Superior Stability and Dividend Growth slide image

Superior Stability and Dividend Growth

Curating Best-in-Class Portfolio Through Thoughtful Investment Process Supported by Proprietary Data From Over 11,200 Properties REALTY INCOME RESEARCH AND STRATEGY REVIEW OF REAL ESTATE FUNDAMENTALS ANALYSIS OF CLIENT FINANCIAL STRENGTH INVESTMENT COMMITTEE DISCUSSION AND DECISION SELECTIVITY: < 5% $34 BILLION YTD 2022 SOURCED OPPORTUNITIES $1.6 BILLION YTD 2022 ACQUISITIONS VOLUME Considerations Include: • Market & Location • Surrounding Demographics Key Insights: • Strategic Objectives: Identify "Mega Trends" • Research Geographies, Industries and Prospective Clients • • Traffic Counts, Access & Signage • . "Big Data" Analysis of • Rent Relative to Market New and Existing Industries • Construct Optimal Portfolio Price vs Replacement Cost Lease Term & Rent Escalators Alternative Use and Fungibility IRR Scenario Analysis Long-Term Industry Trends Competitive Landscape Corporate Financial Profile ⚫ Client's Long-Term Growth Strategy • Store-Level Performance • ESG Metrics Discussion Points: • Fit in Portfolio and Company Strategy Consideration of Overall Opportunity Pricing and Other Deal Terms Investment Spreads and Long-Term IRR vs Long- Term WACC 26 26
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