O · 8-K · 20260805PR000044

Rental Rate / Leasing Spreads

REALTY INCOME CORP · 2026-08-05 · Importance 31 · Surprise 32

Realty Income achieved a 102.7% rent recapture rate on units re-leased during the second quarter. New annualized base rent on re-leased units was $110.3 million, compared with $107.4 million of prior annual rent. For the first six months, the recapture rate was 103.0%, with new annualized base rent of $183.5 million versus $178.2 million previously. The results indicate positive leasing spreads on both same-client and new-client re-leasing activity.

Key facts

• New Annualized Base Rent on re-leased units during the three months ended June 30, 2026: $110.3 million versus previous annual rent $107.4 million, representing rent recapture rate 102.7% source
• New Annualized Base Rent on re-leased units during the six months ended June 30, 2026: $183.5 million versus previous annual rent $178.2 million, representing rent recapture rate 103.0% source