Curating Best-in-Class Portfolio

Proven Track Record of Value-Add Asset and Portfolio Management REALTY INCOME Lease Expiration Schedule Provides Visibility into Future Cash Flows Weighted average lease term of 9.5 years 2.7% 4.6% 5.9% 8.1% 8.5% 5.6% 6.8% 5.1% 7.0% 45.7% 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032-2143 • Rents at or below market at acquisition result in above 100% recapture ratios at expiration. Re-leased over 4,000 properties at 101.9% recapture rate since 1996. • One of the few net lease companies that report re-leasing results. MAXIMIZING REAL ESTATE VALUE: Strategic management of rollovers Proactively addressing portfolio "watch list" Resolved over 4,900 lease expirations since 1996 Accretive Re-Leasing Activity is a Result of Prudent Underwriting 104.5% 105.5% 103.3% 100.9% 102.6% 103.4% 105.9% 100.0% 2015 2016 2017 2018 2019 2020 2021 2022 49

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