<SEC-DOCUMENT>0001104659-23-122044.txt : 20231129
<SEC-HEADER>0001104659-23-122044.hdr.sgml : 20231129
<ACCEPTANCE-DATETIME>20231129161453
ACCESSION NUMBER:		0001104659-23-122044
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20231128
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20231129
DATE AS OF CHANGE:		20231129

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:		231452383

	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>tm2331528d5_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/2023" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2023" xmlns:us-roles="http://fasb.org/us-roles/2023" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:country="http://xbrl.sec.gov/country/2023" xmlns:srt="http://fasb.org/srt/2023" xmlns:o="http://realtyincome.com/20231128">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02C_US%2DGAAP%2D2023 -->
<!-- Field: Set; Name: xdx; ID: xdx_032_o_realtyincome.com_20231128 -->
<!-- Field: Set; Name: xdx; ID: xdx_048_20231128_20231128 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DEntityCentralIndexKey_0000726728 -->
<!-- Field: Set; Name: xdx; ID: xdx_072_SO_T%2D%2D\DeptFiles%2DiXBRL 8%2DK Covers Templates\+++%2DROOT%2DElement%2D+++\DocumentInformationLineItems.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="AsOf2023-11-28" name="dei:AmendmentFlag">false</ix:nonNumeric>
  <ix:nonNumeric contextRef="AsOf2023-11-28" name="dei:EntityCentralIndexKey">0000726728</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="o-20231128.xsd" xlink:type="simple" />
  </ix:references>
 <ix:resources>
    <xbrli:context id="AsOf2023-11-28">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-282023-11-28_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>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-282023-11-28_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>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-282023-11-28_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>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-282023-11-28_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>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-282023-11-28_custom_Notes4.875PercentDue2030Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes4.875PercentDue2030Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-282023-11-28_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>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-282023-11-28_custom_Notes5.125PercentDue2034Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes5.125PercentDue2034Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2023-11-282023-11-28_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>2023-11-28</xbrli:startDate>
        <xbrli:endDate>2023-11-28</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">&#160;</p>

<!-- Field: Rule-Page --><div style="margin-top: 0; margin-bottom: 0; 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="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"></p>

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

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 14pt"><b>United States<br />
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_901_edei--DocumentType_c20231128__20231128_zBEYSmCSQnz3"><ix:nonNumeric contextRef="AsOf2023-11-28" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></span></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b>&#160;</b></span></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 14pt"><b><span></span></b></span><b><span style="font-size: 14pt">Current
Report</span></b></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; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report: <b><span id="xdx_905_edei--DocumentPeriodEndDate_c20231128__20231128_zHLu01gCQ1ql"><ix:nonNumeric contextRef="AsOf2023-11-28" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">November 28, 2023</ix:nonNumeric></span></b></p>

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

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

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span id="xdx_90F_edei--EntityRegistrantName_c20231128__20231128_zDdM8aVth2k2" style="font-size: 14pt"><b><ix:nonNumeric contextRef="AsOf2023-11-28" 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; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#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_900_edei--EntityIncorporationStateCountryCode_c20231128__20231128_zIs4G8pCImC5"><ix:nonNumeric contextRef="AsOf2023-11-28" 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_908_edei--EntityFileNumber_c20231128__20231128_zVfyYSj8zlnf"><ix:nonNumeric contextRef="AsOf2023-11-28" 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_908_edei--EntityTaxIdentificationNumber_c20231128__20231128_zSyereTfkBn"><ix:nonNumeric contextRef="AsOf2023-11-28" 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_90D_edei--EntityAddressAddressLine1_c20231128__20231128_zmTYFzEG7nTj"><ix:nonNumeric contextRef="AsOf2023-11-28" name="dei:EntityAddressAddressLine1">11995 El Camino Real</ix:nonNumeric></span>, <span id="xdx_908_edei--EntityAddressCityOrTown_c20231128__20231128_zwyermoMI8Ik"><ix:nonNumeric contextRef="AsOf2023-11-28" name="dei:EntityAddressCityOrTown">San Diego</ix:nonNumeric></span>, <span id="xdx_90F_edei--EntityAddressStateOrProvince_c20231128__20231128_z4aeuh626ho4"><ix:nonNumeric contextRef="AsOf2023-11-28" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince">California</ix:nonNumeric></span> <span id="xdx_906_edei--EntityAddressPostalZipCode_c20231128__20231128_zQ0rzyGUZkEj"><ix:nonNumeric contextRef="AsOf2023-11-28" 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_908_edei--CityAreaCode_c20231128__20231128_zW84Du8motd4"><ix:nonNumeric contextRef="AsOf2023-11-28" name="dei:CityAreaCode">858</ix:nonNumeric></span>) <span id="xdx_90B_edei--LocalPhoneNumber_c20231128__20231128_zl5F1N5xqiDb"><ix:nonNumeric contextRef="AsOf2023-11-28" 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: justify">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>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: left"><span id="xdx_905_edei--WrittenCommunications_c20231128__20231128_zmbtfIEUYiNf" style="font-family: Wingdings; font-size: 10pt"><ix:nonNumeric contextRef="AsOf2023-11-28" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></td><td style="text-align: justify">Written communications pursuant to Rule&#160;425 under the Securities
Act (17 CFR 230.425)</td>
</tr></table>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
<tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: left"><span id="xdx_90B_edei--SolicitingMaterial_c20231128__20231128_zr2vhPAwf7kf" style="font-family: Wingdings; font-size: 10pt"><ix:nonNumeric contextRef="AsOf2023-11-28" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#168;</ix:nonNumeric></span></td>
<td style="text-align: justify">Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</td></tr>
</table>


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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: left"><span style="font-family: Wingdings"><span id="xdx_90F_edei--PreCommencementTenderOffer_c20231128__20231128_zmRGbdeORTRh"><ix:nonNumeric contextRef="AsOf2023-11-28" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric></span></span></td><td style="text-align: justify">Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under
the Exchange Act (17 CFR 240.14d-2(b))</td>
</tr></table>

