Curating Best-in-Class Portfolio

Historically Stable Cash Flows Supported by High- Quality Real Estate Portfolio Industry-Leading Occupancy Levels, Consistent During Various Economic Cycles 0 (1) Median of S&P 500 REITS O Historical Median -----S&P 500 REIT Historical Median CONSISTENCY BY DESIGN: 99.5% 98.4% 98.2% 98.1% 97.9% 98.5% 98.7% 99.0% Careful underwriting at acquisition 97.9% 98.2% 98.4% 98.4% 98.3% 98.4% 98.6% 98.6% 98.5% 97.9% 98.2% Long initial lease term 97.0% 96.8% 96.7% 97.2% 96.6% Strong underlying real estate quality 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (1) Based on the publicly available information as of 12/31/22. 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. 94.4% REALTY INCOME Strategy of owning "mission critical" locations ✓ Diversified client industries with strong fundamentals ✓ Prudent disposition activity 48

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