O
Realty Income Corporation
REIT - Retail
Market Cap$57.62B
5Y Perf.+15.4%
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Stock Comparison
O vs WELL
Revenue, margins, valuation, and 5-year total return — side by side.
WELL
Welltower Inc.
REIT - Healthcare Facilities
Market Cap$149.25B
5Y Perf.+320.4%
O vs WELL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | O | WELL |
|---|---|---|
| Industry | REIT - Retail | REIT - Healthcare Facilities |
| Market Cap | $57.62B | $149.25B |
| Revenue (TTM) | $5.92B | $11.63B |
| Net Income (TTM) | $800M | $1.43B |
| Gross Margin | 68.6% | 39.1% |
| Operating Margin | 29.3% | 4.4% |
| Forward P/E | 37.1x | 78.4x |
| Total Debt | $32.85B | $21.38B |
| Cash & Equiv. | $435M | $5.03B |
O vs WELL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
O
WELL
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Realty Income Corpo… (O) | 100 | 115.4 | +15.4% |
| Welltower Inc. (WELL) | 100 | 420.4 | +320.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: O vs WELL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: O leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Welltower Inc. is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
O
Realty Income Corporation
The Real Estate Income Play
O carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 14 yrs, beta 0.09, yield 5.2%
- Lower volatility, beta 0.09, Low D/E 81.9%, current ratio 0.51x
- Beta 0.09, yield 5.2%, current ratio 0.51x
Best for: income & stability and sleep-well-at-night
WELL
Welltower Inc.
The Real Estate Income Play
WELL is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 35.8%, EPS growth -11.5%, 3Y rev CAGR 22.7%
- 223.1% 10Y total return vs O's 45.1%
- 35.8% FFO/revenue growth vs O's 9.1%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | WELL | 35.8% FFO/revenue growth vs O's 9.1% |
| Value | O | Lower P/E (37.1x vs 78.4x) |
| Quality / Margins | O | 13.5% margin vs WELL's 12.3% |
| Stability / Safety | O | Beta 0.09 vs WELL's 0.13 |
| Dividends | O | 5.2% yield, 14-year raise streak, vs WELL's 1.3% |
| Momentum (1Y) | WELL | +42.7% vs O's +14.6% |
| Efficiency (ROA) | WELL | 2.3% ROA vs O's 1.1%, ROIC 0.5% vs 1.8% |
O vs WELL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
O vs WELL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLOLAGGINGWELL
WELLWelltower Inc.
2leads
ORealty Income Corpora…
3leads
6 Total Categories
CATEGORYLEADERvs WELLMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
O4/6
Valuation MetricsMultiples, price ratios, and targets
O6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
WELL6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
WELL6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
O2/2
Income & Cash Flow (Last 12 Months)
O leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WELL is the larger business by revenue, generating $11.6B annually — 2.0x O's $5.9B. Profitability is closely matched — net margins range from 13.5% (O) to 12.3% (WELL). On growth, WELL holds the edge at +40.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ORealty Income Cor… | WELLWelltower Inc. |
|---|---|---|
| RevenueTrailing 12 months | $5.9B | $11.6B |
| EBITDAEarnings before interest/tax | $4.2B | $2.8B |
| Net IncomeAfter-tax profit | $800M | $1.4B |
| Free Cash FlowCash after capex | $4.0B | $2.5B |
| Gross MarginGross profit ÷ Revenue | +68.6% | +39.1% |
| Operating MarginEBIT ÷ Revenue | +29.3% | +4.4% |
| Net MarginNet income ÷ Revenue | +13.5% | +12.3% |
| FCF MarginFCF ÷ Revenue | +67.1% | +21.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +12.2% | +40.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -103.6% | +22.5% |
O leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
O leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 52.8x trailing earnings, O trades at a 66% valuation discount to WELL's 153.3x P/E. On an enterprise value basis, O's 22.0x EV/EBITDA is more attractive than WELL's 66.4x.
| Metric | ORealty Income Cor… | WELLWelltower Inc. |
|---|---|---|
| Market CapShares × price | $57.6B | $149.2B |
| Enterprise ValueMkt cap + debt − cash | $90.0B | $165.6B |
| Trailing P/EPrice ÷ TTM EPS | 52.81x | 153.25x |
| Forward P/EPrice ÷ next-FY EPS est. | 37.13x | 78.42x |
| PEG RatioP/E ÷ EPS growth rate | 71.28x | — |
| EV / EBITDAEnterprise value multiple | 21.96x | 66.40x |
| Price / SalesMarket cap ÷ Revenue | 10.02x | 13.99x |
| Price / BookPrice ÷ Book value/share | 1.39x | 3.35x |
| Price / FCFMarket cap ÷ FCF | 14.91x | 52.41x |
O leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
WELL leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
WELL delivers a 3.5% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $2 for O. WELL carries lower financial leverage with a 0.49x debt-to-equity ratio, signaling a more conservative balance sheet compared to O's 0.82x. On the Piotroski fundamental quality scale (0–9), WELL scores 7/9 vs O's 5/9, reflecting strong financial health.
