Financial Supplement Fourth Quarter 2018 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 12 | | Financial Information | | | Condensed Consolidated Balance Sheets | 14 | | Condensed Consolidated Statements of Operations | 15 | | Reconciliation of Net Earnings (Loss) to NAREIT FFO, Core FFO and AFFO | 16 | | Reconciliation of Net Earnings (Loss) to EBITDA, NAREIT EBITDAre, and Core EBITDA | 18 | | Debt Detail and Matu ...

Lanier Cold Storage Lula, GA Cloverleaf Cold Storage Monmouth, IL Clearfield, UT Lula, GA EARNINGS RELEASE AND FINANCIAL SUPPLEMENT First Quarter 2019 Financial Supplement First Quarter 2019 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 13 | | Financial Information | | | Condensed Consolidated Balance Sheets | 15 | | Condensed Consolidated Statements of Operations | 16 | | Reconciliation of Net (Loss) Earnings to ...

Financial Performance Highlights - Total revenue reached $438.5 million, marking an 11.1% increase compared to the same quarter last year[13] - Total NOI increased by 23.3% to $121.1 million compared to the same quarter last year[13] - Core EBITDA grew by 27.1% to $93.6 million, or 28.6% on a constant currency basis, compared to the same quarter last year[13] - Global Warehouse segment revenue increased by 17.6% to $338.2 million compared to the same quarter last year[13] - Global Warehouse segment NOI increased by 25.3% to $113.8 million compared to the same quarter last year[13] - Global Warehouse same store revenue grew 1.5%, or 3.4% on a constant currency basis, with same store segment NOI improving 4.9%, or 6.2% on a constant currency basis[13] Strategic Acquisitions and Capital Deployment - The company completed $1.3 billion in acquisitions during the second quarter, including Cloverleaf Cold Storage for $1.25 billion and Lanier Cold Storage for $82.6 million[11, 13] - The company completed a land purchase in Sydney, Australia for $45.5 million[18] Occupancy and Fixed Commitments - For the second quarter of 2019, economic occupancy for the total warehouse segment was 76.8% and warehouse segment same store pool was 76.7%[27] - On a combined pro forma basis, 38.3% of rent and storage revenues were generated from fixed commitment storage contracts[26]

Financial Supplement Third Quarter 2019 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 14 | | Financial Information | | | Condensed Consolidated Balance Sheets | 16 | | Condensed Consolidated Statements of Operations | 17 | | Reconciliation of Net Income (Loss) to NAREIT FFO, Core FFO and AFFO | 18 | | Reconciliation of Net Income (Loss) to EBITDA, NAREIT EBITDAre, and Core EBITDA | 20 | | Acquisition, Litigation, ...

Historical Performance & Returns - Realty Income has produced positive total operational return each year since its NYSE listing in 1994[5] - The company's historical average dividend yield is approximately 6%[6] - The historical average AFFO (Adjusted Funds From Operations) per share CAGR (Compound Annual Growth Rate) is about 5%[7] - The historical average total operational return is approximately 11%[8, 11] - From 2015-2024, the average total operational return was approximately 10%[10] Expansion & Diversification - In 2023, Realty Income executed two sale leaseback transactions in the US totaling $206 million[30] - In 2023, Realty Income acquired 25 Asda properties in the UK for £650 million[24] - Realty Income partnered with Asda on a £300 million secured note in 2024 and a £142 million floating rate loan in 2023[26] - The company has a significant $8.5 trillion addressable market in Europe[23] Risk & Volatility - Realty Income has produced approximately 10% average total operational return with only approximately 2% volatility[37]

Financial Performance Highlights - Total revenue for Q4 2019 increased by 169% to $4860 million compared to the same quarter of the prior year[12] - Total NOI for Q4 2019 increased by 268% to $1378 million compared to the same quarter of the prior year[12] - Core EBITDA for Q4 2019 increased by 288% to $1091 million or 296% on a constant currency basis[12] - Global Warehouse segment revenue increased 256% to $3838 million for Q4 2019[12] - Global Warehouse segment NOI increased 289% to $1295 million for Q4 2019[19] Warehouse Operations - As of December 31 2019 the company operated 178 temperature-controlled warehouses encompassing over one billion cubic feet[4] - Global Warehouse segment same store revenue grew 34% or 45% on a constant currency basis for Q4 2019[19] - Global Warehouse segment same store NOI improved 91% or 100% on a constant currency basis for Q4 2019[19] - Economic occupancy for the total warehouse segment was 831% and warehouse segment same store pool was 846% for Q4 2019[29] Capital Activities - The company completed $14 billion of strategic acquisitions during 2019[11] - The company had total liquidity of approximately $14 billion as of December 31 2019[31]

EARNINGS RELEASE & FINANCIAL SUPPLEMENT First Quarter 2020 Corporate Profile We are the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature- controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of March 31, 2020, we operated a global network of 183 temperature-controlled warehouses encompassing over one billion cubic feet, with 161 warehouses in th ...

EARNINGS RELEASE & FINANCIAL SUPPLEMENT Second Quarter 2020 Financial Supplement Second Quarter 2020 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 16 | | Financial Information | | | Condensed Consolidated Balance Sheets | 18 | | Condensed Consolidated Statements of Operations | 19 | | Reconciliation of Net Income to NAREIT FFO, Core FFO and AFFO | 20 | | Reconciliation of Net Income to EBITDA, NAREIT EBITDAre, and ...

EARNINGS RELEASE & FINANCIAL SUPPLEMENT Third Quarter 2020 Financial Supplement Third Quarter 2020 2 Financial Supplement Third Quarter 2020 Corporate Profile We are the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of September 30, 2020, we operated a global network of 185 temperature-cont ...

EARNINGS RELEASE & FINANCIAL SUPPLEMENT Fourth Quarter 2020 Financial Supplement Fourth Quarter 2020 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 17 | | Financial Information | | | Condensed Consolidated Balance Sheets | 19 | | Condensed Consolidated Statements of Operations | 20 | | Reconciliation of Net (Loss) Income to NAREIT FFO, Core FFO and AFFO | 21 | | Reconciliation of Net (Loss) Income to EBITDA, NAREIT ...