European Portfolio Snapshot

REALTY INCOME Recent Acquisitions Demonstrate Examples of Quality UNITED STATES Property Type: Class A Industrial (acquired in 2021) Size: approx. 2mm SF Year Built: 2020 - 2021 Strategic Location: DFW (Texas) / $37B+ in annual economic impact Client Industry: Warehousing / Distribution / E-commerce Lease Term: approx. 11 years Contractual Rent Escalators: annual fixed increases of 2.0%+ Key Real Estate Attributes: 15-minute drive population of ~650k, healthy direct vacancy rate of ~5%, annual net absorption of over 20mm sq. ft. for the fifth consecutive year "Green" Attributes: LED lighting, ESFR sprinkler system, TPO roofing, efficient HVAC EUROPE Property Type: Retail (acquired in 2021) Transaction Type: Strategic sale-leaseback with Carrefour in Spain Purchase Price: approx. €93mm Location: Canary Islands, Valencia, Madrid, Basque Country, Navarra, and Castile and León Lease Term: approx. 10 years Contractual Rent Escalators: annual inflation-linked increases Client Profile: Carrefour is the second-largest grocer in Spain and the eighth-largest retailer in the world with ~€70 billion in annual revenue Investment Grade Credit: 'BBB' / 'Baa1' by S&P and Moody's Key Real Estate Attributes: average 10-minute drive population of ~200k, with average household income above the Spanish median, below market rents support future releasing prospects saler CA Carrefour FRIEN

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