Curating Best-in-Class Portfolio

Superior Stability vs. Peers: Demonstrated Consistent Growth Through 2020 Pandemic 2.1% 0% 2020 EARNINGS PER SHARE Retail Net Lease Peers Growth(1) S&P 500 REIT Peers Retail REIT Peers +3.1% 2020 Dividend Growth -5% -10% -5.2% -6.8% -15% 1 of 8 Retail Net Lease REITS (2) 1 of 15 S&P 500 REITS (3) -20% 1 of 7 Retail REITs (4) 1 of 4 Retail Net Lease REITS (2) 1 of 7 S&P 500 REITS (3) 1 of 4 Retail REITs (4) THAT INCREASED DIVIDEND IN 2020 WITH POSITIVE EARNINGS GROWTH IN 2020 Source: SNL, Bloomberg, Company Filings. Data as of 12/31/2020. (1) Measured as median AFFO/sh growth rate for retail net lease peers and median FFO/sh growth rates for S&P 500 and retail REIT peers. (2) Retail net lease peers include retail-focused REITs, such as ADC, EPRT, FCPT, GTY, NNN, SRC, STOR, VER, WPC. (3) Includes 22 S&P 500 constituents, excluding the S&P 500 non-property REITs. (4) 25 total Retail REITs including shopping center and mall REITs, and ADC, EPRT, FCPT, GTY, NNN, O, SRC, STOR, VER. -13.1% REALTY INCOME 14

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