<SEC-DOCUMENT>0001104659-22-106107.txt : 20221005
<SEC-HEADER>0001104659-22-106107.hdr.sgml : 20221005
<ACCEPTANCE-DATETIME>20221005060451
ACCESSION NUMBER:		0001104659-22-106107
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20221003
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20221005
DATE AS OF CHANGE:		20221005

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REALTY INCOME CORP
		CENTRAL INDEX KEY:			0000726728
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				330580106
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13374
		FILM NUMBER:		221294472

	BUSINESS ADDRESS:	
		STREET 1:		11995 EL CAMINO REAL
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92130
		BUSINESS PHONE:		8582845000

	MAIL ADDRESS:	
		STREET 1:		11995 EL CAMINO REAL
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92130
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm2227092d5_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8"?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:us-roles="http://fasb.org/us-roles/2021-01-31" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:country="http://xbrl.sec.gov/country/2021" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:o="http://realtyincome.com/20221003">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02A_US%2DGAAP%2D2021 -->
<!-- Field: Set; Name: xdx; ID: xdx_03D_o_realtyincome.com_20221003 -->
<!-- Field: Set; Name: xdx; ID: xdx_047_20221003_20221003 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DEntityCentralIndexKey_0000726728 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_071_SO_T%2D%2D\DeptFiles%2DiXBRL 8%2DK Covers Templates\+++%2DROOT%2DElement%2D+++\EntityInformationLineItems.xdxs -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:EntityCentralIndexKey">0000726728</ix:nonNumeric>
  <ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:AmendmentFlag">false</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="o-20221003.xsd" xlink:type="simple" />
  </ix:references>
 <ix:resources>
    <xbrli:context id="From2022-10-03to2022-10-03">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-10-03</xbrli:startDate>
        <xbrli:endDate>2022-10-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-10-032022-10-03_us-gaap_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-10-03</xbrli:startDate>
        <xbrli:endDate>2022-10-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-10-032022-10-03_custom_Notes1.125PercentDue2027Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.125PercentDue2027Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-10-03</xbrli:startDate>
        <xbrli:endDate>2022-10-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-10-032022-10-03_custom_Notes1.875PercentDue2027Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.875PercentDue2027Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-10-03</xbrli:startDate>
        <xbrli:endDate>2022-10-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-10-032022-10-03_custom_Notes1.625PercentDue2030Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.625PercentDue2030Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-10-03</xbrli:startDate>
        <xbrli:endDate>2022-10-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-10-032022-10-03_custom_Notes1.750PercentDue2033Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.750PercentDue2033Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-10-03</xbrli:startDate>
        <xbrli:endDate>2022-10-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2022-10-032022-10-03_custom_Notes2.500PercentDue2042Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes2.500PercentDue2042Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2022-10-03</xbrli:startDate>
        <xbrli:endDate>2022-10-03</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<p style="margin: 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 14pt"><b>United States</b></span></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 14pt"><b>Securities and
Exchange Commission</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Washington, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 14pt"><b>Form <span id="xdx_908_edei--DocumentType_c20221003__20221003_zCkNwgXzADTk"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 14pt"><b>Current Report</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section 13 or 15(d) of the<br /> Securities Exchange Act of 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report: <b><span id="xdx_90F_edei--DocumentPeriodEndDate_c20221003__20221003_zNZDFnFhpXO7"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">October 3, 2022</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span></span>(Date of Earliest Event Reported)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span id="xdx_90C_edei--EntityRegistrantName_c20221003__20221003_ztgkf33mTUwl" style="font-size: 14pt"><b><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:EntityRegistrantName">REALTY
INCOME CORPORATION</ix:nonNumeric></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: top; width: 34%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_908_edei--EntityIncorporationStateCountryCode_c20221003__20221003_zFjPzvnmvy31"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">Maryland</ix:nonNumeric></span></b></span></td>
    <td style="vertical-align: bottom; width: 1%">&#160;</td>
    <td style="vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90F_edei--EntityFileNumber_c20221003__20221003_z9wwv45XYkK5"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:EntityFileNumber">1-13374</ix:nonNumeric></span></b></span></td>
    <td style="vertical-align: bottom; width: 1%">&#160;</td>
    <td style="vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90F_edei--EntityTaxIdentificationNumber_c20221003__20221003_zfWZ1NSTIyCf"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:EntityTaxIdentificationNumber">33-0580106</ix:nonNumeric></span></b></span></td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(State or Other Jurisdiction of<br /> Incorporation or Organization)</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(Commission File Number)</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="white-space: nowrap; vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(IRS Employer Identification No.)</span></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_909_edei--EntityAddressAddressLine1_c20221003__20221003_zpk6hS4FVp8f"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:EntityAddressAddressLine1">11995 El Camino Real</ix:nonNumeric></span>, <span id="xdx_909_edei--EntityAddressCityOrTown_c20221003__20221003_z4zMUIMO3z7i"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:EntityAddressCityOrTown">San Diego</ix:nonNumeric></span>, <span id="xdx_909_edei--EntityAddressStateOrProvince_c20221003__20221003_zPXzBI0UKkGa"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince">California</ix:nonNumeric></span> <span id="xdx_901_edei--EntityAddressPostalZipCode_c20221003__20221003_zNfGNoKDW14l"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:EntityAddressPostalZipCode">92130</ix:nonNumeric></span><br />
</b>(Address of principal executive offices)</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b>(<span id="xdx_906_edei--CityAreaCode_c20221003__20221003_zn76K5WqeuZ7"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:CityAreaCode">858</ix:nonNumeric></span>) <span id="xdx_908_edei--LocalPhoneNumber_c20221003__20221003_zMU1uMvNvWM1"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" name="dei:LocalPhoneNumber">284-5000</ix:nonNumeric></span><br />
</b></span>(Registrant&#8217;s telephone number, including area code)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b>N/A<br />
</b></span>(former name or former address, if changed since last report)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Check the appropriate box below if the Form&#160;8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 1pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_90F_edei--WrittenCommunications_c20221003__20221003_z43WVbUH3qd5" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#168;</ix:nonNumeric>
</span>Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 1pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_905_edei--SolicitingMaterial_c20221003__20221003_zfA8dW1jpWLb" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#168;</ix:nonNumeric>
</span>Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 1pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_90A_edei--PreCommencementTenderOffer_c20221003__20221003_zRI69hrdrlog" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric>
</span>Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 1pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_90C_edei--PreCommencementIssuerTenderOffer_c20221003__20221003_zhNlTDkO3Ile" style="font-family: Wingdings"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric>
</span>Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section&#160;12(b)&#160;of
the Act:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 1pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top; background-color: white">
    <td style="border-bottom: Black 1pt solid; vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Title
    of each class</span></td>
    <td style="text-align: center; padding-bottom: 1pt; width: 2%; vertical-align: top">&#160;</td>
    <td style="border-bottom: Black 1pt solid; vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Trading
    symbol</span></td>
    <td style="text-align: center; padding-bottom: 1pt; width: 2%; vertical-align: top">&#160;</td>
    <td style="border-bottom: Black 1pt solid; vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Name
    of Each Exchange On Which<br />
 Registered</span></td></tr>
  <tr style="vertical-align: top">
    <td style="background-color: white; padding-left: 0.1in; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_edei--Security12bTitle_c20221003__20221003__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zDZLKNDLxc5k"><ix:nonNumeric contextRef="From2022-10-032022-10-03_us-gaap_CommonStockMember" name="dei:Security12bTitle">Common Stock, $0.01 Par Value</ix:nonNumeric></span></span></td>
    <td>&#160;</td>
    <td style="background-color: white; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_edei--TradingSymbol_c20221003__20221003__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_z2ol2qACbQTe"><ix:nonNumeric contextRef="From2022-10-032022-10-03_us-gaap_CommonStockMember" name="dei:TradingSymbol">O</ix:nonNumeric></span></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_edei--SecurityExchangeName_c20221003__20221003__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zyhUubwLHs94"><ix:nonNumeric contextRef="From2022-10-032022-10-03_us-gaap_CommonStockMember" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 0.1in; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_edei--Security12bTitle_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_zXplJuaP7hQ"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.125PercentDue2027Member" name="dei:Security12bTitle">1.125% Notes due 2027</ix:nonNumeric></span></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_edei--TradingSymbol_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_zhAAs8wPilu4"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.125PercentDue2027Member" name="dei:TradingSymbol">O27A</ix:nonNumeric></span></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_edei--SecurityExchangeName_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_z8258fiFYsJ2"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.125PercentDue2027Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 0.1in; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_edei--Security12bTitle_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_zKe6WL6iVGig"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.875PercentDue2027Member" name="dei:Security12bTitle">1.875% Notes due 2027</ix:nonNumeric></span></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_edei--TradingSymbol_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_zsEOjIOI4jAd"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.875PercentDue2027Member" name="dei:TradingSymbol">O27B</ix:nonNumeric></span></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_edei--SecurityExchangeName_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_zmPq63MXTTsg"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.875PercentDue2027Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 0.1in; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_edei--Security12bTitle_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_z2OGOOslYCN"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.625PercentDue2030Member" name="dei:Security12bTitle">1.625% Notes due 2030</ix:nonNumeric></span></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_edei--TradingSymbol_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_zkTY7NMWoUv8"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.625PercentDue2030Member" name="dei:TradingSymbol">O30</ix:nonNumeric></span></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_edei--SecurityExchangeName_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_z3V36FLPzVy"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.625PercentDue2030Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 0.1in; text-align: left"><span id="xdx_90B_edei--Security12bTitle_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_zsNe8qrV524a"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.750PercentDue2033Member" name="dei:Security12bTitle">1.750% Notes due 2033</ix:nonNumeric></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span id="xdx_905_edei--TradingSymbol_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_zLQahdWqQG67"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.750PercentDue2033Member" name="dei:TradingSymbol">O33A</ix:nonNumeric></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span id="xdx_90C_edei--SecurityExchangeName_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_z75IjwXpQEE9"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes1.750PercentDue2033Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="padding-left: 0.1in; text-align: left"><span id="xdx_909_edei--Security12bTitle_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_zafxva8CBrR3"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes2.500PercentDue2042Member" name="dei:Security12bTitle">2.500% Notes due 2042</ix:nonNumeric></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span id="xdx_909_edei--TradingSymbol_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_zuAVuqh3uQAl"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes2.500PercentDue2042Member" name="dei:TradingSymbol">O42</ix:nonNumeric></span></td>
    <td>&#160;</td>
    <td style="text-align: center"><span id="xdx_90F_edei--SecurityExchangeName_c20221003__20221003__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_zf0mA3Sv3hd8"><ix:nonNumeric contextRef="From2022-10-032022-10-03_custom_Notes2.500PercentDue2042Member" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Indicate by check mark whether the registrant is
an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Emerging growth company <span style="font-family: Wingdings"><span id="xdx_90A_edei--EntityEmergingGrowthCompany_c20221003__20221003_zNsqb7Hs51wi"><ix:nonNumeric contextRef="From2022-10-03to2022-10-03" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section&#160;13(a)&#160;of the Exchange Act. <span style="font-family: Wingdings">&#168;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><div style="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 8.01 Other Events</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On October 3, 2022, Realty Income Corporation (the
&#8220;<span style="text-decoration: underline">Company</span>&#8221;) entered into a purchase agreement with Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and Mizuho Securities USA LLC, as representatives (the &#8220;<span style="text-decoration: underline">Representatives</span>&#8221;) of the underwriters listed
therein (the &#8220;<span style="text-decoration: underline">Underwriters</span>&#8221;), pursuant to which the Company agreed to issue and sell to the Underwriters $750,000,000
aggregate principal amount of its 5.625% Notes due 2032. The offering is anticipated to close on October 13, 2022, subject to the satisfaction
of customary closing conditions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Forward-Looking Statements</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0">This Current Report on Form 8-K may include forward-looking statements within the meaning of the Private Securities Litigation Reform
Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used
herein, the words "estimated," "anticipated," "expect," "believe," "intend," &#8220;preliminary,&#8221; and similar expressions are intended
to identify forward-looking statements. Forward-looking statements also include discussions of our business and portfolio including future
operations and results, the announcement of operating results, strategy, plans, and the intentions of management. Forward-looking statements
are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected
results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a
real estate investment trust; general domestic and foreign business and economic conditions; competition; fluctuating interest and currency
rates; access to debt and equity capital markets; continued volatility and uncertainty in the credit markets and broader financial markets;
other risks inherent in the real estate business including our clients' defaults under leases, potential liability relating to environmental
matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate
assets; changes in income tax laws and rates; the continued evolution of the COVID-19 pandemic and the measures taken to limit its spread,
and its impacts on us, our business, our clients (including those in the theater industry), or the economy generally; the timing and pace
of reopening efforts at the local, state and national level in response to the COVID-19 pandemic and developments, such as the unexpected
surges in COVID-19 cases, that cause a delay in or postponement of reopenings; the outcome of any legal proceedings to which we are a
party or which may occur in the future; acts of terrorism and war; any effects of uncertainties regarding whether the anticipated benefits
or results of our merger with VEREIT, Inc. will be achieved; and those additional risks and factors discussed in our reports filed with
the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Those forward-looking
statements are not guarantees of future plans and performance and speak only as of the date of this report. Actual plans and operating
results may differ materially from what is expressed or forecasted in this press release. We do not undertake any obligation to publicly
release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the
date these statements were made.<b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 9.01 Financial Statements and Exhibits</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) Exhibits</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="padding: 0.25pt; width: 9%; text-align: center"><a href="tm2227092d5_ex1-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">1.1</span></a></td>
    <td style="padding: 0.25pt; width: 2%">&#160;</td>
    <td style="padding: 0.25pt; width: 89%"><a href="tm2227092d5_ex1-1.htm" style="-sec-extract: exhibit"><span style="font-size: 10pt">Purchase Agreement, dated October 3, 2022 between the Representatives of the Underwriters and the Company.</span></a></td></tr>
  <tr>
    <td style="padding: 0.25pt; vertical-align: top; text-align: center"><span style="font-size: 10pt">104</span></td>
    <td style="padding: 0.25pt; vertical-align: bottom">&#160;</td>
    <td style="padding: 0.25pt; vertical-align: top"><span style="font-size: 10pt">Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 4 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="font-size: 10pt"><span style="font-size: 10pt">Dated: October 5, 2022</span></td>
    <td colspan="2" style="font-size: 10pt"><span style="font-size: 10pt">REALTY INCOME CORPORATION</span></td></tr>
  <tr style="vertical-align: top">
    <td style="width: 50%">&#160;</td>
    <td style="width: 4%">&#160;</td>
    <td style="width: 46%">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt"><span style="font-size: 10pt">By:</span></td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt"><span style="font-size: 10pt">/s/ Bianca Martinez</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="font-size: 10pt"><span style="font-size: 10pt">Bianca Martinez</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="font-size: 10pt"><span style="font-size: 10pt">Senior Vice President, Associate General Counsel and Assistant Secretary</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 5; Options: Last -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>


</body>
</html>
<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJyNkNFKwzAYhZ9g7/BT8G5sSdqu0jutOsRtjDFEEC9i+0+CbTKSdLpH8i1NU0Q6W1wohJz/nPM1CYJxMFd3okQNT9ebBWyx2pfcImxwhxpljs6R3T+k4PYNvgljNZfWH3+CmXIZdJl4QlnuBt56EAaLFEg0ZcmUMaA0jQmsl8GomWdK7kSB0gpeApcFrLXaa4GW62PbsOWfSqrq6FGPqI1QMgU6Ie34CxihDFbqwD+UfjewWGTBaOzXKJhrVe8bTG2squC2xMqxTBv9/fyv5N6TrpRFQ90N4jXq3LlvamSEJUusXlE7HyEsJPSq4XvbBfgIFDVCYxzS4bmteBmGzrrQkPRDZ6fl4aB+BjSJSQca9kOd7aQ8HNLPgF4mZz2vs/U+b4/+L5RNYtK5acT6oN7WLY/YkP4H+g1BlOgF -->
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>tm2227092d5_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 1.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">$750,000,000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REALTY INCOME CORPORATION<BR>
(a Maryland Corporation)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5.625% Notes due 2032</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURCHASE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">October 3, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Table of Contents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><U>Page</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="width: 90%; text-align: left">SECTION 1. <U>Representations and Warranties</U></TD>
    <TD STYLE="width: 10%; text-align: right">3</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 2. <U>Sale and Delivery to the Underwriters; Closing</U></TD>
    <TD STYLE="text-align: right">18</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 3. <U>Covenants of the Company</U></TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 4. <U>Payment of Expenses</U></TD>
    <TD STYLE="text-align: right">23</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 5. <U>Conditions of Underwriters&rsquo; Obligations</U></TD>
    <TD STYLE="text-align: right">24</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 6. <U>Indemnification</U></TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 7. <U>Contribution</U></TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 8. <U>Representations, Warranties and Agreements to Survive Delivery</U></TD>
    <TD STYLE="text-align: right">30</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 9. <U>Termination of Agreement</U></TD>
    <TD STYLE="text-align: right">30</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 10. <U>Default by One or More of the Underwriters</U></TD>
    <TD STYLE="text-align: right">31</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 11. <U>Notices</U></TD>
    <TD STYLE="text-align: right">31</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 12. <U>Parties</U></TD>
    <TD STYLE="text-align: right">32</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 13. <U>Recognition of the U.S. Special Resolution Regimes</U></TD>
    <TD STYLE="text-align: right">32</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 14. <U>No Advisory or Fiduciary Responsibility; Tax Disclosure</U></TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 15. <U>Integration</U></TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 16. <U>GOVERNING LAW AND TIME</U></TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 17. <U>Waiver of Jury Trial</U></TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; text-transform: uppercase">
    <TD STYLE="text-align: left">SECTION 18. <U>Effect of Headings and Table of Contents; Counterparts</U></TD>
    <TD STYLE="text-align: right">34</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 8%; text-align: left">Schedule&nbsp;A</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: right">&ndash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 79%">List of Underwriters</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">Sch
                                            A-1</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Schedule&nbsp;B</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&ndash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Pricing Schedule</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">Sch
                                            B-1</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Schedule C</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&ndash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Pricing Term Sheet</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">Sch
                                            C-1</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Schedule D</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&ndash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Issuer General Use Free Writing Prospectuses</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">Sch
                                            D-1</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;A</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&ndash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form of Opinion of Latham&nbsp;&amp; Watkins&nbsp;LLP</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">A-1</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Exhibit&nbsp;B</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&ndash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Form of Opinion of Venable&nbsp;LLP</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">B-1</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">$750,000,000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REALTY INCOME CORPORATION<BR>
(a Maryland corporation)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5.625% Notes due 2032</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>PURCHASE AGREEMENT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">October 3, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Barclays Capital Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">745 Seventh Avenue</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">New York, New York 10019</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Citigroup Global Markets Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">388 Greenwich Street</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">New York, New York 10013</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">J.P. Morgan Securities LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">383 Madison Avenue</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">New York, New York 10179</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Mizuho Securities USA LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">1271 Avenue of the Americas</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">New York, New York 10020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As Representatives of the several Underwriters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Realty Income Corporation, a Maryland corporation (the &ldquo;Company&rdquo;),
confirms its agreement with the underwriters named in Schedule&nbsp;A hereto (the &ldquo;Underwriters&rdquo; which term shall also include
any underwriter substituted as hereinafter provided in Section&nbsp;10 hereof), for whom Barclays Capital Inc. (&ldquo;Barclays&rdquo;),
Citigroup Global Markets Inc. (&ldquo;Citi&rdquo;), J.P. Morgan Securities LLC (&ldquo;J.P. Morgan&rdquo;) and Mizuho Securities USA
LLC (&ldquo;Mizuho&rdquo;) are acting as representatives (Barclays, Citi, J.P. Morgan and Mizuho, in such capacities, the &ldquo;Representatives&rdquo;),
with respect to the sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of $750,000,000 aggregate
principal amount of the Company&rsquo;s 5.625% Notes due 2032 (the &ldquo;Securities&rdquo;). The Securities are to be issued pursuant
to an indenture dated as of October&nbsp;28, 1998 (the &ldquo;Indenture&rdquo;) between the Company and The Bank of New York Mellon Trust
Company, N.A., as successor trustee (the &ldquo;Trustee&rdquo;) to The Bank of New York, the original trustee (the &ldquo;Original Trustee&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company understands that the Underwriters
propose to make a public offering of the Securities as soon as the Representatives deem advisable after this Agreement has been executed
and delivered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On November 1, 2021 (the &ldquo;<U>Acquisition
Date</U>&rdquo;), the Company completed the acquisition (the &ldquo;<U>Acquisition</U>&rdquo;) of VEREIT, Inc. (&ldquo;<U>VEREIT</U>&rdquo;
or the &ldquo;<U>Acquired Company</U>&rdquo;) pursuant to the Agreement and Plan of Merger dated as of April 29, 2021, as amended on
June 25, 2021 (the &ldquo;<U>Acquisition Agreement</U>,&rdquo; which term, as used herein, includes all exhibits, schedules and attachments
thereto, in each case as amended or supplemented, if applicable, from time to time) by and among the Company, Rams MD Subsidiary I, Inc.
(&ldquo;<U>Merger Sub I</U>&rdquo;), Rams Acquisition Sub II, LLC, VEREIT, and VEREIT Operating Partnership, L.P. (&ldquo;<U>VEREIT OP</U>&rdquo;
and, together with VEREIT, collectively, the &ldquo;<U>Subject Companies</U>&rdquo; and, individually, a &ldquo;<U>Subject Company</U>&rdquo;).
