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STOCK COMPARISON

Welltower vs Realty Income: Fair Value & Quality

Both stocks run through our valuation models. Here is how Welltower (WELL) and Realty Income (O) compare, as of Aug 13, 2026.

As of Aug 13, 2026, Fair Value Calculator sees Realty Income as the less overvalued of the two: Welltower trades at $226 versus a fair value of $35.88 (-84%), while Realty Income trades at $61.89 versus $30.71 (-50%).
Welltower
WELL · USD · Real Estate
-84%
upside to fair value
overvalued
Price$226
Fair Value$35.88
Quality42/100
Realty Income
O · USD · Real Estate
-50%
upside to fair value
overvalued
Price$61.89
Fair Value$30.71
Quality48/100

Head-to-head numbers

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

WelltowerRealty Income
Valuation
112.4×P/E (TTM)49.4×
13.89×P/S (TTM)9.47×
3.88×P/B1.42×
59.4×EV/EBITDA15.8×
3.62×PEG5.75×
1.3%Dividend yield5.3%
$2.96Dividend per share$3.23
Profitability
12%Net margin19%
18%Operating margin46%
4%Return on equity3%
1%Return on assets2%
Growth
38%Revenue growth (YoY)12%
22.7%Avg. growth/yr (3Y)19.8%
18.4%Avg. growth/yr (5Y)28.4%
Balance & size
0.46×Debt / equity0.68×
$163BMarket cap$56B
healthyGrowth qualityhealthy

Realty Income leads: 5 to 9 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.

Welltowerof which business quality 45 · market factors 74 Realty Incomeof which business quality 49 · market factors 61
ProfitabilityMargins and returns on capital today
21
28
Quality GrowthAre margins and returns improving?
51
34
CashflowEarnings quality: real cash, not paper profit
98
100
Fin. StrengthBalance sheet, leverage, solvency risk
50
39
InvestmentDisciplined investing over empire-building
33
58
Low VolatilityCalm price path (market factor)
81
89
MomentumPrice trend over the last 3–12 months (market factor)
65
46
52W MomentumDistance to the 52-week high (market factor)
79
55
Net IssuanceBuybacks instead of dilution
0
24

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Welltower

DCF Models$70.62
Dividend Discount$46.81
Multiples$22.56
Asset-Based$39.99
Growth DCF$55.69
Economic Profit$41.32

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

Realty Income

DCF Models$80.52
Dividend Discount$55.11
Multiples$19.30
Asset-Based$28.34
Growth DCF$96.75
Economic Profit$29.99

10 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.

Welltower
Bear $26.72Fair Value $35.88Bull $35.88
$226 = current price (white tick)
Realty Income
Bear $29.82Fair Value $30.71Bull $30.71
$61.89 = 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.

Welltower · Real Estate

Quality score42 · bottom 25%
Fair value upside-84% · bottom 25%

Realty Income · Real Estate

Quality score48 · below median
Fair value upside-50% · bottom 25%

Bottom line

As of Aug 13, 2026, Fair Value Calculator sees Realty Income as the less overvalued of the two: Welltower trades at $226 versus a fair value of $35.88 (-84%), while Realty Income trades at $61.89 versus $30.71 (-50%).

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

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.