Superior Stability and Dividend Growth

REALTY INCOME Stable and Predictable Cash Flows Supported by High-Quality Real Estate Portfolio 0 Industry-Leading Occupancy Levels, Consistent During Various Economic Cycles S&P 500 REIT O Median S&P 500 REIT Median (1) CONSISTENCY BY DESIGN: 99.5% 98.4% 98.2% 97.7% 97.7% 98.1% 97.9% 98.5% 98.7% 97.9% 98.2% 98.4% 98.4% 98.3% 98.4% 98.6% 98.6% 97.9% 98.5% 98.6% 97.0% 96.8% 96.6% 96.7% 97.2% 98.2% Careful underwriting at acquisition Long initial lease term 94.0% 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022 MAXIMIZING REAL ESTATE VALUE: Strategic management of rollovers Proactively addressing portfolio "watch list" Resolved over 4,200 lease expirations since 1996 Weighted average lease term of 8.9 years Strong underlying real estate quality Strategy of owning "mission critical" locations Diversified client industries with strong fundamentals Prudent disposition activity Manageable Lease Expiration Schedule Provides High Visibility into Future Cash Flows 4.8% 5.1% 6.5% 8.1% 5.9% 7.6% 7.1% 5.4% 1.8% 2022 (1) Includes 22 S&P 500 constituents, excluding non-property REITs, such as AMT, CCI, EQIX, IRM, SBAC, WY. Occupancy calculated by number of properties. Lease expiration schedule represents percentage of total portfolio annualized contractual rent. 47.7% 2023 2024 2025 2026 2027 2028 2029 2030 2031-2046 43

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