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

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: left"><span style="font-family: Wingdings"><span id="xdx_904_edei--PreCommencementIssuerTenderOffer_c20231128__20231128_zJXtWGTbBTv1"><ix:nonNumeric contextRef="AsOf2023-11-28" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric></span></span></td><td style="text-align: justify">Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under
the Exchange Act (17 CFR 240.13e-4(c))</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">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"></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: bottom; width: 36%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title
    of each class</span></td>
    <td style="padding-right: 5pt; text-align: center; width: 2%; vertical-align: top; padding-left: 5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5pt; vertical-align: bottom; width: 24%; text-align: center; padding-left: 5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trading
    symbol</span></td>
    <td style="padding-right: 5pt; text-align: center; width: 2%; vertical-align: top; padding-left: 5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5pt; vertical-align: top; width: 36%; text-align: center; padding-left: 5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name
    of Each Exchange On Which <br />
Registered</span></td></tr>
  <tr style="vertical-align: top">
    <td style="background-color: white; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_edei--Security12bTitle_c20231128__20231128__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zyk6LucUWBth"><ix:nonNumeric contextRef="From2023-11-282023-11-28_us-gaap_CommonStockMember" name="dei:Security12bTitle">Common
    Stock, $0.01 Par Value</ix:nonNumeric>  </span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; background-color: white; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_edei--TradingSymbol_c20231128__20231128__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zJGbucJgFJZ6"><ix:nonNumeric contextRef="From2023-11-282023-11-28_us-gaap_CommonStockMember" name="dei:TradingSymbol">O</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_edei--SecurityExchangeName_c20231128__20231128__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zJEKhH0vwvbj"><ix:nonNumeric contextRef="From2023-11-282023-11-28_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="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_edei--Security12bTitle_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_zc2rgv3GPuA6"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes1.125PercentDue2027Member" name="dei:Security12bTitle">1.125% Notes due 2027</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_edei--TradingSymbol_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_zOPm88rNoF9b"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes1.125PercentDue2027Member" name="dei:TradingSymbol">O27A</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_edei--SecurityExchangeName_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_zDUZRS1tLkVb"><ix:nonNumeric contextRef="From2023-11-282023-11-28_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="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_edei--Security12bTitle_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_zKWlpHl3wZVe"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes1.875PercentDue2027Member" name="dei:Security12bTitle">1.875% Notes due 2027</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_edei--TradingSymbol_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_zF005fud8h9b"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes1.875PercentDue2027Member" name="dei:TradingSymbol">O27B</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_edei--SecurityExchangeName_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_zwSUVtdczkO6"><ix:nonNumeric contextRef="From2023-11-282023-11-28_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="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_edei--Security12bTitle_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_zL1o1vB5HJkk"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes1.625PercentDue2030Member" name="dei:Security12bTitle">1.625% Notes due 2030</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_edei--TradingSymbol_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_z2KGmsC3aFS4"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes1.625PercentDue2030Member" name="dei:TradingSymbol">O30</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_edei--SecurityExchangeName_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_zGR14CitxU6k"><ix:nonNumeric contextRef="From2023-11-282023-11-28_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="text-align: left"><span id="xdx_907_edei--Security12bTitle_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes4.875PercentDue2030Member_zsgYEy7NQON8"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes4.875PercentDue2030Member" name="dei:Security12bTitle">4.875% Notes due 2030</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_90C_edei--TradingSymbol_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes4.875PercentDue2030Member_zMfEgD4wYgQk"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes4.875PercentDue2030Member" name="dei:TradingSymbol">O30A</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_903_edei--SecurityExchangeName_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes4.875PercentDue2030Member_zpN2uVxlGXW3"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes4.875PercentDue2030Member" 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="text-align: left"><span id="xdx_902_edei--Security12bTitle_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_z2uezSBG7vR7"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes1.750PercentDue2033Member" name="dei:Security12bTitle">1.750% Notes due 2033</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_905_edei--TradingSymbol_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_zxnxRn6Cfn9j"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes1.750PercentDue2033Member" name="dei:TradingSymbol">O33A</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_903_edei--SecurityExchangeName_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_zHpCoZE2G1Bf"><ix:nonNumeric contextRef="From2023-11-282023-11-28_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="text-align: left"><span id="xdx_907_edei--Security12bTitle_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes5.125PercentDue2034Member_zbuGElSQ6PDf"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes5.125PercentDue2034Member" name="dei:Security12bTitle">5.125% Notes due 2034</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_905_edei--TradingSymbol_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes5.125PercentDue2034Member_zHbdxs0h6Ia5"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes5.125PercentDue2034Member" name="dei:TradingSymbol">O34</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_903_edei--SecurityExchangeName_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes5.125PercentDue2034Member_zykt9K8joIwj"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes5.125PercentDue2034Member" 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="text-align: left"><span id="xdx_90F_edei--Security12bTitle_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_z9GV3tKibB73"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes2.500PercentDue2042Member" name="dei:Security12bTitle">2.500% Notes due 2042</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_903_edei--TradingSymbol_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_zClh9Jj2F0Cb"><ix:nonNumeric contextRef="From2023-11-282023-11-28_custom_Notes2.500PercentDue2042Member" name="dei:TradingSymbol">O42</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_902_edei--SecurityExchangeName_c20231128__20231128__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_zcCDxNXwErWl"><ix:nonNumeric contextRef="From2023-11-282023-11-28_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; text-align: justify; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;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">&#160;</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Emerging
growth company <span id="xdx_906_edei--EntityEmergingGrowthCompany_c20231128__20231128_zTVOFTgT8bo3" style="font-family: Wingdings; font-size: 10pt"><ix:nonNumeric contextRef="AsOf2023-11-28" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></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; text-align: justify; margin: 0pt 0">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-align: justify; text-indent: 0.5in">On November&#160;28, 2023,
Realty Income Corporation (the &#8220;Company&#8221;) entered into a purchase agreement with Wells Fargo Securities International Limited,
Barclays Bank PLC, BNP Paribas, Merrill Lynch International and RBC Europe Limited, as representatives (the &#8220;Representatives&#8221;)
of the underwriters listed therein (the &#8220;Underwriters&#8221;), pursuant to which the Company agreed to issue and sell to the Underwriters
&#163;300 million aggregate principal amount of its 5.750% Notes due 2031 and &#163;450 million aggregate principal amount of its 6.000%
Notes due 2039. The offering is anticipated to close on December&#160;5, 2023, subject to the satisfaction of customary closing conditions.</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-indent: 0.5in"><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; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Current Report on Form&#160;8-K
contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section&#160;27A of the
Securities Act of 1933, as amended, and Section&#160;21E of the Exchange Act of 1934, as amended. When used herein, the words &#8220;estimated,&#8221;
&#8220;anticipated,&#8221; &#8220;expect,&#8221; &#8220;believe,&#8221; &#8220;intend,&#8221; &#8220;continue,&#8221; &#8220;should,&#8221;
&#8220;may,&#8221; &#8220;likely,&#8221; &#8220;plans,&#8221; and similar expressions are intended to identify forward-looking statements.
Forward-looking statements include discussions of our business and portfolio (including our growth strategies and our intention to acquire
or dispose of properties including the timing and terms), re-leases, re-development and speculative development of properties and expenditures
related thereto; future operations and results; the announcement of operating results, strategy, plans, and the intentions of management;
trends in our business, including trends in the market for long-term net leases of freestanding, single-client properties; and statements
regarding the anticipated or projected impact of our proposed merger with Spirit Realty Capital,&#160;Inc. (&#8220;Spirit&#8221;), if
consummated, on our business, results of operations, financial condition or prospects. 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, economic, or financial conditions; competition; fluctuating interest and currency rates;
inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding; continued volatility
and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients&#8217;
defaults under leases, increased client bankruptcies, 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 domestic and
foreign income tax laws and rates; our clients&#8217; solvency; property ownership through joint ventures and partnerships which may limit
control of the underlying investments; current or future epidemics or pandemics, measures taken to limit their spread, the impacts on
us, our business, our clients (including those in the theater and fitness industries), and the economy generally; the loss of key personnel;
the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the structure,
timing and completion of the announced merger between our subsidiary and Spirit and any effects of the announcement, pendency or completion
of the announced merger with Spirit, including the anticipated benefits therefrom; 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. 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 herein. We do not undertake any obligation
to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events
or circumstances after the date these statements were made.</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"><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)&#160;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="tm2331528d5_ex1-1.htm"><span style="font-family: Times New Roman, Times, Serif; 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="tm2331528d5_ex1-1.htm"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase Agreement, dated November&#160;28, 2023 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-family: Times New Roman, Times, Serif; 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-family: Times New Roman, Times, Serif; font-size: 10pt">Cover Page&#160;Interactive Data File (formatted as Inline XBRL and contained in Exhibit&#160;101)</span></td></tr>
  </table>
<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"></p>

