Exhibit 21.1

Subsidiaries of the Company as of February 23, 2021

Entity			Type			Jurisdiction of Organization			Owner
11990 Eastgate Blvd, LLC			Limited Liability Company			Delaware			Terraza 14, LLC
American Realty Capital Properties, LLC			Limited Liability Company			Delaware			ARCT TRS Corp.
ARC AAHARAL001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC ATMTPSC001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC AZGYAPR001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC AZHUMPR001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC AZPONPR001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC AZSNJPR001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC BBFTMFL001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC BSLBCCA001, LLC			Limited Liability Company			Delaware			ARC CAMBR BSPL, LLC
ARC CAMBR BSPL, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC CVCHIIL001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC CVCHIIL002, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC CVGNVFL001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC ESBKYMO001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC ESSTLMO001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FEAARMI001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FEBKYWV001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FEBNXNY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FEDGCKS001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FEGFKND001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FEHAYKS001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FELNCNE001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FELSVKY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FESPFMO001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC FESXFSD001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC HDAUSGA001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC HDTPAKS001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC IHLVRCA001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC IHMPHTN001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC IHMPHTN002, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC IHPKRCO001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC IHROCNY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC Income Properties II, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC Initial PE Member LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC JJPLYMA001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC KHCLNIL001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC KHGTNKY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC LWKNXTN001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC ORJOLIL001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC PA-QRS Trust			Trust			Virginia			ARC PA-QRS Trust Member LLC
ARC PA-QRS Trust Member LLC DBA in CA: ARC PA-QRS TRS Member LLC			Limited Liability Company			Delaware			Tau Acquisition LLC

Entity			Type			Jurisdiction of Organization			Owner
ARC PLBKVOH001, LLC			Limited Liability Company			Delaware			ARC CAMBR BSPL, LLC
ARC RACARPA001 GP, LLC			Limited Liability Company			Delaware			ARC/Milestone Capital Ventures, LLC
ARC RACARPA001 LP			Limited Partnership			Delaware			ARC RACARPA001 GP, LLC (1%); ARC Milestone Capital Ventures, LLC (99%)
ARC RAPITPA001 GP, LLC			Limited Liability Company			Delaware			ARC/Milestone Capital Ventures, LLC
ARC RAPITPA001 LP			Limited Partnership			Delaware			ARC RAPITPA001 GP, LLC (1%); ARC Milestone Capital Ventures, LLC (99%)
ARC SCAUGGA001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC SJHSPAR001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC SJHSPAR002, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC SJHSPAR003, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC SSCTRVT001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC SSNANNY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC SYGRINY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC TITUCAZ001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC TMDKBIL001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC TSDUBPA001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC TSELBPA001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC TSLWBWV001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC TSMNFPA001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WGAUBNY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WGCNWSC001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WGGRCNY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WGGRCNY002, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WGGRPMN001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WGMTPMI001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WGPLTNY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WGSYRNY001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC WMBLYAR001, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARC/Milestone Capital Ventures, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
ARCP / GRD BioLife Portfolio I, LLC			Limited Liability Company			Delaware			Terraza 14, LLC GRD BioLife Holdings I, LLC
ARCT TRS Corp.			Corporation			Delaware			Tau Operating Partnership, L.P.
Bulwark Berlin LLC			Limited Liability Company			Delaware			Realty Income Corporation
Bulwark Branford LLC			Limited Liability Company			Delaware			Realty Income Corporation
Bulwark Brockton LLC			Limited Liability Company			Delaware			Realty Income Corporation
Bulwark Derry LLC			Limited Liability Company			Delaware			Realty Income Corporation
Bulwark Melrose LLC			Limited Liability Company			Delaware			Realty Income Corporation
Bulwark Mount Ephraim LLC			Limited Liability Company			Delaware			Realty Income Corporation
Columbia Road Ohio LLC			Limited Liability Company			Delaware			MDC Coast 7, LLC BI RI Richfield Investor LLC
Conroe Logistics Center, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Crest Net Lease, Inc.			Corporation			Delaware			Realty Income Corporation
GRD Bellingham WA BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC
GRD Bloomington IN BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC
GRD Ft. Wayne IN BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC

Entity			Type			Jurisdiction of Organization			Owner
GRD Grandville MI BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC
GRD Loveland CO BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC
GRD St. George UT BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC
GRD Waite Park MN BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC
GRD Waterloo IA BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC
GRD West Fargo ND BioLife Holdings, LLC			Limited Liability Company			Delaware			ARCP / GRD BioLife Portfolio I, LLC
MDC Box 1, LLC			Limited Liability Company			Delaware			Crest Net Lease, Inc.
MDC Coast 1, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 10, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 11, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 12, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 13, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 14, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 15, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 16, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 17, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 18, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 19, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 2, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 20, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 21, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 22, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 3, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 4, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 5, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 6, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 7, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 8, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast 9, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coast EcO 1, LLC			Limited Liability Company			Delaware			Crest Net Lease, Inc.
MDC Coast HI 1, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 1, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 10, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 11, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 12, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 13, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 14, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 2, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 3, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 4, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 5, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 6, LLC			Limited Liability Company			Delaware			Realty Income Corporation

