Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation
Which stocks are undervalued right now? Check free
Discover now →
Realty Income Corporation (R1IN34) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Realty Income Corporation BRL 55.21, price BRL 46.89, upside +17.7%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
- Add to watchlist
RI
Broad data
Sep 28, 2026
Realty Income Corporation
R1IN34 · SASpeculativeUpside exists, but weak quality makes the signal speculative.
✓Fair value R$55.21 · Undervalued (+17.7%)
!Quality 43/100
!Expensive Growth (revenue 5y +28.3 %/yr)
✓Solidly profitable · 18.9% net margin (TTM)
✓Moderate debt · generates free cash flow
✓1.9% dividend yield · Sustainable
!Moderate moat 59/100
!The models disagree: range R$24.44 to R$117.29
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range R$25.88 – R$58.32 · fair‑value band R$24.44 – R$117.29 · the R$46.89 price screens below the R$55.21 fair value. Dashed = 300-day average. As of Sep 28, 2026.
Company profile
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.
Show more
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.
Stock analysis
Realty Income Corporation (R1IN34) currently trades at R$46.89, while our model-based Fair Value estimate is R$55.21, implying the stock looks roughly 15.1% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of R$112.01 per share, and 5 of the 13 models we run sit above the R$46.89 price.
Bear case: the Multiples group reads lowest at R$16.66, and 8 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: R$24.44 (bear) to R$117.29 (bull), the price of R$46.89 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap R$312B (≈ $59.7B) · P/E ratio 52.9 · P/S ratio 9.73 · EPS (TTM) R$3.16 · Dividend yield 1.9% · Net margin 18.4% · Return on equity 2.8% · Return on assets (EBIT) 1.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −24% fair-value upside, at 18%, R1IN34 screens cheaper than that median.
Fair Value models
Bear R$24.44
Fair Value R$55.21
Bull R$117.29
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income
R$26.44
R$25.88
R$26.13
76
FCF DCF
R$53.58
R$98.28
R$240.64
73
Growth DCF
R$48.94
R$112.01
R$239.47
72
All 14 models by family
DCF Models
FCF DCF
R$53.58
R$98.28
R$240.64
73
5Y Revenue Exit
R$3.24
R$14.13
R$35.40
63
5Y EBITDA Exit
R$27.33
R$63.73
R$133.41
69
10Y Revenue Exit
R$17.47
R$43.68
R$56.80
66
10Y EBITDA Exit
R$35.25
R$93.90
R$198.56
63
Dividend Discount
Gordon GGM
R$24.82
R$51.61
R$81.87
66
DDM Multi-Stage
R$24.82
R$43.52
R$54.16
66
Multiples
P/S Multiple
R$12.49
R$16.66
R$20.82
58
P/B Multiple
R$12.49
R$16.66
R$20.82
55
EV/EBIT
n/a
n/a
R$0.3000
61
EV/EBITDA
R$16.85
R$30.59
R$44.33
65
Asset-Based
NCAV (Graham)
R$18.25
R$24.45
R$36.50
54
Growth DCF
Growth DCF
R$48.94
R$112.01
R$239.47
72
Economic Profit
Residual Income
R$26.44
R$25.88
R$26.13
76
Notify me when R1IN34 reaches fair value
Put R1IN34 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Overall quality
43/100
Of which business quality 41 · Market factors (momentum, volatility) 43
Profitability
28
Margins and returns on capital today
Quality Growth
53
Are margins and returns improving?
Cashflow
75
Earnings quality: real cash, not paper profit
Fin. Strength
38
Balance sheet, leverage, solvency risk
Investment
25
Disciplined investing over empire-building
Low Volatility
79
Calm price path (market factor)
Momentum
33
Price trend over the last 3–12 months (market factor)
52W Momentum
18
Distance to the 52-week high (market factor)
Net Issuance
16
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.3%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.3%
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.7%
Dividend (yield on the price)1.9%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.48% → 17%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −3.4% a year for the price and +2.6% for the forecasts.
