Realty Income Pitch Deck

Historically Stable Cash Flows Supported by High- Quality Real Estate Portfolio REALTY INCOME Industry-Leading Occupancy Levels, Consistent During Various Economic Cycles 99.5% 98.4% 0 Median of S&P 500 REITS (1) ...O Historical Median -----S&P 500 REIT Historical Median 98.5% 98.7% 98.2% 97.7% 98.1% 97.9% 97.9% 98.2% 98.4% 98.4% 98.3% 98.4% 98.6% 98.6% 97.9% 98.5% 98.9% 98.2% 97.0% 96.8% 96.7% 97.2% 96.6% 94.0% 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 Prudent disposition activity 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 (1) Based on the publicly available information as of 9/30/22. Excludes the S&P 500 non-property REITs. Occupancy calculated by number of properties. Lease expiration schedule represents percentage of total portfolio annualized contractual rent. Q3 2022 10 40

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