European Portfolio Snapshot

TOTAL RETURN CAGR SINCE 1994 Attractive Risk/Reward vs. S&P 500 Companies and REIT Peers 30% 20% 10% 0% S&P 500 Members(1)(2) -10% 2.0 1.5 1.0 BETA Source: Bloomberg (1) Excludes companies without trading histories dating to 10/18/1994. Beta measured using monthly frequency. (2) n=255. 20% Realty Income return per unit of market risk is in the 93rd percentile of all S&P 500 companies Return: 15.1% 15% Beta: 0.5 TOTAL RETURN CAGR SINCE 1994 10% REALTY INCOME Historically, Realty Income delivered more return per unit of risk vs. majority of S&P 500 companies and S&P 500 REIT Peers (3) S&P 500 REIT Peers (1)(3) PSA ESS AVB MAA DRE SPG CPT EQR WELL FRT UDR KIM REG VTR PEAK VNO HST 5% 0% -5% 0.5 0.0 1.4 1.2 1.0 0.8 0.6 0.4 BETA (3) Excludes the following non-property S&P 500 REITS: AMT, CCI, EQIX, IRM, SBAC and WY (the "S&P 500 non-property REITS"). 11

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