Growing International Portfolio

Diversified High-Quality Portfolio INDUSTRY DIVERSIFICATION % of Annualized Contractual Rent (1) REALTY INCOME CLIENT DIVERSIFICATION. TOP 20 CLIENTS % of Annualized Contractual Rent (1) - DOLLAR GENERAL 3.8% BJ's 1.6% Convenience stores Grocery stores Dollar stores Home improvement Drug stores 11.1% 9.9% 7.1% 5.9% 5.8% Walgreens 3.8% LIFETIME 1.5% FITNESS Restaurants - quick service Restaurants - casual dining Health and fitness Automotive service 5.5% 4.8% 4.2% 4.0% General merchandise 3.7% DOLLAR TREE 3.3% ♥CVS pharmacy' 1.5% FAMILYDOLLAR Walmart 7-ELEVEN. 3.2% 1.5% Sam's Club eG Group 2.7% TSC TRACTOR 1.4% SUPPLY CO RESORTS 2.7% TESCO 1.3% PROPERTY TYPE DIVERSIFICATION FedEx. 2.3% amc 1.3% THEATRES 1.7% Other B&Q 1.9% 1.2% RED ER 2.7% Gaming Sainsbury's 1.9% REGAL 1.1% 13.1% Industrial 1.8% LOWE'S 1.1% LA FITNESS. GEOGRAPHIC DIVERSIFICATION % of Annualized Contractual Rent(1) % of Annualized Contractual Rent (1) U.K. 10.5% TEXAS 10.1% CALIFORNIA 5.6% FLORIDA 5.3% 82.5% Retail ILLINIOS MASSACHUSETTS 5.1% 4.8% OHIO 4.1% 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, 19 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.

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