PR Newswire | Sep 2, 2020 08:31AM EDT

09/02 07:30 CDT

Realty Income Provides Update On Rent Collection SAN DIEGO, Sept. 2, 2020

SAN DIEGO, Sept. 2, 2020 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company(r), today provided a business update regarding its contractual rent collection.

For the For the For the Quarter Ended Month Ended Month Ended June 30, 2020 July 31, 2020 August 31, 2020

Through September 1, 2020:

Contractual rent collected^(1) across total portfolio 87.8% 92.3% 93.5%

Contractual rent collected^(1) from top 20 tenants^(2) 82.6% 90.9% 92.2%

Contractual rent collected^(1) from investment grade tenants^(3) 99.1% 100.0% 99.9%



Contractual rent is the aggregate cash amount charged to tenants ^ inclusive of monthly base rent receivables. U.K. rent (which is payable (1)in pounds Sterling) was converted at the exchange rate in effect on the first day of the following month for each month period.

^ We define top 20 tenants for any period as our 20 largest tenants based (2)on percentage of total portfolio annualized rental revenue as of the last day of such period.

We define investment grade tenants as tenants with a credit rating, and ^ tenants that are subsidiaries or affiliates of companies with a credit (3)rating, of Baa3/BBB- or higher from one of the three major rating agencies (Moody's/S&P/Fitch).

The company has either executed deferral agreements or maintains ongoing deferral discussions with tenants that account for a majority of the unpaid contractual rent for each of the periods referenced above. Additional detail on rent collections, including information regarding industry-specific collection, can be found in Realty Income's institutional investor presentation available at www.realtyincome.com/investors/investor-presentation.

About Realty Income

Realty Income, The Monthly Dividend Company(r), is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 602 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 107 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats(r) index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

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SOURCE Realty Income Corporation