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REALTY INCOME CORP O

NYSE · reit · Real Estate Investment Trusts · website · IPO 1994-10-18 · LEI

REALTY INCOME CORP statistics & valuation

P / E55.6×
P / S10.2×
P / B1.5×
Net margin18.4%
Graham number -46.3%$33.63

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($33.63); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
28.60% 26.20% 27.40% 29.30% 24.00% 17.30% 26.00% 21.40% 16.30% 18.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
4.60% 4.30% 4.50% 4.50% 3.60% 1.40% 3.00% 2.60% 2.20% 2.60% 2016201720182019202020212022202320242025
Shares outstanding
520.3M 568.4M 607.5M 667.2M 722.6M 591.3M 660.3M 752.5M 891.5M 934.0M 2016201720182019202020212022202320242025
Net debt ($)
$3.97B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.40% 2.30% 2.40% 2.40% 1.90% 0.80% 1.80% 1.50% 1.30% 1.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.59× 2016201720182019202020212022202320242025
EPS ($)
$0.63 $0.69 $0.57 $0.87 $1.42 $1.26 $0.98 $1.17 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

REALTY INCOME CORP trades at about 53.5× earnings — below its 10-year norm (10-year range 43.2×–110.1×, median 79.8×).

43.2× 110.1×

Shaded band = 10-year range (43.2×–110.1×); dot = today's 53.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin18.4%16.3%21.4%26.0%17.3%24.0%29.3%27.4%26.2%28.6%
Return on assets1.5%1.3%1.5%1.8%0.8%1.9%2.4%2.4%2.3%2.4%
Return on equity2.6%2.2%2.6%3.0%1.4%3.6%4.5%4.5%4.3%4.6%
Debt / equity0.59×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.