Growing International Portfolio
Proven Track Record of Value-Add Asset and Portfolio Management
REALTY
INCOME
Lease Expiration Schedule (1) Provides Visibility into Future Cash Flows
Weighted average lease
term of 9.6 years
3.6%
5.5%
7.7%
8.8%
5.2%
7.2%
5.0%
6.9%
1.1%
49.0%
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 4,400 properties at 102.0%
recapture rate since 1996.
One of the few net lease companies that report
re-leasing results.
(1) Lease expiration schedule represents percentage of total portfolio annualized contractual rent.
MAXIMIZING REAL ESTATE VALUE:
Strategic management of rollovers
Proactively addressing portfolio "watch list"
Resolved over 5,300 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%
102.7%
100.0%
2015
2016
2017
2018
2019
2020
2021
2022
YTD 2023
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