NNN REIT, Inc. (NNN)vsRealty Income Corporation (O)
NNN
NNN REIT, Inc.
$44.96
+2.23%
REAL ESTATE · Cap: $8.86B
O
Realty Income Corporation
$60.84
+1.82%
REAL ESTATE · Cap: $55.69B
Smart Verdict
WallStSmart Research — data-driven comparison
Realty Income Corporation generates 534% more annual revenue ($5.93B vs $935.78M). NNN leads profitability with a 41.4% profit margin vs 18.9%. NNN appears more attractively valued with a PEG of 4.80. O earns a higher WallStSmart Score of 60/100 (C).
NNN
Hold50
out of 100
Grade: D+
O
Buy60
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+39.4%
Fair Value
$71.14
Current Price
$44.96
$26.18 discount
Margin of Safety
-5.9%
Fair Value
$60.93
Current Price
$60.84
$0.09 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 41 of every $100 in revenue as profit
Strong operational efficiency at 60.6%
Reasonable price relative to book value
Reasonable price relative to book value
Strong operational efficiency at 45.5%
Large-cap with strong market position
Areas to Watch
4.1% revenue growth
Elevated debt levels
Weak financial health signals
Expensive relative to growth rate
ROE of 2.9% — below average capital efficiency
Weak financial health signals
Expensive relative to growth rate
Premium valuation, high expectations priced in
Comparative Analysis Report
WallStSmart ResearchBull Case : NNN
The strongest argument for NNN centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 41.4% and operating margin at 60.6%.
Bull Case : O
The strongest argument for O centers on Price/Book, Operating Margin, Market Cap. Profitability is solid with margins at 18.9% and operating margin at 45.5%. Revenue growth of 12.0% demonstrates continued momentum.
Bear Case : NNN
The primary concerns for NNN are Revenue Growth, Debt/Equity, Piotroski F-Score.
Bear Case : O
The primary concerns for O are Return on Equity, Piotroski F-Score, PEG Ratio. A P/E of 49.0x leaves little room for execution misses.
Key Dynamics to Monitor
NNN profiles as a value stock while O is a mature play — different risk/reward profiles.
NNN carries more volatility with a beta of 0.79 — expect wider price swings.
O is growing revenue faster at 12.0% — sustainability is the question.
O generates stronger free cash flow (848M), providing more financial flexibility.
Bottom Line
O scores higher overall (60/100 vs 50/100), backed by strong 18.9% margins and 12.0% revenue growth. NNN offers better value entry with a 39.4% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
NNN REIT, Inc.
REAL ESTATE · REIT - RETAIL · USA
National Retail Properties invests primarily in high-quality retail properties generally subject to long-term net leases.
Realty Income Corporation
REAL ESTATE · REIT - RETAIL · USA
Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Puerto Rico, and the United Kingdom that are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.
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