Realty Income Corporation (O) vs Ventas, Inc. (VTR)
A side-by-side comparison of Realty Income Corporation and Ventas, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Total return — O vs VTR
growth of $100 · dividends reinvested · last 10yO vs VTR: by the numbers
- •O is the larger company ($55.48B vs $43.75B market cap).
- •O pays the higher dividend yield (5.44% vs 2.24%).
Metrics side by side
Valuation
| Metric | O | VTR |
|---|---|---|
| P/E ratio | 43.43 | 166.63 |
| Forward P/E | 39.13 | 154.38 |
| P/S ratio | N/A | 6.79 |
| P/B ratio | 1.40 | 2.99 |
| EV / EBITDA | N/A | 24.66 |
| FCF yield | 3.93% | N/A |
For REITs like Realty Income Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Ventas, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | O | VTR |
|---|---|---|
| Gross margin | N/A | -2.58% |
| Operating margin | N/A | 12.94% |
| Net margin | N/A | 4.13% |
| ROE | N/A | 1.82% |
| ROIC | N/A | 2.81% |
Dividends
| Metric | O | VTR |
|---|---|---|
| Dividend yield | 5.44% | 2.24% |
| Payout ratio | 236.57% | 370.37% |
Realty Income Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Ventas, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | O | VTR |
|---|---|---|
| Revenue CAGR (5Y) | N/A | 11.91% |
| EPS CAGR (5Y) | 0.35% | -14.16% |
| FCF CAGR (5Y) | 13.20% | 0.22% |
| Total return CAGR (5Y) | 3.31% | 13.45% |
Frequently asked
- Does O or VTR pay a bigger dividend?
- O yields 5.44% and VTR yields 2.24% based on trailing dividends and the latest price.
- How have O and VTR total returns compared?
- Over the past 10 years, O delivered 4.46% and VTR delivered 7.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Realty Income & Ventas appear in these rankings
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 September 10, 2026.