O vs. REG: Realty Income vs. Regency Centers Stock Comparison
How do Realty Income (O) and Regency Centers (REG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Realty Income (O) and Regency Centers (REG) are both classified in the Retail REITs sub-industry within the broader Retail REITs industry, placing them in the closest GICS peer bucket.
Both Realty Income (O) and Regency Centers (REG) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.
| Profile Item | O | REG |
|---|---|---|
| Name | Realty Income Corp. | Regency Centers Corporation |
| Country/Region | United States | United States |
| GICS Sector | Real Estate | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Retail REITs | Retail REITs |
| GICS Sub-Industry | Retail REITs | Retail REITs |
| Market Capitalization | 56.31 billion USD | 13.99 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | October 18, 1994 | October 29, 1993 |
| Security Type | REIT | REIT |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | O | REG |
|---|---|---|
| Total Return (1Y) | 10.34% | 12.94% |
| Total Return (3Y, Annualized) | 11.84% | 12.85% |
| Total Return (5Y, Annualized) | 2.34% | 4.68% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | O | REG |
|---|---|---|
| Volatility (1Y, Annualized) | 16.95% | 16.15% |
| Beta (5Y) | 0.63 | 0.79 |
| Max Drawdown (5Y) | -34.47% | -30.09% |
| Avg. Volume (3M) | 7.39M | 1.24M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | O | REG |
|---|---|---|
| Sharpe Ratio (1Y) | 0.36 | 0.54 |
| Sortino Ratio (1Y) | 0.52 | 0.82 |
Profitability
ROE (TTM)
Both Realty Income (O) at 3.48% and Regency Centers (REG) at 7.67% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
O
Equity Real Estate Investment Trusts (REITs) industry group
3.48%
- Max
- 22.74%
- Q3
- 10.54%
- Median
- 6.38%
- O
- 3.48%
- Q1
- 1.69%
- Min
- -10.86%
REG
Equity Real Estate Investment Trusts (REITs) industry group
7.67%
- Max
- 22.74%
- Q3
- 10.54%
- REG
- 7.67%
- Median
- 6.38%
- Q1
- 1.69%
- Min
- -10.86%
Net Margin (TTM)
Neither Realty Income (O) in Equity Real Estate Investment Trusts (REITs) nor Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Realty Income (O) in Equity Real Estate Investment Trusts (REITs) and Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | O | REG |
|---|---|---|
| ROE (TTM) | 3.48% | 7.67% |
| ROA (TTM) | 2.44% | 3.28% |
| Net Margin (TTM) | -- | -- |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Realty Income (O) at 9.07% and Regency Centers (REG) at 6.85% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
EPS growth isn't a meaningful figure for either Realty Income (O) in Equity Real Estate Investment Trusts (REITs) or Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs) under our convention.
Growth Metrics
| Metric | O | REG |
|---|---|---|
| Revenue Growth (YoY) | 9.07% | 6.85% |
| Revenue Growth (3Y CAGR) | 19.80% | 8.27% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Regency Centers (REG) at 1.03 keeps current ratio within its industry’s typical mid-range, while Realty Income (O) at 2.17 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
O
Equity Real Estate Investment Trusts (REITs) industry group
2.17
- Max
- 4.19
- O
- 2.17
- Q3
- 2.11
- Median
- 1.31
- Q1
- 0.62
- Min
- 0.06
REG
Equity Real Estate Investment Trusts (REITs) industry group
1.03
- Max
- 4.19
- Q3
- 2.11
- Median
- 1.31
- REG
- 1.03
- Q1
- 0.62
- Min
- 0.06
Debt / Equity (MRQ)
Both Realty Income (O) at 0.75 and Regency Centers (REG) at 0.72 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
O
Equity Real Estate Investment Trusts (REITs) industry group
0.75
- Max
- 2.72
- Q3
- 1.59
- Median
- 0.99
- O
- 0.75
- Q1
- 0.72
- Min
- 0.20
REG
Equity Real Estate Investment Trusts (REITs) industry group
0.72
- Max
- 2.72
- Q3
- 1.59
- Median
- 0.99
- REG
- 0.72
- Q1
- 0.72
- Min
- 0.20
Financial Strength Metrics
| Metric | O | REG |
|---|---|---|
| Current Ratio (MRQ) | 2.17 | 1.03 |
| Debt / Equity (MRQ) | 0.75 | 0.72 |
| Net Debt / EBITDA | 5.77 | 4.54 |
Dividends
Dividend Yield (TTM)
Both Realty Income (O) at 5.45% and Regency Centers (REG) at 3.96% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
O
Equity Real Estate Investment Trusts (REITs) industry group
5.45%
- Max
- 8.62%
- Q3
- 5.95%
- O
- 5.45%
- Median
- 4.34%
- Q1
- 3.26%
- Min
- 0.00%
REG
Equity Real Estate Investment Trusts (REITs) industry group
3.96%
- Max
- 8.62%
- Q3
- 5.95%
- Median
- 4.34%
- REG
- 3.96%
- Q1
- 3.26%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
An earnings-based payout ratio fits neither Realty Income (O) in Equity Real Estate Investment Trusts (REITs) nor Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.
Dividend Metrics
| Metric | O | REG |
|---|---|---|
| Dividend Yield (TTM) | 5.45% | 3.96% |
| Dividend Payout Ratio (TTM) | -- | -- |
Valuation
P/E Ratio (TTM)
P/E ratio is not a meaningful valuation yardstick for either Realty Income (O) in Equity Real Estate Investment Trusts (REITs) or Regency Centers (REG) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.
P/S Ratio (TTM)
Both Realty Income (O) at 9.06 and Regency Centers (REG) at 8.15 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
O
Equity Real Estate Investment Trusts (REITs) industry group
9.06
- Max
- 14.47
- O
- 9.06
- Q3
- 8.02
- Median
- 5.98
- Q1
- 3.27
- Min
- 0.43
REG
Equity Real Estate Investment Trusts (REITs) industry group
8.15
- Max
- 14.47
- REG
- 8.15
- Q3
- 8.02
- Median
- 5.98
- Q1
- 3.27
- Min
- 0.43
P/B Ratio (MRQ)
On P/B ratio, both Realty Income (O) at 1.42 and Regency Centers (REG) at 2.08 are valued close to their industries’ norm against book — neither stands out from peers.
O
Equity Real Estate Investment Trusts (REITs) industry group
1.42
- Max
- 4.06
- Q3
- 2.53
- Median
- 1.64
- O
- 1.42
- Q1
- 1.06
- Min
- 0.21
REG
Equity Real Estate Investment Trusts (REITs) industry group
2.08
- Max
- 4.06
- Q3
- 2.53
- REG
- 2.08
- Median
- 1.64
- Q1
- 1.06
- Min
- 0.21
Valuation Metrics
| Metric | O | REG |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 9.06 | 8.15 |
| P/B Ratio (MRQ) | 1.42 | 2.08 |
| Free Cash Flow Yield (TTM) | -- | -- |