Realty Income Corp (O)

Real Estate Investment Trusts

Latest Price

$56.23

TTM P/E

41.04

Normalized P/E

48.83

TTM Div Yield

5.76%

Fwd Div Yield

5.76%

Book Value

42.41

P/B Ratio

1.33

Valuation metrics

EPS: $1.17

Book value / share: $42.23

Formula: √(22.5 × EPS × BVPS)

Graham Number

$33.34

41% downside

Norm. op. income: $1.2B (median of 5yr)

Tax rate: 7%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$11.95

79% downside

EPS: $1.17

Target P/E: 49×

Formula: EPS × P/E

P/E Fair Value

$57.33

+2% upside

79.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	112.93M	$7.00B	11.94%	+5.02M	2026-06-30
Vanguard Portfolio Management LLC	83.12M	$5.15B	8.78%	+1.88M	2026-06-30
State Street Corp	65.93M	$4.10B	6.97%	+2.17M	2026-06-30
Vanguard Capital Management LLC	60.85M	$3.77B	6.43%	+724.6K	2026-06-30
Geode Capital Management, LLC	31.27M	$1.96B	3.30%	+968.1K	2026-06-30
Bank of America Corp	19.12M	$1.18B	2.02%	+1.79M	2026-06-30
Morgan Stanley	14.44M	$894.0M	1.53%	-802.3K	2026-06-30
Dimensional Fund Advisors LP	13.48M	$835.0M	1.42%	+461.4K	2026-06-30
Charles Schwab Investment Management Inc	13.07M	$809.0M	1.38%	+880.6K	2026-06-30
Sixth Street Partners Management Company, L.P.	13.07M	$809.0M	1.38%	--	2026-06-30