Curating Best-in-Class Portfolio

REALTY INCOME Significant Liquidity and Low Borrowing Costs Support Enhanced Financial Flexibility $1,692 $0 Note: Values shown in millions. Liquidity(1) Revolver Availability, $1,521 (Net of $702mm borrowings under $1.5 billion commercial paper programs)(2) Cash & Equivalents, $171 Sources Debt Obligations through 2023(3) Excess Liquidity, $1,692 Uses Uses: Excludes interest expense, ground leases paid by Realty Income or our clients, and commitments under construction contracts. (1) Liquidity excludes $850 million of unsettled forward equity. Also excluded above, in January 2023 the company entered into a $1.0 billion multicurrency unsecured term loan, issued $500 million senior unsecured notes due 2026 and issued $600 million senior unsecured notes due 2030. (2) We use our revolving credit facility as a liquidity backstop for the repayment of the notes issued under our commercial paper program. The revolver has a $1 billion accordion feature, which is subject to obtaining lender commitments. During July 2022, our U.S. Dollar-denominated unsecured commercial paper program was amended to increase the maximum aggregate amount of outstanding notes from $1.0 billion to $1.5 billion and we established a new Euro-denominated unsecured commercial paper program, which permits us to issue additional unsecured commercial notes up to a maximum aggregate amount of $1.5 billion (or foreign currency equivalent) in U.S. dollars or other foreign currencies (3) Excluding revolver and commercial paper maturities. 43

View entire presentation