Unless otherwise expressly stated herein, all references to &ldquo;subsidiaries&rdquo; of the Company and similar references shall include,
but not be limited to, the Subject Companies and all other subsidiaries acquired by the Company pursuant to the Acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company has filed with the Securities and
Exchange Commission (the &ldquo;Commission&rdquo;) an automatic shelf registration statement on Form&nbsp;S-3 (No.&nbsp;333-257510) (the
 &ldquo;Current Registration Statement&rdquo;) for the registration of shares of its common stock, par value $0.01 per share (the &ldquo;Common
Stock&rdquo;), shares of its preferred stock, par value $0.01 per share (the &ldquo;Preferred Stock&rdquo;), its debt securities (including
the Securities), depositary shares representing fractional interests in shares of Preferred Stock, and warrants to purchase its debt
securities, Common Stock, Preferred Stock or depositary shares under the Securities Act of 1933, as amended (the &ldquo;1933 Act&rdquo;),
including the related preliminary prospectus or prospectuses. Promptly after execution and delivery of this Agreement, the Company will
prepare and file a final prospectus supplement and the Base Prospectus (as hereinafter defined) in accordance with the provisions of
Rule&nbsp;430B (&ldquo;Rule&nbsp;430B&rdquo;) of the rules and regulations of the Commission under the 1933 Act (the &ldquo;1933 Act
Regulations&rdquo;) and paragraph&nbsp;(b) of Rule&nbsp;424 (&ldquo;Rule&nbsp;424(b)&rdquo;) of the 1933 Act Regulations. Any information
included in such final prospectus supplement or the Base Prospectus that was omitted from the Current Registration Statement at the time
it became effective but that is deemed to be part of and included in the Current Registration Statement pursuant to paragraph&nbsp;(f)
of Rule&nbsp;430B under the 1933 Act Regulations is referred to as the &ldquo;Rule&nbsp;430B Information.&rdquo; Each prospectus, together
with the related prospectus supplement, relating to the Securities that omitted the Rule&nbsp;430B Information or that was captioned
 &ldquo;Subject to Completion&rdquo; or &ldquo;Preliminary&rdquo; (or a similar caption) that was used after the date on which the Current
Registration Statement first became effective and prior to the execution and delivery of this Agreement is herein called, together with
the documents incorporated or deemed to be incorporated by reference therein pursuant to Item&nbsp;12 of Form&nbsp;S-3 under the 1933
Act, a &ldquo;preliminary prospectus&rdquo; and all references herein to any &ldquo;preliminary prospectus&rdquo; shall be deemed to
include the Statutory Prospectus (as hereinafter defined). The Current Registration Statement, at any given time, including the amendments
thereto at such time, the exhibits and any schedules thereto at such time, if any, and documents incorporated and deemed to be incorporated
by reference therein pursuant to Item&nbsp;12 of Form&nbsp;S-3 under the 1933 Act at such time, and the documents and information (including,
without limitation, any 430B Information) otherwise deemed to be a part thereof or included therein by the 1933 Act Regulations at such
time, are hereinafter called, collectively, the &ldquo;Registration Statement.&rdquo; The prospectus dated June 29, 2021 (the &ldquo;Base
Prospectus&rdquo;) and the final prospectus supplement relating to the offering of the Securities, including the documents incorporated
and deemed to be incorporated by reference therein pursuant to Item 12 of Form&nbsp;S-3 under the 1933 Act, in the form first furnished
(electronically or otherwise) to the Underwriters for use in connection with the offering of the Securities (whether to meet the requests
of purchasers pursuant to Rule&nbsp;173 under the 1933 Act Regulations or otherwise) or, if not furnished to the Underwriters, in the
form first filed by the Company pursuant to Rule&nbsp;424(b), are herein called, collectively, the &ldquo;Prospectus.&rdquo; For purposes
of this Agreement, all references to the Registration Statement, any preliminary prospectus, the Statutory Prospectus, the Prospectus
or any Issuer Free Writing Prospectus (as hereinafter defined) or any amendment or supplement to any of the foregoing shall be deemed
to include any copy filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval system (&ldquo;EDGAR&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All references in this Agreement to financial
statements and schedules and other information which is &ldquo;described,&rdquo; &ldquo;disclosed,&rdquo; &ldquo;contained,&rdquo; &ldquo;included,&rdquo;
 &ldquo;made,&rdquo; &ldquo;stated&rdquo; or &ldquo;referred to&rdquo; in the Registration Statement, any preliminary prospectus, the
Statutory Prospectus or the Prospectus (or other references of like import) shall be deemed to mean and include all such financial statements
and schedules and other information which is incorporated or deemed to be incorporated by reference in, or otherwise deemed by the 1933
Act Regulations (including, without limitation, Rule&nbsp;430B(f) of the 1933 Act Regulations) to be a part of or included in, the Registration
Statement, such preliminary prospectus, the Statutory Prospectus or the Prospectus, as the case may be; and all references in this Agreement
to amendments or supplements to the Registration Statement, any preliminary prospectus, the Statutory Prospectus or the Prospectus shall
be deemed to mean and include the filing of any document under the Securities Exchange Act of 1934, as amended (the &ldquo;1934 Act&rdquo;)
or the rules and regulations promulgated thereunder (the &ldquo;1934 Act Regulations&rdquo;), which is incorporated or deemed to be incorporated
by reference in the Registration Statement, such preliminary prospectus, the Statutory Prospectus or the Prospectus, as the case may
be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All references in this Agreement to properties
or improvements &ldquo;owned by&rdquo; or &ldquo;of&rdquo; the Company or any of its subsidiaries shall be deemed to mean and include
all properties and improvements which are leased by the Company or any of its subsidiaries, as lessee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
1.&nbsp; </FONT><U>Representations and Warranties</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Representations and Warranties by the Company</I>. The Company represents and warrants to each Underwriter as of the date hereof,
as of the Applicable Time referred to in Section&nbsp;1(a)(i) hereof, and as of the Closing Time referred to in Section&nbsp;2(b) hereof,
and agrees with each Underwriter, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Compliance with Registration Requirements</U>. (A)&nbsp;At the time that the Registration Statement was originally filed, (B)&nbsp;at
the time of the most recent amendment thereto for the purposes of complying with Section&nbsp;10(a)(3) of the 1933 Act (whether such
amendment was by post-effective amendment, incorporated report filed pursuant to Section&nbsp;13 or 15(d) of the 1934 Act or form of
prospectus), (C)&nbsp;at the time the Company or any person acting on its behalf (within the meaning, for this clause only, of Rule&nbsp;163(c)
of the 1933 Act Regulations) made any offer relating to the Securities in reliance on the exemption of Rule&nbsp;163 of the 1933 Act
Regulations and (D)&nbsp;at the date hereof, the Company (x)&nbsp;was and is a &ldquo;well-known seasoned issuer&rdquo; as defined in
Rule&nbsp;405 of the 1933 Act Regulations (&ldquo;Rule&nbsp;405&rdquo;) and (y)&nbsp;was not and is not an &ldquo;ineligible issuer&rdquo;
as defined in Rule&nbsp;405. The Registration Statement is an &ldquo;automatic shelf registration statement,&rdquo; as defined in Rule&nbsp;405,
and the Securities, since their registration on the Registration Statement, have been and remain eligible for registration by the Company
on an &ldquo;automatic shelf registration statement&rdquo; as defined in Rule&nbsp;405. The Company has not received from the Commission
any notice pursuant to Rule&nbsp;401(g)(2) of the 1933 Act Regulations (&ldquo;Rule&nbsp;401(g)(2)&rdquo;) objecting to the use of the
automatic shelf registration statement form. At the earliest time after the original filing of the Registration Statement that the Company
or another offering participant (with respect to the offering contemplated hereby) made a <I>bona fide</I> offer (within the meaning
of Rule&nbsp;164(h)(2) of the 1933 Act Regulations) of the Securities, the Company was not an &ldquo;ineligible issuer,&rdquo; as defined
in Rule&nbsp;405. The Indenture has been duly qualified under the Trust Indenture Act of 1939, as amended (the &ldquo;1939 Act&rdquo;),
and the Trustee has duly filed with the Commission a Statement of Eligibility on Form&nbsp;T-1 as an exhibit to the Registration Statement
or pursuant to Section&nbsp;305(b)(2) of the 1939 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">The Registration Statement became effective
upon filing under Rule&nbsp;462(e) of the 1933 Act Regulations (&ldquo;Rule&nbsp;462(e)&rdquo;) on June 29, 2021, and any post-effective
amendment thereto also became effective upon filing under Rule&nbsp;462(e). No stop order suspending the effectiveness of the Registration
Statement has been issued under the 1933 Act and no proceedings for that purpose have been instituted or are pending or, to the knowledge
of the Company, are contemplated by the Commission, and any request on the part of the Commission for additional information has been
complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Any offer that was a written communication
relating to the Securities made by the Company or any person acting on its behalf (within the meaning, for this paragraph only, of Rule&nbsp;163(c)
of the 1933 Act Regulations) prior to the time that the Registration Statement was originally filed has been filed with the Commission
in accordance with the exemption provided by Rule&nbsp;163 of the 1933 Act Regulations (&ldquo;Rule&nbsp;163&rdquo;) and otherwise complied
with the requirements of Rule&nbsp;163, including without limitation the legending requirement, to qualify such offer for the exemption
from Section&nbsp;5(c) of the 1933 Act provided by Rule&nbsp;163.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">At the respective times the Registration
Statement originally became effective and any amendment thereto became effective, at the time (if subsequent to the time that the Registration
Statement originally became effective) the Company&rsquo;s most recent Annual Report on Form&nbsp;10-K was filed with the Commission,
at each &ldquo;new effective date&rdquo; with respect to the Underwriters pursuant to Rule&nbsp;430B(f)(2) of the 1933 Act Regulations,
and at the Closing Time, the Registration Statement and any amendments and supplements thereto complied and will comply in all material
respects with the applicable requirements of the 1933 Act, the 1933 Act Regulations, the 1939 Act, and the rules and regulations of the
Commission under the 1939 Act (the &ldquo;1939 Act Regulations&rdquo;), and did not and will not contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, and,
at the date hereof and at the Closing Time, neither the Prospectus nor any amendments or supplements thereto contained or will contain
any untrue statement of a material fact or omitted or will omit to state a material fact necessary in order to make the statements therein,
in the light of the circumstances under which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Each preliminary prospectus and Prospectus
filed as part of the Registration Statement as originally filed or as part of any amendment thereto, or filed pursuant to Rule&nbsp;424
of the 1933 Act Regulations, complied when so filed in all material respects with the 1933 Act and the 1933 Act Regulations and, if applicable,
each preliminary prospectus and the Prospectus delivered to the Underwriters for use in connection with this offering was identical to
the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation
S-T of the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">As of the Applicable Time, neither (x)&nbsp;all
Issuer General Use Free Writing Prospectuses (as defined below) issued at or prior to the Applicable Time (including, without limitation,
the Pricing Term Sheet, as hereinafter defined) and the Statutory Prospectus, considered together (collectively, the &ldquo;General Disclosure
Package&rdquo;), nor (y)&nbsp;any individual Issuer Limited Use Free Writing Prospectus, when considered together with the General Disclosure
Package, included or will include any untrue statement of a material fact or omitted or will omit to state any material fact necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">As used in this subsection and elsewhere
in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Applicable Time&rdquo; means
5:35 P.M. (New York time) on October 3, 2022 or such other time as agreed by the Company and the Representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Issuer Free Writing Prospectus&rdquo;
means any &ldquo;issuer free writing prospectus,&rdquo; as defined in Rule&nbsp;433 of the 1933 Act Regulations (&ldquo;Rule&nbsp;433&rdquo;);
and includes, without limitation, any &ldquo;free writing prospectus&rdquo; (as defined in Rule 405) relating to the Securities or the
offering thereof that (i)&nbsp;is required to be filed with the Commission by the Company, (ii)&nbsp;is a &ldquo;road show that is a
written communication&rdquo; within the meaning of Rule&nbsp;433(d)(8)(i), whether or not required to be filed with the Commission, or
(iii)&nbsp;is exempt from filing pursuant to Rule&nbsp;433(d)(5)(i) because it contains a description of the Securities or of the offering
that does not reflect the final terms, in each case in the form filed or required to be filed with the Commission or, if not required
to be filed, in the form retained in the Company&rsquo;s records pursuant to Rule&nbsp;433(g).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Issuer General Use Free Writing
Prospectus&rdquo; means any Issuer Free Writing Prospectus that is intended for general distribution to prospective investors, as evidenced
by its being specified in Schedule&nbsp;D hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Issuer Limited Use Free Writing
Prospectus&rdquo; means any Issuer Free Writing Prospectus that is not an Issuer General Use Free Writing Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Statutory Prospectus&rdquo; means
the Base Prospectus and the preliminary prospectus dated October 3, 2022 relating to the Securities, including the documents incorporated
and deemed to be incorporated by reference therein pursuant to Item 12 of Form&nbsp;S-3 under the 1933 Act, in the form first furnished
(electronically or otherwise) to the Underwriters for use in connection with the offering of the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Each Issuer Free Writing Prospectus,
as of its issue date and at all subsequent times through the completion of the public offer and sale of the Securities or until any earlier
date that the Company notified or notifies the Representatives as described in Section&nbsp;3(f), did not, does not and will not include
any information that conflicted, conflicts or will conflict with the information contained in the Registration Statement, the Statutory
Prospectus or the Prospectus, including any document incorporated by reference therein that has not been superseded or modified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">The representations and warranties in
this subsection 1(a)(i) shall not apply to statements in or omissions from the Registration Statement, the Prospectus or any Issuer Free
Writing Prospectus made in reliance upon and in conformity with written information furnished to the Company by any Underwriter through
the Representatives expressly for use therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Incorporated Documents</U>. The documents incorporated or deemed to be incorporated by reference in the Registration Statement, the
General Disclosure Package and the Prospectus, at the time they were or hereafter are filed with the Commission, complied and will comply
in all material respects with the requirements of the 1934 Act and the 1934 Act Regulations, and, when read together with the other information
in the General Disclosure Package and the Prospectus, (a)&nbsp;at the time the Registration Statement first became effective, (b)&nbsp;at
the time (if subsequent to the time that the Registration Statement first became effective) the Company&rsquo;s most recent Annual Report
on Form&nbsp;10-K was filed with the Commission, (c)&nbsp;at each &ldquo;new effective date&rdquo; with respect to the Underwriters pursuant
to Rule&nbsp;430B(f)(2) of the 1933 Act Regulations, (d)&nbsp;at the date hereof, and (e)&nbsp;at the Closing Time, did not and will
not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Independent Accountants</U>. The accountants who certified the financial statements and supporting schedules included in the Registration
Statement, the Statutory Prospectus and the Prospectus are independent public accountants as required by the 1933 Act and the 1933 Act
Regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Financial Statements</U>. The consolidated financial statements of the Company included in the Registration Statement, the General
Disclosure Package and the Prospectus, together with the related schedules and notes, present fairly the consolidated financial position
of the Company and its subsidiaries at the dates indicated and the consolidated income, stockholders&rsquo; equity and cash flows of
the Company and its subsidiaries for the periods specified; said consolidated financial statements have been prepared in conformity with
generally accepted accounting principles (&ldquo;GAAP&rdquo;) applied on a consistent basis throughout the periods involved. The supporting
schedules included in the Registration Statement present fairly in accordance with GAAP the information required to be stated therein.
The historical and pro forma selected financial data, if any, and historical and pro forma summary financial information, if any, included
in the General Disclosure Package and the Prospectus present fairly the information shown therein and have been compiled on a basis consistent
with that of the audited financial statements included in the Registration Statement and, in the case of any such pro forma data, the
pro forma financial statements included in the Registration Statement, the General Disclosure Package and the Prospectus. The pro forma
financial statements and related notes included in the Registration Statement, the General Disclosure Package and the Prospectus fairly
present in all material respects the information shown therein, have been prepared in accordance with the Commission&rsquo;s rules and
guidelines with respect to pro forma financial statements and have been properly compiled on the basis described therein, and the assumptions
used in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and
circumstances referred to therein; and any pro forma financial information included in the Registration Statement, the General Disclosure
Package and the Prospectus has been accurately and appropriately derived therefrom. All disclosures contained in the Registration Statement,
the General Disclosure Package and the Prospectus regarding &ldquo;non-GAAP financial measures&rdquo; (as such term is defined by the
rules and regulations of the Commission) comply with Regulation G under the 1934 Act and Item&nbsp;10 of Regulation S-K of the 1933 Act
Regulations, to the extent applicable. The interactive data in eXtensible Business Reporting Language included in any of the documents
incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus fairly presents the information
called for in all material respects and has been prepared in accordance with the Commission&rsquo;s rules and guidelines applicable thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>No Material Adverse Change in Business</U>. Since the respective dates as of which information is given in the Registration Statement,
the General Disclosure Package and the Prospectus, except as otherwise stated therein, (A)&nbsp;there has been no material adverse change
in the condition, financial or otherwise, or in the earnings, business affairs, financial prospects or business prospects of the Company
and its subsidiaries considered as one enterprise (a &ldquo;Material Adverse Effect&rdquo;), whether or not arising in the ordinary course
of business, (B)&nbsp;there have been no transactions entered into by the Company or any of its subsidiaries, other than those in the
ordinary course of business, which are material with respect to the Company and its subsidiaries considered as one enterprise, and (C)&nbsp;except
for regular monthly distributions on the Common Stock in amounts per share that are consistent with past practice, there has been no
dividend or distribution of any kind declared, paid or made by the Company on any class of its stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Good
Standing of the Company</U>. The Company is a corporation duly organized and validly existing under the laws of the State of Maryland
and is in good standing with the State Department of Assessments and Taxation of Maryland and has corporate power and authority to own,
lease and operate its properties and to conduct its business as described in the General Disclosure Package and the Prospectus and to
enter into and perform its obligations under this Agreement, the Indenture and the Securities; and the Company is duly qualified as a
foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required,
whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be
in good standing would not result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Good
Standing of Subsidiaries</U>. The Company does not hold any equity interest in any corporation, limited or general partnership, limited
liability company, business trust, joint venture or entity other than its subsidiaries and the joint ventures acquired in connection
with the Acquisition. Each subsidiary of the Company has been duly organized and is validly existing as a partnership, limited liability
company, business trust or corporation, as the case may be, in good standing under the laws of the state of its organization and has
power and authority as a partnership, limited liability company, business trust or corporation, as the case may be, to own, lease and
operate its properties and to conduct its business as described in the General Disclosure Package and the Prospectus; each such subsidiary
is duly qualified as a foreign partnership, limited liability company, business trust or corporation, as the case may be, to transact
business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership
or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result
in a Material Adverse Effect; except as otherwise disclosed in the General Disclosure Package and the Prospectus, all of the issued and
outstanding partnership interests, limited liability company interests, business trust interests and shares of capital stock, as the
case may be, of each such subsidiary have been duly authorized (if applicable) and validly issued and are fully paid and are non-assessable
(except to the extent that the general partners of subsidiaries which are partnerships may be liable for the obligations of such partnerships)
and are owned by the Company, directly or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance,
claim or equity; none of the outstanding partnership interests, limited liability company interests, business trust interests or shares
of capital stock, as the case may be, of such subsidiaries were issued in violation of preemptive or other similar rights arising by
operation of law, under the partnership agreement, declaration of trust or trust agreement, limited liability company agreement (or other
similar agreement) or charter or bylaws, as the case may be, of any such subsidiary or under any agreement or instrument to which the
Company or any such subsidiary is a party. Other than Tau Operating Partnership, L.P., Tau Acquisition LLC, Cole REIT LP, Merger Sub
I, RI Crown Limited, VEREIT OP and VEREIT Real Estate LP, as of the date of the Company&rsquo;s most recent balance sheet included or
incorporated by reference in the Registration Statement and the Prospectus, no direct or indirect subsidiary of the Company had (on an
unconsolidated basis) total assets in excess of 5% of the Company&rsquo;s consolidated assets as of that date or, for the six months
then ended, would have had (on an unconsolidated basis) rental revenue in excess of 5% of the Company&rsquo;s consolidated rental revenue
for such period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Capitalization</U>.
The authorized Common Stock of the Company and the issued and outstanding Common Stock of the Company are as set forth in the line item
 &ldquo;Common stock and paid in capital&rdquo; set forth in the consolidated balance sheet as of June 30, 2022 contained in the Company&rsquo;s
Quarterly Report on Form&nbsp;10-Q for the quarter ended June 30, 2022 (except for subsequent issuances, if any, pursuant to employee
benefit plans (including any exercise of equity awards pursuant thereto), the Company&rsquo;s dividend reinvestment and stock purchase
plan or the Company&rsquo;s &ldquo;at-the-market&rdquo; program, or any other subsequent issuance, in each case, referred to in the Statutory
Prospectus and the Prospectus). There are no outstanding securities convertible into or exchangeable or exercisable for shares of Common
Stock or Preferred Stock other than Common Stock issuable pursuant to equity awards issued under the Company&rsquo;s employee benefit
plans referred to in the Statutory Prospectus and the Prospectus and up to 2,000,000 shares of Common Stock that may be issued upon the
exchange of certain limited partnership interests in Realty Income, L.P., a Maryland limited partnership (&ldquo;RI LP&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Authorization of Agreement</U>. This Agreement has been duly authorized, executed and delivered by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Authorization of Capital Stock</U>. The shares of issued and outstanding Common Stock have been duly authorized and validly issued
and are fully paid and non-assessable; none of the outstanding shares of Common Stock was issued in violation of preemptive or other
similar rights arising by operation of law, under the charter or bylaws of the Company, under any agreement or instrument to which the
Company or any of its subsidiaries is a party or otherwise, and the Common Stock conforms to all statements relating thereto contained
or incorporated by reference in the General Disclosure Package and the Prospectus and such statements conform to the rights set forth
in the instruments defining the same.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Absence of Defaults and Conflicts</U>. Neither the Company nor any of its subsidiaries is in violation of its charter or bylaws, its
partnership agreement, declaration of trust or trust agreement, or its limited liability company agreement (or other similar agreement),
as the case may be, or in default in the performance or observance of any obligation, agreement, covenant or condition contained in any
contract, indenture, mortgage, deed of trust, loan or credit agreement, note, lease or other agreement or instrument to which the Company
or any of its subsidiaries is a party or by which any of them may be bound or to which any of the respective properties or assets of
the Company or any subsidiary is subject (collectively, &ldquo;Agreements and Instruments&rdquo;), except for such defaults that would
not have a Material Adverse Effect; and the execution, delivery and performance of this Agreement, the Indenture and the Securities and
the consummation of the transactions contemplated herein and therein (including the issuance and sale of the Securities and the use of
the proceeds from the sale of the Securities as described in the Statutory Prospectus and the Prospectus under the caption &ldquo;Use
of Proceeds&rdquo;) and compliance by the Company with its obligations hereunder and thereunder have been duly authorized by all necessary
corporate action and do not and will not, whether with or without the giving of notice or passage of time or both, conflict with or constitute
a breach of, or default or Repayment Event (as defined below) under, or result in the creation or imposition of any lien, charge or encumbrance
upon any property or assets of the Company or any subsidiary pursuant to, any Agreement or Instrument, except for such conflicts, breaches
or defaults or liens, charges or encumbrances that, individually or in the aggregate, would not have a Material Adverse Effect, nor will
such action result in any violation of the provisions of the charter or bylaws of the Company or any applicable law, rule, regulation,
or governmental or court judgment, order, writ or decree. Neither the Company nor any of its subsidiaries is subject to any governmental
or court judgment, order, writ or decree that is material with respect to the Company and its subsidiaries considered as one enterprise.