<!-- Field: Page; Sequence: 2 -->
    <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; text-align: center">&#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">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; 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">&#160;</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">
    <td colspan="2">&#160;</td>
    <td colspan="2"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">REALTY INCOME CORPORATION</span></td></tr>
  <tr style="vertical-align: top">
    <td colspan="2">&#160;</td>
    <td colspan="2">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="width: 4%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:</span></td>
    <td style="width: 46%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">November&#160;29, 2023</span></td>
    <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</span></td>
    <td style="border-bottom: black 1pt solid; width: 47%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Bianca Martinez</span></td></tr>
  <tr style="vertical-align: top">
    <td colspan="2">&#160;</td>
    <td>&#160;</td>
    <td>Bianca Martinez<br />
 Senior Vice President, Associate General Counsel and Assistant Secretary</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;&#160;</p>

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

<!-- Field: Page; Sequence: 3; 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>

<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">&#160;</p>

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


</body>
</html>
<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJyNktFKwzAUhp9g73AoeDdqmrTb7J1WHeI2xhgiiBfdeibBthlJOt0j+ZamKSLtGrYSKP3P/5+vJ4nnDb2peOQ5Sni9W81gjcU+TzXCCncosdyicSRPzzGY9wo/uNIyLbX9/AsmwmTQZCI/uNmYgrUeuMIsBjK5JuyaMiAsZgEs596griei3PEMS83THNIyg6UUe8lRp/LYdFin36IUxdGiXlAqLsoYAp805R+gJKCwEIf0S8hPBbNZ4g2G9hl4UymqfY2plBYFPORYGJZqov/L/srWeuKF0KgCP6DREuXWuO8rpISO51hsUBofIZSR4LbmW9sV2AhkFUJtdOnw1rR4d0NHbSgj/dBRtzlz6hdAxxFpQVk/1Ng6zZlLvwA6GV+0vcbWu709+lko9SPSmjSkfVBrazcPqUs/Cw27k/afaXg6EXPqZ6FR9/aysA8and5SFrr0E+gvdc0nsA== -->
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>tm2331528d5_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="text-align: right; margin: 0"><B>Exhibit 1.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><U>Execution Version</U></B></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-top: 0pt; margin-bottom: 0pt; text-align: center">&pound;750,000,000</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-top: 0pt; margin-bottom: 0pt; text-align: center">REALTY INCOME CORPORATION<BR>
(a Maryland Corporation)</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-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&pound;</FONT>300,000,000
5.750% Notes due 2031</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&pound;</FONT>450,000,000
6.000% Notes due 2039</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-top: 0pt; margin-bottom: 0pt; text-align: center">PURCHASE AGREEMENT</P>

