REALTY INCOME CORP (O)

Real Estate Investment Trusts

Latest Price

$63.87

TTM P/E

52.35

Normalized P/E

55.77

Div Yield

5.06%

Book Value

42.00

P/B Ratio

1.52

Valuation metrics

EPS: $1.17

Book value / share: $42.23

Formula: √(22.5 × EPS × BVPS)

Graham Number

$33.34

48% 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

81% downside

EPS: $1.17

Target P/E: 56×

Formula: EPS × P/E

P/E Fair Value

$65.52

+3% upside

73.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	107.91M	$6.60B	11.57%	+2.13M	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	81.23M	$4.97B	8.71%	--	2026-03-31
STATE STREET CORP	63.76M	$3.92B	6.84%	+203.3K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	60.12M	$3.68B	6.45%	--	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	30.30M	$1.87B	3.25%	+1.09M	2026-03-31
BANK OF AMERICA CORP /DE/	17.33M	$1.06B	1.86%	-308.6K	2026-03-31
MORGAN STANLEY	15.24M	$932.0M	1.63%	-3.05M	2026-03-31
PARNASSUS INVESTMENTS, LLC	14.14M	$865.0M	1.52%	-964.0K	2026-03-31
DIMENSIONAL FUND ADVISORS LP	13.02M	$796.0M	1.40%	+154.6K	2026-03-31
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	12.19M	$745.0M	1.31%	+392.7K	2026-03-31