As used herein, a &ldquo;Repayment Event&rdquo; means any event or condition which gives the holder of any note, debenture or other evidence
of indebtedness (or any person acting on such holder&rsquo;s behalf) the right to require the repurchase, redemption or repayment of
all or a portion of such indebtedness by the Company or any subsidiary of the Company or any of its subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Absence of Labor Dispute</U>. No labor dispute with the employees of the Company or any subsidiary of the Company exists or, to the
best knowledge of the Company, is imminent; and the Company is not aware of any existing or imminent labor disturbance by the employees
of any of its or any subsidiary&rsquo;s tenants, which, in either case, could reasonably be expected, individually or in the aggregate,
to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Absence of Proceedings</U>. The Company has not received any notice of any action, suit, proceeding, inquiry or investigation before
or by any court or governmental agency or body, domestic or foreign, and there is no such proceeding now pending or, to the best knowledge
of the Company, threatened, against or affecting the Company or any of its subsidiaries, which is required to be disclosed in the Registration
Statement, the Statutory Prospectus or the Prospectus (other than as disclosed therein), or which could reasonably be expected to result
in a Material Adverse Effect, or which could reasonably be expected to materially and adversely affect the consummation of this Agreement
or the performance by the Company of its obligations under this Agreement, the Indenture or the Securities; and the aggregate of all
pending legal or governmental proceedings to which the Company or any subsidiary is a party or of which any of their respective property
or assets is the subject which are not described in the Registration Statement, the Statutory Prospectus or the Prospectus, including
ordinary routine litigation incidental to the business, could not reasonably be expected to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Accuracy of Exhibits</U>. There are no contracts or documents which are required to be described in the Registration Statement, the
Statutory Prospectus or the Prospectus or the documents incorporated by reference therein or to be filed as exhibits thereto which have
not been so described and/or filed as required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Possession of Intellectual Property</U>. The Company and its subsidiaries own or possess, or can acquire on reasonable terms, adequate
patents, patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable
proprietary or confidential information, systems or procedures), trademarks, service marks, trade names or other intellectual property
(collectively, &ldquo;Intellectual Property&rdquo;) necessary to carry on the business now operated by them, and neither the Company
nor any of its subsidiaries has received any notice or is otherwise aware of any infringement of or conflict with asserted rights of
others with respect to any Intellectual Property or of any facts or circumstances which would render any Intellectual Property invalid
or inadequate to protect the interest of the Company or any of its subsidiaries therein, and which infringement or conflict (if the subject
of any unfavorable decision, ruling or finding) or invalidity or inadequacy, singly or in the aggregate, would result in a Material Adverse
Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Absence of Further Requirements</U>. No filing with, or authorization, approval, consent, license, order, registration, qualification
or decree of, any court or governmental authority or agency is necessary or required for the performance by the Company of its obligations
under this Agreement, the Indenture or the Securities, in connection with the offering, issuance or sale of the Securities hereunder
or the consummation of the other transactions contemplated by this Agreement, the Indenture or the Securities, except such as have been
already made or obtained under the 1933 Act, the 1933 Act Regulations, the 1939 Act or the 1939 Act Regulations or as may be required
under state securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xvii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Possession of Licenses and Permits</U>. The Company and its subsidiaries possess such permits, licenses, approvals, consents and other
authorizations (collectively, &ldquo;Governmental Licenses&rdquo;) issued by the appropriate federal, state, local or foreign regulatory
agencies or bodies necessary to conduct the business now operated by them and the Company and its subsidiaries are in compliance with
the terms and conditions of all such Governmental Licenses, except where the failure so to possess or comply would not, singly or in
the aggregate, have a Material Adverse Effect; all of the Governmental Licenses are valid and in full force and effect, except where
the invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force and effect would not, singly
or in the aggregate, have a Material Adverse Effect; and neither the Company nor any of its subsidiaries has received any notice of proceedings
relating to the revocation or modification of any such Governmental Licenses which, singly or in the aggregate, if the subject of an
unfavorable decision, ruling or finding, would result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xviii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Investment Company Act</U>. The Company is not, and upon the issuance and sale of the Securities as herein contemplated and the application
of the net proceeds therefrom as described in the Statutory Prospectus and the Prospectus under &ldquo;Use of Proceeds&rdquo; will not
be, an &ldquo;investment company&rdquo; as such term is defined in the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Partnership Agreements</U>. Each of the partnership agreements, declarations of trust or trust agreements, limited liability company
agreements (or other similar agreements) and, if applicable, joint venture agreements to which the Company or any of its subsidiaries
is a party has been duly authorized, executed and delivered by the Company or the relevant subsidiary, as the case may be, and constitutes
the valid and binding agreement of the Company or such subsidiary, as the case may be, enforceable in accordance with its terms, except
as the enforcement thereof may be limited by (A)&nbsp;the effect of bankruptcy, insolvency or other similar laws now or hereafter in
effect relating to or affecting creditors&rsquo; rights generally or (B)&nbsp;the effect of general principles of equity, and the execution,
delivery and performance of such agreements did not, at the time of execution and delivery, and does not constitute a breach of or default
under the charter or bylaws, partnership agreement, declaration of trust or trust agreement, or limited liability company agreement (or
other similar agreement), as the case may be, of the Company or any of its subsidiaries or any of the Agreements and Instruments or any
law, administrative regulation or administrative or court order or decree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xx)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Properties</U>. Except as otherwise disclosed in the General Disclosure Package and the Prospectus: (i)&nbsp;the Company and its subsidiaries
have good and marketable title (either in fee simple or pursuant to a valid leasehold interest) to all properties and assets described
in the Statutory Prospectus and the Prospectus as being owned or leased, as the case may be, by them and to all properties reflected
in the Company&rsquo;s most recent consolidated financial statements included in the Statutory Prospectus and the Prospectus, and neither
the Company nor any of its subsidiaries has received notice of any claim that has been or may be asserted by anyone adverse to the rights
of the Company or any subsidiary with respect to any such properties or assets (or any such lease) or affecting or questioning the rights
of the Company or any such subsidiary to the continued ownership, lease, possession or occupancy of such property or assets, except for
such claims that would not, singly or in the aggregate, have a Material Adverse Effect; (ii)&nbsp;all liens, charges, encumbrances, claims
or restrictions on or affecting the properties and assets of the Company or any of its subsidiaries which are required to be disclosed
in the Registration Statement, the Statutory Prospectus or the Prospectus are disclosed therein, and all such liens, charges, encumbrances,
claims or restrictions which are not disclosed in the Statutory Prospectus and the Prospectus could not reasonably be expected, singly
or in the aggregate, to have a Material Adverse Effect; (iii)&nbsp;no person or entity, including, without limitation, any tenant under
any of the leases pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its properties (whether directly
or indirectly through other partnerships, limited liability companies, business trusts, joint ventures or otherwise) has an option or
right of first refusal or any other right to purchase any of such properties, except for such options, rights of first refusal or other
rights to purchase which, individually or in the aggregate, are not material with respect to the Company and its subsidiaries considered
as one enterprise; (iv)&nbsp;each of the properties of the Company or any of its subsidiaries has access to public rights of way, either
directly or through insured easements, except where the failure to have such access would not, singly or in the aggregate, have a Material
Adverse Effect; (v)&nbsp;each of the properties of the Company or any of its subsidiaries is served by all public utilities necessary
for the current operations on such property in sufficient quantities for such operations, except where the failure to have such public
utilities would not, singly or in the aggregate, have a Material Adverse Effect; (vi)&nbsp;each of the properties of the Company or any
of its subsidiaries complies with all applicable codes and zoning and subdivision laws and regulations, except for such failures to comply
which would not, either individually or in the aggregate, have a Material Adverse Effect; (vii)&nbsp;all of the leases under which the
Company or any of its subsidiaries holds or uses any real property or improvements or any equipment relating to such real property or
improvements are in full force and effect, except where the failure to be in full force and effect would not, singly or in the aggregate,
have a Material Adverse Effect, and neither the Company nor any of its subsidiaries is in default in the payment of any amounts due under
any such leases or in any other default thereunder and the Company knows of no event which, with the passage of time or the giving of
notice or both, would constitute a default by the Company or any of its subsidiaries under any such lease, except such defaults that
would not, individually or in the aggregate, have a Material Adverse Effect; (viii)&nbsp;there is no pending or, to the best knowledge
of the Company, threatened condemnation, zoning change, or other proceeding or action that could in any manner affect the size of, use
of, improvements on, construction on or access to the properties of the Company or any of its subsidiaries, except such proceedings or
actions that, either singly or in the aggregate, would not have a Material Adverse Effect; and (ix)&nbsp;neither the Company nor any
of its subsidiaries nor any lessee of any of the real property or improvements of the Company or any of its subsidiaries is in default
in the payment of any amounts due or in any other default under any of the leases pursuant to which the Company or any of its subsidiaries
leases (as lessor) any of its real property or improvements (whether directly or indirectly through partnerships, limited liability companies,
joint ventures or otherwise), and the Company knows of no event which, with the passage of time or the giving of notice or both, would
constitute such a default under any of such leases, except such defaults as would not, individually or in the aggregate, have a Material
Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance</U>.
With such exceptions as would not, individually or in the aggregate, have a Material Adverse Effect, the Company and its subsidiaries
have title insurance on all real property and improvements described in the General Disclosure Package and the Prospectus as being owned
or leased under a ground lease, as the case may be, by them and to all real property and improvements reflected in the Company&rsquo;s
most recent consolidated financial statements included in the General Disclosure Package and the Prospectus in an amount at least equal
to the original cost of acquisition and the Company and its subsidiaries are entitled to all benefits of the insured thereunder, and
each such property is insured by extended coverage hazard and casualty insurance in amounts and on such terms as are customarily carried
by lessors of properties similar to those owned by the Company and its subsidiaries (in the markets in which the Company&rsquo;s and
subsidiaries&rsquo; respective properties are located), and the Company and its subsidiaries carry comprehensive general liability insurance
and such other insurance as is customarily carried by lessors of properties similar to those owned by the Company and its subsidiaries
in amounts and on such terms as are customarily carried by lessors of properties similar to those owned by the Company and its subsidiaries
(in the markets in which the Company&rsquo;s and its subsidiaries&rsquo; respective properties are located) and the Company or one of
its subsidiaries is named as an additional insured on all policies required under the leases for such properties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Environmental Matters</U>. Except as otherwise disclosed in the General Disclosure Package and the Prospectus: (i)&nbsp;all real property
and improvements owned or leased by the Company or any of its subsidiaries, including, without limitation, the Environment (as defined
below) associated with such real property and improvements, is free of any Contaminant (as defined below), except such Contaminants which,
individually or in the aggregate, would not have a Material Adverse Effect; (ii)&nbsp;neither the Company, nor any of its subsidiaries
has caused or suffered to exist or occur any Release (as defined below) of any Contaminant into the Environment or any other condition
that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect or could result in any violation
of any Environmental Laws (as defined below)&nbsp;or constitute a health, safety or environmental hazard to any person or property except
for such violations or hazards that could not reasonably be expected to have a Material Adverse Effect; (iii)&nbsp;neither the Company
nor any of its subsidiaries is aware of any notice from any governmental body claiming any violation of any Environmental Laws or requiring
or calling attention to the need for any work, repairs, construction, alterations, removal or remedial action or installation on or in
connection with such real property or improvements, whether in connection with the presence of asbestos-containing materials in such
properties or otherwise, except for such violations, work, repairs, construction, alterations, removal or remedial actions or installations
as would not, individually or in the aggregate, have a Material Adverse Effect; (iv)&nbsp;any such work, repairs, construction, alterations,
removal or remedial action or installation, if required, would not result in the incurrence of liabilities, which, individually or in
the aggregate, would have a Material Adverse Effect; (v)&nbsp;neither the Company nor any of its subsidiaries has caused or suffered
to exist or occur any condition on any of the properties or improvements of the Company or any of its subsidiaries that could give rise
to the imposition of any Lien (as defined below) under any Environmental Laws, except such Liens which, individually or in the aggregate,
would not have a Material Adverse Effect; and (vi)&nbsp;no real property or improvements owned or leased by the Company or any of its
subsidiaries is being used or has been used for manufacturing or for any other operations that involve or involved the use, handling,
transportation, storage, treatment or disposal of any Contaminant, where such operations require or required permits or are or were otherwise
regulated pursuant to the Environmental Laws and where such permits have not been or were not obtained or such regulations are not being
or were not complied with, except in all instances where any failure to obtain a permit or comply with any regulation could not reasonably
be expected, singly or in the aggregate, to have a Material Adverse Effect. &ldquo;Contaminant&rdquo; means any pollutant, hazardous
substance, toxic substance, hazardous waste, special waste, petroleum or petroleum-derived substance or waste, asbestos or asbestos-containing
materials, PCBs, lead, pesticides or radioactive materials or any constituent of any such substance or waste, including any such substance
identified or regulated under any Environmental Law. &ldquo;Environmental Laws&rdquo; means the Comprehensive Environmental Response,
Compensation and Liability Act, 42 U.S.C. 9601 <I>et&nbsp;seq</I>., the Resource Conservation and Recovery Act, 42 U.S.C. 6901, <I>et&nbsp;seq</I>.,
the Clean Air Act, 42 U.S.C. 7401, <I>et&nbsp;seq</I>., the Clean Water Act, 33 U.S.C. 1251, <I>et&nbsp;seq</I>., the Toxic Substances
Control Act, 15 U.S.C. 2601, <I>et&nbsp;seq</I>., the Occupational Safety and Health Act, 29 U.S.C. 651, <I>et&nbsp;seq</I>., and all
other federal, state and local laws, ordinances, regulations, rules, orders, decisions, permits, and the like, which are directed at
the protection of human health or the Environment. &ldquo;Lien&rdquo; means, with respect to any asset, any mortgage, deed of trust,
lien, pledge, encumbrance, charge or security interest in or on such asset. &ldquo;Environment&rdquo; means any surface water, drinking
water, ground water, land surface, subsurface strata, river sediment, buildings, structures, and ambient, workplace and indoor air. &ldquo;Release&rdquo;
means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, emanating or
disposing of any Contaminant into the Environment, including, without limitation, the abandonment or discard of barrels, containers,
tanks or other receptacles containing or previously containing any Contaminant or any release, emission or discharge as those terms are
defined or used in any Environmental Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Qualification as a Real Estate Investment Trust</U>. The Company was and is organized in conformity with the requirements for qualification
and taxation as a &ldquo;real estate investment trust&rdquo; (a &ldquo;REIT&rdquo;) under the Internal Revenue Code of 1986, as amended
(the &ldquo;Code&rdquo;); the Company at all times has met and continues to meet all the requirements of the Code for qualification and
taxation as a REIT; the Company&rsquo;s method of operation will enable it to meet the requirements for qualification and taxation as
a REIT under the Code; and the Company is qualified as a REIT under the Code and will be so qualified for the taxable year in which sales
of the Securities occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registration
Rights</U>. There are no persons with registration or other similar rights to have any securities registered pursuant to the Registration
Statement or included in the offering contemplated hereby. There are no persons with registration or other similar rights to have any
securities registered by the Company under the 1933 Act, other than registration rights granted pursuant to various registration rights
agreements by and among the Company and each of the persons and entities made a party thereto covering up to 2,000,000 shares of Common
Stock that may be issued in exchange of certain limited partnership interests in RI LP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indenture</U>.
The Indenture has been duly authorized, executed and delivered by the Company and constitutes a valid and binding agreement of the Company,
enforceable against the Company in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency,
reorganization, moratorium or other similar laws relating to or affecting creditors&rsquo; rights generally or by general equitable principles;
and the Indenture has been qualified under the 1939 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Securities</U>.
The Securities have been duly authorized by the Company and, at the Closing Time, will have been duly executed by the Company and, when
authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor specified in this
Agreement, (A)&nbsp;will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with
their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar
laws relating to or affecting creditors&rsquo; rights generally or by general equitable principles, and (B)&nbsp;will be in the form
contemplated by, and entitled to the benefits of, the Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxvii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Description of Indenture and Securities</U>. The Indenture conforms and the Securities will conform in all material respects to the
respective statements relating thereto contained in the General Disclosure Package and the Prospectus and the Indenture is in the form,
and the Securities will be in substantially the form, filed or incorporated by reference, as the case may be, as exhibits to the Registration
Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxviii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Ranking
of Securities</U>. The Securities will rank on a parity with all unsecured indebtedness of the Company (other than subordinated indebtedness
of the Company) that is outstanding on the date hereof or that may be incurred hereafter, and senior to all subordinated indebtedness
of the Company that is outstanding on the date hereof or that may be incurred hereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Trustee</U>. The Trustee has been duly appointed by the Company to serve as, and is, the trustee, security registrar, transfer agent
and paying agent for the Securities under the Indenture, and the Trustee has duly accepted such appointment under the Indenture and has
assumed all rights, powers and obligations of the Original Trustee under the Indenture upon the terms and conditions set forth therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxx)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Pending Proceedings and Examinations</U>. The Registration Statement is not the subject of a pending proceeding or examination under
Section&nbsp;8(d) or 8(e) of the 1933 Act, and the Company is not the subject of a pending proceeding under Section&nbsp;8A of the 1933
Act in connection with the offering of the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxxi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>No Unlawful Payments.</U> Neither the Company nor any of its subsidiaries nor any director, officer, or employee of the Company or
any of its subsidiaries nor, to the knowledge of the Company, any agent, affiliate or other person associated with or acting on behalf
of the Company or any of its subsidiaries has (i) used any funds for any unlawful contribution, gift, entertainment or other unlawful
expense relating to political activity; (ii) made or taken an act in furtherance of an offer, promise or authorization of any direct
or indirect unlawful payment or benefit to any foreign or domestic government or regulatory official or employee, including of any government-owned
or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any
of the foregoing, or any political party or party official or candidate for political office; (iii) violated or is in violation of any
provision of the Foreign Corrupt Practices Act of 1977, as amended, or any applicable law or regulation implementing the OECD Convention
on Combating Bribery of Foreign Public Officials in International Business Transactions, or committed an offense under the Bribery Act
2010 of the United Kingdom, the Criminal Finances Act 2017 of the United Kingdom or any other applicable anti-bribery or anti-corruption
laws; or (iv) made, offered, agreed, requested or taken an act in furtherance of any unlawful bribe or other unlawful benefit, including,
without limitation, any rebate, payoff, influence payment, kickback or other unlawful or improper payment or benefit. The Company and
its subsidiaries have instituted, maintain and enforce, and will continue to maintain and enforce, policies and procedures designed to
promote and ensure compliance with all applicable anti-bribery and anti-corruption laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxxii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Compliance with Money Laundering Laws.</U> The operations of the Company and its subsidiaries are and have been conducted at all times
in compliance with applicable financial recordkeeping and reporting requirements, including those of the Currency and Foreign Transactions
Reporting Act of 1970, as amended, the applicable money laundering statutes of all jurisdictions where the Company or any of its subsidiaries
conducts business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered
or enforced by any governmental or regulatory agency (collectively, the &ldquo;Anti-Money Laundering Laws&rdquo;) and no action, suit
or proceeding by or before any court or governmental or regulatory agency, authority or body or any arbitrator involving the Company
or any of its subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Company, threatened.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxxiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Conflicts with Sanctions Laws.</U> Neither the Company nor any of its subsidiaries, directors, officers or employees, nor, to the knowledge
of the Company, any agent, or affiliate or other person associated with or acting on behalf of the Company or any of its subsidiaries
is currently the subject or the target of any sanctions administered or enforced by the U.S. government, (including without limitation,
the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State and including, without limitation,
the designation as a &ldquo;specially designated national&rdquo; or &ldquo;blocked person&rdquo;), the United Nations Security Council,
the European Union, HM Treasury, or other relevant sanctions authority (collectively, &ldquo;Sanctions&rdquo;), nor is the Company, any
of its subsidiaries located, organized or resident in a country or territory that is the subject or the target of Sanctions, including,
without limitation, Cuba, Crimea, Iran, North Korea, Syria, the so-called Donetsk People&rsquo;s Republic, the so-called Luhansk People&rsquo;s
Republic and any other Covered Region of Ukraine identified pursuant to Executive Order 14065 (each, a &ldquo;Sanctioned Country&rdquo;);
and the Company will not directly or indirectly use the proceeds of the offering of the Securities hereunder, or lend, contribute or
otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity (i) to fund or facilitate any
activities of or business with any person that, at the time of such funding or facilitation, is the subject or the target of Sanctions,
(ii) to fund or facilitate any activities of or business in any Sanctioned Country or (iii) in any other manner that will result in a
violation by any person (including any person participating in the transaction, whether as underwriter, advisor, investor or otherwise)
of Sanctions. For the past 5 years, the Company and its subsidiaries have not knowingly engaged in, are not now knowingly engaged in,
and will not engage in, any dealings or transactions with any person that at the time of the dealing or transaction is or was the subject
or the target of Sanctions or with any Sanctioned Country, Burma (Myanmar) or Sudan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxxiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sarbanes-Oxley</U>.
The Company has established and maintains and evaluates &ldquo;disclosure controls and procedures&rdquo; (as such term is defined in
Rule 13a-15 and 15d-15 under the 1934 Act) and &ldquo;internal control over financial reporting&rdquo; (as such term is defined in Rule
13a-15 and 15d-15 under the 1934 Act); such disclosure controls and procedures are designed to ensure that material information relating
to the Company, including its consolidated subsidiaries, is made known to the Company&rsquo;s chief executive officer and its chief financial
officer or principal financial officer, as applicable, by others within those entities, such disclosure controls and procedures are effective
to perform the functions for which they were established, and such disclosure controls and procedures are designed to provide reasonable
assurance that the interactive data in eXtensible Business Reporting Language incorporated by reference in the Registration Statement,
the General Disclosure Package and the Prospectus fairly presents the information called for in all material respects and is prepared
in accordance with the Commission&rsquo;s rules and guidelines applicable thereto; the Company&rsquo;s independent auditors and the audit
committee of the board of directors of the Company have been advised of (i) all significant deficiencies, if any, in the design or operation
of internal controls which could adversely affect the Company&rsquo;s ability to record, process, summarize and report financial data;
and (ii) all fraud, if any, whether or not material, that involves management or other employees who have a role in the Company&rsquo;s
internal controls; all material weaknesses, if any, in internal controls have been identified to the Company&rsquo;s independent auditors;
since the date of the most recent evaluation of such disclosure controls and procedures and internal controls, there have been no significant
changes in internal controls or in other factors that could significantly affect internal controls, including any corrective actions
with regard to significant deficiencies and material weaknesses; the principal executive officer (or equivalent) and principal financial
officer (or equivalent) of the Company have made all certifications required by the Sarbanes-Oxley Act of 2002 (the &ldquo;Sarbanes-Oxley
Act&rdquo;) and any related rules and regulations promulgated by the Commission, and the statements contained in each such certification
are complete and correct; and the Company, its subsidiaries and the Company&rsquo;s directors and officers are each in compliance in
all material respects with all applicable effective provisions of the Sarbanes-Oxley Act and the rules and regulations of the Commission
and the New York Stock Exchange promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 0.5in; font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in">(xxxv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Cybersecurity</U>. With such exceptions as would not, individually or in the aggregate, have a Material Adverse Effect: (A) there
has been no security breach or incident, unauthorized access or disclosure, or other compromise of or relating to the Company or its
subsidiaries information technology and computer systems, networks, hardware, software, data and databases (including the data and information
of their respective customers, employees, suppliers, vendors and any third party data maintained, processed or stored by the Company
and its subsidiaries, and any such data processed or stored by third parties on behalf of the Company and its subsidiaries), equipment
or technology (collectively, &ldquo;IT Systems and Data&rdquo;); (B) neither the Company nor its subsidiaries has been notified of, and
has no knowledge of any event or condition that would result in, any security breach or incident, unauthorized access or disclosure or
other compromise to their IT Systems and Data; and (C) the Company and its subsidiaries have implemented appropriate controls, policies,
procedures, and technological safeguards to maintain, monitor and protect the integrity, continuous operation, redundancy and security
of their IT Systems and Data reasonably consistent with industry standards and practices, or as required by applicable regulatory standards.
The Company and its subsidiaries are presently in material compliance with all applicable laws or statutes and all judgments, orders,
rules and regulations of any court or arbitrator or governmental or regulatory authority, internal policies and contractual obligations
relating to the privacy and security of IT Systems and Data and to the protection of such IT Systems and Data from unauthorized use,
access, misappropriation or modification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxxvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Financial Statements of Acquired Company</U>. To the knowledge of the Company, the consolidated financial statements of each Subject
Company included in the Registration Statement, the General Disclosure Package and the Prospectus, together with the related schedules
and notes, present fairly the consolidated financial position of such Subject Company and its subsidiaries at the dates indicated and
the consolidated income, stockholders&rsquo; or partners&rsquo; equity, as the case may be, and cash flows of such Subject Company and
its subsidiaries for the periods specified; except as may otherwise be stated in the Registration Statement, the General Disclosure Package
and the Prospectus, said consolidated financial statements have been prepared in conformity with GAAP applied on a consistent basis throughout
the periods involved, except where any such failure to conform or be consistent would not, singly or in the aggregate, reasonably be
expected to have a material adverse effect on the condition, financial or otherwise, or the earnings, business affairs or business prospects
of the Company and its subsidiaries, considered as one enterprise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in"></P>

<!-- Field: Page; Sequence: 19; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(xxxvii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Statistical
and Other Data</U>. All (A) statistical and market-related data and (B) data (including financial information), in each case, with respect
to the Acquired Company or any of its subsidiaries included in the Registration Statement, the General Disclosure Package or the Prospectus
are based on or derived from sources that the Company reasonably believes to be accurate in all material respects or represent the Company&rsquo;s
good faith estimates that are made on the basis of data derived from sources the Company reasonably believes to be reliable and accurate
in all material respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Officer</I>&rsquo;<I>s Certificates</I>. Any certificate signed by any officer of the Company and delivered to the Representatives
or to counsel for the Underwriters shall be deemed a representation and warranty by the Company to each Underwriter as to the matters
covered thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
2. </FONT><U>Sale and Delivery to the Underwriters; Closing</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Securities</I>. On the basis of the representations and warranties herein contained and subject to the terms and conditions
herein set forth, the Company agrees to sell to each Underwriter, severally and not jointly, and each Underwriter, severally and not
jointly, agrees to purchase from the Company, at the price set forth in Schedule&nbsp;B, the aggregate principal amount of the Securities
set forth in Schedule&nbsp;A opposite the name of such Underwriter, plus any additional principal amount of Securities which such Underwriter
may become obligated to purchase pursuant to the provisions of Section&nbsp;10 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Payment</I>.
