National Retail Properties, Inc. vs Realty Income Corporation

Full side-by-side comparison — 2026

Data as of May 29, 2026 · Updated automatically

NNN Wins

Tie

O Wins

NNN

Price USD 44.55

P/E Ratio 22.0x

Div Yield 0.0539%

Beta 0.80

Sector Real Estate

O

Price USD 61.28

P/E Ratio 50.8x

Div Yield 0.0572%

Beta 0.76

Sector Real Estate

Price Overview

Metric	NNN	O
Current Price	44.55	61.28
Previous Close	44.51	61.28

Valuation

Metric	NNN	O
Trailing P/E	21.95	50.84
Forward P/E	21.44	36.03
Price / Book	1.95	1.48
Price / Sales	9.15	9.75
EV / EBITDA	15.86	17.17

Dividends & Income

Metric	NNN	O
Dividend Yield	0.0539%	0.0572%
Dividend Rate (Annual)	2.40	3.51
5-Year Avg Yield	5.15%	4.87%
Payout Ratio	1.1578%	2.6479%

Risk & Financial Health

Metric	NNN	O
Beta (Volatility)	0.80	0.76
Debt / Equity	110.44	73.47
Quick Ratio	0.11	1.05
Current Ratio	0.16	2.06

Growth & Profitability

Metric	NNN	O
Revenue Growth	0.0410%	0.1200%
Earnings Growth	-0.0270%	0.1790%
Return on Equity	0.0885%	0.0283%
Revenue / Share	4.97	6.46
Trailing EPS	2.05	1.22
Forward EPS	2.10	1.72

Analyst Targets

Metric	NNN	O
Analyst Mean Target	46.10	68.45
Analyst High Target	50.00	75.00
Analyst Low Target	44.00	61.50

Bottom Line: NNN vs O

Realty Income Corporation (O) leads on 10 of 19 comparable metrics.

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

Realty Income Corporation has a higher Earnings Growth (17.90% vs -2.70%), which indicates profits are growing more quickly

Realty Income Corporation has a higher Current Ratio (2.06 vs 0.16), which suggests stronger ability to cover short-term obligations

Realty Income Corporation has a higher Quick Ratio (1.05 vs 0.11), 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: 21.95

• Lower Forward P/E: 21.44

• Lower Price / Sales: 9.15

Best for Income Investors

• Higher 5-Year Avg Yield: 5.15%

• Lower Payout Ratio: 115.78%

O Realty Income Corporation

Best for Conservative Investors

• Lower Beta (Volatility): 0.76

• Lower Debt / Equity: 73.47

• Higher Quick Ratio: 1.05

Watch Out

O trades at 50.8x earnings vs NNN at 22.0x — a gap this large often reflects different growth expectations, not simple mispricing.

Analyst Upside / Downside

NNN

+3.5%

+11.7%

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. invests in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures. As of December 31, 2025, the Company owned 3,692 properties in all 50 states, the District of Columbia and Puerto Rico with a gross leasable area of approximately 39.6 million square feet and a weighted average remaining lease term of 10.2 years. NNN is one of only three publicly traded real estate investment trusts to have increased annual dividends for 36 or …

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. We serve our clients as a full-service real estate capital provider. As of December 31, 2025, we have a portfolio of over 15,500 properties in all 50 states of the United States (U.S.), the United Kingdom (U.K.), and eight other countries in Europe. We are known as (The Monthly Dividend Company) and have a mission to invest in people and places to deliver dependable …

View O details →

Frequently Asked Questions

Which has a better dividend yield, NNN or O?

Realty Income Corporation currently has the higher dividend yield. National Retail Properties, Inc. (NNN) yields 5.39% while Realty Income Corporation (O) yields 5.72%. 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 0.80 and Realty Income Corporation has a beta of 0.76. 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 22.0x earnings while Realty Income Corporation trades at 50.8x. 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 +3.5% upside and Realty Income Corporation has +11.7% 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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