<P STYLE="text-align: center; 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; text-align: center">November&nbsp;28, 2023</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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 92%; text-align: right"></TD>
    <TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;1. Representations
    and Warranties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">4</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;2. Sale and
    Delivery to the Underwriters; Closing</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">21</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;3. Covenants
    of the Company</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">22</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;4. Payment
    of Expenses</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">27</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;5. Conditions
    of Underwriters&rsquo; Obligations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">28</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;6. Indemnification</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">31</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;7. Contribution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;8. Representations,
    Warranties and Agreements to Survive Delivery</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">34</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;9. Termination
    of Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">35</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;10. Default
    by One or More of the Underwriters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">35</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;11. Notices</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">36</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;12. Parties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">36</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;13. Recognition
    of the U.S. Special Resolution Regimes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">36</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;14. Contractual
    Recognition of Bail-In</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">37</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;15. ICMA Agreement
    Among Managers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">38</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;16. Stabilizing
    Manager</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">39</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;17. [Intentionally
    omitted]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">39</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;18. UK MiFIR
    Product Governance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">39</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;19. Judgment
    Currency</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">40</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;20. No Advisory
    or Fiduciary Responsibility; Tax Disclosure</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">40</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;21. Integration</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">41</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;22. GOVERNING
    LAW AND TIME</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">41</FONT></TD></TR>
</TABLE>

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

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

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

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

<P STYLE="margin: 0; text-align: right"></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 92%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;23.
    Waiver of Jury Trial</FONT></TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">41</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;24. Effect
    of Headings and Table of Contents; Counterparts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">41</FONT></TD></TR>
  </TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule&nbsp;A</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ndash;</FONT></TD>
    <TD STYLE="width: 82%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">List of Underwriters</FONT></TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sch A-1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule&nbsp;B</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ndash;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pricing Schedule</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sch B-1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule C</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ndash;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pricing Term Sheet</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sch C-1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule D</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ndash;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Issuer General Use Free Writing Prospectuses</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sch D-1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit&nbsp;A</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ndash;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of Opinion of Latham&nbsp;&amp; Watkins&nbsp;LLP</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A-1</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit&nbsp;B</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ndash;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;of Opinion of Venable&nbsp;LLP</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B-1</FONT></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: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence --></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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&pound;750,000,000</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; text-align: center">REALTY INCOME CORPORATION<BR>
(a Maryland corporation)</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; text-align: center">&pound;300,000,000 5.750% Notes due 2031</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&pound;450,000,000 6.000% Notes due 2039</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; text-align: center"><U>PURCHASE AGREEMENT</U></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; text-align: right">November&nbsp;28, 2023</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">Wells Fargo Securities International
Limited</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">33 King William Street</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">London, EC4R 9AT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">United Kingdom</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">Barclays Bank PLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">1 Churchill Place</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">London, E14 5HP</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">16, boulevard des Italiens</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">75009 Paris, France</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">Merrill Lynch International</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">2 King Edward Street</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">London, EC1A 1HQ</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">United Kingdom</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">RBC Europe Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 Bishopsgate</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">London, EC2N 4AA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United Kingdom</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">listed in the signature pages&nbsp;hereto</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">and named in Schedule A hereto</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: 4 -->
    <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">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 listed in the signature pages&nbsp;hereto and 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 Wells Fargo Securities
International Limited (&ldquo;Wells&rdquo;), Barclays Bank PLC (&ldquo;Barclays&rdquo;), BNP Paribas (&ldquo;BNP&rdquo;), Merrill Lynch
International (&ldquo;Merrill Lynch&rdquo;) and RBC Europe Limited (&ldquo;RBC&rdquo;) are acting as representatives (Wells, Barclays,
BNP, Merrill Lynch and RBC, 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 (i)&nbsp;&pound;300,000,000 aggregate principal amount of the Company&rsquo;s
5.750% Notes due 2031 (the &ldquo;2031 Notes&rdquo;) and (ii)&nbsp;&pound;450,000,000 aggregate principal amount of the Company&rsquo;s
6.000% Notes due 2039 (the &ldquo;2039 Notes&rdquo; and, together with the 2031 Notes, 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;). In connection with the issuance of the Securities, the Company will enter into a Paying Agency Agreement
(the &ldquo;Agency Agreement&rdquo;), to be dated as of December&nbsp;5, 2023, between the Company and The Bank of New York Mellon, London
Branch (&ldquo;BNY London&rdquo;), as a paying agent for the Securities (in such capacity, the &ldquo;Agent&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; 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company has entered into an Agreement and Plan
of Merger dated as of October&nbsp;29, 2023, as amended and supplemented, if applicable, from time to time (the &ldquo;Acquisition Agreement,&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) with Saints MD Subsidiary,&nbsp;Inc., a Maryland corporation and a direct wholly-owned subsidiary of the Company (&ldquo;Merger
Sub&rdquo;), and Spirit Realty Capital,&nbsp;Inc., a Maryland corporation (&ldquo;Spirit&rdquo; or the &ldquo;Acquired Company&rdquo;).
It is contemplated that, pursuant to the Acquisition Agreement, Spirit will be merged with and into Merger Sub, with Merger Sub continuing
as the surviving corporation (the &ldquo;Acquisition&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: 5; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&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 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&nbsp;and regulations of the Commission under the 1933 Act (the &ldquo;1933 Act Regulations&rdquo;) and paragraph&nbsp;(b)&nbsp;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)&nbsp;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&nbsp;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">&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)&nbsp;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&nbsp;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">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1. <U>Representations and Warranties</U>.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;hereof, and as of the Closing Time referred to in Section&nbsp;2(b)&nbsp;hereof, and agrees
with each Underwriter, as follows:</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;of the 1933 Act (whether such amendment
was by post-effective amendment, incorporated report filed pursuant to Section&nbsp;13 or 15(d)&nbsp;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)&nbsp;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)&nbsp;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)&nbsp;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)&nbsp;of the 1939 Act.</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 0pt 0.5in; text-indent: 0.5in">The Registration Statement became effective
upon filing under Rule&nbsp;462(e)&nbsp;of the 1933 Act Regulations (&ldquo;Rule&nbsp;462(e)&rdquo;) on June&nbsp;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">&nbsp;</P>

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

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&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 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)&nbsp;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)&nbsp;of the 1933 Act provided by Rule&nbsp;163.</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 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)&nbsp;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&nbsp;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">&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">&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"></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: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&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 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 1:00
P.M.&nbsp;(New York time) / 6:00 P.M.&nbsp;(London time) on November&nbsp;28, 2023 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">&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&nbsp;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)&nbsp;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">&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">&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">&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 November&nbsp;28, 2023 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">&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">&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)&nbsp;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">&nbsp;</P>

