Growing International Portfolio

Drug Stores (5.8% of ABR) Bundled service partnerships and vertical integration among incumbents insulates industry from outside threats. 000 00 00 Both Walgreens and CVS are investing in improved customer experience(2). Walgreens plans to open 1,000 full-service doctor's offices by the end of 2027 (2). CVS currently operates over 1,000 Health HUB locations (1) Source: (1) CVS filings. (2) Company Documents. (3) Company Filings as reported by IQVIA. (4) Company Filings | Latest reported quarter. Walgreens PHOTO 80% Of the scope of a typical primary care physician treatable at an on-site clinic(1). 85% Of the US population lives within 3 miles of a Walgreens or CVS(2). ~50% Combined retail prescription market share of Walgreens and CVS (3). 9.7% 9.3% REALTY INCOME Walgreens: 40 of 41 Quarters of Positive Same-Store Pharmacy Sales Growth (4). 9.8% 8.9% 8.4% 7.4% 7.3% 7.2% 6.0% 6.0% 5.8% 6.8% 5.0% 5.8% 5.6% 4.8% 4.9% 3.5% 4.5% 3.7% 2.0% 2.8% 3.0% 3.2% 2.5% 2.0% 2.0% 0.0% 3013 3Q14 3Q15 3016 3017 3018 3019 3020 3Q21 3022 3Q23 1.9% 61

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