Crystallizing Value Creation & Market Overview
Superior Stability Through Pandemic:
Realty Income Emerged Stronger and Better Positioned
REALTY INCOME
Despite volatility brought upon by the
pandemic, the overall portfolio and balance
sheet weathered the storm due to our
commitment to a prudent capital structure
and the resiliency of our portfolio.
Q3 2021
SIZE, SCALE AND LIQUIDITY
Enterprise Value (in billions)
Annualized Contractual Rent (in millions)
Available Liquidity (in millions)(1)
FY 2019
$32.5
$35.0
$1,553
$1,888
$2,350
$3,112
Fixed Charge Coverage Ratio
5.0x
6.1x
LEVERAGE AND DEBT MATURITY SCHEDULE
FY 2019
Q3 2021
Net Debt-to-EBITDAre
The highest FCCR in our
history
5.5x
5.0x
Total Debt/ Total Market Capitalization
24%
26%
Weighted Average Bonds Maturity (years)
Total Debt Due in the Next Two Years (in millions)(2)
AMPLE EXTERNAL GROWTH OPPORTUNITIES
Acquisition Volume Sourced (in billions)
FY 2019
$57
YTD 2021
8.3
8.3
$653
$882
$64
Selectivity
Annual Acquisitions Guidance (in billions)
7%
$3.25 to $3.50
< 6%
The highest acquisition
guidance ever provided
> $5.0
(4) Net of $405 million of commercial paper notes outstanding. Liquidity calculation excludes availability under the $1.0 billion commercial paper program. We use our unsecured revolving credit facility as a liquidity backstop for the repayment of the notes issued under this program.
(2) Excluding commercial paper and revolver maturities.
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