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STOCK COMPARISON

Realty Income vs Prologis: Fair Value & Quality

Both stocks run through our valuation models. Here is how Realty Income (O) and Prologis (PLD) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees Realty Income as the more attractively valued of the two: Realty Income trades at $56.93 versus a fair value of $87.93 (+54.5%), while Prologis trades at $128 versus $64.21 (−49.8%).
Realty Income
O · USD · Real Estate
+54.5%
upside to fair value
undervalued
Price$56.93
Fair Value$87.93
Quality48/100
Fair ValueQualityUptrend
Prologis
PLD · USD · Real Estate
−49.8%
upside to fair value
overvalued
Price$128
Fair Value$64.21
Quality54/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Realty IncomePrologis
Valuation
41.4×P/E (TTM)27.8×
36.7×Forward P/E (FY2027)40.4×
47.1×Median P/E at FY-end (5 FY, ex one-offs where documented)n/a
8.81×P/S (TTM)12.40×
1.36×P/B2.31×
14.9×EV/EBITDA22.9×
2.85×PEG109.95×
+54.5%Fair value upside−49.8%
5.7%Dividend yield3.3%
$3.24Dividend per share$4.22
Profitability
47.0%Operating margin43.0%
0.59×EBIT margin trend (5Y)0.84×
3.2%Return on equity7.7%
1.5%Return on assets3.5%
Growth
9.6%Revenue growth (YoY)10.2%
19.8%Avg. growth/yr (3Y)13.7%
28.4%Avg. growth/yr (5Y)14.6%
+4.6%Value creation/yr+11.3%
Balance & size
1.4×Interest coverage (EBIT/interest)3.5×
0.68×Debt / equity0.66×
$53BMarket cap$123B
healthyGrowth qualityexpensive
Realty Income, median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2021, FY2024, FY2025 ex one-offs: 47.1.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Realty Income leads: 10 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Realty Income Prologis
ProfitabilityHow much profit the company makes from its sales and capital
28
36
Quality GrowthAre margins and returns getting better?
34
28
CashflowDo the profits arrive as real cash?
100
66
Financial strengthDebt, balance sheet and risk of trouble
39
45
InvestmentDoes it invest with discipline instead of growing at any price?
58
60
Low VolatilityHow calm the share price moves, does not count
90
62
MomentumPrice trend of the last 3 to 12 months, does not count
31
35
Near the 52-week highDistance to the 52-week high, does not count
33
36
New sharesBuys back shares or issues new ones?
24
81

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyRealty IncomePrice $56.93PrologisPrice $128
DCF Models+54.5%above the price$87.93−27.8%below the price$92.46
Dividend Discount+3.1%close to the price$58.68−52.8%below the price$60.42
Multiples−47.9%below the price$29.67−53.0%below the price$60.12
Asset-Based−57.2%below the price$24.37−71.0%below the price$37.09
Growth DCF+150.1%above the price$142−50.7%below the price$63.11
Economic Profit−47.1%below the price$30.11−64.4%below the price$45.58
Matching families6 of 6
Minimum−57.2%below the price$24.37−71.0%below the price$37.09
Maximum+150.1%above the price$142−27.8%below the price$92.46
Median−22.0%below the price$44.40−52.9%below the price$60.27
Geometric mean−11.8%close to the price$50.20−55.1%below the price$57.42
Ahead family by family6 of 60 of 6

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 6 of 6), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Realty Income is ahead in 6 of 6 shared families, Prologis in none.

Realty Income: 9 of 14 models see the stock below the current price.

Prologis: 16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Realty Income
Price $56.93
Fair Value $87.93
Bear $33.84Bull $160
Prologis
Price $128
Fair Value $64.21
Bear $38.73Bull $93.78

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Realty Income · Real Estate

Quality score48 · below median
Fair value upside+54.5% · above median

Prologis · Real Estate

Quality score54 · above median
Fair value upside−49.8% · bottom 25%

Bottom line

As of Oct 30, 2026, Fair Value Calculator sees Realty Income as the more attractively valued of the two: Realty Income trades at $56.93 versus a fair value of $87.93 (+54.5%), while Prologis trades at $128 versus $64.21 (−49.8%).

Prologis has the higher quality score (54/100).

Open Realty Income live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.