 6 | After-hours | 54.35 | +1.08% | 2.06 |
| Oct 2 | Regular | 53.93 | +0.74% | 2.02 |
| Oct 2 | After-hours | 54.19 | +1.23% | 2.69 |
Frequently Asked Questions about O
What is the current Realty Income Corporation (O) stock price?
O is trading at $56.06 in after-hours trading, up 0.91% on the session. PreMarketPrice tracks O pre-market, intraday and after-hours prices.
Is O stock a buy right now?
PreMarketPrice's quantitative model rates Realty Income Corporation's financial health at 11/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is O stock overvalued?
Realty Income Corporation trades at a trailing P/E of 41.8 and our valuation score rates it 57/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Realty Income Corporation report earnings?
No confirmed earnings date is currently scheduled for O. The Earnings section lists recent reports and updates as dates are announced.
What sector does Realty Income Corporation operate in?
Realty Income Corporation operates in the Real Estate sector, within the Real Estate Investment Trusts industry. The Related Stocks section lists sector peers for comparison.
What does Realty Income Corporation do?
Realty Income owns roughly 15,600 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties.
About Realty Income Corporation (O) Stock
Realty Income Corporation (O) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry. As of the latest update, Realty Income Corporation is trading at $56.06, up 0.91% on the day with a market capitalization of $53.0 billion. The financial health score for O is 11/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for O stock.
O Stock Analysis & Key Metrics
On PreMarketPrice, you can track Realty Income Corporation (O) across multiple dimensions:
- Pre-market price & movement: Real-time O stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for O with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Realty Income Corporation across multiple reporting periods.
- Financial health score: A composite score of 11/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for O.
- Sector peers: Compare O against 5 other real estate stocks on key financial metrics.
Is O a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Realty Income Corporation (O) as an investment. The financial health score of 11/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Realty Income Corporation (O) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.