Payment of the purchase price for, and delivery of certificates for, the Securities shall be made at the office of Latham&nbsp;&amp;
Watkins&nbsp;LLP, 650 Town Center Drive, 20th Floor, Costa Mesa, California 92626-1925, or at such other place as shall be agreed upon
by the Representatives and the Company, at 6:00&nbsp;A.M. (California time) on October 13, 2022 (unless postponed in accordance with
the provisions of Section&nbsp;10) or such other time not later than ten business days after such date as shall be agreed upon by the
Representatives and the Company (such time and date of payment and delivery being herein called &ldquo;Closing Time&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Payment shall be made to the Company by wire transfer
of immediately available funds to an account at a bank designated by the Company, against delivery to the Representatives, for the respective
accounts of the Underwriters of book-entry interests in the Securities to be purchased by them and delivery to the Trustee of one or
more certificates in global form representing the Securities (collectively, the &ldquo;Global Securities&rdquo;). It is understood that
each Underwriter has authorized the Representatives, for its account, to accept delivery of, receipt for, and make payment of the purchase
price for, the Securities, which it has agreed to purchase. Barclays, individually and not as a Representative of the Underwriters, may
(but shall not be obligated to) make payment of the purchase price for the Securities to be purchased by any Underwriter whose payment
therefor has not been received by the Closing Time, but such payment shall not relieve such Underwriter from its obligations hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 20; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Denominations; Registration</I>. Certificates for the Global Securities shall be in such denominations and registered in such
names as the Representatives may request in writing at least one full business day before the Closing Time. The certificates for the
Global Securities will be made available for examination and packaging by the Representatives in The City of New York not later than
2:00&nbsp;P.M. (New York City time) on the business day prior to the Closing Time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
3. </FONT><U>Covenants of the Company</U>. The Company covenants with each Underwriter as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Compliance with Securities Regulations and Commission Requests</I>. The Company, subject to Section&nbsp;3(b), will comply
with the requirements of Rule&nbsp;430B and will notify the Representatives immediately, and confirm the notice in writing, (i)&nbsp;when
any post-effective amendment to the Registration Statement or new registration statement relating to the Securities shall become effective,
or any supplement to the Prospectus or any amended Prospectus or any Issuer Free Writing Prospectus shall have been filed, (ii)&nbsp;of
the receipt of any comments from the Commission, (iii)&nbsp;of any request by the Commission for any amendment to the Registration Statement
or the filing of a new registration statement or any amendment or supplement to the Prospectus or any document incorporated or deemed
to be incorporated by reference or otherwise deemed to be a part of or included in any of the foregoing (including, without limitation,
pursuant to Rule&nbsp;430B) or for additional information, (iv)&nbsp;of the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement or such new registration statement or of any order preventing or suspending the use of any
preliminary prospectus, or of the suspension of the qualification of the Securities for offering or sale in any jurisdiction, or of the
initiation or threatening of any proceedings for any of such purposes or of any examination pursuant to Section&nbsp;8(d) or Section&nbsp;8(e)
of the 1933 Act concerning the Registration Statement or any such new registration statement, or (v)&nbsp;if the Company becomes the
subject of a proceeding under Section&nbsp;8A of the 1933 Act in connection with the offering of the Securities. The Company will effect
the filings required under Rule&nbsp;424(b), in the manner and within the time period required by Rule&nbsp;424(b) (without reliance
on Rule&nbsp;424(b)(8)), and, if applicable, will take such steps as it deems necessary to ascertain promptly whether the form of prospectus
supplement or prospectus transmitted for filing under Rule&nbsp;424(b) was received for filing by the Commission and, in the event that
it was not, it will promptly file such prospectus supplement or prospectus, as the case may be. The Company will make every reasonable
effort to prevent the issuance of any stop order and, if any stop order is issued, to obtain the lifting thereof at the earliest possible
moment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Filing of Amendments</I>. The Company will give the Representatives notice of its intention to file or prepare any amendment
to the Registration Statement or new registration statement relating to the Securities or any amendment, supplement or revision to either
any preliminary prospectus (including any prospectus included in the Registration Statement or amendment thereto at the time it became
effective) or to the Prospectus, whether pursuant to the 1933 Act, the 1934 Act or otherwise, will furnish the Representatives with copies
of any such documents a reasonable amount of time prior to such proposed filing or use, as the case may be, and will not file or use
any such document to which the Representatives or counsel for the Underwriters shall object. The Company has given the Representatives
notice of any filings made pursuant to the 1934 Act or 1934 Act Regulations within 48 hours prior to the Applicable Time; the Company
will give the Representatives notice of its intention to make any such filing from the Applicable Time through the Closing Time and will
furnish the Representatives with copies of any such documents a reasonable amount of time prior to such proposed filing and will not
file or use any such document to which the Representatives or counsel for the Underwriters shall object.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 21; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Issuer Free Writing Prospectuses</I>. The Company represents and agrees that, unless it obtains the prior consent of the Representatives,
and each Underwriter, severally and not jointly, represents and agrees that, unless it obtains the prior consent of the Company and the
Representatives, it has not made and will not make any offer relating to the Securities that would constitute an &ldquo;issuer free writing
prospectus,&rdquo; as defined in Rule&nbsp;433, or that would otherwise constitute a &ldquo;free writing prospectus,&rdquo; as defined
in Rule&nbsp;405, required to be filed with the Commission, except that the Underwriters may use a free writing prospectus containing
the information contained in the Pricing Term Sheet. Any such free writing prospectus consented to by the Company and the Representatives
is hereinafter referred to as a &ldquo;Permitted Free Writing Prospectus&rdquo; and, for purposes of clarity, the parties hereby agree
that each Issuer General Use Free Writing Prospectus listed on Schedule&nbsp;D hereto (if any) is a Permitted Free Writing Prospectus.
The Company represents that it has treated or agrees that it will treat each Permitted Free Writing Prospectus as an &ldquo;issuer free
writing prospectus,&rdquo; as defined in Rule&nbsp;433, and has complied and will comply with the requirements of Rule&nbsp;433 applicable
to any Permitted Free Writing Prospectus, including timely filing with the Commission where required, legending and record keeping.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Delivery of Registration Statement</I>. The Company has furnished or will deliver to the Representatives and counsel for the
Underwriters, without charge, as many signed and conformed copies of the Registration Statement as originally filed and of each amendment
thereto (including exhibits filed therewith or incorporated by reference therein and documents incorporated or deemed to be incorporated
by reference therein) as the Representatives and counsel for the Underwriters may reasonably request. The copies of the Registration
Statement and each amendment thereto furnished to the Underwriters will be identical to the electronically transmitted copies thereof
filed with the Commission pursuant to EDGAR, if any, except to the extent permitted by Regulation S-T.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Delivery of Prospectuses</I>. The Company has delivered to each Underwriter, without charge, as many copies of each preliminary
prospectus, if any, as such Underwriter reasonably requested, and the Company has delivered to each Underwriter, without charge, as many
copies of each Issuer Free Writing Prospectus, if any, as such Underwriter reasonably requested, and the Company hereby consents to the
use of such copies for purposes permitted by the 1933 Act. The Company will furnish to each Underwriter, without charge, during the period
when the Prospectus is required to be delivered under the 1933 Act or the 1934 Act (or would be required to be delivered upon request
by a purchaser pursuant to Rule&nbsp;173 under the 1933&nbsp;Act), such number of copies of the Prospectus (as amended or supplemented)
as such Underwriter may reasonably request in writing (which may be by email). The Prospectus and any amendments or supplements thereto
furnished to the Underwriters will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to
EDGAR, except to the extent permitted by Regulation S-T.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 22; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Continued Compliance with Securities Laws</I>. The Company will comply with the 1933 Act and the 1933 Act Regulations and the
1934 Act and the 1934 Act Regulations and the 1939 Act and the 1939 Act Regulations so as to permit the completion of the distribution
of the Securities as contemplated in this Agreement and in the General Disclosure Package and the Prospectus. If at any time when a prospectus
is required by the 1933 Act to be delivered (or would be required to be delivered upon request by a purchaser pursuant to Rule&nbsp;173
under the 1933&nbsp;Act) in connection with sales of the Securities, any event shall occur or condition shall exist as a result of which
it is necessary, in the opinion of counsel for the Underwriters or for the Company, to amend the Registration Statement or amend or supplement
the Prospectus in order that the Prospectus will not include any untrue statements of a material fact or omit to state a material fact
necessary in order to make the statements therein not misleading in the light of the circumstances existing at the time it is delivered
to a purchaser, or if it shall be necessary, in the opinion of any such counsel, at any such time to amend the Registration Statement
or to file a new registration statement relating to the Securities or amend or supplement the Prospectus in order to comply with the
requirements of the 1933 Act or the 1933 Act Regulations, the Company will promptly prepare and file with the Commission, subject to
Section&nbsp;3(b), such amendment, supplement or new registration statement as may be necessary to correct such statement or omission
or to make the Registration Statement or the Prospectus comply with such requirements, the Company will use its best efforts to have
such amendment or new registration statement declared effective as soon as practicable (if it is not an automatic shelf registration
statement with respect to the Securities), and the Company will furnish to the Underwriters such number of copies of such amendment,
supplement or new registration statement as the Underwriters may reasonably request. If at any time following issuance of an Issuer Free
Writing Prospectus there occurred or occurs an event or development as a result of which such Issuer Free Writing Prospectus conflicted
or would conflict with the information contained in the Registration Statement (or any other registration statement relating to the Securities)
or the Statutory Prospectus or any other preliminary prospectus, the Company will promptly notify the Representatives and will promptly
cease use of such Issuer Free Writing Prospectus or amend or supplement, at its own expense, such Issuer Free Writing Prospectus to eliminate
or correct such conflict. If at any time following issuance of an Issuer Free Writing Prospectus there occurred or occurs an event or
development as a result of which such Issuer Free Writing Prospectus included or would include an untrue statement of a material fact
or omitted or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances
prevailing at that subsequent time, not misleading, the Company will promptly notify the Representatives and will promptly cease use
of such Issuer Free Writing Prospectus and amend or supplement, at its own expense, either (a)&nbsp;such Issuer Free Writing Prospectus
or (b)&nbsp;the Statutory Prospectus and the Prospectus, to eliminate or correct such conflict, untrue statement or omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 23; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Blue Sky Qualifications</I>. The Company will use its best efforts, in cooperation with the Underwriters, to qualify the Securities
for offering and sale under the applicable securities laws of such states and other jurisdictions of the United States as the Representatives
may designate and to maintain such qualifications in effect for a period of not less than one year from the date hereof; <I>provided</I>,
<I>however</I>, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign
corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself to taxation in respect
of doing business in any jurisdiction in which it is not otherwise so subject. In each jurisdiction in which the Securities have been
so qualified, the Company will file such statements and reports as may be required by the laws of such jurisdiction to continue such
qualification in effect for a period of not less than one year from the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Rule&nbsp;158</I>. The Company will timely file such reports pursuant to the 1934 Act as are necessary in order to make generally
available to its security holders as soon as practicable an earnings statement for the purposes of, and to provide to the Underwriters
the benefits contemplated by, the last paragraph of Section&nbsp;11(a) of the 1933 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Use of Proceeds</I>. The Company will use the net proceeds received by it from the sale of the Securities in the manner specified
in the Prospectus under &ldquo;Use of Proceeds.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Reporting Requirements</I>. The Company, during the period when the Prospectus is required to be delivered under the 1933 Act
or the 1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required
by the 1934 Act and the 1934 Act Regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Notice of Inability to Use Automatic Shelf Registration Statement Form</I>. If at any time when Securities remain unsold by
the Underwriters the Company receives from the Commission a notice pursuant to Rule&nbsp;401(g)(2) or otherwise ceases to be eligible
to use the automatic shelf registration statement form, the Company will (i)&nbsp;promptly notify the Representatives, (ii)&nbsp;promptly
file a new registration statement or post-effective amendment to the Registration Statement on the proper form relating to the Securities,
in a form satisfactory to the Representatives, (iii)&nbsp;use its best efforts to cause such new registration statement or post-effective
amendment to be declared effective and (iv)&nbsp;promptly notify the Representatives of such effectiveness. The Company will take all
other action necessary or appropriate to permit the public offering and sale of the Securities to continue as contemplated in the registration
statement that was the subject of the Rule&nbsp;401(g)(2) notice or for which the Company has otherwise become ineligible. References
herein to the Registration Statement shall include such new registration statement or post-effective amendment, as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 24; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Filing Fees</I>. The Company shall pay the required Commission filing fees relating to the Securities within the time required
by Rule&nbsp;456(b)(1) of the 1933 Act Regulations without regard to the proviso therein and otherwise in accordance with Rules 456(b)
and 457(r) of the 1933 Act Regulations (including, if applicable, by updating the &ldquo;Calculation of Registration Fee&rdquo; table
in accordance with Rule&nbsp;456(b)(1)(ii) either in a post-effective amendment to the Registration Statement or in the manner specified
by Rule 424(g) in the Prospectus filed pursuant to Rule&nbsp;424(b)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Pricing Term Sheet</I>. The Company will prepare a final pricing term sheet containing a description of the final terms of
the Securities, in a form approved by the Representatives and containing the information in Schedule&nbsp;C hereto, and will file such
term sheet pursuant to Rule&nbsp;433(d) under the 1933 Act within the time period required by such rule (such term sheet, the &ldquo;Pricing
Term Sheet&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Restriction on Sale of Securities</I>. During the period beginning on the date of this Agreement through and including the
Closing Time, the Company will not, without the prior written consent of the Representatives, directly or indirectly, offer, pledge,
sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or
warrant to purchase, or otherwise transfer or dispose of, any debt securities of the Company or any securities convertible into or exercisable
or exchangeable for any debt securities of the Company (except for the Securities sold to the Underwriters pursuant to this Agreement)
or file any registration statement under the 1933 Act with respect to any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>No Stabilization</I>. Neither the Company nor its affiliates, nor any persons acting on any of their behalf, has taken or will
take, directly or indirectly, any action designed to cause or to result in, or that has caused or resulted or which might reasonably
be expected to cause or result in, the stabilization in violation of applicable laws or manipulation of the price of any debt security
of the Company to facilitate the sale or resale of any Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
4. </FONT><U>Payment of Expenses</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I>Expenses</I>.
The Company will pay all expenses incident to the performance of its obligations under this Agreement, including (i) the word
processing, printing and filing of the Registration Statement (including financial statements and exhibits) as originally filed and
of each amendment thereto, (ii) the printing and delivery to the Underwriters of this Agreement, a Canadian &ldquo;wrapper&rdquo;
(if applicable) and such other documents as may be required in connection with the offering, purchase, sale, issuance or delivery of
the Securities, (iii) the preparation, issuance and delivery of the certificates for the Global Securities to the Underwriters,
including any transfer taxes or other duties payable upon the sale of the Securities to the Underwriters, (iv) the fees and
disbursements of the Company&rsquo;s counsel, accountants and other advisors, (v) the qualification of the Securities under
securities laws in accordance with the provisions of Section 3(g) hereof and, if applicable, the preparation of a Canadian &ldquo;wrapper,&rdquo; including filing fees and the reasonable
fees and disbursements of counsel for the Underwriters in connection therewith and in connection with the preparation of the Blue Sky
Survey and any supplement thereto and, if applicable, such Canadian &ldquo;wrapper,&rdquo; (vi) the printing and delivery to the Underwriters
of copies of each preliminary prospectus, any Permitted Free Writing Prospectus and the Prospectus and any amendments or supplements thereto
and any costs associated with the electronic delivery of any of the foregoing to the Underwriters, (vii) the preparation, printing and
delivery to the Underwriters of copies of the Blue Sky Survey and any supplement thereto, (viii) the fees and expenses of any transfer
agent or registrar for the Securities, (ix) if required, the filing fees incident to, and the reasonable fees and disbursements of counsel
to the Underwriters (such fees and disbursements not to exceed $10,000) in connection with, the review, if any, by the Financial Industry
Regulatory Authority, Inc. (the &ldquo;FINRA&rdquo;) of the terms of the sale of the Securities, (x) the fees and expenses of the Trustee,
including, if required, the fees and disbursements of counsel for the Trustee in connection with the Indenture and the Securities, (xi)
any fees payable to securities rating agencies in connection with the rating of the Securities, and (xii) the fees and expenses of the
depositary in connection with the holding of the Securities in book-entry form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 25; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Termination of Agreement</I>. If this Agreement is terminated by the Representatives in accordance with the provisions of Section&nbsp;5
or Section&nbsp;9(a)(i) or 9(a)(v) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including
the reasonable fees and disbursements of counsel for the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
5. </FONT><U>Conditions of Underwriters&rsquo; Obligations</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The obligations of the several Underwriters hereunder are subject to the accuracy of the representations and warranties of the Company
contained in Section&nbsp;1 hereof and in certificates of any officer of the Company or any subsidiary of the Company delivered pursuant
to the provisions hereof, to the performance by the Company of its covenants and other obligations hereunder, and to the following further
conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Effectiveness of Registration Statement</I>. The Registration Statement has become effective and at Closing Time no stop order
suspending the effectiveness of the Registration Statement shall have been issued under the 1933 Act or proceedings therefor initiated
or threatened by the Commission, and any request on the part of the Commission for additional information shall have been complied with
to the reasonable satisfaction of counsel to the Underwriters. The Company shall not have received from the Commission any notice pursuant
to Rule&nbsp;401(g)(2) objecting to the use of the automatic shelf registration statement form. The Prospectus containing the Rule&nbsp;430B
Information shall have been filed with the Commission in the manner and within the time period required by Rule&nbsp;424(b) (without
reliance on Rule&nbsp;424(b)(8)). The Pricing Term Sheet and all other Issuer General Use Free Writing Prospectuses, if any, have been
filed, and all Issuer Limited Use Free Writing Prospectuses, if any, have, if required by the 1933 Act Regulations, also been filed with
the Commission in the manner and within the time period required by Rule&nbsp;433. The Company shall have paid the required Commission
filing fees relating to the Securities within the time period required by Rule&nbsp;456(b)(1) of the 1933 Act Regulations without regard
to the proviso therein and otherwise in accordance with Rules 456(b) and 457(r) of the 1933 Act Regulations and, if applicable, shall
have updated the &ldquo;Calculation of Registration Fee&rdquo; table in accordance with Rule&nbsp;456(b)(1)(ii) either in a post-effective
amendment to the Registration Statement or in the manner specified by Rule 424(g) in the Prospectus filed pursuant to Rule&nbsp;424(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 26; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Opinions of Counsel for Company</I>. At Closing Time, (i)&nbsp;the Representatives shall have received the favorable opinions,
dated as of Closing Time, of Latham&nbsp;&amp; Watkins&nbsp;LLP, counsel for the Company, and Venable&nbsp;LLP, Maryland counsel to the
Company, each in form and substance satisfactory to counsel for the Underwriters, to the effect set forth in Exhibits&nbsp;A and B hereto,
respectively, and to such further effect as counsel to the Underwriters may reasonably request pursuant to Section&nbsp;5(i); and (ii)&nbsp;if
such Maryland counsel shall deliver a Separate Opinion (as defined in the last paragraph of Exhibit&nbsp;B hereto), the Representatives
shall have received such Separate Opinion, which shall comply with the requirements of the last paragraph of Exhibit&nbsp;B.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Opinion of Counsel for the Underwriters</I>. At Closing Time, the Representatives shall have received the favorable opinion,
dated as of Closing Time, of Sidley Austin <FONT STYLE="font-variant: small-caps">llp</FONT>, counsel for the Underwriters, with respect
to this Agreement, the Indenture, the Securities, the Registration Statement, the General Disclosure Package and the Prospectus and such
other matters as the Representatives may reasonably request. In giving such opinion such counsel may rely, as to all matters arising
under or governed by the laws of the State of Maryland, upon the opinion of Venable&nbsp;LLP delivered pursuant to Section&nbsp;5(b)
and, as to all matters governed by the laws of other jurisdictions (other than the law of the State of New York and the federal law of
the United States) upon the opinions of counsel satisfactory to the Representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Officers</I>&rsquo; <I>Certificate</I>. At Closing Time, there shall not have been, since the date hereof or since the respective
dates as of which information is given in the General Disclosure Package or the Prospectus, any material adverse change in the condition,
financial or otherwise, or in the earnings, business affairs, financial prospects or business prospects of the Company and its subsidiaries
considered as one enterprise, whether or not arising in the ordinary course of business, and the Representatives shall have received
a certificate of the Chairman, the President, the Chief Legal Officer or the General Counsel of the Company and of the chief financial
officer, principal financial officer or chief accounting officer of the Company, dated as of Closing Time, to the effect that (i)&nbsp;there
has been no such material adverse change, (ii)&nbsp;the representations and warranties in Section&nbsp;1 hereof are true and correct
with the same force and effect as though expressly made at and as of Closing Time, (iii)&nbsp;the Company has complied with all agreements
and satisfied all conditions on its part to be performed or satisfied under this Agreement at or prior to Closing Time, and (iv)&nbsp;no
stop order suspending the effectiveness of the Registration Statement nor any notice pursuant to Rule&nbsp;401(g)(2) objecting to the
use of the automatic shelf registration statement form has been issued and no proceedings for that purpose have been initiated or, to
the best of their knowledge, threatened by the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 27; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Company Accountant</I>&rsquo;<I>s Comfort Letter</I>. (i)&nbsp;At the time of the execution of this Agreement, the Representatives
shall have received from KPMG&nbsp;LLP a letter, dated such date, in form and substance satisfactory to the Representatives, together
with signed or reproduced copies of such letter for each of the Underwriters, containing statements and information of the type ordinarily
included in accountants&rsquo; &ldquo;comfort letters&rdquo; to underwriters with respect to the Company&rsquo;s financial statements
and certain financial information contained in the Registration Statement, the Statutory Prospectus and the Prospectus; and (ii)&nbsp;at
the Closing Time the Representatives shall have received from KPMG&nbsp;LLP a letter, dated as of Closing Time, to the effect that they
reaffirm the statements made in the letter furnished pursuant to clause&nbsp;(i) of this subsection&nbsp;(e) of this Section, except
that the specified date referred to therein shall be a date not more than three business days prior to Closing Time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>[<I>Intentionally Omitted</I>.]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Accounting Officer&rsquo;s Certificate</I>. At the time of the execution of this Agreement, the Representatives shall have
received a certificate, in form and substance satisfactory to the Representatives, signed by the chief financial officer, principal financial
officer or chief accounting officer of the Company, acting solely in his or her capacity as such officer, certifying as to the accuracy
of certain financial information included in the Registration Statement, the Statutory Prospectus and/or the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Rating Requirement</I>. The Securities shall have credit ratings and outlooks from Moody&rsquo;s Investors Service&nbsp;Inc.
