Brixmor Property Group Inc (BRX) is overvalued and Realty Income Corp (O) is undervalued.
Against our estimates of intrinsic value, O trades at the wider discount: a margin of safety of +54%, against -81% for BRX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $15.49; the price of $27.96 is 81% above that value, and 79% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $123.83; the price of $56.53 is 54% below that value, and 78% of that value comes from beyond year five.
Leak Score 60/100 on 7 of 12 signals
| Metric | BRX | O |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $27.96 | $56.53 |
| Intrinsic value | $15.49 | $123.83 |
| Margin of safety | -81% | +54% |
| Leak Score | 14/100 (3/12) | 60/100 (7/12) |
| Market cap | $8.6B | $53.5B |
| Revenue growth, 5 years | 5.4% | 27.8% |
| Operating margin | 36.8% | 45.6% |
| Net margin | 30.7% | 20.9% |
| Return on equity | 14.5% | 3.2% |
| Debt to equity | 1.83 | 0.83 |
| P/E | 19.9x | 41.4x |
| Forward P/E | 27.6x | 33.5x |
| P/B | 2.8x | 1.4x |
| Dividend yield | 4.5% | 5.8% |