| Metric | ORealty Income Cor… | WELLWelltower Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +2.0% | +3.5% |
| ROA (TTM)Return on assets | +1.1% | +2.3% |
| ROICReturn on invested capital | +1.8% | +0.5% |
| ROCEReturn on capital employed | +2.4% | +0.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.82x | 0.49x |
| Net DebtTotal debt minus cash | $32.4B | $16.3B |
| Cash & Equiv.Liquid assets | $435M | $5.0B |
| Total DebtShort + long-term debt | $32.9B | $21.4B |
| Interest CoverageEBIT ÷ Interest expense | — | 0.26x |
WELL leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
WELL leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WELL five years ago would be worth $30,234 today (with dividends reinvested), compared to $11,694 for O. Over the past 12 months, WELL leads with a +42.7% total return vs O's +14.6%. The 3-year compound annual growth rate (CAGR) favors WELL at 42.5% vs O's 4.3% — a key indicator of consistent wealth creation.
| Metric | ORealty Income Cor… | WELLWelltower Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +9.7% | +14.3% |
| 1-Year ReturnPast 12 months | +14.6% | +42.7% |
| 3-Year ReturnCumulative with dividends | +13.6% | +189.5% |
| 5-Year ReturnCumulative with dividends | +16.9% | +202.3% |
| 10-Year ReturnCumulative with dividends | +45.1% | +223.1% |
| CAGR (3Y)Annualised 3-year return | +4.3% | +42.5% |
WELL leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — O and WELL each lead in 1 of 2 comparable metrics.
Risk & Volatility
O is the less volatile stock with a 0.09 beta — it tends to amplify market swings less than WELL's 0.13 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WELL currently trades 97.0% from its 52-week high vs O's 90.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ORealty Income Cor… | WELLWelltower Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.09x | 0.13x |
| 52-Week HighHighest price in past year | $67.94 | $219.59 |
| 52-Week LowLowest price in past year | $54.38 | $142.65 |
| % of 52W HighCurrent price vs 52-week peak | +90.9% | +97.0% |
| RSI (14)Momentum oscillator 0–100 | 53.9 | 60.2 |
| Avg Volume (50D)Average daily shares traded | 5.6M | 2.6M |
Evenly matched — O and WELL each lead in 1 of 2 comparable metrics.
Analyst Outlook
O leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates O as "Hold" and WELL as "Buy". Consensus price targets imply 6.3% upside for WELL (target: $227) vs 5.6% for O (target: $65). For income investors, O offers the higher dividend yield at 5.22% vs WELL's 1.30%.
| Metric | ORealty Income Cor… | WELLWelltower Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $65.25 | $226.50 |
| # AnalystsCovering analysts | 34 | 34 |
| Dividend YieldAnnual dividend ÷ price | +5.2% | +1.3% |
| Dividend StreakConsecutive years of raises | 14 | 2 |
| Dividend / ShareAnnual DPS | $3.23 | $2.76 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
O leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
O leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). WELL leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
Best OverallRealty Income Corporation (O)Leads 3 of 6 categories
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O vs WELL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is O or WELL a better buy right now?
For growth investors, Welltower Inc.
(WELL) is the stronger pick with 35. 8% revenue growth year-over-year, versus 9. 1% for Realty Income Corporation (O). Realty Income Corporation (O) offers the better valuation at 52. 8x trailing P/E (37. 1x forward), making it the more compelling value choice. Analysts rate Welltower Inc. (WELL) a "Buy" — based on 34 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — O or WELL?
On trailing P/E, Realty Income Corporation (O) is the cheapest at 52.
8x versus Welltower Inc. at 153. 3x. On forward P/E, Realty Income Corporation is actually cheaper at 37. 1x.
03Which is the better long-term investment — O or WELL?
Over the past 5 years, Welltower Inc.
(WELL) delivered a total return of +202. 3%, compared to +16. 9% for Realty Income Corporation (O). Over 10 years, the gap is even starker: WELL returned +223. 1% versus O's +45. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — O or WELL?
By beta (market sensitivity over 5 years), Realty Income Corporation (O) is the lower-risk stock at 0.
09β versus Welltower Inc. 's 0. 13β — meaning WELL is approximately 47% more volatile than O relative to the S&P 500. On balance sheet safety, Welltower Inc. (WELL) carries a lower debt/equity ratio of 49% versus 82% for Realty Income Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — O or WELL?
By revenue growth (latest reported year), Welltower Inc.
(WELL) is pulling ahead at 35. 8% versus 9. 1% for Realty Income Corporation (O). On earnings-per-share growth, the picture is similar: Realty Income Corporation grew EPS 19. 4% year-over-year, compared to -11. 5% for Welltower Inc.. Over a 3-year CAGR, WELL leads at 22. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — O or WELL?
Realty Income Corporation (O) is the more profitable company, earning 18.
4% net margin versus 8. 8% for Welltower Inc. — meaning it keeps 18. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: O leads at 28. 3% versus 3. 3% for WELL. At the gross margin level — before operating expenses — O leads at 89. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is O or WELL more undervalued right now?
On forward earnings alone, Realty Income Corporation (O) trades at 37.
1x forward P/E versus 78. 4x for Welltower Inc. — 41. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WELL: 6. 3% to $226. 50.
08Which pays a better dividend — O or WELL?
All stocks in this comparison pay dividends.
Realty Income Corporation (O) offers the highest yield at 5. 2%, versus 1. 3% for Welltower Inc. (WELL).
09Is O or WELL better for a retirement portfolio?
For long-horizon retirement investors, Welltower Inc.
(WELL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 13), 1. 3% yield, +223. 1% 10Y return). Both have compounded well over 10 years (WELL: +223. 1%, O: +45. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between O and WELL?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: O is a mid-cap income-oriented stock; WELL is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(O: 12.2% · WELL: 40.3%)Net Margin>
%
(O: 13.5% · WELL: 12.3%)P/E Ratio<
x
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