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

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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&nbsp;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&nbsp;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&nbsp;and guidelines applicable thereto.</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"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 Agency 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.</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"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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. 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 Merger Sub, Tau Operating Partnership,
L.P., Tau Acquisition LLC, Cole REIT LP, Rams MD Subsidiary I,&nbsp;Inc., RI Crown Limited, VEREIT Operating Partnership, L.P., VEREIT
Real Estate LP and Realty Income Europe B.V., 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 and calculated on a pro forma basis as if the Acquisition had occurred on that date) pro forma total assets in excess of 5% of the
Company&rsquo;s pro forma consolidated assets as of that date or, for the nine months then ended, would have had (on an unconsolidated
basis and calculated on a pro forma basis as if the Acquisition had occurred as of the first day of such period) pro forma rental revenue
in excess of 5% of the Company&rsquo;s pro forma consolidated rental revenue for such period.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(viii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 September&nbsp;30, 2023 contained in
the Company&rsquo;s Quarterly Report on Form&nbsp;10-Q for the quarter ended September&nbsp;30, 2023 (except for subsequent issuances,
if any, pursuant to the Acquisition Agreement, 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, subsequent
issuances, if any, pursuant to the Acquisition Agreement, 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;).</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Authorization
of Agreement</U>. This Agreement has been duly authorized, executed and delivered by the Company.</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"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 Agency 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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 Agency 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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xvi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 Agency 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 Agency 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.</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"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xvii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xviii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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;).</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xix)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Partnership
Agreements</U>. Each of the material 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.</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"></P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xx)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 condensed combined 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.</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"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 condensed combined 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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxiii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxiv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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"></P>

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxvi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxvii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Description
of Indenture, Agency Agreement and Securities</U>. The Indenture conforms and each of the Agency Agreement 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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxviii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxix)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Trustee
and Paying Agent</U>. The Trustee has been duly appointed by the Company to serve as, and is, the trustee, security registrar, a transfer
agent and a 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. At the Closing Time, the Agent will have been duly appointed by the Company to serve as, and will be, a paying agent for the
Securities under the Indenture, and the Agent will have duly accepted such appointment under the Agency Agreement.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxx)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Pending
Proceedings and Examinations</U>. The Registration Statement is not the subject of a pending proceeding or examination under Section&nbsp;8(d)&nbsp;or
8(e)&nbsp;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.</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"></P>

<!-- Field: Page; Sequence: 19; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;used any funds for any unlawful contribution, gift, entertainment or other unlawful expense
relating to political activity; (ii)&nbsp;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)&nbsp;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)&nbsp;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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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&nbsp;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.</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"></P>

<!-- Field: Page; Sequence: 20; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxiii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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, the United Kingdom (including His Majesty&rsquo;s 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,&nbsp;Iran, North Korea, Syria, the Crimea region of Ukraine,
the so-called Donetsk People&rsquo;s Republic, the so-called Luhansk People&rsquo;s Republic, the non-government controlled areas of the
Zaporizhzhia and Kherson regions of Ukraine 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)&nbsp;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)&nbsp;to fund or facilitate any activities of or business in any Sanctioned Country or (iii)&nbsp;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. No provision of
this subsection 1(a)(xxxiii)&nbsp;shall apply to any person if and to the extent that it is or would be unenforceable by or in respect
of that person by reason of breach of any provision of (i)&nbsp;European Union Council Regulation (EC) 2271/96 (or any law or regulation
implementing such Regulation in any member state of the European Union) or (ii)&nbsp;in the case of any Representative established in
the United Kingdom, as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxiv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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&nbsp;13a-15
and 15d-15 under the 1934 Act) and &ldquo;internal control over financial reporting&rdquo; (as such term is defined in Rule&nbsp;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&nbsp;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)&nbsp;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)&nbsp;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&nbsp;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&nbsp;and regulations of the Commission and the
New York Stock Exchange promulgated thereunder.</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"></P>

<!-- Field: Page; Sequence: 21; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Cybersecurity</U>.
With such exceptions as would not, individually or in the aggregate, have a Material Adverse Effect: (A)&nbsp;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)&nbsp;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)&nbsp;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&nbsp;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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxvi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>The
Agency Agreement</U>. The Agency Agreement has been duly authorized by the Company and, at the Closing Time, the Agency Agreement will
have been duly executed and delivered by the Company and will constitute 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.</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"></P>

<!-- Field: Page; Sequence: 22; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxvii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Financial
Statements of Acquired Company</U>. To the knowledge of the Company, the consolidated financial statements of the Acquired 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 Acquired Company and its subsidiaries at the dates indicated and the consolidated income,
stockholders&rsquo; equity and cash flows of the Acquired 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 the Acquired Company, considered as
one enterprise.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxviii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>No
Material Adverse Change in Business of Acquired Company</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, to the knowledge of the Company, 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 Acquired Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary
course of business.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxix)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Statistical
and Other Data</U>. All (A)&nbsp;statistical and market-related data and (B)&nbsp;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.</FONT></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">(xl)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Absence
of Defaults and Conflicts as Result of Acquisition</U>. The Acquisition Agreement has been duly authorized, executed and delivered by
the Company and is 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 Acquisition and compliance by the Company with its obligations
under the Acquisition Agreement 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 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.</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"></P>

