Growing International Portfolio

UK Density Supports Long-Term Real Estate Stability Limited retail supply and supply growth also supports long-term viability of stable cash flow generation. The UK, by population, is approximately the size of California and Texas combined. 67.6M Current Population(1) 80.0 60.0 40.0 UK POPULATION AND PROJECTIONS (1) Population Projected Population 58.0 1992 2002 (in millions) 2012 67.6 M 2022 2022 RETAIL SQUARE FOOTAGE PER CAPITA (2) Spain 4 UK 5 US REALTY INCOME The UK, by land area, 70.6 is approximately the size of Oregon. ~94,000 Square Miles(3) 2032 2042 24 Source: (1) UK Office for National Statistics. (2) ICSC for the US data; Springboard for European data. (3) World Bank. (4) 2022 GDP. Source: Office for National Statistics for the UK data and Bureau of Economic Analysis for the US data. The UK, by GDP, is approximately the size of California. Population density and growth, combined with limited retail supply and supply growth, creates compelling opportunity for long-term real estate investors. $3.1 Trillion GDP(4) 57

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