Realty Income — Feb 24, 2025 release

The amount of monthly dividends paid per share increased 2.5% to $3.126 in 2024 , as compared to $3.051 in 2023, representing 74.6% of our diluted AFFO per share of $4.19 during the year ended December 31, 2024. In February 2025, we announced an increase in our monthly dividend to $0.268, to be paid in March 2025, which represents a 1.5% month-on-month increase as compared to the February 2025 dividend of $0.264, and a 4.5% year-on-year increase compared to the March 2024 dividend of $0.2565. - 2 - Real Estate Portfolio Update As of December 31, 2024, we owned or held interests in 15,621 properties, which were leased to 1,565 clients doing business in 89 industries. Our diversified portfolio of commercial properties under long-term, net lease agreements is actively managed with a weighted average remaining lease term of approximately 9.3 years. Our portfolio of commercial real estate has historically provided dependable rental revenue supporting the payment of monthly dividends. As of December 31, 2024, portfolio occupancy was 98.7% with 205 properties available for lease or sale, as compared to 98.7% as of September 30, 2024 and 98.6% as of December 31, 2023. Our property-level occupancy rates exclude properties with ancillary leases only, such as cell towers and billboards, and properties with possession pending and include properties owned by unconsolidated joint ventures. Below is a summary of our portfolio activity for the periods indicated below: Changes in