Forecast 2026 (sales)+1.0%
Forecast 2027 (sales)+7.0%
Projected 2028 (sales)+6.4%
Projected 2029 (sales)+5.8%
Projected 2030 (sales)+5.1%
Watch R1IN34, get fair value alerts →
Recent news
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.
Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
- Realty Income (O) Stock Looks Fully Priced Despite Its 31% Three Year Gain
- Realty Income vs. Prologis: Which REIT Has the Winning Edge?
- Realty Income Corporation (O) Is a Trending Stock: Facts to Know Before Betting on It
- Is Realty Income (O) Cheap After Its New Europe Venture And Recent Slide?
Compare Realty Income Corporation with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Context: sector, industry, market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $200.76 | $114.08 | −43% |
| Kimco Realty Corporation KIM | $22.49 | $17.46 | −22% |
| Unibail-Rodamco-Westfield SE URW | €91.72 | €70.12 | −24% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.24 SGD | 1.38 SGD | −38% |
| Regency Centers Corporation REG | $73.23 | $38.95 | −47% |
| Scentre Group SCG | A$3.35 | A$3.49 | +4% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$37.02 | HK$38.68 | +4% |
| Federal Realty Investment Trust FRT | $108.29 | $40.55 | −63% |
| Brixmor Property Group BRX | $28.07 | $18.82 | −33% |
| Agree Realty Corporation ADC | $66.81 | $99.94 | +50% |
Explore undervalued stocks
More undervalued Real Estate stocks →
All undervalued stocks
TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
🥇 Backtested Best
🏆 Big Names
⭐ Top Rated
💎 Quality on Sale
🚀 Profitable Growth
🧊 Quality Compounders
💵 Dividend Stars
📈 Strong Momentum
📉 Fallen Angels
⚖️ Deeply Undervalued
🔍 Small-Cap Gems
🏰 Moat at a Fair Price
💼 Insider Buying
🎩 Buffett-Style Quality
📚 Peter Lynch GARP
🧮 Greenblatt Magic Formula
🛡️ Graham Defensive
Discover tools
Stock screenerFilter by region, size and sector
Compare toolTwo stocks side by side
Extrinsic Value Calculator…Calculator with industry benchmark
Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
Frequently asked questions
Is Realty Income Corporation (R1IN34) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of R$55.21 versus a price of R$46.89, about +18% upside (undervalued).
What is the fair value of R1IN34?
Our model-based fair value for Realty Income Corporation is R$55.21 (as of Sep 28, 2026), built from audited fundamentals. The current price: R$46.89.
What is the quality score of R1IN34?
Realty Income Corporation has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Realty Income Corporation (R1IN34)?
Our model-based price target is the fair value of R$55.21 (as of Sep 28, 2026) from 14 valuation models. Cautious scenario R$24.44, optimistic scenario R$117.29. It is a calculation from audited fundamentals, not an analyst target.
What is the Realty Income Corporation stock forecast for 2026?
Our models put fair value at R$55.21, about +18% upside versus a price of R$46.89 (undervalued). Cautious scenario R$24.44, optimistic scenario R$117.29. The calculation is refreshed regularly with new filings.
What is the revenue of Realty Income Corporation (R1IN34)?
Realty Income Corporation reported trailing-twelve-month revenue of about $5.9B (latest available figure, as of Sep 28, 2026).
Does Realty Income Corporation pay a dividend?
Realty Income Corporation currently shows a dividend yield of about 1.91% relative to its recent price (as of Sep 28, 2026).
What growth is priced into Realty Income Corporation (R1IN34)?
For today's price to be fair in a discounted-cash-flow model, Realty Income Corporation would have to grow free cash flow by -1.1 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.3 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of R1IN34 use?
Our models discount Realty Income Corporation at 11.4 %: a base by market capitalisation (large), damped by beta 0.73, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Realty Income Corporation that is -1.1 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Realty Income Corporation (R1IN34) delivered so far?
