NNN REIT, Inc. (NNN)vsRealty Income Corporation (O)
NNN
NNN REIT, Inc.
$43.87
+0.05%
REAL ESTATE · Cap: $8.46B
O
Realty Income Corporation
$59.50
-0.12%
REAL ESTATE · Cap: $56.30B
Smart Verdict
WallStSmart Research — data-driven comparison
Realty Income Corporation generates 536% more annual revenue ($6.07B vs $953.25M). NNN leads profitability with a 40.4% profit margin vs 20.9%. O appears more attractively valued with a PEG of 3.01. O earns a higher WallStSmart Score of 64/100 (C+).
NNN
Buy54
out of 100
Grade: C-
O
Buy64
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+39.6%
Fair Value
$71.36
Current Price
$43.87
$27.49 discount
Margin of Safety
-5.5%
Fair Value
$61.16
Current Price
$59.50
$1.66 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 40 of every $100 in revenue as profit
Strong operational efficiency at 61.7%
Reasonable price relative to book value
Reasonable price relative to book value
Strong operational efficiency at 47.0%
Earnings expanding 69.2% YoY
Conservative balance sheet, low leverage
Large-cap with strong market position
Keeps 21 of every $100 in revenue as profit
Areas to Watch
Elevated debt levels
Weak financial health signals
Expensive relative to growth rate
Earnings declined 3.7%
ROE of 3.3% — 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 40.4% and operating margin at 61.7%.
Bull Case : O
The strongest argument for O centers on Price/Book, Operating Margin, EPS Growth. Profitability is solid with margins at 20.9% and operating margin at 47.0%.
Bear Case : NNN
The primary concerns for NNN are Debt/Equity, Piotroski F-Score, PEG Ratio.
Bear Case : O
The primary concerns for O are Return on Equity, Piotroski F-Score, PEG Ratio. A P/E of 43.4x leaves little room for execution misses.
Key Dynamics to Monitor
NNN carries more volatility with a beta of 0.77 — expect wider price swings.
O is growing revenue faster at 9.6% — sustainability is the question.
NNN generates stronger free cash flow (-288M), providing more financial flexibility.
Monitor REIT - RETAIL industry trends, competitive dynamics, and regulatory changes.
Bottom Line
O scores higher overall (64/100 vs 54/100), backed by strong 20.9% margins. NNN offers better value entry with a 39.6% 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.
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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