NYSE: O ยท Retail REITs
Realty Income (O) fair value and price range
As of 3 Oct 2026, Faircurve's model values Realty Income (O) at $55.58 a share. The stock last closed at $54.13, which puts the model's fair value 2.7% above the price. The inputs behind this valuation are under review, so no verdict is shown.
- The latest balance sheet shows far less debt than the quarter before, with no matching repayment.
Revalued . Price is the close of 2 Oct 2026. Realty Income Corporation.
What price range does the model give O?
The calibrated range for O over 63 trading days is $46.37 to $67.38. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own range is $50.72 to $60.93.
How does O compare with similar companies?
The companies in retail reits closest to Realty Income in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| SPG Simon Property Group, Inc. | $200.95 | $206.83 | +2.9% | Fairly valued |
| KIM Kimco Realty Corporation | $22.24 | $21.78 | -2.1% | Fairly valued |
| REG Regency Centers Corporation | $71.60 | $63.22 | -11.7% | Overvalued |
| FRT Federal Realty Investment Trust | $106.69 | $93.66 | -12.2% | Overvalued |
| BRX Brixmor Property Group Inc. | $27.39 | $30.53 | +11.5% | Undervalued |
| ADC Agree Realty Corporation | $65.88 | $51.08 | -22.5% | Overvalued |
| NNN NNN REIT, Inc. | $40.95 | $42.18 | +3.0% | Fairly valued |
| MAC The Macerich Company | $23.05 | $8.01 | -65.2% | Gap wider than 60% |
When does O report earnings, and how has the stock reacted?
Realty Income's next earnings report is scheduled for 2 Nov 2026. Companies can move their dates.
How O moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 1.1%.
| Report date | Two session move |
|---|---|
| 5 Aug 2026 | -0.9% |
| 6 May 2026 | -2.8% |
| 24 Feb 2026 | -1.0% |
| 3 Nov 2025 | -3.2% |
| 4 Aug 2025 | +1.1% |
| 5 May 2025 | -0.3% |
| 24 Feb 2025 | -1.5% |
| 4 Nov 2024 | -0.1% |
Realty Income at a glance
Known as "The Monthly Dividend Company," Realty Income is an S&P 500 corporation committed to delivering reliable monthly income to its shareholders.
- Market value
- $50.5B
- Sector
- Real Estate
- Industry
- Retail REITs
- Beta to the US market
- -0.02
- First valued by Faircurve
- 4 Jul 2026
How the fair value is worked out: the model values Realty Income three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for O was $55.97. As of 3 Oct 2026 it is $55.58, a change of -0.7%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Realty Income's valuation
Is Realty Income stock undervalued or overvalued?
Faircurve's model puts O's fair value at $55.58 a share against a last close of $54.13, as of 3 Oct 2026. The inputs behind this valuation are under review, so no verdict is shown.
What is O's fair value?
$55.58 a share as of 3 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $50.72 to $60.93.
What price range does the model give O?
$46.37 to $67.38 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does Realty Income report earnings next?
The next report is scheduled for 2 Nov 2026. Companies can move their dates.
How much has O moved on past earnings reports?
Across its last 8 reports the median two session move was 1.1%, ignoring direction. The largest was -3.2% around the report of 3 Nov 2025.
How confident is the model in this valuation?
The model's evidence grade for O is low. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.