Crystallizing Value Creation & Market Overview
Superior Stability vs. Peers: Consistent
Growth Maintained Through Pandemic
+3.1%
2020 EARNINGS PER SHARE
Growth(1)
Net Lease
Peers
2.1%
0%
-5%
-10%
2020 Dividend Growth
-15%
1 of 8 Net Lease REITs (2)
1 of 15 S&P 500 REITS (3)
-20%
1 of 7 Retail REITs (4)
1 of 4 Net Lease REITS (2)
1 of 7 S&P 500 REITS (3)
1 of 4 Retail REITs (4)
THAT INCREASED
DIVIDEND IN 2020
S&P 500
REIT Peers
Retail REIT
Peers
-5.2%
-6.8%
WITH
POSITIVE
EARNINGS
GROWTH IN 2020
(1) Measured as median AFFO/sh growth rate for net lease peers and median FFO/sh growth rates for S&P 500 and retail REIT peers.
(2) Net lease peers include ADC, EPRT, FCPT, GTY, NNN, SRC, STOR, VER, WPC.
(3) Includes 22 S&P 500 constituents, excluding non-property REITS, such as AMT, CCI, EQIX, IRM, SBAC, WY.
(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
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