Curating Best-in-Class Portfolio

Diversified High-Quality Portfolio INDUSTRY DIVERSIFICATION(2) % of Annualized Contractual Rent (1) REALTY INCOME CLIENT DIVERSIFICATION - TOP 20 CLIENTS % of Annualized Contractual Rent (1) Grocery Stores Convenience Stores Dollar Stores DOLLAR GENERAL 4.0% CVS pharmacy 1.6% LIFETIME Walgreens 3.6% 1.6% FITNESS Restaurants - Quick Service Drug Stores Home Improvement Restaurants - Casual Dining Walmart > 7-ELEVEN. 3.5% 1.6% Sam's Club. DOLLAR TREE 3.3% FAMILYDOLLAR. изпи RESORTS 2.9% TSC TRACTOR SUPPLY CO 1.4% amc THEATRES 1.5% Health and Fitness Automotive Service General Merchandise (2) Represents total portfolio annualized contractual rent contribution from U.S. and European properties. 10.0% 8.6% 7.4% 6.0% 5.7% 5.6% 5.1% 4.4% 4.0% 3.7% FedEx. 2.6% 1.4% RED LOBSTER LA FITNESS. 2.1% REGAL 1.4% 1.9% Other BJ's 1.8% TESCO 1.3% 2.9% Gaming Sainsbury's 1.8% THE HOME DEPOT 1.1% B&Q 1.7% Kroger 1.0% PROPERTY TYPE DIVERSIFICATION GEOGRAPHIC DIVERSIFICATION % of Annualized Contractual Rent (1) % of Annualized Contractual Rent(1) TEXAS 10.4% U.K. 9.5% CALIFORNIA 5.8% 13.3% Industrial ILLINOIS 5.2% FLORIDA 5.1% 81.9% Retail 4.2% 4.2% OHIO MASSACHUSETTS 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, 45 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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