(&ldquo;Moody&rsquo;s&rdquo;) and S&amp;P Global Ratings (&ldquo;S&amp;P&rdquo;) at the Closing Time that are the same as or better than
the respective ratings and outlooks set forth in the Pricing Term Sheet filed with the Commission on the date hereof, and the Company
shall have delivered to the Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory
to the Representatives, confirming that the Securities have such ratings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Additional Documents</I>. At the Closing Time, counsel for the Underwriters shall have been furnished with such documents and
opinions as they may reasonably require for the purpose of enabling them to pass upon the issuance and sale of the Securities as herein
contemplated, or in order to evidence the accuracy of any of the representations or warranties, or the fulfillment of any of the conditions,
herein contained; and all proceedings taken by the Company in connection with the issuance and sale of the Securities as herein contemplated
shall be satisfactory in form and substance to the Representatives and counsel for the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Termination of Agreement</I>. If any condition specified in this Section shall not have been fulfilled when and as required
to be fulfilled, this Agreement may be terminated by the Representatives by notice to the Company at any time at or prior to Closing
Time, and such termination shall be without liability of any party to any other party except as provided in Section&nbsp;4 and except
that Sections 6, 7, 13, 14 and 16 shall survive any such termination and remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 28; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
6. </FONT><U>Indemnification</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Indemnification
of Underwriters</I>. The Company agrees to indemnify and hold harmless each Underwriter, each person that is an affiliate or a selling
agent of any Underwriter and that is involved in the offering or sale of the Securities, and each person, if any, who controls any Underwriter
within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
against any and all loss, liability, claim, damage and expense whatsoever, as incurred, arising out of any untrue statement or alleged
untrue statement of a material fact contained in the Registration Statement (or any amendment thereto), including, without limitation,
the Rule&nbsp;430B Information, or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary
to make the statements therein not misleading or arising out of any untrue statement or alleged untrue statement of a material fact included
in (A) any preliminary prospectus, any Issuer Free Writing Prospectus, the General Disclosure Package (or any part thereof) or the Prospectus
(or any amendment or supplement thereto) or (B) any materials or information provided to investors by, or with the approval of, the Company
in connection with the marketing of the offering of the Securities, including any road show or investor presentations made by the Company
(whether in person or electronically and including any live or recorded road show or presentations), or the omission or alleged omission
therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were
made, not misleading;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
against any and all loss, liability, claim, damage and expense whatsoever, as incurred, to the extent of the aggregate amount paid in
settlement of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or of any
claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission, provided that (subject
to Section&nbsp;6(d) below) any such settlement is effected with the written consent of the Company; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
against any and all expense whatsoever, as incurred (including the fees and disbursements of counsel chosen by the Representatives),
reasonably incurred in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental
agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue statement or omission, or any such alleged
untrue statement or omission, to the extent that any such expense is not paid under (i)&nbsp;or (ii)&nbsp;above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>provided</I></FONT>,
<I>however</I>, that this indemnity agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising
out of any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with written
information furnished to the Company by any Underwriter through the Representatives expressly for use in the Registration Statement (or
any amendment thereto) or any preliminary prospectus, any Issuer Free Writing Prospectus or the Prospectus (or any amendment or supplement
thereto).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 29; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Indemnification of Company, Directors and Officers</I>. Each Underwriter, severally and not jointly, agrees to indemnify and
hold harmless the Company, its directors, each of its officers who signed the Registration Statement, and each person, if any, who controls
the Company within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act against any and all loss, liability,
claim, damage and expense described in the indemnity contained in subsection&nbsp;(a) of this Section, as incurred, but only with respect
to untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement (or any amendment thereto),
including, without limitation, the Rule&nbsp;430B Information, or any preliminary prospectus, any Issuer Free Writing Prospectus, the
General Disclosure Package (or any part thereof) or the Prospectus (or any amendment or supplement thereto) in reliance upon and in conformity
with written information furnished to the Company by such Underwriter through the Representatives expressly for use therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Actions against Parties; Notification</I>. Each indemnified party shall give notice as promptly as reasonably practicable to
each indemnifying party of any action commenced against it in respect of which indemnity may be sought hereunder, but failure to so notify
an indemnifying party shall not relieve such indemnifying party from any liability hereunder to the extent it is not materially prejudiced
as a result thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity
agreement. In the case of parties indemnified pursuant to Section&nbsp;6(a) above, counsel to the indemnified parties shall be selected
by the Representatives, and, in the case of parties indemnified pursuant to Section&nbsp;6(b) above, counsel to the indemnified parties
shall be selected by the Company. An indemnifying party may participate at its own expense in the defense of any such action; <I>provided</I>,
<I>however</I>, that counsel to the indemnifying party shall not (except with the consent of the indemnified party) also be counsel to
the indemnified party. In no event shall the indemnifying parties be liable for fees and expenses of more than one counsel (in addition
to any local counsel) separate from their own counsel for all indemnified parties in connection with any one action or separate but similar
or related actions in the same jurisdiction arising out of the same general allegations or circumstances. No indemnifying party shall,
without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect
to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever
in respect of which indemnification or contribution could be sought under this Section&nbsp;6 or Section&nbsp;7 hereof (whether or not
the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or consent (i)&nbsp;includes an
unconditional release of each indemnified party from all liability arising out of such litigation, investigation, proceeding or claim
and (ii)&nbsp;does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified
party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Settlement without Consent if Failure to Reimburse</I>. If at any time an indemnified party shall have requested an indemnifying
party to reimburse the indemnified party for fees and expenses of counsel, such indemnifying party agrees that it shall be liable for
any settlement of the nature contemplated by Section&nbsp;6(a)(ii) hereof effected without its written consent if (i)&nbsp;such settlement
is entered into more than 60 days after receipt by such indemnifying party of the aforesaid request, (ii)&nbsp;such indemnifying party
shall have received notice of the terms of such settlement at least 45 days prior to such settlement being entered into and (iii)&nbsp;such
indemnifying party shall not have reimbursed such indemnified party in accordance with such request prior to the date of such settlement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 30; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
7. </FONT><U>Contribution</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. If the indemnification provided
for in Section&nbsp;6 hereof is for any reason unavailable to or insufficient to hold harmless an indemnified party in respect of any
losses, liabilities, claims, damages or expenses referred to therein, then each indemnifying party shall contribute to the aggregate
amount of such losses, liabilities, claims, damages and expenses incurred by such indemnified party, as incurred, (i)&nbsp;in such proportion
as is appropriate to reflect the relative benefits received by the Company on the one hand and the Underwriters on the other hand from
the offering of the Securities pursuant to this Agreement or (ii)&nbsp;if the allocation provided by clause&nbsp;(i) is not permitted
by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause&nbsp;(i) above
but also the relative fault of the Company on the one hand and of the Underwriters on the other hand in connection with the statements
or omissions which resulted in such losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The relative benefits received by the Company
on the one hand and the Underwriters on the other hand in connection with the offering of the Securities pursuant to this Agreement shall
be deemed to be in the same respective proportions as the total net proceeds from the offering of the Securities pursuant to this Agreement
(before deducting expenses) received by the Company and the total underwriting discount received by the Underwriters, in each case as
set forth on the cover of the Prospectus bear to the aggregate initial public offering price of the Securities as set forth on such cover.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The relative fault of the Company on the one hand
and the Underwriters on the other hand shall be determined by reference to, among other things, whether any such untrue or alleged untrue
statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company
or by the Underwriters and the parties&rsquo; relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company and the Underwriters agree that it
would not be just and equitable if contribution pursuant to this Section&nbsp;7 were determined by pro rata allocation (even if the Underwriters
were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations
referred to above in this Section&nbsp;7. The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an indemnified
party and referred to above in this Section&nbsp;7 shall be deemed to include any legal or other expenses reasonably incurred by such
indemnified party in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental
agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue or alleged untrue statement or omission or
alleged omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Notwithstanding the provisions of this Section&nbsp;7,
no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Securities underwritten
by it and distributed to the public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise
been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 31; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No person guilty of fraudulent misrepresentation
(within the meaning of Section&nbsp;11(f) of the 1933 Act) shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For purposes of this Section&nbsp;7, each person
that is an affiliate or a selling agent of any Underwriter and that is involved in the offering or sale of the Securities and each person,
if any, who controls any Underwriter within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act shall have
the same rights to contribution as such Underwriter, and each director of the Company, each officer of the Company who signed the Registration
Statement, and each person, if any, who controls the Company within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20
of the 1934 Act shall have the same rights to contribution as the Company. The Underwriters&rsquo; respective obligations to contribute
pursuant to this Section&nbsp;7 are several in proportion to the aggregate principal amount of Securities set forth opposite their respective
names in Schedule&nbsp;A hereto and not joint.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
8. </FONT><U>Representations, Warranties and Agreements to Survive Delivery</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
All representations, warranties and agreements contained in this Agreement and in certificates of officers of the Company submitted pursuant
hereto shall remain operative and in full force and effect, regardless of any investigation made by or on behalf of any Underwriter or
any affiliate, selling agent or controlling person of any Underwriter, or by or on behalf of the Company, and shall survive delivery
of the Securities to the Underwriters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
9. </FONT><U>Termination of Agreement</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Termination; General</I>. The Representatives may terminate this Agreement, by notice to the Company, at any time at or prior
to Closing Time (i)&nbsp;if in the reasonable judgment of the Representatives, there has been, since the time of execution of this Agreement
or since the respective dates as of which information is given in the Prospectus or the General Disclosure Package, any material adverse
change in the condition, financial or otherwise, or in the earnings, business affairs, financial prospects or business prospects of the
Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii)&nbsp;if
there has occurred any material adverse change in the financial markets in the United States or the international financial markets,
any outbreak of hostilities or escalation thereof or other calamity or crisis or any change or development involving a prospective change
in national or international political, financial or economic conditions, in each case the effect of which is such as to make it, in
the judgment of the Representatives, impracticable or inadvisable to market the Securities or to enforce contracts for the sale of the
Securities, or (iii)&nbsp;if trading in any securities of the Company has been suspended or limited by the Commission, the New York Stock
Exchange or the Nasdaq Global Market, or if trading generally on the NYSE American or the New York Stock Exchange or in the Nasdaq Global
Market has been suspended or limited, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices have been
required, by any of said exchanges or by such system or by order of the Commission, the FINRA or any other governmental authority, or
a material disruption has occurred in commercial banking or securities settlement or clearance services in the United States, or (iv)&nbsp;if
a banking moratorium has been declared by either Federal, California or New York authorities, or (v) if since the date of this Agreement,
there has occurred a downgrading in the rating assigned to the Securities, any class or series of the Company&rsquo;s outstanding Preferred
Stock, if any, or any of the Company&rsquo;s other debt securities by any nationally recognized securities rating agency, or any such
securities rating agency has publicly announced that it has under surveillance or review, with possible negative implications or without
indicating the direction of the possible change, its rating of the Securities, any class or series of Preferred Stock or any of the Company&rsquo;s
other debt securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 32; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Liabilities</I>. If this Agreement is terminated pursuant to this Section, such termination shall be without liability of any
party to any other party except as provided in Section&nbsp;4 hereof, and provided further that Sections&nbsp;6, 7, 13, 14 and 16 shall
survive such termination and remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
10. </FONT><U>Default by One or More of the Underwriters</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
If one or more of the Underwriters shall fail at the Closing Time to purchase the Securities which it or they are obligated to purchase
under this Agreement at such time (the &ldquo;Defaulted Securities&rdquo;), the Representatives shall have the right, within 24 hours
thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but
not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth; if, however,
the Representatives shall not have completed such arrangements within such 24-hour period, then:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the aggregate principal amount of the Defaulted Securities does not exceed 10% of the aggregate principal amount of the Securities
set forth on Schedule&nbsp;A hereto, each of the non-defaulting Underwriters shall be obligated, severally and not jointly, to purchase
the full amount thereof in the proportions that their respective underwriting obligations hereunder bear to the underwriting obligations
of all non-defaulting Underwriters, or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if the aggregate principal amount of the Defaulted Securities exceeds 10% of the aggregate principal amount of the Securities
set forth on Schedule&nbsp;A hereto, this Agreement shall terminate without liability on the part of any non-defaulting Underwriter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No action taken pursuant to this Section shall
relieve any defaulting Underwriter from liability in respect of its default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the event of any such default which does not
result in a termination of this Agreement, either the Representatives or the Company shall have the right to postpone the Closing Time,
for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus or in any other
documents or arrangements. As used herein, the term &ldquo;Underwriter&rdquo; includes any person substituted for an Underwriter under
this Section&nbsp;10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
11. </FONT><U>Notices</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. All notices and other communications
hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted by any standard form of telecommunication.
Notices to the Underwriters shall be directed to them c/o Barclays Capital Inc., 745 Seventh Avenue, New York, New York 10019, Attention:
Syndicate Registration, Fax no.: 646-834-8133; Citigroup Global Markets Inc., 388 Greenwich Street, New York, New York 10013, Attention:
General Counsel, Fax no.: 646-291-1469; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment
Grade Syndicate Desk, 3rd Floor, Fax no.: 212-834-6081; and Mizuho Securities USA LLC, 1271 Avenue of the Americas, New York, New York
10020, Attention: Debt Capital Markets Desk, Fax no.: 212-205-7812; and notices to the Company shall be directed to it at Realty Income
Corporation, 11995 El Camino Real, San Diego, California 92130, attention of Legal Department.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 33; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
12. </FONT><U>Parties</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. This Agreement shall inure to the
benefit of and be binding upon the Underwriters, including any substitute Underwriters pursuant to Section 10 hereof, and the Company
and their respective successors. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person,
firm or corporation, other than the Underwriters and the Company and their respective successors and the affiliates, selling agents,
controlling persons and officers and directors referred to in Sections&nbsp;6 and 7 and their heirs and legal representatives, any legal
or equitable right, remedy or claim under or in respect of this Agreement or any provision herein contained. This Agreement and all conditions
and provisions hereof are intended to be for the sole and exclusive benefit of the Underwriters and the Company and their respective
successors, and said affiliates, selling agents, controlling persons and officers and directors and their heirs and legal representatives,
and for the benefit of no other person, firm or corporation. No purchaser of Securities from any Underwriter shall be deemed to be a
successor by reason merely of such purchase.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
13. </FONT><U>Recognition of the U.S. Special Resolution Regimes</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that any Underwriter that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer
from such Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent
as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation,
were governed by the laws of the United States or a state of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that any Underwriter that is a Covered Entity or a BHC Act Affiliate of such Underwriter becomes subject to a proceeding under
a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Underwriter are permitted to
be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement
were governed by the laws of the United States or a state of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the purposes of this Section 13, a &ldquo;BHC
Act Affiliate&rdquo; has the meaning assigned to the term &ldquo;affiliate&rdquo; in, and shall be interpreted in accordance with, 12
U.S.C. &sect; 1841(k). &ldquo;Covered Entity&rdquo; means any of the following: (i) a &ldquo;covered entity&rdquo; as that term is defined
in, and interpreted in accordance with, 12 C.F.R. &sect; 252.82(b); (ii) a &ldquo;covered bank&rdquo; as that term is defined in, and
interpreted in accordance with, 12 C.F.R. &sect; 47.3(b); or (iii) a &ldquo;covered FSI&rdquo; as that term is defined in, and interpreted
in accordance with, 12 C.F.R. &sect; 382.2(b). &ldquo;Default Right&rdquo; has the meaning assigned to that term in, and shall be interpreted
in accordance with, 12 C.F.R. &sect;&sect; 252.81, 47.2 or 382.1, as applicable. &ldquo;U.S. Special Resolution Regime&rdquo; means each
of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform
and Consumer Protection Act and the regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 34; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
14. </FONT><U>No Advisory or Fiduciary Responsibility; Tax Disclosure</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
(a)&nbsp;The Company acknowledges and agrees that: (i)&nbsp;the purchase and sale of the Securities pursuant to this Agreement, including
the determination of the public offering price of the Securities and any related discounts and commissions, is an arm&rsquo;s-length
commercial transaction between the Company, on the one hand, and the several Underwriters, on the other hand, and does not constitute
a recommendation, investment advice, or solicitation of any action by the Underwriters, and the Company is capable of evaluating and
understanding and understands and accepts the terms, risks and conditions of the transactions contemplated by this Agreement; (ii)&nbsp;in
connection with each transaction contemplated hereby and the process leading to such transaction each Underwriter is and has been acting
solely as a principal and is not the financial advisor, agent or fiduciary of the Company or its affiliates, stockholders, creditors
or employees or any other party; (iii)&nbsp;no Underwriter has assumed or will assume an advisory, agency or fiduciary responsibility
in favor of the Company or any of its subsidiaries or other affiliates with respect to any of the transactions contemplated hereby or
the process leading thereto (irrespective of whether such Underwriter has advised or is currently advising the Company or any of its
subsidiaries or other affiliates on other matters) and no Underwriter has any obligation to the Company with respect to the offering
contemplated hereby except the obligations expressly set forth in this Agreement; (iv)&nbsp;the several Underwriters and their respective
affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Company and the several
Underwriters have no obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; (v)&nbsp;the
Underwriters have not provided any legal, accounting, financial, regulatory, investment or tax advice with respect to the offering contemplated
hereby and the Company has consulted its own legal, accounting, financial, regulatory and tax advisors to the extent it deemed appropriate;
and (vi) none of the activities of the Underwriters in connection with the transactions contemplated herein constitutes a recommendation,
investment advice or solicitation of any action by the Underwriters with respect to any entity or natural person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding any other provision of this Agreement, immediately upon commencement of discussions with respect to the transactions
contemplated hereby, the Company (and each employee, representative or other agent of the Company) may disclose to any and all persons,
without limitation of any kind, the tax treatment and tax structure of the transactions contemplated by this Agreement and all materials
of any kind (including opinions or other tax analyses) that are provided to the Company relating to such tax treatment and tax structure.
For purposes of the foregoing, the term &ldquo;tax treatment&rdquo; is the purported or claimed federal income tax treatment of the transactions
contemplated hereby, and the term &ldquo;tax structure&rdquo; includes any fact that may be relevant to understanding the purported or
claimed federal income tax treatment of the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
15. </FONT><U>Integration</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. This Agreement supersedes all
prior agreements and understandings (whether written or oral) between the Company and the several Underwriters, or any of them, with
respect to the subject matter hereof. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that
the Company may have against the several Underwriters with respect to any breach or alleged breach of agency or fiduciary duty.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 35; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
16. </FONT><U>GOVERNING LAW AND TIME</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. THIS AGREEMENT AND
ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SAID STATE. EXCEPT AS OTHERWISE SET FORTH HEREIN,
SPECIFIED TIMES OF DAY REFER TO NEW YORK CITY TIME.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
17. </FONT><U>Waiver of Jury Trial</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The Company hereby
irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising
out of or relating to this Agreement or the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION
18. </FONT><U>Effect of Headings and Table of Contents; Counterparts</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Article&nbsp;and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction
hereof. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The words &ldquo;executed,&rdquo; &ldquo;execution,&rdquo;
 &ldquo;signed,&rdquo; &ldquo;signature,&rdquo; and words of like import in this Agreement or in any instruments, agreements, certificates,
legal opinions, negative assurance letters or other documents entered into or delivered pursuant to or in connection with this Agreement
shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation,
 &ldquo;pdf,&rdquo; &ldquo;tif&rdquo; or &ldquo;jpg&rdquo;) and electronic signatures (including, without limitation, DocuSign and AdobeSign)
and, without limitation to the foregoing, this Agreement and any amendments or supplements hereto may be executed and delivered by the
parties by any of the foregoing means other than by DocuSign, AdobeSign or other electronic signatures. The use of electronic means of
transmittal and delivery, electronic signatures and electronic records (including, without limitation, any contract or other record created,
generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability
as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including
the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any
other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial
Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Pages Follow]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 36; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the foregoing is in accordance with your understanding
of our agreement, please sign and return to the Company a counterpart hereof, whereupon this instrument, along with all counterparts,
will become a binding agreement between the Underwriters and the Company in accordance with its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">REALTY INCOME CORPORATION</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/
    Jonathan Pong</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%"><FONT STYLE="font-size: 10pt">Jonathan Pong</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Senior Vice President and Head of Corporate Finance</FONT></TD></TR>
  </TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase
Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 37 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">CONFIRMED AND ACCEPTED,
    as of the date first above written:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">By: BARCLAYS CAPITAL
    INC.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">/s/
    Meghan Maher</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Name: Meghan
    Maher</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: left"><FONT STYLE="font-size: 10pt">B<FONT STYLE="text-transform: lowercase">y</FONT>:
    CITIGROUP GLOBAL MARKETS INC.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">B<FONT STYLE="text-transform: lowercase">y</FONT>:
    </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; padding-bottom: 1pt">/<FONT STYLE="text-transform: lowercase">s</FONT>/
    A<FONT STYLE="text-transform: lowercase">dam</FONT> D. B<FONT STYLE="text-transform: lowercase">ordner</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Name: Adam
    D. Bordner</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Title: Director</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">By: J.P. MORGAN
    SECURITIES LLC</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">/s/
    Stephen L. Sheiner</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Name: Stephen L. Sheiner</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Title: Executive Director</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">By: MIZUHO SECURITIES
    USA LLC</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">/s/
    Robert Fahrbach</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Name: Robert
    Fahrbach</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 48%">For themselves and as Representatives of the Underwriters
    named in Schedule&nbsp;A hereto.</TD>
    <TD STYLE="width: 52%">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase
Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 38 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE A<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Principal
    amount</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 87%; text-align: left">Barclays Capital Inc. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">108,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Citigroup Global Markets Inc. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">41,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">J.P. Morgan Securities LLC &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">41,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Mizuho Securities USA LLC &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">41,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">BofA Securities, Inc. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">BNP Paribas Securities Corp. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Credit Suisse Securities (USA) LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Goldman Sachs &amp; Co. LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Morgan Stanley &amp; Co. LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">RBC Capital Markets, LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Scotia Capital (USA) Inc.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">TD Securities (USA) LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">U.S. Bancorp Investments, Inc. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Wells Fargo Securities, LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">BBVA Securities Inc.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24,375,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">BNY Mellon Capital Markets, LLC &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24,375,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">PNC Capital Markets LLC &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24,375,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Regions Securities LLC &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24,375,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Truist Securities, Inc. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">24,375,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">BMO Capital Markets Corp. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20,625,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Citizens Capital Markets, Inc. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20,625,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Huntington Securities, Inc. &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">20,625,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Comerica Securities, Inc.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">18,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Samuel A. Ramirez &amp; Company, Inc.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">18,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">UBS Securities LLC &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">18,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Academy Securities, Inc.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,500,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Loop Capital Markets LLC &#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">7,500,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Total&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">750,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 39; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Sch A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Pricing Schedule</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The initial public offering price for the Securities shall be 99.879% of the principal amount thereof, plus accrued interest,
if any, from and including October 13, 2022 (the &ldquo;Securities Public Offering Price&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
purchase price to be paid for the Securities by the several Underwriters shall be 99.229% of the principal amount thereof (being an amount
equal to the Securities Public Offering Price set forth in paragraph 1 above less an underwriting discount of 0.650% of the principal
amount thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 40; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Sch B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE C</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Issuer Free Writing Prospectus<BR>
Filed Pursuant to Rule&nbsp;433<BR>
Registration No.&nbsp;333-257510<BR>
October 3, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REALTY INCOME CORPORATION<BR>
<BR>
PRICING TERM SHEET</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5.625% Notes due 2032</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">This free writing prospectus relates only to
the securities described below and should be read together with Realty Income Corporation&rsquo;s preliminary prospectus supplement dated
October 3, 2022 (the &ldquo;Preliminary Prospectus Supplement&rdquo;), the accompanying prospectus dated June 29, 2021 (the &ldquo;Prospectus&rdquo;)
and the documents incorporated and deemed to be incorporated by reference therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30%">Issuer:</TD><TD STYLE="width: 70%">Realty Income Corporation (the &ldquo;Company&rdquo;)</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>Security:</TD><TD>5.625% Notes due 2032 (the &ldquo;notes&rdquo;)</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                              <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>The notes will constitute a separate series of the Company&rsquo;s debt securities under the indenture governing the
               notes.</TD></TR>
                                                                                                                              <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
                                                                                                                              <TR STYLE="vertical-align: top">
<TD>Trade Date:&#9;</TD><TD>October 3, 2022</TD></TR>

<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Expected Settlement Date:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">October 13, 2022 (T+7)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Delayed Settlement:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Company expects that the delivery of the notes will be
    made against payment therefor on or about the settlement date specified above, which will be the seventh business day following the
    date of this pricing term sheet. Under rules of the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;), trades in the
    secondary market generally are required to settle in two business days, unless the parties to that trade expressly agree otherwise.
    Accordingly, purchasers who wish to trade the notes before the second business day prior to the settlement date specified above will
    be required, by virtue of the fact that the normal settlement date for that trade would occur prior to the closing date for the issuance
    of the notes, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult
    their own advisors with respect to these matters.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Net Proceeds:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Approximately $744.2 million after deducting the underwriting
    discount but before deducting other estimated expenses payable by the Company</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Use of Proceeds:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Company intends to use the net proceeds from this offering
    for general corporate purposes, which may include, among other things, the repayment or repurchase of the Company&rsquo;s indebtedness
    (including borrowings under the Company&rsquo;s revolving credit facility or commercial paper programs), foreign currency or interest
    rate swaps or other hedging instruments, the development and acquisition of additional properties and other acquisition or business
    combination transactions, and the expansion and improvement of certain properties in the Company&rsquo;s portfolio. In conjunction
    with the pricing of this offering, the Company executed a $600 million U.S. Dollar-to-Euro 10-year cross currency swap, resulting
    in an anticipated receipt of approximately &euro;612 million in proceeds and an effective fixed-rate, Euro-denominated semi-annual
    yield to maturity of approximately 4.70%. Additionally, the Company has terminated forward starting interest rate swaps totaling
    $500 million in notional value previously entered into, recognizing a cash settlement gain of approximately $72 million. Giving effect
    to these contemporaneous transactions, the Company expects to recognize an effective semi-annual yield to maturity of approximately
    3.93% on the overall transaction, including the recognition of the cash settlement gain noted above. For information concerning potential
    conflicts of interest that may arise from the use of proceeds to repay borrowings under the Company&rsquo;s revolving credit facility
    and commercial paper programs or other indebtedness, see &ldquo;Underwriting (Conflicts of Interest)&mdash;Other Relationships&rdquo;
    and &ldquo;Underwriting (Conflicts of Interest)&mdash;Conflicts of Interest &rdquo; in the Preliminary Prospectus Supplement.</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 41; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Sch C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 30%">Principal Amount:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%">$750,000,000</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Maturity Date:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">October 13, 2032</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest Rate:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">5.625% per annum, accruing from October 13, 2022</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Interest Payment Dates:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">April 13 and October 13, commencing April 13, 2023</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Price to Public:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">99.879%, plus accrued interest, if any</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Spread to Benchmark Treasury:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">+200 basis points</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Benchmark Treasury:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">2.750% due August 15, 2032</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Benchmark Treasury Price/Yield:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">92-21+ / 3.641%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Reoffer Yield:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">5.641%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Optional Redemption:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Prior to July 13, 2032 (three months prior to their maturity
    date) (the &ldquo;Par Call Date&rdquo;), the Company may redeem the notes at its option, in whole or in part, at any time and from
    time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to
    the greater of:</TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: -171pt; width: 65%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">(1)(a) the sum of the present values of
    the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the notes matured
    on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as
    such term is defined under the caption &ldquo;Description of Notes&mdash;Optional Redemption&rdquo; in the Preliminary Prospectus
    Supplement) plus 30 basis points less (b) interest accrued to the date of redemption, and</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0in">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">(2) 100% of the principal amount of the
    notes to be redeemed,</TD>
    </TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">plus, in either case, accrued and unpaid interest thereon
    to the redemption date.</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 42; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Sch C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 70%">On or after the Par Call Date, the Company may
    redeem the notes at its option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the
    principal amount of the notes being redeemed plus accrued and unpaid interest thereon to the redemption date.</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">See the information under the caption &ldquo;Description of
    Notes&mdash;Optional Redemption&rdquo; in the Preliminary Prospectus Supplement for further terms and provisions applicable to optional
    redemption of the notes.</TD>
    </TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30%">CUSIP/ISIN:</TD><TD STYLE="width: 70%">756109 BP8 / US756109BP80</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Underwriters</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 30%"><FONT STYLE="font-size: 10pt">Joint Book-Running Managers:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 30%"><FONT STYLE="font-size: 10pt">Barclays Capital Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 40%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Citigroup Global Markets Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">J.P. Morgan Securities LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Mizuho Securities USA LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BofA Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BNP Paribas Securities Corp.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Credit Suisse Securities (USA) LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Goldman Sachs &amp; Co. LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Morgan Stanley &amp; Co. LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">RBC Capital Markets, LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Scotia Capital (USA) Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">TD Securities (USA) LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">U.S. Bancorp Investments, Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Wells Fargo Securities, LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Co-Lead Managers:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BBVA Securities Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BNY Mellon Capital Markets, LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">PNC Capital Markets LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Regions Securities LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Truist Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Senior Co-Managers:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BMO Capital Markets Corp.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Citizens Capital Markets, Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Huntington Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Co-Managers:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Comerica Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Samuel A. Ramirez &amp; Company, Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">UBS Securities LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Academy Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Loop Capital Markets LLC</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">An affiliate
of BNY Mellon Capital Markets, LLC, one of the underwriters, is the trustee under the indenture governing the notes</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Comerica Securities, Inc., a Financial Industry Regulatory Authority,
Inc. member, is paying a referral fee to an affiliated entity, Comerica Bank, which is a lender under the Company&rsquo;s $4.25 billion
revolving credit facility and $250.0 million term loan facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Associated
Investment Services, Inc. (AIS), a Financial Industry Regulatory Authority, Inc. member and a subsidiary of Associated Banc-Corp, is
being paid a referral fee by Samuel A. Ramirez &amp; Company, Inc. A subsidiary of Associated Banc-Corp is a lender under the Company&rsquo;s
$4.25 billion revolving credit facility and $250.0 million term loan facility.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 43; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Sch C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT><BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before
you invest, you should read the prospectus in that registration statement and the related prospectus supplement and other documents the
issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free
by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering
will arrange to send you the prospectus and related prospectus supplement if you request it by contacting Barclays Capital Inc. by telephone
(toll free) at 1-888-603-5847,</FONT> Citigroup Global Markets Inc. by telephone (toll free) at 1-800-831-9146, J.P. Morgan Securities
LLC by telephone (collect) at 1-212-834-4533 or Mizuho Securities USA LLC by telephone (toll free) at 1-866-271-7403.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>No PRIIPs
or UK PRIIPs KID </B></FONT>&ndash; No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail
in EEA or UK.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The communication of this term sheet and any other document or materials
relating to the issue of the notes offered hereby is not being made, and such documents and/or materials have not been approved, by an
authorized person for the purposes of section 21 of the United Kingdom's Financial Services and Markets Act 2000, as amended (the &ldquo;FSMA&rdquo;).
Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United
Kingdom. This document and such other documents and/or materials are for distribution only to persons who (i) have professional experience
in matters relating to investments and who fall within the definition of investment professionals (as defined in Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the &ldquo;Financial Promotion Order&rdquo;)),
(ii) fall within Article 49(2)(a) to (d) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are other persons
to whom it may otherwise lawfully be made under the Financial Promotion Order (all such persons together being referred to as &ldquo;relevant
persons&rdquo;). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant
persons. Any investment or investment activity to which this term sheet and any other document or materials relates will be engaged in
only with relevant persons. Any person in the United Kingdom that is not a relevant person should not act or rely on this term sheet
or any of its contents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 44; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Sch C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE D</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Issuer General Use Free Writing Prospectuses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD>Issuer
                                            Free Writing Prospectus dated October 3, 2022 setting forth certain terms of the Securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 45; Options: NewSection Last; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Sch D-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>o-20221003.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.16a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWa+CibOdzZR+CYkxtmBzbVmqDykm7qxrnijlegj28ToK -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:srt-types="http://fasb.org/srt-types/2021-01-31" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:o="http://realtyincome.com/20221003" elementFormDefault="qualified" targetNamespace="http://realtyincome.com/20221003">
    <annotation>
      <appinfo>
	<link:roleType roleURI="http://realtyincome.com/role/Cover" id="Cover">
	  <link:definition>00000001 - Document - Cover</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:linkbaseRef xlink:type="simple" xlink:href="o-20221003_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="o-20221003_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="o-20221003_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2021q4" schemaLocation="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd" />
    <import namespace="http://fasb.org/us-gaap/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd" />
    <import namespace="http://fasb.org/us-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2021" schemaLocation="https://xbrl.sec.gov/country/2021/country-2021.xsd" />
    <import namespace="http://fasb.org/srt/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd" />
    <import namespace="http://fasb.org/srt-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd" />
    <element id="o_Notes1.125PercentDue2027Member" name="Notes1.125PercentDue2027Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes1.875PercentDue2027Member" name="Notes1.875PercentDue2027Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes1.625PercentDue2030Member" name="Notes1.625PercentDue2030Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes1.750PercentDue2033Member" name="Notes1.750PercentDue2033Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes2.500PercentDue2042Member" name="Notes2.500PercentDue2042Member" abstract="true" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>4
<FILENAME>o-20221003_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.16a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://realtyincome.com/role/Cover" xlink:href="o-20221003.xsd#Cover" xlink:type="simple" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
    <link:definitionLink xlink:type="extended" xlink:role="http://realtyincome.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInformationLineItems" xlink:label="loc_deiEntityInformationLineItems" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_us-gaapCommonStockMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.125PercentDue2027Member" xlink:label="loc_oNotes1.125PercentDue2027Member_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.125PercentDue2027Member_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.875PercentDue2027Member" xlink:label="loc_oNotes1.875PercentDue2027Member_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.875PercentDue2027Member_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.625PercentDue2030Member" xlink:label="loc_oNotes1.625PercentDue2030Member_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.625PercentDue2030Member_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.750PercentDue2033Member" xlink:label="loc_oNotes1.750PercentDue2033Member_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.750PercentDue2033Member_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes2.500PercentDue2042Member" xlink:label="loc_oNotes2.500PercentDue2042Member_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes2.500PercentDue2042Member_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentType_80" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiAmendmentFlag_80" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiAmendmentDescription_80" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentRegistrationStatement_80" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentAnnualReport_80" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentQuarterlyReport_80" xlink:type="arc" order="5" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentTransitionReport_80" xlink:type="arc" order="6" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentShellCompanyReport_80" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate_80" xlink:type="arc" order="8" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentPeriodStartDate_80" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentPeriodEndDate_80" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus_80" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentFiscalYearFocus_80" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate_80" xlink:type="arc" order="13" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityFileNumber_80" xlink:type="arc" order="14" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityRegistrantName_80" xlink:type="arc" order="15" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityCentralIndexKey_80" xlink:type="arc" order="16" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityPrimarySicNumber_80" xlink:type="arc" order="17" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber_80" xlink:type="arc" order="18" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode_80" xlink:type="arc" order="19" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine1_80" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine2_80" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine3_80" xlink:type="arc" order="22" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressCityOrTown_80" xlink:type="arc" order="23" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressStateOrProvince_80" xlink:type="arc" order="24" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressCountry_80" xlink:type="arc" order="25" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressPostalZipCode_80" xlink:type="arc" order="26" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiCountryRegion_80" xlink:type="arc" order="27" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiCityAreaCode_80" xlink:type="arc" order="28" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiLocalPhoneNumber_80" xlink:type="arc" order="29" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="loc_deiExtension_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiExtension_80" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiWrittenCommunications_80" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSolicitingMaterial_80" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiPreCommencementTenderOffer_80" xlink:type="arc" order="33" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer_80" xlink:type="arc" order="34" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSecurity12bTitle_80" xlink:type="arc" order="35" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiNoTradingSymbolFlag_80" xlink:type="arc" order="36" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiTradingSymbol_80" xlink:type="arc" order="37" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSecurityExchangeName_80" xlink:type="arc" order="38" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSecurity12gTitle_80" xlink:type="arc" order="39" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSecurityReportingObligation_80" xlink:type="arc" order="40" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiAnnualInformationForm_80" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements_80" xlink:type="arc" order="42" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer_80" xlink:type="arc" order="43" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityVoluntaryFilers_80" xlink:type="arc" order="44" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityCurrentReportingStatus_80" xlink:type="arc" order="45" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent_80" xlink:type="arc" order="46" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityFilerCategory_80" xlink:type="arc" order="47" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntitySmallBusiness_80" xlink:type="arc" order="48" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany_80" xlink:type="arc" order="49" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityExTransitionPeriod_80" xlink:type="arc" order="50" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentAccountingStandard_80" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber_80" xlink:type="arc" order="52" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityShellCompany_80" xlink:type="arc" order="53" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityPublicFloat_80" xlink:type="arc" order="54" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent_80" xlink:type="arc" order="55" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding_80" xlink:type="arc" order="56" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock_80" xlink:type="arc" order="57" />
    </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>o-20221003_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.16a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US">Class of Stock [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.125PercentDue2027Member" xlink:label="o_Notes1.125PercentDue2027Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.125PercentDue2027Member" xlink:to="o_Notes1.125PercentDue2027Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes1.125PercentDue2027Member_lbl" xml:lang="en-US">1.125% Notes due 2027 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.875PercentDue2027Member" xlink:label="o_Notes1.875PercentDue2027Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.875PercentDue2027Member" xlink:to="o_Notes1.875PercentDue2027Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes1.875PercentDue2027Member_lbl" xml:lang="en-US">1.875% Notes due 2027 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.625PercentDue2030Member" xlink:label="o_Notes1.625PercentDue2030Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.625PercentDue2030Member" xlink:to="o_Notes1.625PercentDue2030Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes1.625PercentDue2030Member_lbl" xml:lang="en-US">1.625% Notes due 2030 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.750PercentDue2033Member" xlink:label="o_Notes1.750PercentDue2033Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.750PercentDue2033Member" xlink:to="o_Notes1.750PercentDue2033Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes1.750PercentDue2033Member_lbl" xml:lang="en-US">1.750% Notes due 2033 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes2.500PercentDue2042Member" xlink:label="o_Notes2.500PercentDue2042Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes2.500PercentDue2042Member" xlink:to="o_Notes2.500PercentDue2042Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes2.500PercentDue2042Member_lbl" xml:lang="en-US">2.500% Notes due 2042 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInformationLineItems" xlink:label="dei_EntityInformationLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInformationLineItems" xlink:to="dei_EntityInformationLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInformationLineItems_lbl" xml:lang="en-US">Entity Information [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.125PercentDue2027Member" xlink:to="o_Notes1.125PercentDue2027Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="o_Notes1.125PercentDue2027Member_doc" xml:lang="en-US">1.125% Notes due 2027</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.625PercentDue2030Member" xlink:to="o_Notes1.625PercentDue2030Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="o_Notes1.625PercentDue2030Member_doc" xml:lang="en-US">1.625% Notes due 2030</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.750PercentDue2033Member" xlink:to="o_Notes1.750PercentDue2033Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="o_Notes1.750PercentDue2033Member_doc" xml:lang="en-US">1.750% Notes due 2033</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.875PercentDue2027Member" xlink:to="o_Notes1.875PercentDue2027Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="o_Notes1.875PercentDue2027Member_doc" xml:lang="en-US">1.875% Notes due 2027</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes2.500PercentDue2042Member" xlink:to="o_Notes2.500PercentDue2042Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="o_Notes2.500PercentDue2042Member_doc" xml:lang="en-US">2.500% Notes due 2042</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>o-20221003_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.16a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://realtyincome.com/role/Cover" xlink:href="o-20221003.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://realtyincome.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInformationLineItems" xlink:label="loc_deiEntityInformationLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_deiEntityInformationLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_us-gaapCommonStockMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.125PercentDue2027Member" xlink:label="loc_oNotes1.125PercentDue2027Member" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.125PercentDue2027Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.875PercentDue2027Member" xlink:label="loc_oNotes1.875PercentDue2027Member" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.875PercentDue2027Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.625PercentDue2030Member" xlink:label="loc_oNotes1.625PercentDue2030Member" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.625PercentDue2030Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes1.750PercentDue2033Member" xlink:label="loc_oNotes1.750PercentDue2033Member" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.750PercentDue2033Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20221003.xsd#o_Notes2.500PercentDue2042Member" xlink:label="loc_oNotes2.500PercentDue2042Member" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes2.500PercentDue2042Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiEntityInformationLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.22.2.2</span><table class="report" border="0" cellspacing="2" id="idm140452579134640">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Oct. 03, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInformationLineItems', window );"><strong>Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Oct.  03,  2022<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-13374<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">REALTY
INCOME CORPORATION<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000726728<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">33-0580106<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">MD<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">11995 El Camino Real<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">San Diego<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">92130<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">858<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">284-5000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInformationLineItems', window );"><strong>Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.01 Par Value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes1.125PercentDue2027Member', window );">1.125% Notes due 2027 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInformationLineItems', window );"><strong>Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">1.125% Notes due 2027<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O27A<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes1.875PercentDue2027Member', window );">1.875% Notes due 2027 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInformationLineItems', window );"><strong>Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">1.875% Notes due 2027<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O27B<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes1.625PercentDue2030Member', window );">1.625% Notes due 2030 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInformationLineItems', window );"><strong>Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">1.625% Notes due 2030<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O30<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes1.750PercentDue2033Member', window );">1.750% Notes due 2033 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInformationLineItems', window );"><strong>Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">1.750% Notes due 2033<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O33A<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes2.500PercentDue2042Member', window );">2.500% Notes due 2042 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInformationLineItems', window );"><strong>Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">2.500% Notes due 2042<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O42<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes1.125PercentDue2027Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes1.125PercentDue2027Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes1.875PercentDue2027Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes1.875PercentDue2027Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes1.625PercentDue2030Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes1.625PercentDue2030Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes1.750PercentDue2033Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes1.750PercentDue2033Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes2.500PercentDue2042Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes2.500PercentDue2042Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>tm2227092d5_8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2021q4"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:o="http://realtyincome.com/20221003"
  xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="o-20221003.xsd" xlink:type="simple"/>
    <context id="From2022-10-03to2022-10-03">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
        </entity>
        <period>
            <startDate>2022-10-03</startDate>
            <endDate>2022-10-03</endDate>
        </period>
    </context>
    <context id="From2022-10-032022-10-03_us-gaap_CommonStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-10-03</startDate>
            <endDate>2022-10-03</endDate>
        </period>
    </context>
    <context id="From2022-10-032022-10-03_custom_Notes1.125PercentDue2027Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.125PercentDue2027Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-10-03</startDate>
            <endDate>2022-10-03</endDate>
        </period>
    </context>
    <context id="From2022-10-032022-10-03_custom_Notes1.875PercentDue2027Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.875PercentDue2027Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-10-03</startDate>
            <endDate>2022-10-03</endDate>
        </period>
    </context>
    <context id="From2022-10-032022-10-03_custom_Notes1.625PercentDue2030Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.625PercentDue2030Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-10-03</startDate>
            <endDate>2022-10-03</endDate>
        </period>
    </context>
    <context id="From2022-10-032022-10-03_custom_Notes1.750PercentDue2033Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.750PercentDue2033Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-10-03</startDate>
            <endDate>2022-10-03</endDate>
        </period>
    </context>
    <context id="From2022-10-032022-10-03_custom_Notes2.500PercentDue2042Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes2.500PercentDue2042Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-10-03</startDate>
            <endDate>2022-10-03</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:EntityCentralIndexKey contextRef="From2022-10-03to2022-10-03">0000726728</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="From2022-10-03to2022-10-03">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="From2022-10-03to2022-10-03">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="From2022-10-03to2022-10-03">2022-10-03</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="From2022-10-03to2022-10-03">REALTY INCOME CORPORATION</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="From2022-10-03to2022-10-03">MD</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="From2022-10-03to2022-10-03">1-13374</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="From2022-10-03to2022-10-03">33-0580106</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="From2022-10-03to2022-10-03">11995 El Camino Real</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="From2022-10-03to2022-10-03">San Diego</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="From2022-10-03to2022-10-03">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="From2022-10-03to2022-10-03">92130</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="From2022-10-03to2022-10-03">858</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="From2022-10-03to2022-10-03">284-5000</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="From2022-10-03to2022-10-03">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="From2022-10-03to2022-10-03">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="From2022-10-03to2022-10-03">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="From2022-10-03to2022-10-03">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="From2022-10-032022-10-03_us-gaap_CommonStockMember">Common Stock, $0.01 Par Value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-10-032022-10-03_us-gaap_CommonStockMember">O</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-10-032022-10-03_us-gaap_CommonStockMember">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-10-032022-10-03_custom_Notes1.125PercentDue2027Member">1.125% Notes due 2027</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-10-032022-10-03_custom_Notes1.125PercentDue2027Member">O27A</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-10-032022-10-03_custom_Notes1.125PercentDue2027Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-10-032022-10-03_custom_Notes1.875PercentDue2027Member">1.875% Notes due 2027</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-10-032022-10-03_custom_Notes1.875PercentDue2027Member">O27B</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-10-032022-10-03_custom_Notes1.875PercentDue2027Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-10-032022-10-03_custom_Notes1.625PercentDue2030Member">1.625% Notes due 2030</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-10-032022-10-03_custom_Notes1.625PercentDue2030Member">O30</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-10-032022-10-03_custom_Notes1.625PercentDue2030Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-10-032022-10-03_custom_Notes1.750PercentDue2033Member">1.750% Notes due 2033</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-10-032022-10-03_custom_Notes1.750PercentDue2033Member">O33A</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-10-032022-10-03_custom_Notes1.750PercentDue2033Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2022-10-032022-10-03_custom_Notes2.500PercentDue2042Member">2.500% Notes due 2042</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2022-10-032022-10-03_custom_Notes2.500PercentDue2042Member">O42</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2022-10-032022-10-03_custom_Notes2.500PercentDue2042Member">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="From2022-10-03to2022-10-03">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>9
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M6J6;UCYN[ODLRI1D>LKN6%(Y3[#.?;][,_G\P^"N-[SMH][P?C2\[TX&PSO
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MGNJ)29)ENFEN6:4K6,B&=6Q(@.$&/A9Q%$0J2F?H5J>WC%Y7]L8/K&+U8Q"
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MCMQC)8QQ8K3^-8+)#^Q^ %!+ P04    " "9,$55JL0B%C,!   B @  #P
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M2P$"% ,4    " "9,$55<.VLM.X    K @  $0              @ &O
M9&]C4')O<',O8V]R92YX;6Q02P$"% ,4    " "9,$55F5R<(Q &  "<)P
M$P              @ ', 0  >&PO=&AE;64O=&AE;64Q+GAM;%!+ 0(4 Q0
M   ( )DP154YPXPJR04  (@A   8              " @0T(  !X;"]W;W)K
M<VAE971S+W-H965T,2YX;6Q02P$"% ,4    " "9,$55GZ ;\+$"  #B#
M#0              @ $,#@  >&PO<W1Y;&5S+GAM;%!+ 0(4 Q0    ( )DP
M1567BKL<P    !,"   +              "  >@0  !?<F5L<R\N<F5L<U!+
M 0(4 Q0    ( )DP156JQ"(6,P$  "("   /              "  =$1  !X
M;"]W;W)K8F]O:RYX;6Q02P$"% ,4    " "9,$55)!Z;HJT   #X 0  &@
M            @ $Q$P  >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"
M% ,4    " "9,$5599!YDAD!  #/ P  $P              @ $6%   6T-O
F;G1E;G1?5'EP97-=+GAM;%!+!08     "0 ) #X"  !@%0     !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.22.2.2</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>7</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>6</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="tm2227092d5_8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://realtyincome.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="tm2227092d5_8k.htm">tm2227092d5_8k.htm</File>
    <File>o-20221003.xsd</File>
    <File>o-20221003_def.xml</File>
    <File>o-20221003_lab.xml</File>
    <File>o-20221003_pre.xml</File>
    <File>tm2227092d5_ex1-1.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="37">http://xbrl.sec.gov/dei/2021q4</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>14
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "tm2227092d5_8k.htm": {
   "axisCustom": 0,
   "axisStandard": 1,
   "contextCount": 7,
   "dts": {
    "definitionLink": {
     "local": [
      "o-20221003_def.xml"
     ]
    },
    "inline": {
     "local": [
      "tm2227092d5_8k.htm"
     ]
    },
    "labelLink": {
     "local": [
      "o-20221003_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "o-20221003_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "o-20221003.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd",
      "https://xbrl.sec.gov/country/2021/country-2021.xsd",
      "https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd"
     ]
    }
   },
   "elementCount": 69,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2021q4": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 22,
   "memberCustom": 5,
   "memberStandard": 1,
   "nsprefix": "o",
   "nsuri": "http://realtyincome.com/20221003",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "b",
       "span",
       "p",
       "body",
       "html"
      ],
      "baseRef": "tm2227092d5_8k.htm",
      "contextRef": "From2022-10-03to2022-10-03",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "00000001 - Document - Cover",
     "role": "http://realtyincome.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "b",
       "span",
       "p",
       "body",
       "html"
      ],
      "baseRef": "tm2227092d5_8k.htm",
      "contextRef": "From2022-10-03to2022-10-03",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 6,
   "tag": {
    "dei_AmendmentDescription": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Description of changes contained within amended document.",
        "label": "Amendment Description"
       }
      }
     },
     "localname": "AmendmentDescription",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AnnualInformationForm": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.",
        "label": "Annual Information Form"
       }
      }
     },
     "localname": "AnnualInformationForm",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AuditedAnnualFinancialStatements": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.",
        "label": "Audited Annual Financial Statements"
       }
      }
     },
     "localname": "AuditedAnnualFinancialStatements",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CountryRegion": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Region code of country",
        "label": "Country Region"
       }
      }
     },
     "localname": "CountryRegion",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page."
