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STOCK COMPARISON

Realty Income vs Welltower: Fair Value & Quality

Both stocks run through our valuation models. Here is how Realty Income (O) and Welltower (WELL) compare, as of Sep 4, 2026.

As of Sep 4, 2026, Fair Value Calculator sees Realty Income as the less overvalued of the two: Realty Income trades at $61.74 versus a fair value of $30.45 (-51%), while Welltower trades at $241 versus $35.57 (-85%).
Realty Income
O · USD · Real Estate
-51%
upside to fair value
overvalued
Price$61.74
Fair Value$30.45
Quality48/100
Welltower
WELL · USD · Real Estate
-85%
upside to fair value
overvalued
Price$241
Fair Value$35.57
Quality42/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Realty IncomeWelltower
Valuation
50.6×P/E (TTM)112.4×
9.47×P/S (TTM)13.89×
1.42×P/B3.88×
15.8×EV/EBITDA59.4×
5.75×PEG3.62×
−50.7%Fair value upside−85.2%
5.2%Dividend yield1.2%
$3.23Dividend per share$2.96
Profitability
46%Operating margin18%
0.59×EBIT margin trend (5Y)0.21×
3%Return on equity4%
2%Return on assets1%
Growth
12%Revenue growth (YoY)38%
19.8%Avg. growth/yr (3Y)22.7%
28.4%Avg. growth/yr (5Y)18.4%
+4.1%Value creation/yr−8.9%
Balance & size
1.4×Interest coverage (EBIT/interest)0.5×
0.68×Debt / equity0.46×
$56BMarket cap$163B
healthyGrowth qualitymixed

Realty Income leads: 13 to 3 metric wins.

Dash = 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 Incomeof which business quality 49 · market factors 60 Welltowerof which business quality 45 · market factors 80
ProfitabilityMargins and returns on capital today
28
21
Quality GrowthAre margins and returns improving?
34
51
CashflowEarnings quality: real cash, not paper profit
100
98
Fin. StrengthBalance sheet, leverage, solvency risk
39
50
InvestmentDisciplined investing over empire-building
58
33
Low VolatilityCalm price path (market factor)
90
81
MomentumPrice trend over the last 3–12 months (market factor)
45
72
52W MomentumDistance to the 52-week high (market factor)
53
92
Net IssuanceBuybacks instead of dilution
24
0

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 $61.74WelltowerPrice $241
DCF Models+30%above the price$80.52-71%below the price$70.62
Dividend Discount-11%close to the price$55.11-81%below the price$46.81
Multiples-69%below the price$19.30-91%below the price$22.56
Asset-Based-54%below the price$28.34-83%below the price$39.99
Growth DCF+57%above the price$96.75-77%below the price$55.69
Economic Profit-51%below the price$29.99-83%below the price$41.32
Minimum-69%below the price$19.30-91%below the price$22.56
Maximum+57%above the price$96.75-71%below the price$70.62
Median-31%below the price$42.55-82%below the price$44.07
Geometric mean-29%below the price$43.78-82%below the price$43.59

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Realty Income: 10 of 14 models see the stock below the current price.

Welltower: 14 of 14 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Realty Income
Bear $29.33Fair Value $30.45Bull $30.45
$61.74 = current price (white tick)
Welltower
Bear $26.35Fair Value $35.57Bull $35.57
$241 = current price (white tick)

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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-51% · bottom 25%

Welltower · Real Estate

Quality score42 · bottom 25%
Fair value upside-85% · bottom 25%

Bottom line

As of Sep 4, 2026, Fair Value Calculator sees Realty Income as the less overvalued of the two: Realty Income trades at $61.74 versus a fair value of $30.45 (-51%), while Welltower trades at $241 versus $35.57 (-85%).

Realty Income has the higher quality score (48/100).

See the full analysis →
Realty Income · Welltower

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