European Portfolio Snapshot

Grocery (10.5% of ABR) U.S. Grocery Market Share(1) EXPOSURE TO TOP OPERATORS IN AN ESSENTIAL, 23% Walmart Neighborhood Market E-COMMERCE RESISTANT INDUSTRY 65% 53% Realty Income's top two U.S. grocery clients control 32% of U.S. grocery market share 9% 5% 4% 3% 3% Kroger COSTCO WHOLESALE Ahold Delhaize DOLLAR GENERAL DOLLAR TREE amazon Other Source: (1) Wells Fargo Securities Research,2022. (2) Kantar World Panel for 12 weeks ending 7/10/2022. Food-at-Home as a % of Total Food Expenditure(3) REALTY INCOME U.K. Grocery Market Share(2) Realty Income's top two U.K. grocery clients control ~42% of U.K. grocery market share 18% 8% 5% ■Big 4 Discounters ■Convenience ■ Premium ■"Pure play" online 2% TESCO Sainsbury's ASDA SPAR Waitrose Iceland.co.uk ocado amazon LIDL Morrisons POSITIVE OUTLOOK ON THE SPANISH GROCERY INDUSTRY: Food-at-home spending more prevalent, online grocery spending less common 66% 61% 52% Source: (3) Statista.com, Gov.uk, USDA ERS. Spain (4) CBRE, Statista.com, Multichannelmerchant.com, Kantar. 4.5% Pre-COVID Online Grocery Penetration (4) 7.4% 1.3% UK US Spain US UK 54 554

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