O · 8-K · 20260805PR000044

Tenant Credit and Concentration

REALTY INCOME CORP · 2026-08-05 · Importance 10 · Surprise 6

Realty Income’s portfolio spans 1,798 clients operating across 92 industries, supporting diversification across tenant types and end markets. Investment Grade Clients represented approximately 38% of annualized cash income from investments made during the second quarter, compared with 40% for the first six months of 2026. New second-quarter properties were occupied primarily by industrial clients at 65.0% of cash income and retail clients at 34.0%, with other property types at 1.0%.

Key facts

• Investment grade clients percentage at date of investment for three months ended June 30, 2026: 38% source
• Investment Grade Clients are our clients, our clients that are subsidiaries or affiliates of companies, and credit investments secured with a real estate property leased to a tenant, that as of the balance sheet date, have a credit rating of Baa3/BBB- or higher from one of the three major rating agencies (Moody’s/S&P/Fitch). source