Realty Income forward PE O

Share price divided by analysts' consensus earnings for the next twelve months, since 2004.

Today, Oct 23, 2026: 35.4×
10-year median: 42.6×
Against its 10-year history: 2nd; percentile: 0 is its lowest day, 100 its highest
10-year range: 31.5× to 59.6×
Peer median: 32.2×

Realty Income's forward PE is 35.4× as of Oct 23, 2026.

That is below its ten-year median of 42.6×, lower than on 98% of days in the last ten years.

Over that time it ranged from 31.5× in Apr 2020 to 59.6× in Feb 2020.

The median for 10 real estate stocks of a similar size is 32.2×.

Forward PE over time

median 42.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	35.4×	33.5×	41.6×
2025	35.6×	35.4×	40.6×
2024	36.9×	35.5×	45.6×
2023	40.1×	34.8×	52.1×
2022	48.4×	42.1×	56.6×
2021	50.2×	40.0×	50.2×
2020	42.4×	31.5×	59.6×
2019	52.9×	45.4×	58.5×
2018	46.1×	36.1×	48.2×
2017	42.2×	39.5×	48.6×
2016	45.6×	43.2×	56.8×
2015	43.9×	38.5×	55.9×
2014	50.3×	43.5×	51.0×
2013	43.6×	42.8×	65.9×
2012	45.2×	31.5×	45.8×
2011	31.6×	26.9×	31.9×
2010	31.0×	26.9×	33.4×
2009	26.7×	16.5×	28.7×
2008	25.8×	18.9×	32.3×
2007	23.6×	16.6×	26.1×

Against its peers

Companies in Real Estate nearest Realty Income's size, closest first, today.

Company	Forward PE
ORealty Income	35.4×
PSAPublic Storage	31.8×
VMRKVivmark Residential	n/m
DLRDigital Realty Trust	75.9×
VTRVentas	120×
SPGSimon Property	30.5×
CCICrown Castle	32.2×
CBRECBRE	15.4×
AMTAmerican Tower	27.9×
IRMIron Mountain	43.1×
EQIXEquinix	55.2×
Peer median	32.2×

Where Realty Income ranks

#8of 14Real estate stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Realty Income

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.