<!-- Field: Page; Sequence: 23; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xli)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Acquired
Company Representations and Warranties</U>. To the knowledge of the Company, all of the representations and warranties made by the Acquired
Company in the Acquisition Agreement are true and correct (without giving effect to any limitation as to &ldquo;materiality&rdquo; or
 &ldquo;Company Material Adverse Effect&rdquo; or similar limitation as set forth therein), except that any representations and warranties
that expressly speak as of a particular date were true and correct (without giving effect to any limitation as to &ldquo;materiality&rdquo;
or &ldquo;Company Material Adverse Effect&rdquo; or similar limitation as set forth therein) as of such particular date, except in each
case where the failure to be so true and correct would not, individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect assuming the consummation of the transactions contemplated by the Acquisition Agreement.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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; text-indent: 0.5in">SECTION&nbsp;2. <U>Sale and Delivery to the Underwriters;
Closing</U>.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 respective prices set forth in Schedule&nbsp;B, the respective aggregate principal amounts of the 2031 Notes and the
2039 Notes 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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Payment</I>.
Payment of the purchase price for the Securities shall be made at the office of Latham&nbsp;&amp; Watkins&nbsp;LLP, 99 Bishopsgate, London
EC2M 3XF, United Kingdom, or at such other place as shall be agreed upon by the Representatives and the Company, at 8:00&nbsp;A.M.&nbsp;(London
time) on December&nbsp;5, 2023 (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;).</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; text-indent: 0.5in">Wells or such other Representative as the Company
may direct to settle the Securities (the &ldquo;Settlement Bank&rdquo;) acknowledges that one or more certificates in global form representing
the Securities (collectively, the &ldquo;Global Securities&rdquo;) will initially be credited to an account (the &ldquo;Commissionaire
Account&rdquo;) for the benefit of the Settlement Bank the terms of which include a third-party beneficiary clause (<I>&lsquo;stipulation
pour autrui&rsquo;</I>) with the Company as the third-party beneficiary and provide that such Securities are to be delivered to others
only against payment of the net subscription monies for the Securities (<I>i.e.</I>, less the commissions and expenses to be deducted
from the subscription monies) into the Commissionaire Account on a delivery against payment basis.</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: 24; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence -->&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 Settlement Bank acknowledges that (i)&nbsp;the
Securities represented by the Global Securities shall be held to the order of the Company as set out above and (ii)&nbsp;the net subscription
monies for the Securities received in the Commissionaire Account (<I>i.e.</I>, less the commissions and expenses deducted from the subscription
monies) will be held on behalf of the Company until such time as they are transferred to the Company&rsquo;s order. The Settlement Bank
undertakes that the net subscription monies for the Securities (<I>i.e.</I>, less the commissions and expenses deducted from the subscription
monies) will be transferred to the Company&rsquo;s order promptly following receipt of such monies in the Commissionaire Account.</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; text-indent: 0.5in">The Company acknowledges and accepts the benefit
of the third-party beneficiary clause (<I>&lsquo;stipulation pour autrui&rsquo;</I>) pursuant to the Belgian and/or Luxembourg Civil Code,
as applicable, in respect of the Commissionaire Account.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Denominations;
Registration</I>. Certificates for the Global Securities shall be in the denominations of &pound;100,000 and integral multiples of &pound;1,000
in excess thereof and shall be 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 by the Representatives in London not
later than 2:00&nbsp;P.M.&nbsp;(London time) on the business day prior to the Closing Time.</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; text-indent: 0.5in">SECTION&nbsp;3. <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">&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)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;or Section&nbsp;8(e)&nbsp;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)&nbsp;(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)&nbsp;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.</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"></P>

<!-- Field: Page; Sequence: 25; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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"></P>

<!-- Field: Page; Sequence: 26; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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"></P>

<!-- Field: Page; Sequence: 27; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;of the 1933 Act.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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;</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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"></P>

<!-- Field: Page; Sequence: 28; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;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)&nbsp;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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;of
the 1933 Act Regulations without regard to the proviso therein and otherwise in accordance with Rules&nbsp;456(b)&nbsp;and 457(r)&nbsp;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)&nbsp;either in a post-effective amendment to the Registration Statement or in the manner specified by Rule&nbsp;424(g)&nbsp;in
the Prospectus filed pursuant to Rule&nbsp;424(b)).</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;under the 1933 Act within the time period required by such rule&nbsp;(such term sheet, the &ldquo;Pricing Term
Sheet&rdquo;).</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Clearstream/Euroclear</I>.
The Company will assist the Representatives in arranging for the Securities to be eligible for clearance and settlement through the facilities
of Clearstream Banking S.A. (&ldquo;Clearstream&rdquo;) and Euroclear Bank, SA/NV (&ldquo;Euroclear&rdquo;) and maintain such eligibility
for so long as the Securities remain outstanding.</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"></P>

<!-- Field: Page; Sequence: 29; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Listing</I>.
The Company will use its commercially reasonable efforts to cause the Securities to be listed on the New York Stock Exchange within 30
days after the date of this Agreement.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;4.
</FONT><U>Payment of Expenses</U>.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Expenses</I>.
The Company will pay all expenses incident to the performance of its obligations under this Agreement, including (i)&nbsp;the word processing,
printing and filing of the Registration Statement (including financial statements and exhibits) as originally filed and of each amendment
thereto, (ii)&nbsp;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)&nbsp;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)&nbsp;the fees and disbursements of the Company&rsquo;s
counsel, accountants and other advisors, (v)&nbsp;the qualification of the Securities under securities laws in accordance with the provisions
of Section&nbsp;3(g)&nbsp;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)&nbsp;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)&nbsp;the
preparation, printing and delivery to the Underwriters of copies of the Blue Sky Survey and any supplement thereto, (viii)&nbsp;the fees
and expenses of any transfer agent or registrar for the Securities, (ix)&nbsp;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,&nbsp;Inc. (the &ldquo;FINRA&rdquo;) of the terms of the sale of the Securities,
(x)&nbsp;the fees and expenses of the Trustee, the Agent and the common depositary, including, if required, the fees and disbursements
of counsel in connection with the Indenture, the Agency Agreement and the Securities, (xi)&nbsp;any fees payable to securities rating
agencies in connection with the rating of the Securities, (xii)&nbsp;the fees (including, but not limited to, any application fees) and
expenses incurred in connection with the application, approval and admittance of the Securities for book-entry transfer by Clearstream
and Euroclear, and (xiii)&nbsp;the fees and expenses incurred in connection with listing of the Securities on the New York Stock Exchange.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;or
9(a)(v)&nbsp;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.</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"></P>

