Realty Income Pitch Deck

REALTY INCOME Significant Liquidity and Low Borrowing Costs Support Enhanced Financial Flexibility $2,518 $23 Liquidity(1) Revolver Availability, $2,330 Debt Obligations through 2023(3) (Net of $724mm borrowings under $1.5 billion commercial paper programs)(2) Excess Liquidity, $2,516 Cash & Equivalents, $188 Sources Mortgages Payable, $23 Uses Note: Values shown in millions. Uses: Excludes interest expense, ground leases paid by Realty Income or our clients, and commitments under construction contracts. (1) Liquidity excludes $1.3 billion of unsettled forward equity. (2) We use our revolving credit facility as a liquidity backstop for the repayment of the notes issued under our commercial paper program. The revolver has a $1 billion accordion feature, which is subject to obtaining lender commitments. During July 2022, our U.S. Dollar-denominated unsecured commercial paper program was amended to increase the maximum aggregate amount of outstanding notes from $1.0 billion to $1.5 billion and we established a new Euro-denominated unsecured commercial paper program, which permits us to issue additional unsecured commercial notes up to a maximum aggregate amount of $1.5 billion (or foreign currency equivalent) in U.S. dollars or other foreign currencies (3) Excluding revolver and commercial paper maturities. 35

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