Realty Income stock
ONYSERealty Income Corporation, Real EstateISIN US7561091049
59Score 59 out of 100, Neutral
Price and trend
60 / 100
Price history
+4.2% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 3.2% below it.
Since September 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 70).
The price is 12% below its 52-week high. Largest decline in 20 years: 51% (November 2007 to March 2009).
Chart figures for advanced users
- SMA 50$56.98
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$61.55
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)70
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$53.35
- The lowest closing price of the last twelve months.
- Resistance$67.56
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Realty Income Corporation belongs to the REIT (Retail) industry (United States) and, with a market value of $56.65B, is number 2 of 37 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $5.75B (up 9.1% year on year) and earnings of $1.06B (up 23%).
- For fiscal 2026, analysts expect on average revenue of $5.69B (down 1%) and adjusted earnings per share of $1.53 (up 31.3%).
Show more
- MEQIRI Score 59 out of 100 (Neutral): rank 106 of 327 in Real Estate, median 55.
- The P/E is 41.7 (REIT (Retail) median 17.6, own median of recent years 49.7).
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $64.39, with the price 7% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 28.4% a year since 2020, REIT (Retail) median 8%.Growth 74
- Reliable dividendNo dividend cut for over 32 years.
- Earnings turn into cashFree cash flow 151% of earnings over the last 12 months.Fundamentals 80
Weaknesses
- DilutionShare count up 163% since 2020.Capital allocation 23
- Margin fallingOperating margin 28.3%, average of the prior years 44% (to 2024).Profitability 57
- Interest barely coveredOperating profit covers interest only 1.9 times.Stability 54
Its standout strengths are fundamentals and growth, while valuation and capital allocation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 58 to 59.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What lowers it
- solid fundamentals
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $53.66 and expensive above $80.49 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $69.23 (cash-flow model) and $59.55 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $58.79, at 7.8% it would be $72.77.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (13.8). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings, here following the industry rule (Nareit) from the filings with the SEC: gains on property sales are deducted where the company reports them in the standard items. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 5% of revenue, and less preferred dividends. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 8.6% on the twelve months before. Revenue has grown strongly since 2006, at around 18% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 90%, operating 28%, net 18%.
Debt & balance sheet
latest quarterDebt is moderate, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 23 Feb 2027in 103 days
- Last reported
- 2 Nov 2026EPS reported $0.43 (expected $0.41)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $1.53+0.4%
- Revenue
- $5.69B+0.1%
- Earnings per share
- $1.68+0.3%
- Revenue
- $6.02B+0.9%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +1.0%Realty Income slightly raised its 2026 AFFO per share guidance, now guides occupancy above 98.5% and lowered its credit loss assumption from 40 to about 30 basis points.
“We are also increasing our occupancy guidance to above 98.5%, reducing our nonreimbursable expense leakage guidance by 10 basis points at the midpoint to a range of 1.3% to 1.5% and lowering our expectation for credit loss from 40 basis points to approximately 30 basis points.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 2 Nov 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $209,022 in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- McLaughlin GregorySale
10 Sept 2026, Board
- Shares
- 3,475
- Price
- $60.15
- Value
- $209,022
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Realty Income
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 59
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Retail)
The next larger and next smaller companies by market value
- Simon Property GroupSPG $75.95B74
- Kimco RealtyKIM $17.02B65
- Unibail-Rodamco-WestfieldURW.PA $15.02B56
- Regency CentersREG $13.95B61
- Link Real Estate Investment Trust0823.HK $13.46B44
- Federal Realty Investment TrustFRT $9.83B63
- Brixmor Property GroupBRX $9.29B68
- Agree RealtyADC $9.08B62
ETFs that hold Realty Income
Held by 104 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| UBS FTSE EPRA Nareit Developed Green UCITS ETF USD disCSYZ | 6.42% | 0.25% | €207.23M |
| iShares US Property Yield UCITS ETFIQQ7 | 4.80% | 0.40% | €554.91M |
| VanEck Global Real Estate UCITS ETFTRET | 3.98% | 0.25% | €475.2M |
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| State Street SPDR Dow Jones Global Real Estate UCITS ETF (Dist)SPYJ | 3.30% | 0.40% | €329.7M |
| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 3.22% | 0.59% | €812.71M |
| Amundi FTSE EPRA NAREIT Global UCITS ETF Dist10AJ | 2.73% | 0.24% | €603.52M |
| HSBC FTSE EPRA NAREIT Developed UCITS ETFH4ZL | 2.71% | 0.24% | €3.36B |
| State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)SPYD | 2.26% | 0.35% | €3.62B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Dec 2013)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.