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "xbrltype": "stringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentAccountingStandard": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.",
        "label": "Document Accounting Standard"
       }
      }
     },
     "localname": "DocumentAccountingStandard",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "accountingStandardItemType"
    },
    "dei_DocumentAnnualReport": {
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an annual report.",
        "label": "Document Annual Report"
       }
      }
     },
     "localname": "DocumentAnnualReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentPeriodStartDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.",
        "label": "Document Period Start Date"
       }
      }
     },
     "localname": "DocumentPeriodStartDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentQuarterlyReport": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an quarterly report.",
        "label": "Document Quarterly Report"
       }
      }
     },
     "localname": "DocumentQuarterlyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentRegistrationStatement": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a registration statement.",
        "label": "Document Registration Statement"
       }
      }
     },
     "localname": "DocumentRegistrationStatement",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentShellCompanyEventDate": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Date of event requiring a shell company report.",
        "label": "Document Shell Company Event Date"
       }
      }
     },
     "localname": "DocumentShellCompanyEventDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentShellCompanyReport": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.",
        "label": "Document Shell Company Report"
       }
      }
     },
     "localname": "DocumentShellCompanyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r15"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Documents incorporated by reference.",
        "label": "Documents Incorporated by Reference [Text Block]"
       }
      }
     },
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "textBlockItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine3": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 3 such as an Office Park",
        "label": "Entity Address, Address Line Three"
       }
      }
     },
     "localname": "EntityAddressAddressLine3",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCountry": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ISO 3166-1 alpha-2 country code.",
        "label": "Entity Address, Country"
       }
      }
     },
     "localname": "EntityAddressCountry",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "countryCodeItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not.  Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.",
        "label": "Entity Bankruptcy Proceedings, Reporting Current"
       }
      }
     },
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityExTransitionPeriod": {
     "auth_ref": [
      "r19"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.",
        "label": "Elected Not To Use the Extended Transition Period"
       }
      }
     },
     "localname": "EntityExTransitionPeriod",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInformationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Entity Information [Line Items]"
       }
      }
     },
     "localname": "EntityInformationLineItems",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r16"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityPrimarySicNumber": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.",
        "label": "Entity Primary SIC Number"
       }
      }
     },
     "localname": "EntityPrimarySicNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "sicNumberItemType"
    },
    "dei_EntityPublicFloat": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.",
        "label": "Entity Public Float"
       }
      }
     },
     "localname": "EntityPublicFloat",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "monetaryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_EntityVoluntaryFilers": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.",
        "label": "Entity Voluntary Filers"
       }
      }
     },
     "localname": "EntityVoluntaryFilers",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "auth_ref": [
      "r17"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.",
        "label": "Entity Well-known Seasoned Issuer"
       }
      }
     },
     "localname": "EntityWellKnownSeasonedIssuer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_Extension": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Extension number for local phone number.",
        "label": "Extension"
       }
      }
     },
     "localname": "Extension",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_NoTradingSymbolFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a security having no trading symbol.",
        "label": "No Trading Symbol Flag"
       }
      }
     },
     "localname": "NoTradingSymbolFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "trueItemType"
    },
    "dei_OtherReportingStandardItemNumber": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.",
        "label": "Other Reporting Standard Item Number"
       }
      }
     },
     "localname": "OtherReportingStandardItemNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "otherReportingStandardItemNumberItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r7"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r8"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_Security12gTitle": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(g) registered security.",
        "label": "Title of 12(g) Security"
       }
      }
     },
     "localname": "Security12gTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SecurityReportingObligation": {
     "auth_ref": [
      "r9"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.",
        "label": "Security Reporting Obligation"
       }
      }
     },
     "localname": "SecurityReportingObligation",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "securityReportingObligationItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r10"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "o_Notes1.125PercentDue2027Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "1.125% Notes due 2027",
        "label": "1.125% Notes due 2027 [Member]"
       }
      }
     },
     "localname": "Notes1.125PercentDue2027Member",
     "nsuri": "http://realtyincome.com/20221003",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "o_Notes1.625PercentDue2030Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "1.625% Notes due 2030",
        "label": "1.625% Notes due 2030 [Member]"
       }
      }
     },
     "localname": "Notes1.625PercentDue2030Member",
     "nsuri": "http://realtyincome.com/20221003",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "o_Notes1.750PercentDue2033Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "1.750% Notes due 2033",
        "label": "1.750% Notes due 2033 [Member]"
       }
      }
     },
     "localname": "Notes1.750PercentDue2033Member",
     "nsuri": "http://realtyincome.com/20221003",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "o_Notes1.875PercentDue2027Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "1.875% Notes due 2027",
        "label": "1.875% Notes due 2027 [Member]"
       }
      }
     },
     "localname": "Notes1.875PercentDue2027Member",
     "nsuri": "http://realtyincome.com/20221003",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "o_Notes2.500PercentDue2042Member": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "2.500% Notes due 2042",
        "label": "2.500% Notes due 2042 [Member]"
       }
      }
     },
     "localname": "Notes2.500PercentDue2042Member",
     "nsuri": "http://realtyincome.com/20221003",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_ClassOfStockDomain": {
     "auth_ref": [],
     "localname": "ClassOfStockDomain",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_CommonStockMember": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Common Stock [Member]"
       }
      }
     },
     "localname": "CommonStockMember",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "domainItemType"
    },
    "us-gaap_StatementClassOfStockAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Axis]"
       }
      }
     },
     "localname": "StatementClassOfStockAxis",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "us-gaap_StatementTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement [Table]"
       }
      }
     },
     "localname": "StatementTable",
     "nsuri": "http://fasb.org/us-gaap/2021-01-31",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    }
   },
   "unitCount": 3
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r10": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r11": {
   "Name": "Form 10-K",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "310"
  },
  "r12": {
   "Name": "Form 10-Q",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "308",
   "Subsection": "a"
  },
  "r13": {
   "Name": "Form 20-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "220",
   "Subsection": "f"
  },
  "r14": {
   "Name": "Form 40-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "240",
   "Subsection": "f"
  },
  "r15": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r16": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r17": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "405"
  },
  "r18": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  },
  "r19": {
   "Name": "Securities Act",
   "Number": "7A",
   "Publisher": "SEC",
   "Section": "B",
   "Subsection": "2"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-23"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "g"
  },
  "r6": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12, 13, 15d"
  },
  "r7": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r8": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r9": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "15",
   "Subsection": "d"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0001104659-22-106107-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001104659-22-106107-xbrl.zip
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M    ;RTR,#(R,3 P,U]D968N>&ULU5U;4^,X&GW?JOT/WLQSR(6F+TRS4W2
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MR(.>.+^Y>TTEYLB7X1.^0!)EG&V>F",ZXHF%/.B)\XW6R<D[45/;DMGW.I2
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M#   W:   !(   !O+3(P,C(Q,# S7VQA8BYX;6S-G6MOW+@5AK\7Z']@9[%
M"V0\MSC9>)-=)':\,-:QW8R3;1L4 4>BQX(UHDMI8OO?EZ0N(Y$\E)Q-2.:#
M,Y;>0[W4>4Q2$L5Y^>O])D5?",L3FKT:S?:F(T2RB,9)MGXU^K <OUX>GIR,
M4%[@+,8IS<BK449'O_[RU[\@_N_EW\9C=)R0-#Y 1S0:GV17]&=TAC?D /U&
M,L)P0=G/Z"-.MV(+/4Y2PM AW=RFI"!\1WG@ [2_-WN&T7@\H-R/)(LI^_#^
MI"GWNBAN\X/)Y.[N;B^C7_ =93?Y7D0WPPI<%KC8YDUIT_MI]:\,?YDFV<V!
M^+'".4'\?&7YP7V>O!J)XU:'O5OL4;:>S*?3V>1?[TZ7T379X'&2B?,6D5$=
M)4HQQ<U>O'@QD7MKJ::\7[&T/L9B4MMI2N9[$XN^Y21/#G)I[Y1&N)!I[ST,
M A7BMW$M&XM-X]E\O)CMW>?QJ#[Y\@PRFI+WY K):AX4#[<<I3P1)(RJ;=>,
M7)G-I(Q-1/PD(VM<D%@<Z(4XT.R9.- /U>93O"+I" DEYP.LUXM.6570Q+79
M"\(2&K_-OLZU&NW)/O_;8<6?J$ [WGD5+FF!TZ\RWXYT;ON,?-T9W\6Y/].\
MG2=?=Z9;D=_%=J%;?O3I-9_75&P\Y9\Z%LE]P3LP$M<F11&6%E@>078,5=E-
MZ33JE)N*UIPRO>ZB9Y1E7N%\)0O>YN,UQK?\ //9A*1%7F\9BRWCZ:QJOW^H
M-G\6/239D*PX3'&>GU\M"QK=O+Y/\OIHLJJO1@/T$[4:(O(UJ^N"6=1S0BK%
M)**\.[LMQFEYZLOP*T8W@VQ49XX.$'].5TWYY:GF%H"*=&2,Y'3+(O*H3+=K
M,_2L5@XW*8\0PS:2C3\L1[](&:)72 K1)R'][\O)KFB/1/$AX(9FTM@[LED1
M!M39H'-)$&BS38XF"H88R)E&BM35G)32/TT*%;F?S[A1F7GZ^8P6))_MS>;[
MO.^/.,='6\(ESXT ],M=<##4M,"A3^N=BH$&53BD_D<D8U&\)4A$?'=*?GK^
M*$I N5-*>DQW* &TX5!B-ZA3PO7.*7G6)7DQM5,"RIU2TF.Z0PF@#8<2NT&=
MDF=J6[*8?G=*GN]/.QX7=DI N5-*>DQW* &TX5!B-ZA3PO4*)8OO3,E\;W_:
M\?AT;J/$(G=(2:_I%B6@-A1*^@RJE$A]EY*G\V]&R;>^<K[$J]V-">C"KA)Y
MN4;N&#1>&$N%=UJLME1&&A'Z)&7?%HN<1'MK^F42DT02\;^GXN.X_"@QX+]^
M?IL52?$@'CBPC;S??IIDY(3;4N^>](E=8#',L,##KO2.R2![*BYE &I%H$\B
M!LD@'_ <T6@K(>>E&FK8W>T*$).I&HGVOB @,!A2TUY+D-!X2/)K?O!8&#A.
M\=I0!66_JS0;;=5Y[NP,(M$F1VJF&PT2(I^I/B)YQ));T<;8ZM*1.4^\P:26
M_Y8F+ QT8S -+:W'1OX]62=YP63'TXQ<+$T:H'?=#5AMJ_V"41P$.$,<@CU'
M.P@U41Y9>IUE6YR^)[>4V1#JRER38S*I M/6!,6)P1B(1ZE%I=@C%?_<8E80
MEC[T@J$I7;,!6%7Q4&1!$6+V!D+2R/US<LEPEB>B,>L%19<ZOPP!S&J7)(HN
M*%8 <_"E2J/W3\ORFJ2IF-2)L_Z&Q21V30QL6&5&5P9%#6@/Y$9&H"HD+'3>
M?A&C=CYT&ECAEMXG0)IM&T.-.%B,5(<#29)A2,1YI*DUI[2'(TWIFB# JLJ.
M(@N*&K,WD)=2CJ0^#%#>9O$@3!J='T@4FV9$*E& @'2=]>'!U;[A.$[R"*>E
MGV.^S?2<QJ)U#0EH5P5%$P8%"^0.!*8,J+F1(=ZA^3?!;!@R+:4?8#2K9EP:
M68"PJ-[Z4!%Z;Z <;AGK.(=['UCJ"I4^LS4KD"X(6'K,:9.@2WD'%H^]4?DL
M6KPP>;8US$,R2]Q.$=#-=2<&[/8'P0-@"I@$('2H%'K+?OU4(2O$FZI@E529
M6PK,)KLD=#4!T6 T!A"QT\H7A[U1<<A;*8;3DRPF][^3![!NFLXM%X#-+AB*
M*" RS,X -"HQDFK$Y=[@N&#)!K.'91+U=!NZT"T>D-$N'ZHJ($  :P AE1HM
M3PY]]RJ7^/XDYL F5TFY $ /*:#>+3 ]MKO< .* \+$[!"CB0:@;Y1NFDRRB
M[):VIDL<TBUO#!\.:0R/6'JB7,]T'5 %=<JK)20@R(;X!"?!MD*?E'-:$!6+
MM\@"D"C!&W6OXYB?K+SZ[S3)R P\!T:M6\(L=KM<&80!T02[ QBJE$_J#TC$
MH/,L)'#FCZCNW#\X\Z'@S(,&9_XUX%S>T8# 63RBN@O_X"R&@K,(&IS%5X'#
MD^^]S3GD'\_9);TS3?@&E5ZPT:T:H=G)PD-&\]8'C @0XQL1XAL5.=@Z9Q>,
M?DFR"!Y&0W(OT "FC>0HVO#P,1OL8Z@9)-=QOD&J!NN]?RRUS$]KTS5I;FI*
M37B@=(WU-C*EVC<6%S0O</J?Y-9ZD6X6>T'$:-@(2D<9'BXF>WW0E#&(!_FZ
MZ*ZP%0] C*^K*?N=/:4VV6H>3;=W!@&"R9&^$E=Y=Z44^4BU8)41#+0,W=W.
M$FTPU>2YM2^,-.N&M"S+OV^N\?4'+9;^32^N:09/+M EKK(-F:LSKNX/(NN
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M(1_M3:?\$]]<;^(_5C@G?,O_ 5!+ P04    " "9,$55"NV\*H@(  !_:@
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M\OR^SS#]>7:\:$.A(W 16QBA3L%:\4?5IGB\!N2H0A"A6L+[/1['>$[#]_A
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MDQ].<Q?-;\Y)CLK=O-$L7)U^2WZ[:V<_?QA(!UIK4!<J^W]02P,$%     @
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MG<$*$IV_[[Z[O?4:1!CP6Z]2HA;E@J$9%04K*(;6=+P46(D5ZY@R.XB-SQV
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M0SOHN#[.ZOK2@4IIOC_J65(^I0D3<];.RKYS#H_>L'?NC Y=1..L4<[YRIK
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M*C *3RO]UUPCJ=Q8H;5)_.3@-L=/'M_J^,G71JY?2TSEJIK6:C]6'M&Z7*:
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M$-G'Z&]Q%H8XRZX$Y+:7G% 6!6$W8#R,E(,L2',I^HCG;B&[(O[JBD"RJ1X
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MT\9*4TZY&)*[W4MMKOK578<!WGG$=YALX#J\!M_9]M:G.\_6B58OU]<K*E)
MHL;BIHH*:<T?KZF(3^@NMG7]P"1A#K<4 0OC> UT5>0-"/&J-4%&QY.5PV*&
M".=!L%J.]?&:HL$I$?,%-F"C=!!GB"ZPC:+T-,/"T-P^DG*:^9FBC@NDIC<6
M=91%RW3+E3^F9E^9E226-$APK<6_138TS8H9GBF$(JIHT--+U'MC(_%&!YZ2
M7/,@(U>2&Y3M94TA\0#&H>E1M&I&JL>4UB;_$WC/F K>,154FL6U(1PQO@&&
M$=A#.C1X;F04LC:<;4.Y.Z85)5;*5*X4R_%PMY)HNHL!1O FY)'-.'-OP;02
MTL00HLA#%!%D%/OL0UF5+DWY[&3<0O)K2VOG:/(J RQ^TM!&5QB:S:.3L74\
M]'O)<926</WI(5@^T%*^$ND;%Z7W+DA&,3IB&M>/CWT8-&)"QK#6]) 9/3"1
M*&EKKT_G&.PX!'N'?E>11LUK6,/I74I44U8!S48'A-LURHENI4MIM V'+_!"
M- I]_0Z>#$F!):6"/0/C;*:7[,)N";*6PNLB,OU%&>0SXNABY!B)_E ^6)DK
MDT+QJB] )M. !C#+:@(N)K!39%_"; MMEC7/ [B<;G3/770J"@'I03XQ-0B-
M[ '+'MSFE(7X1OUW(_-/Q97,W7#GR-V+1C[QO<K@J+>)D"VPLU-2-GHJWU_@
MQ8]Y%2FJ-R1%O,TB'8"+T5+$T7(V,=+%X$6$;*6GL#]2*(V=$#DE?G0HE;<F
M ELR&LRBHK(X!'>1WWW8>UF2D=/Q^Z<#V^5\EA+\Q7.&WE&7")IAAX=9+NPT
MCXM^%C9H8CAATZ%@+BLV.QUL<6HW&$>'^\/%N=Z1.JEREI4R5$R!<=H\ET#1
M]L+Y=YZZ*<AXD)TP^^5LX1(Z,7O&R'Z,48[H:[B%6\HJY9JI;F\Q&[O30Z\1
M&\IJH&]]D$I9U#.A4C"D?_'[]48[COC499O\6P[JIE(W31AMA&82L$G98.[]
M:WN:1.A]2"BYEH1#RJ&Z*"@KJ_7:C9=V['@-@YTXBC*CUE@VDQ^IMJ=;$<"S
ML)<@TH<+BFI&E]O#XCHNT.$:P!<;!GHB:Q^C]D[J/MSG4NILBC8=E6$N6F?O
MQ75Y"O"B_Z[!J(GLA(4E&K@WCJ @5H8B#&C+LV[$,T/X (3"O/^@4_S=O7*4
MXQN#^0H+LN-#8;%"AY(Q"@%-PN7P)!1!Z^;"*D4TU4&ZPK+^U&X&+]K :WZT
M?YN]YC_<:J_YC1"3+H7[4:<#D],FK[G!$O</RWLZK%J,VUO<5J6KJ8K@**1Y
M5ZG%>Z!69N<@@K7G(MW<+-%#7HC:'SK9HV(XU+(IF0:=TKEQ2Y.10?I?HX[I
MQL1NFQ@ "'E+RV3(B:2(R;+8+O[K4HVPZ8%Z/5A1W610@>QWF15= >@FWW&#
M&\6;;X"=650UVZUX9<,YB" ',AXR3'S&4"VY=,V@ZJLRGZ)4=U*QVQE*TKU+
M1&8K)ZXL.6SV*A>1*4*7H4;/ULAP'F/@2.D4= 4I$(5(_AD:XF$2YNBR!Q>C
MB17:A9<</KYI!H+!IDE_U9*5BX9/I*C#T.IYHD(3OS,D\@G!.$"#(G]'\!"R
M,'H=P"++'D%1BJS\0'ZI!2VRL0ZQ5=E'J#&934G8G"LBSXL<@10;4^*&MM\Y
M;C'F,G.?$84"9??#WC?9'RS^DG=7.5FP#1]WM-;TB+_:.9,&,B-T%>9SEVMN
M'4L&^L"?%H=HW5;H0"GS5DWPQG>=^J@A;6_ML+8!(YHL&=I$B6QWD$WIVO%P
M'+@7WCPI&O9)=^\-X<@*$0#D^<T:RA<52(=*P77//?J*"9&-\JSNR01!KYS!
M3$? >?Q: &\9#Q1;!V\4K&]XY8U0T]]=E>6Q^V:#\^!LX$G.!:Z\P\22N4@?
MNWG/*Z3#EC'$&?18?6?=/,!>G!AA6%?4/0SD=ODBCXJY;Z3 8T9PT20T3,LS
MC*X6,891QTC7T;[X\A0"SZUV02!8_W][7]O4-M(L^ITJ_L-4[NX>J$<XV$ @
MR9Y4&6,2[_)6-GER<V_=#[(]!CVQ)1])AK"__O;+S&@DR\: 3(SQ.57[!%O6
M]'3W]/1[.W:O5# =*9,AO3!=,D,\X2,*?M$\#VK/JQ+[;^A\LA69E[*V-)R:
M%2MI?*.HTBZ8];5;<N.B@M!&+WS$_8B3^\[KI=V^8Z(OX]K%0H0,+X-HQ8XI
MKJT";4AJ)#ZN$P!$DCHL2].[C]MM>\KSQ(H/-\Z@D+]RB:N)!7 H E(VK,58
M23 >5&PTD0[UR8D7/"80)\H1:4+9E@!JYUS\.); #^]_FCZ=-B6TFXX+X&>#
MS)8Q^I8T7F0,05!_\*1I3F)KC*=.*P4_\0*ES)OERZJ>-=N5/)<9T;D4\N0L
MB%%)P^B:2<M/S]/.X3AG?<T/4EDOA@7MLD#+*.4D'3HQJ,K\[%AMP=7G[;ND
MX$EI2JR-@"1+OK!T$J-'468Q_-R+=3&!6M8D["@UAT0/Z3IC7R%(J!Y: *DH
MB3[!:D!1-M\'NXB;3 /45:6?0L+0O>,+GQP-=JC[P2PX=GDO!0?.Y"(MOV87
MZ?N5B_17"4==>7HU\OH<Y>F%[J@[ZE-?'R]*]]'"HM49<E[+&[VQ8:J;B0@E
M9:B?$:&4AZBSGA10F'E[Z[+2DP#(]_<T,)=";!RCYL!JXL1KRDY85IV)IC6;
M$'/J-3&6.PWJU0R])N:7/VVWF$T\*5B.'(TQG6[-FDI3-QO2R>5C;5]5JGE>
M3]AI&>?K:P]-.4^_N2",4?N3"2@3,V LE29WF3&!$A/8N*X"T$%TQE-*<0)[
MX!Z##'-G5-4 5<HG+N,QIT_2TS?1<.Q6J8F#!\SLR(NE2A^S1TCY[D!-S^E<
MRZ[)$J^J09#ILH6E$#1SB),=V'&R9KH5HR.^)5.*$)O&]TBLT5)MTXZXR>I=
MP9&U];5JOY_M#NG8@Y/(%YR E.EEDIXFI/S!2>=J'J"G*T\R8B$:M3DF8IP0
MW%H2/51T^E1'N&!(UON-U OD]H=SU!CTOK(TQDU/W74B+S7*%L.F7%!?&D[V
MP@BU-*(/=;.*L3<YRIV173 E.!.GH>Z0I_KIWAFA9)W9G"FRRQ2SF,/9>V^?
MO<EM(PL]52N*%-_ ;$+WSX^Z)T_2L"QOK*GIQ2FR+?DG]>!T)C7AI%3?5-_N
M#2LTK+01XVN32;ZPF8J6'6E#\Q[U=#)[R",MC9EODV<*D!\^;_JC>-CPQ_&*
MYLGE6OG#']?7)DU_%,\[_-',"A=YTQ^-0[CPX8^9+ %5Y\T.HX[RM\XP-3/9
M+G=A,HGUJ5FQFDH83@GY**3F-JK?.GR5!:.8_ ((\'4 5R*[K2ED'G7</O-$
MG,P39=<Q?C-02<8=Q$1D?*X,,OF!;V0_&'([%C*5Z*(T5$%6Y*<I+]V 2K2W
M81\&"!0LF>$7"00+!E['[D&=CH\2 _'DGX37E1G#J=34GLF+'6J]@X_?>RB]
M@5W51< "N;Q(IPPQ?K/7,R<Y2I^5$U(27&1,W53:LA?!\K%Z:#'OV"DF(3='
M4[51D;5&6HLR4PW51$9VDU-]9][L02[W-+.)6W'0^;&^5O^9$)2^=Z.N^S]Z
MEL$I[96/:P*9JM[HFUCIV?=6750'P-L=US=O2JTD[(446Z?66E_CQ:9OBT !
M>>X-1@/ZI_N3_DG^8X5M!:75U=G[J7^I'@\1$GY<_=(\C7$B]NDZ)B#5$Y3H
M*]46(J7=<0#R+@(KUNA[W901G$+]<>.L6=7'B(]9NOIC%%\'(;7\($4T$1==
M+PI'0SJI*9GBJ5K"D$Y,V_5_:.]$RM8S&=A8D0#RED?(\*B+?!FCV/+&$FFN
M>?\@ *4< !U9@S6[LM-W55A)>K2W8QYZ[8B:V_< T[[GXEN3X=AJN^84W&PB
MDV4&'8^/TLF7KJ(;W/I7R=&A*]'E81*1=D$$F5/KZ"A2%#'6PO%C9J:$@"0U
ML9,+';%#+P9P=^*PT.2=\ ["3%>V8YM$BLVT/*3Q IW@R@<5JFL_-SX<0T<8
M,$LD_S%"$T<^J-6 'XPHH*8S]_%K+OA!(T1Z_3YQ!Q5YW7CR5@VV'P: 1!2
M/M5K881R0)ELR5 !3LVG>")]KD),[#<R&HQ,7J6G^5)RDAOG)NA,I)"A@!(O
M4_$.JE(>XI?#:3%+4*7RBH,J.]NKH,J+MR"?UL%EW(X\23(X3/55QJ<%?UAS
M'"8Y9YU'S&"P*K025> !0QCLT4SFL=XH5%EEUE0&E0X_:30#YE"QY^G7SF58
M"AXU?J?RMNUX.I*<90B7_+E/%^MI$)K04;KQ>L$.7N#I@)<<3%A2\2H6D>;/
M)0N0\>&B5K:69?"8+@RL[M]1>$)%-U0^A/HEUN'F3Z!GKB-'"KY=#4Q3&,.K
MW2RGIZ?=-TB1]3Z,UC@Z1%2! X,VN](;J<[/,:8AN;NOE(N[1_[:,8SY@;_5
M9: 0,^E\W90^/TI]96,/:]:QCA[S:;"0C_HW87P2/U?KY&W<),)S((?<.JH9
M"/GFNTF3&S-BBDL(]5!9'>OY"#JJ(U1C!=TW/!>1IOP/:ZW[THQP3N%*89>^
MJ.QN(8K1'^X%72YC^? B7:'/.#:IB*D.,UYXNG!E:GQP(@>:=$O.G +X?Q_O
M<CSIC<E[,IGL^5%%)S6H>\K!2VY9(W.F]E1+R2-RMN&5IF#5[B]E-]KE!7I\
M8"HXFD[LMT.Z28<<.QM_TN,4Y^$3-U7"+.T I,52$)_E-.GTP_F>HKSR&BL4
MDJ.9^B9W7\<S)S/EBYW(-3'Y2S6]X<F%DW1]K33K]E24,YJ+($[@2K";+ABE
M7HW\NZ70H54;+>Z(9.>]JDUFTO81@=0)##W<*:-CW-FGG8EYRHKR,YND@APE
MD,1^$,5#U.JRVJW#Q<.N4ENL*X[&6%-= S5:2(W<Y&@#5Q2KW%_M%9[>J!&6
M2H?:E(.?-,?UM60 *<)D:5HE48VP@V!76%7"A#:M,%N,I_1D8;7!,4F$- S3
MBRE;FJNB4RQ+EQ3>C=G,([!GEH%+YV'IE6U+[XR"R46;<:+*&CGYZJDRB@-T
MP6 P\K4#EM-GE!]7*T; 7UKGR-2GZ=J1)$0"=\B=#@OW )LT(IJ#*7ZD<G64
MFYJ<X&[8Y2FK>&2Q:YP-#IB>"A=Y62L6(.0:-H[Y@>B\#<2A&W;Z>.IJ[M##
ML B.X7;$_NX>X @ES+6HPO^,I&-""<F_ &G;Y?>.J,;46"KP/ZROM>[8(9T^
MF(XX=G\"7DL?Q+O==UL'.[M;!^6=G8^BAG4L83 :IF-@D8)CY^! ? ;IY-^B
M2&O%\,]X(B0[:4AT7+VFN^ND0*B\+V^5=]^]_RC^*EV4T$MPY?JVYG!R4L/U
M=P"BKH<'>BH>ROLI/*@AYYPX\#G$A*@$,4<R@A_O $V/^T$06H!5RA7"S;OM
M@S(/^SWU_AE=!S9<7UM5AJU<V2\KH+3BHH*"41Z0Z"G9KFRGH#Q"#[VFO,8\
M@Y>"J;*]M[5_4*Y\U)J^S6WI&R'#:!YY'IK2Q21JH&DPH+2!<!AHQBB7W[_?
