Superior Stability and Dividend Growth slide image

Superior Stability and Dividend Growth

REALTY INCOME Stable Earnings and Low Dividend Volatility Supports Low Share Price Volatility 25% 20% ANNUAL TOTAL SHAREHOLDER RETURN AMONG S&P 500 COMPANIES: Downside Volatility Since 1994(1) 15% Realty Income's TSR Downside Volatility since 10% 1994 NYSE Listing is 3.5%, the sixth-lowest of all S&P 500 constituents (2) 5% Realty Income is among bellwether names, such as JNJ, CHD, AZO, ROST, SO distinguished by their earnings predictability, cash flow durability, and balance sheet quality. 90 0% 1st Decile 2nd Decile 3rd Decile 4th Decile 5th Decile 6th Decile 7th Decile 8th Decile 9th Decile 10th Decile S&P 500 DECILES Source: Bloomberg (1) "Downside volatility" calculated as the standard deviation of annual total shareholder returns where positive values are assigned "O" value. (2) n=257 S&P 500 constituents with trading histories dating to Realty Income's 1994 NYSE listing as of 12/31/21. 12
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