Realty Income Corporation (O)vsTanger Factory Outlet Centers Inc (SKT)
O
Realty Income Corporation
$60.06
-0.66%
REAL ESTATE · Cap: $56.58B
SKT
Tanger Factory Outlet Centers Inc
$33.95
-0.29%
REAL ESTATE · Cap: $3.90B
Smart Verdict
WallStSmart Research — data-driven comparison
Realty Income Corporation generates 868% more annual revenue ($5.76B vs $595.14M). SKT leads profitability with a 19.3% profit margin vs 18.4%. SKT appears more attractively valued with a PEG of 4.14. O earns a higher WallStSmart Score of 64/100 (C+).
O
Buy64
out of 100
Grade: C+
SKT
Buy61
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-17.8%
Fair Value
$54.76
Current Price
$60.06
$5.30 premium
Margin of Safety
+16.4%
Fair Value
$40.47
Current Price
$33.95
$6.52 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 47.0%
Large-cap with strong market position
Earnings expanding 41.2% YoY
Generating 1.2B in free cash flow
Strong operational efficiency at 31.4%
Earnings expanding 21.3% YoY
Areas to Watch
ROE of 2.7% — below average capital efficiency
Weak financial health signals
Expensive relative to growth rate
Premium valuation, high expectations priced in
Premium valuation, high expectations priced in
Expensive relative to growth rate
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : O
The strongest argument for O centers on Price/Book, Operating Margin, Market Cap. Profitability is solid with margins at 18.4% and operating margin at 47.0%. Revenue growth of 11.0% demonstrates continued momentum.
Bull Case : SKT
The strongest argument for SKT centers on Operating Margin, EPS Growth. Profitability is solid with margins at 19.3% and operating margin at 31.4%. Revenue growth of 13.9% demonstrates continued momentum.
Bear Case : O
The primary concerns for O are Return on Equity, Piotroski F-Score, PEG Ratio. A P/E of 51.7x leaves little room for execution misses.
Bear Case : SKT
The primary concerns for SKT are P/E Ratio, PEG Ratio, Altman Z-Score.
Key Dynamics to Monitor
SKT carries more volatility with a beta of 1.17 — expect wider price swings.
SKT is growing revenue faster at 13.9% — sustainability is the question.
O generates stronger free cash flow (1.2B), providing more financial flexibility.
Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
O scores higher overall (64/100 vs 61/100), backed by strong 18.4% margins and 11.0% revenue growth. SKT offers better value entry with a 16.4% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
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.
Tanger Factory Outlet Centers Inc
REAL ESTATE · REIT - RETAIL · USA
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.
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