Entity			Type			Jurisdiction of Organization			Owner
MDC Coastal 7, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 8, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Coastal 9, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC East College, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC East Hobson, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC Holabird, LLC			Limited Liability Company			Delaware			Realty Income Corporation
MDC NC Holding Corp.			Corporation			Delaware			Realty Income Corporation
MDC NC Holding GP, LLC			Limited Liability Company			Delaware			MDC NC Holding Corp.
MDC NC1, LP			Limited Partnership			Delaware			MDC NC Holding GP, LLC MDC NC Holding Corp.
MDC NC2, LP			Limited Partnership			Delaware			MDC NC Holding GP, LLC MDC NC Holding Corp.
MDC NC3, LP			Limited Partnership			Delaware			MDC NC Holding GP, LLC MDC NC Holding Corp.
MDC Seal Beach, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Milton Keynes Superstore (Nominee 1) Limited			Private Company			United Kingdom			RI UK 1 Limited
Milton Keynes Superstore (Nominee 2) Limited			Private Company			United Kingdom			RI UK 1 Limited
O CHK, INC.			Corporation			Delaware			Realty Income Corporation
O ICE, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Peterborough Superstore (Nominee 1) Limited			Private Company			United Kingdom			RI UK 1 Limited
Peterborough Superstore (Nominee 2) Limited			Private Company			United Kingdom			RI UK 1 Limited
Realty Income Burlington Milwaukee, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Buffalo Genesee, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Buffalo Grove Deerfield, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Capitol Heights Ritchie Station, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income CK1, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
Realty Income Corporation DBA in FL: "Realty Income Properties, Inc.			Corporation			Maryland			N/A
Realty Income Cumming Market Place, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Deer Park Deerwood Glen GP, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Deer Park Deerwood Glen Limited Partnership			Limited Partnership			Texas			Realty Income Deer Park Deerwood Glen GP, LLC Realty Income Deer Park Deerwood Glen LP, LLC
Realty Income Deer Park Deerwood Glen LP, LLC DBA in CA: Realty Income Deer Park Deerwood Glen, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income DG Texas Portfolio I, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income DG Texas Portfolio II, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income East Syracuse Fair Lakes, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income East Windsor SciPark, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Houston Orem, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Illinois Properties 1, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Illinois Properties 2, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Illinois Properties 3, LLC			Limited Liability Company			Delaware			Realty Income Corporation

Entity			Type			Jurisdiction of Organization			Owner
Realty Income Illinois Properties 4, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Limited f/k/a: RI Crown PMC Limited			Private Company			United Kingdom			RI Crown Limited
Realty Income Magellan, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Neenah Commercial, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Pennsylvania Properties Trust			Trust			Maryland			Realty Income Corporation
Realty Income Pennsylvania Properties Trust 2			Trust			Maryland			Realty Income Corporation
Realty Income Properties 20, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
Realty Income Properties 1, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 10, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 11, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 12, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 13, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 14, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 15, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 16, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 17, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 18, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 19, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 2, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 21, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 22, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 23, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 24, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
Realty Income Properties 25, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 26, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 27, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 28, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 29, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 3, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 30, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 31, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 4, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 5, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 6, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Properties 7, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
Realty Income Properties 8, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
Realty Income Properties 9, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Providence LaSalle Square, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Raphine, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Regent Blvd LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Seaford Merrick, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Texas Properties 1, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
Realty Income Trust 1			Trust			Maryland			Realty Income Corporation