Over the past 5 years revenue at Realty Income Corporation grew +28.3 % a year. The price currently implies -1.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Realty Income Corporation (R1IN34) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Realty Income Corporation (-1.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Realty Income Corporation (R1IN34)?
The free-cash-flow yield on the price is 47.64 %: that much free cash flow Realty Income Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Realty Income Corporation (R1IN34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Realty Income Corporation it is R$55.21 per share (as of Sep 28, 2026), against a price of R$46.89. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Realty Income Corporation stock overvalued or undervalued in 2026?
As of Sep 28, 2026, R1IN34 trades below its calculated fair value: price R$46.89, fair value R$55.21, a gap of about +18% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of R1IN34?
No. The price is what the market pays today (R$46.89); the fair value is what the company's own numbers justify (R$55.21). For Realty Income Corporation the two are R$8.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Realty Income Corporation worth?
The market values Realty Income Corporation at about R$312B (market capitalisation, as of Sep 28, 2026). Per share that is R$46.89; our models calculate a fair value of R$55.21 per share.
What do the bullish and bearish scenarios say about R1IN34?
Our models span a range for Realty Income Corporation: cautious scenario R$24.44, base R$55.21, optimistic R$117.29 per share (as of Sep 28, 2026, price R$46.89). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is R1IN34 from its 52-week high?
Realty Income Corporation trades at R$46.89, about 20% below its 52-week high of R$58.32 and 2% above the low of R$46.14 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$55.21 is for.
Which stocks are comparable to Realty Income Corporation?
From the same area (Real Estate) we also value Simon Property Group, Kimco Realty Corporation, Unibail-Rodamco-Westfield SE, CapitaLand Integrated Commercial Trust (CICT or the Trust), among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Realty Income Corporation stock attractive at the current price?
The data as of Sep 28, 2026: price R$46.89, calculated fair value R$55.21 (+18%), Quality Score 43/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of R1IN34 calculated?
We run Realty Income Corporation through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$55.21, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Realty Income Corporation currently trades 15 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Realty Income Corporation (R1IN34)?
The closing price on Oct 2, 2026 was R$46.89. Our model-based fair value is R$55.21, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Realty Income Corporation right now?
The model range is unusually wide (R$24.44 to R$117.29). The outcome hinges heavily on assumptions, so read the point estimate with caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Realty Income Corporation
How large is the market capitalisation of Realty Income Corporation (R1IN34)?
The market capitalisation of Realty Income Corporation is R$312B (≈ $59.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Realty Income Corporation (R1IN34)?
The price-to-earnings ratio of Realty Income Corporation is 52.9 (as of Jul 19, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Realty Income Corporation (R1IN34)?
The price-to-sales ratio of Realty Income Corporation is 9.73 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Realty Income Corporation (R1IN34)?
Earnings per share at Realty Income Corporation are R$3.16 (price ÷ EPS = P/E 52.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Realty Income Corporation (R1IN34)?
The dividend yield of Realty Income Corporation is 1.9% (payout 28.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Realty Income Corporation (R1IN34)?
The net margin of Realty Income Corporation is 18.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Realty Income Corporation (R1IN34)?
The return on equity (ROE) of Realty Income Corporation is 2.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Realty Income Corporation (R1IN34)?
On an EBIT basis the return on assets of Realty Income Corporation is 1.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Realty Income Corporation (R1IN34)?
The operating margin of Realty Income Corporation is 45.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Realty Income Corporation (R1IN34)?
Revenue at Realty Income Corporation is growing +12.0% versus a year earlier (3y avg +19.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Realty Income Corporation (R1IN34)?
Earnings per share at Realty Income Corporation are growing +17.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Realty Income Corporation (R1IN34) carry?
The net debt of Realty Income Corporation is $28.4B (fiscal year 2025, ≈ 7.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Continue in the live analysis
Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.
Open the live analysis →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.