Growing International Portfolio
REALTY
Historically Stable Cash Flows Supported by High-Quality Real Estate Portfolio
Industry-Leading Occupancy (1) Levels,
Consistent During Various Economic Cycles
CONSISTENCY BY DESIGN:
Careful underwriting at acquisition
Long initial lease term
Strong underlying real estate quality
Strategy of owning "mission critical" locations
Diversified client industries with strong fundamentals
ā Prudent disposition activity
98.2%
98.5% 98.7%
99.0%
99.0%
97.7%
97.7%
98.1%
97.9%
97.9%
98.2% 98.4% 98.4% 98.3% 98.4% 98.6% 98.6%
98.5%
97.9%
98.2%
97.0% 96.8%
96.7%
97.2%
96.6%
2000
2001 2002 2003
2004 2005
2006
2007
2008
2009
2010
(2)
Median of S&P 500 REITS
2011 2012 2013
........O Historical Median
2014 2015 2016 2017
-----S&P 500 REIT Historical Median
2018
2019 2020
2021
2022 Q2 2023
(1) Occupancy calculated by number of properties.
(2) Based on publicly available information as of 6/30/23. Excludes the S&P 500 non-property REITs.
INCOME
94.2%
22View entire presentation