Crystallizing Value Creation & Market Overview
Investment Thesis
PROVEN TRACK RECORD
OF RETURNS...
15.1%
Compound Annual Total
0.46
Return Since '94 NYSE Listing
Beta vs. S&P 500
Since '94 NYSE Listing(1)
CONSISTENTLY
INCREASING DIVIDENDS...
4.3%
Compound Annual Dividend
Growth Rate Since 1994
(1) Beta measured using monthly frequency.
S&P 500 Dividend
AristocratsⓇ
Index Member
(2) Measured as AFFO per share growth | Excludes positive earnings from Crest Net Lease, a subsidiary of Realty Income, as earnings do not reflect
recurring business operations.
Note: The area chart reflects Realty Income's total shareholder return since 10/18/1994
STABILITY AND GROWTH
OF EARNINGS...
REALTY
INCOME
24 of 25
Years of Positive Earnings
Per Share(2) Growth
5.1%
Median AFFO Per Share
Growth Since 1996
POSITIONED FOR
CONTINUED GROWTH...
$12 Trillion
Estimated Addressable Market
Opportunity in the US and Europe
$64 Billion
Sourced Acquisition
Opportunities in 2020
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