National Retail Properties, Inc. vs Realty Income Corporation

Full side-by-side comparison — 2026

Data as of Aug 14, 2026 · Updated automatically

10
NNN Wins
0
Tie
9
O Wins

NNN

Price USD 46.00
P/E Ratio 22.6x
Div Yield 0.0524%
Beta 0.78
Sector Real Estate

O

Price USD 62.74
P/E Ratio 45.8x
Div Yield 0.0515%
Beta 0.72
Sector Real Estate

Price Overview

Metric NNN O
Current Price 46.00 62.74
Previous Close 46.00 62.74

Valuation

Metric NNN O
Trailing P/E 22.57 45.80
Forward P/E 21.77 36.75
Price / Book 1.97 1.50
Price / Sales 9.14 9.79
EV / EBITDA 16.02 17.27

Dividends & Income

Metric NNN O
Dividend Yield 0.0524% 0.0515%
Dividend Rate (Annual) 2.42 3.24
5-Year Avg Yield 5.15% 4.87%
Payout Ratio 1.1787% 2.2688%

Risk & Financial Health

Metric NNN O
Beta (Volatility) 0.78 0.72
Debt / Equity 112.12 74.72
Quick Ratio 0.12 0.74
Current Ratio 0.18 1.53

Growth & Profitability

Metric NNN O
Revenue Growth 0.0770% 0.0960%
Earnings Growth -0.0370% 0.6920%
Return on Equity 0.0872% 0.0323%
Revenue / Share 5.05 6.56
Trailing EPS 2.03 1.37
Forward EPS 2.10 1.71

Analyst Targets

Metric NNN O
Analyst Mean Target 47.70 68.21
Analyst High Target 50.50 72.00
Analyst Low Target 45.00 61.50

Bottom Line: NNN vs O

National Retail Properties, Inc. (NNN) leads on 10 of 19 comparable metrics.

National Retail Properties, Inc. is the stronger pick for value investors, while Realty Income Corporation may appeal to conservative investors.

Realty Income Corporation has a higher Earnings Growth (69.20% vs -3.70%), which indicates profits are growing more quickly
Realty Income Corporation has a higher Current Ratio (1.53 vs 0.18), which suggests stronger ability to cover short-term obligations
Realty Income Corporation has a higher Quick Ratio (0.74 vs 0.12), which suggests better short-term liquidity

This comparison is based on publicly available financial data and is for informational purposes only. It is not investment advice. Past performance does not guarantee future results.

NNN National Retail Properties, Inc.

Best for Value Investors
• Lower Trailing P/E: 22.57
• Lower Forward P/E: 21.77
• Lower Price / Sales: 9.14
Best for Income Investors
• Higher Dividend Yield: 5.24%
• Higher 5-Year Avg Yield: 5.15%
• Lower Payout Ratio: 117.87%

O Realty Income Corporation

Best for Conservative Investors
• Lower Beta (Volatility): 0.72
• Lower Debt / Equity: 74.72
• Higher Quick Ratio: 0.74

Watch Out

O trades at 45.8x earnings vs NNN at 22.6x — a gap this large often reflects different growth expectations, not simple mispricing.

Analyst Upside / Downside

NNN
+3.7%
O
+8.7%

Based on analyst mean price targets. Estimates are not guaranteed and may not reflect future performance.

About These Companies

National Retail Properties, Inc. (NNN)

Real Estate · United States · NYQ

NNN REIT, Inc. is a REIT that invests in high-quality properties subjected generally to long-term, net leases with minimal ongoing capital expenditures. As of June 30, 2026, the Company owned 3,774 properties across 50 states, the District of Columbia and Puerto Rico, encompassing approximately 40.4 million square feet of gross leasable area, with a weighted average remaining lease term of 10.1 years. NNN REIT, Inc. was incorporated in August 1984 in Maryland and is based in Orlando, Florida.

View NNN details →

Realty Income Corporation (O)

Real Estate · United States · NYQ

Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. They serve their clients as a full-service real estate capital provider. As of March 31, 2026, they have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. They are known as (The Monthly Dividend Company) and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. …

View O details →

Frequently Asked Questions

Which has a better dividend yield, NNN or O?
National Retail Properties, Inc. currently has the higher dividend yield. National Retail Properties, Inc. (NNN) yields 5.24% while Realty Income Corporation (O) yields 5.15%. Past dividends do not guarantee future payments.
Which is more volatile, NNN or O?
National Retail Properties, Inc. is more volatile based on beta. National Retail Properties, Inc. has a beta of 0.78 and Realty Income Corporation has a beta of 0.72. A beta above 1.0 means higher volatility than the overall market.
Which is cheaper by P/E ratio, NNN or O?
National Retail Properties, Inc. has the lower trailing P/E ratio. National Retail Properties, Inc. trades at 22.6x earnings while Realty Income Corporation trades at 45.8x. A lower P/E may suggest better relative value, but could also reflect lower growth expectations.
Which has more analyst upside, NNN or O?
Based on mean analyst price targets, Realty Income Corporation has more upside potential. National Retail Properties, Inc. has +3.7% upside and Realty Income Corporation has +8.7% upside from current prices. Analyst estimates are not guaranteed.
Can I track both NNN and O in one portfolio?
Yes. AllInvestView lets you add both National Retail Properties, Inc. and Realty Income Corporation to the same portfolio and monitor price changes, dividends, total return, and allocation — completely free.

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