<!-- Field: Page; Sequence: 30; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence -->&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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Pro
Rata Expenses</I>. Each Underwriter agrees to pay the portion of such expenses payable by the Underwriters represented by such Underwriter&rsquo;s
pro rata share (based on the proportion that the sum of the principal amount of 2031 Notes and the principal amount of the 2039 Notes
set forth opposite such Underwriter&rsquo;s name in Schedule A hereto bears to the sum of the aggregate principal amount of 2031 Notes
and the aggregate principal amount of the 2039 Notes, respectively, set forth opposite the names of all Underwriters) of the offering
and sale of the 2031 Notes and 2039 Notes (with respect to each Underwriter, the &ldquo;Pro Rata Expenses&rdquo;). Notwithstanding anything
contained in the International Capital Market Association Primary Market Handbook, each Underwriter hereby agrees that the Settlement
Lead Manager (as defined in Section&nbsp;15 hereof) may allocate the Pro Rata Expenses to the account of such Underwriter for settlement
of accounts (including payment of such Underwriter&rsquo;s fees by the Settlement Lead Manager) as soon as practicable but in any case
no later than 90 days following the Closing Time.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;5.&#8239;
</FONT><U>Conditions of Underwriters&rsquo; Obligations</U>. 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:</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;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)&nbsp;(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)&nbsp;of the 1933 Act Regulations without regard to the proviso therein and otherwise
in accordance with Rules&nbsp;456(b)&nbsp;and 457(r)&nbsp;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)&nbsp;either in a post-effective amendment to the Registration
Statement or in the manner specified by Rule&nbsp;424(g)&nbsp;in the Prospectus filed pursuant to Rule&nbsp;424(b).</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 LLP, counsel for the Company, and Venable LLP, Maryland counsel to the Company, each in form and substance
satisfactory to counsel for the Underwriters, to the effect set forth in Exhibits 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.</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"></P>

<!-- Field: Page; Sequence: 31; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;of this subsection&nbsp;(e)&nbsp;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.</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"></P>

<!-- Field: Page; Sequence: 32; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Acquired
Company Accountant&rsquo;s Comfort Letter</I>. (i)&nbsp;At the time of the execution of this Agreement, the Representatives shall have
received from Ernst&nbsp;&amp; Young 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 Acquired 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 Ernst&nbsp;&amp; Young LLP a letter, dated as of Closing Time, to the effect
that they reaffirm the statements made in the letter furnished pursuant to clause (i)&nbsp;of this subsection (f)&nbsp;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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Termination
of Agreement</I>. If any condition specified in this Section&nbsp;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,
15, 19, 20 and 22 shall survive any such termination and remain in full force and effect.</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Agency
Agreement</I>. The Agency Agreement shall have been executed and delivered by the parties thereto, shall be reasonably satisfactory to
the Representatives in form and substance, and shall be in full force and effect and the Representatives shall have received an executed
copy of the Agency Agreement.</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"></P>

<!-- Field: Page; Sequence: 33; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence -->&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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Clearstream/Euroclear</I>.
The Securities shall be eligible for clearance and settlement through the facilities of Clearstream and Euroclear.</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; text-indent: 0.5in">SECTION&nbsp;6. <U>Indemnification</U>.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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:</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">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)&nbsp;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)&nbsp;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;</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">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)&nbsp;below)
any such settlement is effected with the written consent of the Company; and</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">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;</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"></P>

<!-- Field: Page; Sequence: 34; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence -->&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"><FONT STYLE="font-family: Times New Roman, Times, Serif"><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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;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)&nbsp;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.</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"></P>

<!-- Field: Page; Sequence: 35; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence -->&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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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)&nbsp;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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;7.
</FONT><U>Contribution</U>. 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)&nbsp;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)&nbsp;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.</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; 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">&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">&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">&nbsp;</P>

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

<!-- Field: Page; Sequence: 36; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence -->&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">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">&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)&nbsp;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">&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">&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">SECTION&nbsp;8.
</FONT><U>Representations, Warranties and Agreements to Survive Delivery</U>. 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.</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: 37; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence -->&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"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;9.
</FONT><U>Termination of Agreement</U>.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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 the London Stock Exchange plc 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, New York, United Kingdom or European Union authorities, or (v)&nbsp;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, or (vi)&nbsp;there shall have occurred a material adverse change since the
date hereof in the U.S., United Kingdom or European Union taxation affecting the Securities or the transfer thereof.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><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, 15, 19, 20 and 22 shall survive such
termination and remain in full force and effect.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;10.
</FONT><U>Default by One or More of the Underwriters</U>. 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:</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">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</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">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.</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; text-indent: 0.5in">No action taken pursuant to this Section&nbsp;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">&nbsp;</P>

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

<!-- Field: Page; Sequence: 38; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence -->&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">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">&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">SECTION&nbsp;11.
</FONT><U>Notices</U>. 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 (a)&nbsp;Wells
Fargo Securities International Limited, 33 King William Street, London, EC4R 9AT, United Kingdom, Attention: DCM&nbsp;&amp; Syndicate,
Tel: +44 20 3942 8530, Fax no.: +44 20 7149 8391, (b)&nbsp;Barclays Bank PLC at 1 Churchill Place, London, E14 5HP, Tel: +44 (0) 20 7773
9098, Email: LeadManagedBondNotices@barclayscorp.com, Attn: Debt Syndicate, (c)&nbsp;BNP Paribas, 10 Harewood Avenue, London, NW1 6AA,
United Kingdom, Attention: Fixed Income Syndicate, Email: mary.chapman@uk.bnpparibas.com; nicholas.hearn@us.bnpparibas.com, (d)&nbsp;Merrill
Lynch International, 2 King Edward Street, London, EC1A 1HQ, United Kingdom, Email: dcm_eea@bofa.com, Attn: Syndicate Desk and (e)&nbsp;RBC
Europe Limited, 100 Bishopsgate, London, EC2N 4AA, United Kingdom, Attn: New Issues Syndicate Desk, Fax no.: +44 (0) 20 7029 7927, Email:
TMGUK@rbccm.com; 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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;12.
</FONT><U>Parties</U>. This Agreement shall inure to the benefit of and be binding upon the Underwriters, including any substitute Underwriters
pursuant to Section&nbsp;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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;13.
</FONT><U>Recognition of the U.S. Special Resolution Regimes</U><I>.</I></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; text-indent: 0.5in">(a)&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">&nbsp;</P>