Entity			Type			Jurisdiction of Organization			Owner
Realty Income Trust 2			Trust			Maryland			Realty Income Corporation
Realty Income Trust 3			Trust			Maryland			Realty Income Corporation
Realty Income Trust 4			Trust			Maryland			Realty Income Corporation
Realty Income Trust 5			Trust			Maryland			Realty Income Corporation
Realty Income Trust 6			Trust			Maryland			Realty Income Corporation
Realty Income Upper Darby 69th, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income Wilmington Lancaster, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Realty Income, L.P.			Limited Partnership			Maryland			Realty Income Corporation
Redd Park Limited			Private Company			United Kingdom			RI UK 1 Limited
RI ASD Gillingham Limited			Private Company			United Kingdom			RI UK 1 Limited
RI AZ Speke Limited			Private Company			United Kingdom			RI UK 1 Limited
RI BQ 4 DIY Limited F/K/A: BL Retail Investments Limited			Private Company			United Kingdom			RI UK 1 Limited
RI BQ Birmingham Limited			Private Company			United Kingdom			RI UK 1 Limited
RI BQ Meir Park Limited FKA: RI TSC Bracknell Limited F/K/A RI TSC Worcester Limited			Private Company			United Kingdom			RI UK 1 Limited
RI BQ Stockport Limited			Private Company			United Kingdom			RI UK 1 Limited
RI CK2, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
RI Crown CMC Limited			Private Company			United Kingdom			RI SB Limited
RI Crown Limited			Private Company			United Kingdom			RI Crown LLC
RI Crown LLC			Limited Liability Company			Delaware			Realty Income Corporation
RI CS1, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
RI CS2, LLC			Limited Liability Company			Delaware			Realty Income Corporation
RI CS3, LLC			Limited Liability Company			Delaware			Realty Income Corporation
RI CS4, LLC			Limited Liability Company			Delaware			Realty Income Corporation
RI CS5, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
RI GA 1, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
RI MS Blaydon Limited			Private Company			United Kingdom			RI UK 1 Limited
RI Multi Midlands Limited			Private Company			United Kingdom			RI UK 1 Limited
RI SB Archer Road Limited			Private Company			United Kingdom			RI SB Limited
RI SB Banbury Limited			Private Company			United Kingdom			RI SB Limited
RI SB Bodmin Limited			Private Company			United Kingdom			RI SB Limited
RI SB Bradford Limited			Private Company			United Kingdom			RI SB Limited
RI SB Bridgwater Limited			Private Company			United Kingdom			RI SB Limited
RI SB Cardiff Limited			Private Company			United Kingdom			RI SB Limited
RI SB Grimsby Limited			Private Company			United Kingdom			RI SB Limited
RI SB Guildford Limited			Private Company			United Kingdom			RI UK 1 Limited
RI SB Hereford Limited			Private Company			United Kingdom			RI SB Limited
RI SB Kempston Limited			Private Company			United Kingdom			RI SB Limited
RI SB Limited			Private Company			United Kingdom			RI Crown Limited
RI SB Lincoln Limited			Private Company			United Kingdom			RI UK 1 Limited
RI SB Locksbottom Limited			Private Company			United Kingdom			RI SB Limited
RI SB Nantwich Limited			Private Company			United Kingdom			RI UK 1 Limited
RI SB Northampton Limited			Private Company			United Kingdom			RI SB Limited
RI SB Otley Limited			Private Company			United Kingdom			RI UK 1 Limited

Entity			Type			Jurisdiction of Organization			Owner
RI SB Preston Limited			Private Company			United Kingdom			RI UK 1 Limited
RI SB Southampton Limited			Private Company			United Kingdom			RI SB Limited
RI SB Swadlincote Limited			Private Company			United Kingdom			RI UK 1 Limited
RI SB Thornhill Cardiff Limited			Private Company			United Kingdom			RI UK 1 Limited
RI SB Wallington Limited			Private Company			United Kingdom			RI UK 1 Limited
RI SE, LLC (CA DBA: RI SOUTHEAST, LLC)			Limited Liability Company			Delaware			Realty Income Corporation
RI TN 1, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
RI TN 2, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
RI Trafford Park Limited			Private Company			United Kingdom			RI UK 1 Limited
RI TSC CW Manchester Limited			Private Company			United Kingdom			RI UK 1 Limited
RI TSC Enfield Limited			Private Company			United Kingdom			RI UK 1 Limited
RI TSC Milton Keynes Limited F/K/A: TBL (Milton Keynes) Limited			Private Company			United Kingdom			RI UK 1 Limited
RI TSC Peterborough Limited F/K/A: TBL (Peterborough) Limited			Private Company			United Kingdom			RI UK 1 Limited
RI TSC Prestwich Limited			Private Company			United Kingdom			RI UK 1 Limited
RI UK 1 Limited			Private Company			United Kingdom			RI Crown Limited
RI UK SA 1 Limited			Private Company			United Kingdom			RI UK 1 Limited
RILP NC Holding GP, LLC			Limited Liability Company			Delaware			Realty Income, L.P.
RILP NC1, LP			Limited Partnership			Delaware			RILP NC Holding GP, LLC Realty Income Properties 24, LLC
RILP NC2, LP			Limited Partnership			Delaware			RILP NC Holding GP, LLC RI CS5, LLC
Tau Acquisition LLC			Limited Liability Company			Delaware			Realty Income Corporation
Tau Atlantic, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau Central, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau CVJKVFL, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau FESSPA, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau Midwest, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau NC Holding GP, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, LP
Tau NC1, LP			Limited Partnership			Delaware			Tau NC Holding GP, LLC Tau South, LLC
Tau Northeast, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau NY-NJ, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau Operating Partnership, L.P.			Limited Partnership			Delaware			Tau Acquisition LLC Crest Net Lease, Inc.
Tau Pennsylvania General Partner, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau Pennsylvania, L.P.			Limited Partnership			Delaware			Tau Pennsylvania General Partner, LLC Tau Operating Partnership, L.P.
Tau South, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Tau West, LLC			Limited Liability Company			Delaware			Tau Operating Partnership, L.P.
Terraza 1, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 10, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 11, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 12 Holding LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 12, LLC			Limited Liability Company			Delaware			Terraza 12 Holding LLC
Terraza 13, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 14, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 17, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 2, LLC			Limited Liability Company			Delaware			Realty Income Corporation

Entity			Type			Jurisdiction of Organization			Owner
Terraza 3, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 4, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 5, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 6, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 7, LLC			Limited Liability Company			Delaware			Realty Income Corporation
Terraza 8, LLC			Limited Liability Company			Delaware			Realty Income Corporation