Curating Best-in-Class Portfolio slide image

Curating Best-in-Class Portfolio

Diversified High-Quality Portfolio CLIENT DIVERSIFICATION - TOP 20 CLIENTS % of Annualized Contractual Rent (1) Grocery Stores Convenience Stores Dollar Stores Walmart Walgreens 4.0% 1.7% Sam's Club. DOLLAR GENERAL 3.9% amc 1.6% THEATRES Restaurants - Quick Service Drug Stores Restaurants - Casual Dining Home Improvement 7-ELEVEN. 3.9% ER 1.5% DOLLAR TREE 3.5% FAMILYDOLLAR REGAL 1.5% FedEx. 2.9% TSC TRACTOR SUPPLY CO 1.4% 2.4% LA FITNESS. TESCO 1.4% Health and Fitness General Merchandise Automotive Service INDUSTRY DIVERSIFICATION(2) % of Annualized Contractual Rent (1) REALTY INCOME 10.5% 9.2% 7.4% 6.4% 6.3% 5.7% 5.2% 4.5% 3.8% 3.5% (2) Represents total portfolio annualized contractual rent contribution from U.S. and European properties. PROPERTY TYPE DIVERSIFICATION % of Annualized Contractual Rent(1) 2.1% LIFETIME 1.3% FITNESS 1.7% Other Sainsbury's BJ's 1.9% B&Q 1.8% THE HOME DEPOT 1.2% Kroger 1.1% 14.3% Industrial CVS pharmacy 1.7% Fas mart 1.0% 84.0% Retail GEOGRAPHIC DIVERSIFICATION % of Annualized Contractual Rent (1) TEXAS 10.7% U.K. 9.1% CALIFORNIA 6.3% ILLINOIS 5.3% FLORIDA 5.3% OHIO 4.5% GEORGIA 3.6% Note: Orange indicates investment grade clients that are companies or their subsidiaries with a credit rating, as of the balance sheet date, of Baa3/BBB- or higher from one of the three major rating agencies (Moody's/S&P/Fitch). (1) Annualized Contractual Rent is the monthly aggregate cash amount charged to clients, inclusive of monthly base rent receivables, as of the balance sheet date, multiplied by 12, excluding percentage rent. We believe total portfolio annualized contractual rent is a useful supplemental operating measure, as it excludes properties that were no longer owned at the balance sheet date and includes the annualized rent from properties acquired during the quarter. Total portfolio annualized contractual rent has not been reduced to reflect reserves recorded as reductions to GAAP rental revenue in the periods presented. Total portfolio annualized contractual rent excludes unconsolidated entities. 38
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