Realty Income Corporation (O) fair value: what the stock is really worth
We calculate from audited financials what Realty Income Corporation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
Realty Income Corporation
O · US
Below-average quality, and trading another 101% above our fair value of $30.45.
As of Aug 30, 2026, the fair value of Realty Income Corporation is $30.45 per share against a price of $61.25, so the fair value sits 50% below the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 30, 2026
From 15 valuation models · updated 8 days ago
Share price −2.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($30.45). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- The models converge in a tight band ($29.33 to $30.45), unusually little disagreement for a valuation.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range $39.83 – $66.68 · fair‑value band $29.33 – $30.45 · the $61.25 price screens above the $30.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
Realty Income Corporation (O) currently trades at $61.25, while our model-based Fair Value estimate is $30.45, implying the stock looks roughly 101.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector. Bull case: the Growth DCF group reads highest at a median of $96.75 per share, and 4 of the 14 models we run sit above the $61.25 price. Bear case: the Multiples group reads lowest at $19.30, and 10 of the 14 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Realty Income Corporation generated revenue of $5.9B at a net margin of 18.9%. Revenue grew 12.0% year over year. It earns a return on equity of 2.8%. Net debt stands at $32.4B. Fundamentals as of Aug 30, 2026
Scenario range: $29.33 (bear) to $30.45 (bull), the price of $61.25 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 9% below its 52-week high and 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −47% fair-value upside, at −50%, O screens richer than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 15 models by family
Widest divergence: Growth DCF ($96.75) versus Multiples ($19.30). Highest evidence: Residual Income (76).
Notify me when O reaches fair value
Put O on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 59
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. They serve their clients as a full-service real estate capital provider. As of March 31, 2026, They have a portfolio of over 15,500 properties in all 50 states of the United States (U.S.), the United Kingdom (U.K.), and eight other countries in Europe.
Full company description
Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. They serve their clients as a full-service real estate capital provider. As of March 31, 2026, They have a portfolio of over 15,500 properties in all 50 states of the United States (U.S.), the United Kingdom (U.K.), and eight other countries in Europe. They are known as (The Monthly Dividend Company) and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since their founding, they have declared 671 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index for having increased dividend for over 31 consecutive years. The firm was founded and incorporated in 1969 in Maryland and is based in San Diego, California.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Realty Income Corporation reported revenue of $5.7B in FY2025 versus $2.1B in FY2021, a compound +28.9%/yr. Reported net income was $1.1B in FY2025, compounding +31.0%/yr from FY2021.
of which total revenue +19.4 % · buybacks/dilution −12.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
O screens 101% overvalued. Compare with Simon Property Group →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Realty Income's Industrial Expansion: Can it Lift Long-Term Returns?
- Realty Income Corp. (O) Down 1% Since Last Earnings Report: Can It Rebound?
Peer Group
REIT - Retail · 94 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Retail median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Realty Income Corporation deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Real Estate sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Real Estate
- Undervalued stocks: US Stocks
- Valuation of the USA market
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $212.32 | $84.26 | −60% |
| Unibail-Rodamco-Westfield SE URW | €103.40 | €98.09 | −5% |
| Kimco Realty Corporation KIM | $23.71 | $12.49 | −47% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.38 SGD | 0.9100 SGD | −62% |
| Scentre Group SCG | A$3.56 | A$3.34 | −6% |
| Regency Centers Corporation REG | $75.92 | $33.37 | −56% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$39.76 | HK$41.98 | +6% |
| Federal Realty Investment Trust FRT | $117.09 | $41.47 | −65% |
| Brixmor Property Group BRX | $29.50 | $12.34 | −58% |
| Agree Realty Corporation ADC | $73.20 | $38.85 | −47% |
Compare Realty Income Corporation with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Realty Income Corporation (O) overvalued or undervalued?
What is the fair value of O?
What is the quality score of O?
What is the price target for Realty Income Corporation (O)?
What is the Realty Income Corporation stock forecast for 2026?
What is the revenue of Realty Income Corporation (O)?
What is the net profit margin of O?
Does Realty Income Corporation pay a dividend?
What growth is priced into Realty Income Corporation (O)?
What discount rate (WACC) does the fair value of O use?
Watch Realty Income Corporation in the live analysis
One click puts Realty Income Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.