On trailing earnings, AVB is cheaper: AVB trades at a 23.26 P/E and O at 51.41.

Which has grown faster, AVB or O?

Over the past five years, O grew revenue faster — AVB at a 6.36% CAGR versus O at 28.65%.

Does AVB or O pay a bigger dividend?

AVB yields 3.76% and O yields 5.16% based on trailing dividends and the latest price.

Is AVB or O more profitable?

AVB runs the higher net margin — AVB at 37.27% versus O at 18.94%.

Which has been the better investment, AVB or O?

Over the past 10-year, O delivered the higher annualized total return — AVB at 4.41% versus O at 4.90%. Past performance doesn't predict future results.

AvalonBay Communities, Inc. (AVB) vs Realty Income Corporation (O)

AVB leads on 7 of 13 compared metrics.

A side-by-side comparison of AvalonBay Communities, Inc. and Realty Income Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AVB

AvalonBay Communities, Inc.

$26.53B

$187.03Real Estate

Realty Income Corporation

$58.49B

$62.72Real Estate

Total return — AVB vs O

growth of $100 · last 30y

AVB +633.5%O +520.4%AVB compounded faster

AVB O

AVB vs O: by the numbers

•O is the larger company ($58.49B vs $26.53B market cap).
•AVB trades at the lower earnings multiple (23.26 vs 51.41 P/E).
•AVB converts more revenue to profit (37.27% vs 18.94% net margin).
•O grew revenue faster over the past five years (28.65% vs 6.36% CAGR).
•O pays the higher dividend yield (5.16% vs 3.76%).

Which is better, AVB or O?

Metric tally: AVB 7 · O 6

It depends on what you're optimizing for:

ValueAVB(lower P/E)

GrowthO(faster 5Y revenue CAGR)

IncomeO(higher dividend yield)

QualityO(higher ROIC)

Valuation

Metric	AVB	O
P/E ratio	23.26●	51.41
Forward P/E	34.15●	34.95
P/S ratio	8.60●	9.59
P/B ratio	2.29	1.45●
PEG ratio	4.98	2.49●
EV / EBITDA	17.86●	20.50

Profitability

Metric	AVB	O
Gross margin	67.92%	68.62%
Operating margin	29.15%	29.27%
Net margin	37.27%●	18.94%
ROE	9.94%●	2.86%
ROIC	4.28%	24.52%●

Dividends

Metric	AVB	O
Dividend yield	3.76%	5.16%●
Payout ratio	95.00%	276.67%

Growth (annualized)

Metric	AVB	O
Revenue CAGR (5Y)	6.36%	28.65%●
EPS CAGR (5Y)	4.67%●	0.35%
Total return CAGR (5Y)	0.64%	3.50%●

Frequently asked

Which is better, AVB or O?: It depends on your goal. value: AVB (lower P/E); growth: O (faster 5Y revenue CAGR); income: O (higher dividend yield); quality: O (higher ROIC). Across all compared metrics, AVB leads 7 to 6.
Is AVB or O cheaper?: On trailing earnings, AVB is cheaper: AVB trades at a 23.26 P/E and O at 51.41.
Which has grown faster, AVB or O?: Over the past five years, O grew revenue faster — AVB at a 6.36% CAGR versus O at 28.65%.
Does AVB or O pay a bigger dividend?: AVB yields 3.76% and O yields 5.16% based on trailing dividends and the latest price.
Is AVB or O more profitable?: AVB runs the higher net margin — AVB at 37.27% versus O at 18.94%.
Which has been the better investment, AVB or O?: Over the past 10-year, O delivered the higher annualized total return — AVB at 4.41% versus O at 4.90%. Past performance doesn't predict future results.

Go deeper

Full AVB analysis Full O analysis Interactive comparison tool

Dig into the metrics

AvalonBay Communities P/E ratio Realty Income P/E ratio AvalonBay Communities dividend yield Realty Income dividend yield AvalonBay Communities ROE Realty Income ROE AvalonBay Communities operating margin Realty Income operating margin AvalonBay Communities revenue growth Realty Income revenue growth AvalonBay Communities free cash flow Realty Income free cash flow

AvalonBay Communities & Realty Income appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Fastest Revenue Growth Stocks Highest ROIC Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.