M$W6@$YQ9/Z!GX8 ",8X\>16D EKO*^6=;4P843O ?9]0%=815DS%JKW-"[2$
MGQ!MV'G-T8;R*MJP//=[Q;[?52OAHN_WRSQ3S?-5DSC*%U$]'(3JF@L2K>UQ
M(-KX_+)-!.Q!:8GBE[Z(<QK( E2I\((E3DTA?-H5 HH^EO@%(37LI)IVW?V:
M58@!2\;<O&$JLHA-DH<1V)BIA05R)+&O]/!H4U/1\\(!Y^):8EL7U;OC",EN
M1=RS$_.\202.,IG F%XUG@FL%#2=]<PEBGHH0*8W2R9$0P_O6X#A?_@57-4;
MCK<)5@6_E B8E#TK[W>(2MZ=Z4*I@OQL=EBVZ'B_&^[XKNI"M1?9)'^/\:ON
MRI_D:#&C6*6ENN%S*!-JJTGJ.CLJZ.N^_<"XD=6W)#=J,0LYJ3^ HJ?*M<8<
MGBD4S4GMGDK0V6G%&-&;M78&VH6*_JFZEQS.ICZXVG<99BHY3*%8;HENJI>*
M:V'$JE,%!4WV33F966BIE)8YW P[Z<(.2M>QLUR^EEHET0)>Q,RLI@0&YS1>
MM$$&15\B?S8P\[SQ:8EH5F!XI*$R/]D_9::@I4<YJ()!$"DWE"!<YSX5;;1L
M)>41_X>:E@6<X*J]1"Q5W7O(K5PV:$OWT,="IW:LOCS'^\7MF.XX7U:JEAY)
M ($]4R(OO(KA3U5D2AXK%*G*/***-N[<3RW:;-C$K6X&G?Q,O_X^IN8F(/D;
M4+WD<G?AJ$XAG R9I*[VW=LH$?^9#&C5-#GW^Z5P5Q42T7@*ZQ.2#[_4J"BR
MFI31]L8Y=Z93@BFD]QT3G2S1Y'K+W+P! EB%P.5/S'V-K$D:8["AUF%Z\%%;
M_]3O8AR8(:ZHM4AH34I4D>T,0*95>O*"QY^.%=M/*/:F0-2$@F]*8W*UYQO8
M<WTMQ9_: 7ZM!)LN#LXF =O^<S?[8W2RIURF'M>)2-69,-/Q&#U?ZVM(_EI)
M_(%SI#Z*\L%N>>/'9DFOD3Y<>B&$+K(35WN@?@:W / '00T;]<\[ZN<R]7-7
MQZ=Q,QX%E5!'QQQ<1Y5,W@>WJ)6.2TT#=F6O4CJH@.SY2!4MXP!@$O@]RVOT
M(1@/7'YWO[1#B^NJB'$ CEN-&=>W=T\5*/>OOW-0*>'N2YE<)#[_L_&6 6@*
M$\T&CDV3LH/(J2!B$,@R];E,NHD:@*<+H33?8:H%I2 @JU&% J?LH^\2J\)%
MPX]&7"U L]B4U17*JU%?Y3O@*(917Z5\)3$(/?$ SC].V6@T3$@\Z':WCN&=
M/\0W1 L[T $Z#":PF83-\D=@E6"T+%:'_F'++X4@G,G3NON:/:V5E:=U>>SI
MW70D552QY"X(20T]]KHCD&?P!PBT(19Q<EH%<(C[TZI2+3R!UABAE[:SJ6,:
M6%H]$O@J^I!4!"LE1F5_DOLIMV/,Y ZTEAN7M7C=C-&U'0TS]W55EIB>W:3;
MT?(W'5.KAMYC[IP3#G3]S%9?^E?Q-;H\3;4968PJ;:8MXUN,(EL^.2?;1S7Q
M)^L>)IDLMVQ#5?Z!23XDES YL=&0""7W!NRZ]A@>=DAVL:Z-$G-1?'74M$N=
MF*)!SNN]F_4K B(Z[I#K0'M@1(&H=74\764UFY(PRL UGRA\=S";/TJ2<AT1
M>M$/C7+M,#6C/Q*41F,#4M*\\=$N./;)%YWJQ$Q9E#:)4J_#F[*==!4E2RV*
M<+P(=P94(T7LW\O, %MFDFY2 >A2B^3U-73E\IQ$UTYG0W5,->U,53J[?,Z=
MI,%&SYSV;&/>D#*G4AY<K/W"AOU$O@[HAQZZ9MDC#KL-[J2,TBG:5&?QT:ZY
MS30XQ!V!1C<:<$R"W"C\-YT*)9<<:UA7 G&8DD^DY?7<F[&F25:UVEB1NBG!
M3O:9FC=FJD;NXQE%9&I;D$=DU7!EPPOM]D0]4P>?V_^0ML^(P<.!Q9<^C<7$
MSW7)7^XNT?M\SS;QD-)G XRGA]&F"NZ/0X%O3;Q@F;!_%ELD5I1XY*A-%D>J
MZH8>M))YDR&N2<[E6 SKHU4G.TFZ30A06%O7_@S_RKU2QI)HAX';Y5)EHK9-
M:?;:<'\RXU=3'W<]W*QN?QY$,LM]&4$,IJL-*R4%86 BA> NW[+2%$3;#CTJ
M8;WQPGAD1CS>=TZ4!G_M#3]BY:_!7SXP<5+G9,)>CN[\2QUJC41QM(% BUOW
M CH60%W@ZV$JDZ3.$:=66=+2+K_'2TG-*U"#+V<%C5^GX*&8X]A(516]L29!
M?%2SY&[ LO*I4$4E$"-#I7H$I) XH5/_=-'!/U)7+H]O35VY*-PR=^[#K]Q<
MR2:-_Y%FA6&#"(J.K4)2\QQNGVT/;-V8)AB<$Z'P@"6ZR)L@)2D90?=LUCTV
M4'",](R/G$-G<V&N='92IV[#M K4][N3";=:5XMN\FB]8)-$K9%FBN5T$%M%
M?:WIHLFX=,W-/SR_JP(Z<'RIO;D)A.,GF+C0H1EW#U?K#""Z]8,J$5'+XEA8
MG=@1##U?U]ZKU >4)K[;OZ,)%>SL#V4B.3/7),M@6]V;OAVPA\8[<5((7UX%
M).BR?M74"XUO-4K\NV',J@1E*&!6LO(_>926EP$H!YL3^,4,X<C 8K:2FR5-
MHQ#LX(*9&0,(2NOZV0T '(_<09[*MASNJSGX"/9L'T$#\';%&1+SSL@:H5B0
MQ"=8_L$C#:W.B&G3#YM9)0-Q]91*/*7 &)MYMO)]EK'=VF+ =:U40V&+41UZ
M8]59I=QP5S2CL+ ><^M2]007>--$7"Y5C551' 9HE1*2Q,W@=S2ORG3=9UV3
M30N]@)G'KH-Q$_7AO&L?/7)8^I<T/]>?]')UR.Z(IM@NCTHPB\-W[S4[?'=6
M#M_E$>;O;&'^^?S?]>99X^RS.*E^$]6S(W'9.*T7+M>_-%JB^KE9KY_6X:6P
MS/I:]>R[J)U4&Z>.J,%*302D]5V<-\51HW7Q];(NJLU&"R'[>G94;^(7S?I)
M];(.()YGW]CZ4CTY$8=UP?N!9PZ_TV[@U:W+YE?XH'$FJK7:>?.H>E:KBV^-
MRR_PDOKZ&NR[)<Z/\0_8+;P?_SBK?Q/?SYM_B^K%Q4FC5CT\J>.J9L&6.*T>
MU1E?Y[CN1;UY?-X\Y75:U<81OZLDZO^[5K^ +<,:L$+S6Z,%R]0O!3P-$, G
M]<89:+VMBWJM<=RH,_X)H*/J=]CQ,6P=EC  U1J7W^F9I9+ <V#SU*#4;WCU
MDC/PKQ'<8)>HX1>OO&1O?+#4PU#>!!T: ,37_TPW?G98I6TIF?+*F#K4P=/_
MP2VIFD9.@[4R@%0W3;!F1J0'4W^QQ/X8ST*>45%>\=X4WDLU'Z^;-IE?V /,
M*N"ECF[@$%_49C]2>1IF*KAA7'Q/&F3/:AA['5VSCD#HW)YK#9ER0&F]> Q(
M,FQ[W(W[1OH>Z0$T%S7)N* FKKQI?(<J*>CP[(%$/TXQ7I)6UAGII!6LA!\-
MVGQN.Q9NDEX5:F!0?MHUZOX>D-_E!C""&W[34,7D77HR?!Q<257?J7UO%$$S
M%@+F;AK38YD. #+&+:BED;;8-1$<;:VG/D<7I/H"%"_U%:?A9'^ GZ(C49HO
M$)N\%@YU\WY0-T,PYG,J5)(Z;8_X9\"E HGUYZ2ZWL,=JH:P*?>,DW1,Q" 2
M9]/T9<Q#)+7K)BG^)A6;.(^G4ZN6\)D.9 S5N%,WG5ZH2XEX0)RG9N5B>:\_
MHBXIAL\-BJ)LQ6_/[40>G';+K8;EOG$8^%Y'<%=IRRWEB'''F9,0:-CM9:D#
MJ-.?P KJP_\,KW3')RX+29:T0+UG67$$6&W!X_2*:C=H2_QKDYSH>;\P=Z+M
MTAIWS]& ,^EW3;4^#<I4O@ 55<L*$@IE&U*R)YS;P%D-0+,>-96F914VP8-Z
M4TZRHUS2)'ABG6#$<2#K"?5V;%>M::XBM7H.@3,!\1F28&0 #]-]]"#G@>J,
MG,#,O\;@+37Q65_C]L*JH0_ZF)/B<OQ,C\_E"'\<Z*ZSF8U98Y847DEV\NG4
M@R-NP++M>FH*HVK>[.K@+86PIYP52KUGK+I@4 [1H'8Q.,H[VOHAY9 Z27"'
MX$<H7)G\#YV>5T^VVDJ( @)!5:SC9LY<U5R[QBD;E,(WU@(:4XGSWX;O:"JZ
MZNP['O[*KO5)D$ZF/"<NP]-J2J,I7/2HD8 %QJ6M]ZFQ/?:C-9.%@I7;7?DR
M':8II\J;3__7()]<'I$XIE3@_S?G99]E;S.YMMZ]9M?6[LJU]4RLF>U=E+US
MJ20YFYLM[K"]8<K'3X$Y_-1-@J%#<J?3#:'\ZW">Q_)37%OS-]76MY2^S.7<
M!(/6-D%Z]G%H.,'!E;:6#8*12KKE*-[DFL)P U4JX#"UBC9GVYC50(EKSRQB
M+\G55:N?G%Q4CXX:9Y__^\WV&_J[=5&MZ;\U^_.)[X"\=(<1G #]KX^PB6Y\
MC4!N__Z&N/C/RZ;^V0VJ[1VWK]F.3\8;S>R71_><<PVR.I[PO/FEJ)TCH&?_
M_6;GS4/1=9]X^3?H9:"D8[\>9,K(L2& _S279)_CRR[1YIKUZLGE=]$XJYV?
M I^?-R_.FU7TVCQ]OWI'Q6W%>N-SDZ!@M!_>?;B'U)6L5)F@1[!SJPB8WD9O
M&8Z_0%TG(^\"I/V3^4 _J"3@'@K 9Z.#$;P[O[_)9\C'OG#OWFVP:E7L-G8K
M]RY;+/6>\\@409_[L$-E8 51Y;ZU6M+'_(Q_8T+B!9BR7E=[;M#QS5YD;JX!
M%C6E9LI\>KTE+804$O[_Q^L^]Q@43]=T'VW+9,Q.U%4O3)]DX_@JP J=.PIF
M,]UFL43WG\?^G,7D6@HK[V&D7PC=/T\C>-QI[,O>O2Z#VOG9<8/"]AC*K]8P
M5E\_<A@:UZ1:TD"LGA=B!XUV<"-U<EF^4O,\^O53$/4$C63Q-_=P+@#M5!Q6
MF[63ZO>6J%4O&I?5$P8%[(32JT'#KZ?ZX[7=CR"7N^A_223P_0Y#I/M4S:@H
M4R319_<?!ZFQ54[E%>JZI^ZU#*>"_A3SXYF(E^7/"9@IQHR9<;%93!RF@:+'
M1$*\%*S/"\$S6B:GKN]>H=_T2+7W6XG;%[1=[EX6A'!\1L.A#'$V\"/NW]37
MV1?W@UM^\9M/=VK/'W@/M<9EXW/S_.N%^'QR?E@]$:?5YM_UR]827-O%(/;7
MLUB1NW_,#?](SGHFK>"AFWT[ZW8BM0&E-51G_5W7':A?BJ.2F!E[@!#_A5^#
M+T7YJ *)&!(DT!(@_A?K'XN@=BPP#O/>^^2XU/-;]SS8X[SYN7K&4+3JM:]-
M4!_J+9R@\;)UA6<@V(,!>YPU_DS7[E,,\%8LA]?2%R<ET;J6WDKZ/NY0\F6V
M0F:15UF=\_-OY$)<:BOW=)$7V&GC_WS]<FY=6PR+F@"U1*A8W5_SO;^:01NP
M)8[=Z[#M=JY?M+Q]*38;XYQA60K$+[7/V$X_R0G@+VC8O #^UC&J@]]--_A!
M)/NZ9XD;C0^"'>]YQA#Y[H"+.//'))>FQZPJZ>2U"8E!"YP1LTH**C IZ&"5
M%/2<24'+4/;4JGVI'WT%J5S]\[#YS#MZT'4P.R#/<7'DWH\H@+/W2SOH=V>R
MXZ;GQ#\TYWO&9?/)=*%;(JODK@$6\Q2WO=DU,: E[ XG'?M=I&<0?A#A57NC
MLKWK5'8.G,K>WF8123$'F&LRKF'ECGD6?_RO]Q-H_8 5RT4GG9=S=_#;TP'=
MSKR8FJJ\^53>/G#V][:=[>WM I!QC][\-([Y=@WJ5L%*_=0)W$]BD6<)4#SY
MC8H+=LMP!I_(!'.D?*&R8AS.R3/05QRP(!PPC[,_<;K\BNH+0O4YG_O#H%>U
MR.^\,J%?>;?0Q)_'D3\\NP!K._3:;F2?>RS26A%^40@_YU-?H\DMHC7RHB@U
MM6@#Q/\FRO\5(RP&(\Q# GP&0W> >I[;N8[$'^Y@B$T(2RNR+P[9YWS^M:(?
MNWY?WJU88!%98!XGOWE8,PX@9>4[*YHO#LWG?.Q;G2#V7,,!?-FCPK^B_V+0
M?QYG'M^R4O 6EN1S/O(TG_K0]3M@WL%1UQ/$5H;^8G'!/ [^-]GO1^+8#:]L
M!]_JOE\@LL_;N7?X;]NY]\JN^EUG9W]O84D_']?>=W$*IS[P<[7\5R3M%YOV
M<S[V%V=C5MZ*_ M$_KE8]O**VG>_UMCM@I-\SB?^,AQY4?R:XWB+3?ZY7/:G
MYV-2_K4%\;:==Y7%I?J\@WAPTO^1?C2NZ[VRL[_87#"/L_^%9]W'@?^:9?YB
MTWW>IS\8P%<==XP!7@W]RP5D[;ZP<]]R!R/9%]62:+H#+Y3_F- MC918,< B
M,<"\/?N'K5=K[2TXY>=Q]*L=MRL'=Z]7W.\[>]N+2_(Y'_:3(!@^LT^OX'YW
M,[#'?%9\$>SS5(GQYM-E *SQS-Q0*>W!6[O!J-V73V.(L>*NN:VGV8&OCV=A
MB-S. K.ODBI&+;R4=L9R[/<?Q?F0)D1^P!>K"=)FA&#Y18\0;'6N177K,8,$
MRZ]ZCN!SUW4?+D.5^I]?L2BY@XU,=)L,FOK^$K>6F2I8W.3Z<HD!?OI_L;,+
MG40<RNSYH#F#!C6$&\3KB*#7@_6!$,,0IQ?UU-Q;RZHR,XW?OR\=[+__7?<^
M&>JR<E51CA_R7,EA?Q3A7,=PQ%/%X>,H=M;7O)X@"[T7!@-JK&)&^(KS3HRM
M@D1YQQ&5[4I%;. 2:C2W!<P%0WVNH48VDGIN]\L<RCLW!JH4QD"ICD&7-$9<
M]691;!,'R"!#U^OF<1#/'A>1O*%9TJF)H#9W52KW<Y?8:$L:-NJK+];7X,:!
MQ]3$T_MX!:"($4:<-.H#Q*%[%;K#:[B]>;Y-7T;8](<'KR*0^,NN%]$$5 1N
MN_1N;WL<S/6U-)Q+PHPSZ$6[V\NN%QVN]**%9MI)NE+M12H4:2.M$44CN!>/
M0RG%-R6.+L(@&L(I&T78Y&=][=CKPT5[,0JCD8L2*!!-TWAL=V>''\+LF"@.
M73R;XBQ0=\/.SLY696]_K[S-3^E[6%W#\]8##Z>,I25X^+\7S0;V#Q*7]>:I
M:'VIUR__?'M8G+I(@&AB%OC>_$WOE=Y5]GX'$L3PHNY( J)WG@'1\]M?<L8K
M=,@O<9AX#QE6WY]#P[ BE'T7-Q[X?= *@O4UU@S,I=V542?TVL#/;=D/;DE-
MC*Z#41\_@%^[7?C5E<1;EN>%-Z7;C^_0#XS3R/6<36#R/\((M<((5I=];^#Y
M;GAG0Q*-AL,^SRO'*7?=,>9/Z: 7UDN2\R=:YB5:"75(+\"IYA2/RFR?5A)_
MC7P@^WM:IIQ91C^JWP>*A1J:W@TZ-)T=)[5W]#S1+F&HB^WQNDH-2WT+NE<H
M00&BNX=T$\^?HVI2>?)H]=DAL;I_S7K53_9+P@_1]VCYP/2$->PMQE+X0]9-
MIA[9QT<F\F&*OBI*J8EK>\EF B[C-LYQMLWV&J4FWYDMY8NE%.P^?C4.>4%P
MBU_Z?X_:!)K3A!1@13!B.J !QUX\BN'X@TA#VR)&V1:B7%/V@J&_DDU=V8YM
M\4=F!SW)9PK[85Z!71+Z*$AB-+TRD!, I1>.R9?)#I>AVY7B"*C\P8XZ?!I3
MHI)M/<<Q?W*+W#>?ZC_Q$H+KHR7C6%V2M,^GA4G??!KW\US^:W_SSX=%CYZT
MM2+"O8^,>N7 G<,"3XLB'8%^=9<BW!-IEIMKG4@R(8E5(I!-;LQJ"BA*L*T[
M+?(L"=E6XFN Y\:]<CT0F&#<WA%_D7*"WB.X,N&_;CL8Q<IO9'B0QA&C@N3U
M/%1]T&7CB-MK#ZQTM8)Q-?F@'+9'D>>C1Z?KW@%:^Z!1IN0HO8_@]")R9=&W
M,AR SBEE7&)?E0C!G$IZ/F,YJ>5F0OVK_K-S[?I7A)6!%T79:[]5KUGZ(8H-
M5.(2.. &"/PNZI8#"FR+*^FCKPQT9#=$M?=_1E[("AYC@WY]&Z0V"!0;^>2_
M(L^4&Q)XY!=#TI"P FJ%\ 2^%WLJBP"Q?NM%LL2 5$%O#=$CV[]SA';RA4"^
MZP 0'%W3Z^A-"6G92Z'PCOM(HQW0BB[!8!9:$A$9DG:R;0>UV!LOC$=2$Z'G
M=N*$Y?P@'+C]L9>S*]+L_9:LB* #E$L#U>D'$;GYDA\!@B.TICN*0#8O.T0&
M OR._)!]X!B?[WH#0.>N U12\,5PGO 5>%ZB$?"J0F& M@ER*B@,/9>L^.05
MCFW[H&XQZJM.^O!*#X[)+2S=O?&B .F#IA!0%L^BVE8D@9EB=+*6%D6^%I0]
M\!QR] P.(1AC'2F[T1PD:'4(1N%/#P@DX2S^MK^[6ZJ( 3 _2@ZW!U0#.=H=
M=6(EKE+^:"6[M%.Z#7)2G<'D-W2PA02%=$!V((II/P(@0=RZ;6!-Y9178GSY
M.>3QU/HH<A6UKQ&=Z3DRB7W-8AC-[Y(X'T5*^@*+#M7J'%.C:TQ']!@4%&?J
M,A'&+8"2?1A$N#C?G0/W3@7CX#IU!X%A('BC?Q6Q3R.4^JJ&=\(?.@0TP;1!
M Z8-K(<7 <.RD<3[VD$8TEULFSS9-X!L#/HW^'B'F[6!U/?Z8+4B &!F#V38
MH5"F.Y0HTH.KT!U$<,/B60 \"I#TZ/B@YW4<DD%AT^S6'4;X'>_U6G9IM@9J
M)>%(M8A@C>9&]H,A;9WF073@7HH\,NY1JG>[]&^$) R&,C1J ;\W]7AH+D<&
M!+;1]GQV%-"(49>B)Q%+?UP=3BY\3'(!0Z8#6..&[QA8NP.KN1C(2A9FO6(,
MF4#Y&#0@+RB)AH_WR7]&/BW%<- %HB):I 5IK4BSDV._%8#"B5MX;8O?WFUO
M&]%%RM$1-F@/M^)@JSX* V#^K3OI L7" %0"0Q/$OH-W%MQKAET]GVY4'XZ;
M-R3!%<J.](:T63<E-/^0\/*/[\J)W&0\\'D@.OE" O0=F@S6\W[*[A;2W1$(
MUA:8UP$Z]&*Z=0?>ENO[(]TD_0YC(GC8!CB3@E@NN_YN:7_[]Y*H&NJCRF3C
M" X'Z9)J#6#*6S>$M6+4S(C/F"-M9HPQA<U@X[<]"[6P.U _F,]N,+1&RH,7
MC%";(S\O1]L#1&HGN/*]?RA0*CHNZ&V6:H)Z]_AV?MLWB"R)SQX=.\:>4CJT
M4@&L$\L!"A)?PN(9KHWS3(/ 0"331+'P/@/*&9"=TON=W]%(P*4""BGW;2 <
M*ZV Q18MK4\K*7QY&$'=3JFA)7%,$@/'_?+1A$UWE!-F",_YF$*A#[#?ZWNX
M37BY(2FIG2A5W1"4:RV=)<EN>,ZP*:$&Q.H3!2*#@CP_42PF<LX6S Z@P5@I
M7^V8]T;-WEA#;6SSCT$7D/?QG-[41&<^TOW:&VK/8 +*P]^:^Z50+]:"[5Y/
M?$K=S<\\G#S3*.^1F:+@Y66/@M=><Q2\H"%8\PQN_ K%V(Z1F#$CHDJ9,$]6
MB.WHRF]CR<HO>?[;(E@U;SZ=ZGMV#I[=G<K*HIR&>W.Y-8O O8K=X76/RM3
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M\Z/O>-[??KD\/?GT_P%02P$"% ,4    " "9,$55W7!'%_$#  !6$0  #@
M            @ $     ;RTR,#(R,3 P,RYX<V102P$"% ,4    " "9,$55
M@6 @/%8)  #W;P  $@              @ $=!   ;RTR,#(R,3 P,U]D968N
M>&UL4$L! A0#%     @ F3!%51C#>I;X#   W:   !(              ( !
MHPT  &\M,C R,C$P,#-?;&%B+GAM;%!+ 0(4 Q0    ( )DP154*[;PJB @
M ']J   2              "  <L:  !O+3(P,C(Q,# S7W!R92YX;6Q02P$"
M% ,4    " "9,$55PV*_%JH:  #SD@  $@              @ &#(P  =&TR
M,C(W,#DR9#5?.&LN:'1M4$L! A0#%     @ F3!%59'A1W\LJ0  PS8$ !4
M             ( !73X  '1M,C(R-S Y,F0U7V5X,2TQ+FAT;5!+!08
..!@ & '\!  "\YP     !

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
