O vs. WELL: Realty Income vs. Welltower Stock Comparison
This page compares Realty Income (O) with Welltower (WELL) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | O | WELL |
|---|---|---|
| 1-Year Return | 14.25% | 43.19% |
Risk
Drawdown
Risk at a Glance
| Metric | O | WELL |
|---|---|---|
| 1-Year Volatility | 16.24% | 21.67% |
| Beta | 0.72 | 0.78 |
| 3-Month Avg. Volume | 5.86M | 3.23M |
Company Profile
Realty Income (O) and Welltower (WELL) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but O is classified in Retail REITs while WELL is classified in Health Care REITs.
Both Realty Income (O) and Welltower (WELL) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.
| Profile Item | O | WELL |
|---|---|---|
| Name | Realty Income Corporation | Welltower Inc. |
| 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 | Health Care REITs |
| GICS Sub-Industry | Retail REITs | Health Care REITs |
| Market Capitalization | 58.49 billion USD | 151.23 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 18, 1994 | March 19, 1980 |
| Security Type | REIT | REIT |
Valuation
Price-to-Earnings Ratio (TTM)
P/E ratio is not a meaningful valuation yardstick for either Realty Income (O) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.
Price-to-Sales Ratio (TTM)
Both Realty Income (O) at 9.86 and Welltower (WELL) at 12.85 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
9.86
- Max
- 15.01
- O
- 9.86
- Q3
- 8.66
- Median
- 6.65
- Q1
- 3.87
- Min
- 0.60
WELL
Equity Real Estate Investment Trusts (REITs) industry group
12.85
- Max
- 15.01
- WELL
- 12.85
- Q3
- 8.66
- Median
- 6.65
- Q1
- 3.87
- Min
- 0.60
Price-to-Book Ratio (MRQ)
Realty Income (O) at 1.49 is valued about in line with its industry on P/B ratio, while Welltower (WELL) at 3.54 carries an above-peer premium to book — WELL is pricier on assets.
O
Equity Real Estate Investment Trusts (REITs) industry group
1.49
- Max
- 4.20
- Q3
- 2.66
- Median
- 1.74
- O
- 1.49
- Q1
- 1.16
- Min
- 0.33
WELL
Equity Real Estate Investment Trusts (REITs) industry group
3.54
- Max
- 4.20
- WELL
- 3.54
- Q3
- 2.66
- Median
- 1.74
- Q1
- 1.16
- Min
- 0.33
Valuation at a Glance
| Metric | O | WELL |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | -- | -- |
| Price-to-Sales Ratio (TTM) | 9.86 | 12.85 |
| Price-to-Book Ratio (MRQ) | 1.49 | 3.54 |
| Free Cash Flow Yield | -- | -- |
Profitability
Return on Equity (TTM)
Both Realty Income (O) at 2.83% and Welltower (WELL) at 3.67% 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
2.83%
- Max
- 21.85%
- Q3
- 9.82%
- Median
- 5.84%
- O
- 2.83%
- Q1
- 1.39%
- Min
- -9.66%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
3.67%
- Max
- 21.85%
- Q3
- 9.82%
- Median
- 5.84%
- WELL
- 3.67%
- Q1
- 1.39%
- Min
- -9.66%
Net Profit Margin (TTM)
Neither Realty Income (O) in Equity Real Estate Investment Trusts (REITs) nor Welltower (WELL) 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 Profit Margin (TTM)
Neither side reports a meaningful operating margin: for Realty Income (O) in Equity Real Estate Investment Trusts (REITs) and Welltower (WELL) 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 at a Glance
| Metric | O | WELL |
|---|---|---|
| Return on Equity (TTM) | 2.83% | 3.67% |
| Return on Assets (TTM) | 2.31% | 0.74% |
| Net Profit Margin (TTM) | -- | -- |
| Operating Profit Margin (TTM) | -- | -- |
| Gross Profit Margin (TTM) | -- | -- |
Growth
Revenue Growth
Revenue Growth at a Glance
| Metric | O | WELL |
|---|---|---|
| 1-Year Revenue Growth | 9.07% | 35.82% |
| 3-Year Revenue CAGR | 19.80% | 22.69% |
EPS Growth
EPS Growth at a Glance
| Metric | O | WELL |
|---|---|---|
| 1-Year EPS Growth | -- | -- |
| 3-Year EPS CAGR | -- | -- |
Financial Strength
Current Ratio (MRQ)
Welltower (WELL) at 1.65 keeps current ratio within its industry’s typical mid-range, while Realty Income (O) at 2.06 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
2.06
- Max
- 4.00
- O
- 2.06
- Q3
- 1.92
- Median
- 1.04
- Q1
- 0.47
- Min
- 0.08
WELL
Equity Real Estate Investment Trusts (REITs) industry group
1.65
- Max
- 4.00
- Q3
- 1.92
- WELL
- 1.65
- Median
- 1.04
- Q1
- 0.47
- Min
- 0.08
Debt-to-Equity Ratio (MRQ)
Both Realty Income (O) at 0.73 and Welltower (WELL) at 0.44 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.
O
Equity Real Estate Investment Trusts (REITs) industry group
0.73
- Max
- 2.63
- Q3
- 1.55
- Median
- 1.04
- Q1
- 0.75
- O
- 0.73
- Min
- 0.19
WELL
Equity Real Estate Investment Trusts (REITs) industry group
0.44
- Max
- 2.63
- Q3
- 1.55
- Median
- 1.04
- Q1
- 0.75
- WELL
- 0.44
- Min
- 0.19
Financial Strength at a Glance
| Metric | O | WELL |
|---|---|---|
| Current Ratio (MRQ) | 2.06 | 1.65 |
| Debt-to-Equity Ratio (MRQ) | 0.73 | 0.44 |
| Net Debt / EBITDA | 5.72 | 5.11 |
Dividends
Dividend Yield (TTM)
Realty Income (O) at 5.18% pays a yield in its industry’s typical range, while Welltower (WELL) at 1.38% falls in the bottom quartile of its peers.
O
Equity Real Estate Investment Trusts (REITs) industry group
5.18%
- Max
- 8.05%
- Q3
- 5.81%
- O
- 5.18%
- Median
- 4.33%
- Q1
- 3.39%
- Min
- 0.00%
WELL
Equity Real Estate Investment Trusts (REITs) industry group
1.38%
- Max
- 8.05%
- Q3
- 5.81%
- Median
- 4.33%
- Q1
- 3.39%
- WELL
- 1.38%
- 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 Welltower (WELL) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.
Dividends at a Glance
| Metric | O | WELL |
|---|---|---|
| Dividend Yield (TTM) | 5.18% | 1.38% |
| Dividend Payout Ratio (TTM) | -- | -- |