Curating Best-in-Class Portfolio

REALTY INCOME Healthcare delivery is shifting toward an outpatient model in the United States Delivery of Care is Increasingly Moving Towards Outpatient Visits US Hospital Admissions vs. Outpatient Visits, % Change vs. 2002 (1) Inpatient Outpatient 40% 35% 30% 25% 39% Cumulative growth in Outpatient visits compared to US hospital visit since 2002 20% 15% 10% 5% 0% -5% 2002 04 06 90 08 10 12 12 14 16 2018 Annual Revenue Growth by Site of Care 2019 - 20221 -3% 8% 7.2% Consumer-Centric Medical Expected annual growth in Medicare spending from 2021-2030(2) SNF LTAC Hospital MD Office ASC Outpatient Retail 2022 BH Clinics revenue $B: 120 9 1,212 543 37 31 1 (1) McKinsey & Co. (2) Center for Medicare and Medicaid Services. 34

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