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

<!-- Field: Page; Sequence: 39; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence -->&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">(b)&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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the purposes of this Section&nbsp;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)&nbsp;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)&nbsp;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)&nbsp;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)&nbsp;the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii)&nbsp;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">&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">SECTION&nbsp;14.
</FONT><U>Contractual Recognition of Bail-In</U>. Notwithstanding and to the exclusion of any other term of this Agreement or any other
agreements, arrangements, or understanding between any of the parties hereto, each of the parties acknowledges and accepts that a BRRD
Liability of a BRRD Party hereto arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution
Authority, and acknowledges, accepts and agrees to be bound by:</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of a BRRD Party, that
(without limitation) may include and result in any of the following, or some combination thereof:</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon;</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
conversion of all, or a portion, of the BRRD Liability into shares, other securities or other obligations of another person, and the issue
to or conferral on it of such shares, securities or obligations;</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 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
cancellation of the BRRD Liability; or</FONT></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">(iv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by
suspending payment for a temporary period; and</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">the
variation of the terms of this Agreement, as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of
any Bail-in Powers by the Relevant Resolution Authority.</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; text-indent: 0.5in">For the purposes of this Section&nbsp;14,</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: 40; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence -->&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">&ldquo;Bail-in Legislation&rdquo; means (a)&nbsp;in
relation to a member state of the European Economic Area which has implemented, or which at any time implements, the BRRD, the relevant
implementing law, regulation, rule&nbsp;or requirement as described in the EU Bail-in Legislation Schedule from time to time and (b)&nbsp;in
relation to the United Kingdom, Part&nbsp;I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law or
regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial
institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings);</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; text-indent: 0.5in">&ldquo;Bail-in Powers&rdquo; means (a)&nbsp;in
relation to a member state of the European Economic Area which has implemented, or which at any time implements, the BRRD, any write-down,
conversion, transfer, modification, suspension or similar or related power existing from time to time under, and exercised in compliance
with, any applicable laws, regulations, rules&nbsp;or requirements pursuant to the applicable Bail-in Legislation and (b)&nbsp;in relation
to the United Kingdom, any powers of the Relevant Resolution Authority under the Bail-In Legislation to cancel, transfer or dilute shares
issued by a person that is a bank or investment firm or other financial institution or affiliate of a bank, investment firm or other financial
institution, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that
liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person,
to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation
in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.</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; text-indent: 0.5in">&ldquo;BRRD&rdquo; means Directive 2014/59/EU establishing
a framework for the recovery and resolution of credit institutions and investment firms;</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; text-indent: 0.5in">&ldquo;BRRD Liability&rdquo; has the same meaning
as in such laws, regulations, rules&nbsp;or requirements implementing the BRRD under the applicable Bail-in Legislation;</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; text-indent: 0.5in">&ldquo;BRRD Party&rdquo; means any party hereto
that is subject to Bail-in Powers;</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; text-indent: 0.5in">&ldquo;EU Bail-in Legislation Schedule&rdquo;
means the document described as such, then in effect, and published by the Loan Market Association (or any successor person) from time
to time; and</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; text-indent: 0.5in">&ldquo;Relevant Resolution Authority&rdquo; means,
in relation to any BRRD Party, the resolution authority with the ability to exercise any Bail-in Powers as defined in this Section&nbsp;14.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;15.
</FONT><U>ICMA Agreement Among Managers</U>. The execution of this Agreement on behalf of all parties hereto will constitute the acceptance
by each Underwriter of the International Capital Market Association Standard Form&nbsp;Agreement Among Managers Version 1/ New York Law
(the &ldquo;AAM&rdquo;) as amended herein and the Underwriters further agree that references in the AAM to the &ldquo;Managers&rdquo;
shall mean the Underwriters, references to &ldquo;Lead Managers&rdquo; shall mean the Representatives, references to the &ldquo;Settlement
Lead Manager&rdquo; shall mean the Settlement Bank, references to the &ldquo;Stabilisation Coordinator&rdquo; shall mean Wells and references
to the &ldquo;Subscription Agreement&rdquo; shall mean this Agreement. As applicable to the Underwriters, Clause 3 of the AAM shall be
deemed to be deleted in its entirety and replaced with Section&nbsp;10 of this Agreement.</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: 41; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence -->&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"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;16.
</FONT><U>Stabilizing Manager</U>. The Company hereby authorizes Wells in its role as stabilizing manager (the &ldquo;Stabilizing Manager&rdquo;)
to make adequate public disclosure regarding stabilization of the information required in relation to such stabilization by Commission
Delegated Regulation (EU) 2016/1052 of 8 March&nbsp;2016. The Stabilizing Manager for its own account may, to the extent permitted by
applicable laws and directives, over-allot and effect transactions with a view to supporting the market price of the Securities at a
level higher than that which might otherwise prevail, but in doing so the Stabilizing Manager shall act as principal and not as agent
of the Company and any loss resulting from over-allotment and stabilization shall be borne, and any profit arising therefrom shall be
beneficially retained, by the Stabilizing Manager. However, there is no assurance that the Stabilizing Manager (or persons acting on
behalf of the Stabilizing Manager) will undertake any stabilization action. Any stabilizing action may begin on or after the date on
which adequate public disclosure of the terms of the Securities takes place and, if begun, may be discontinued at any time, but must
end no later than the earlier of 30 days after the issue date of the Securities and 60 days after the date of the allotment of the Securities.
Nothing contained in this paragraph shall be construed so as to require the Company to issue in excess of the aggregate principal amount
of Securities specified in Schedule A hereto. Such stabilization, if commenced, may be discontinued at any time and shall be conducted
by the Stabilizing Manager in accordance with all applicable laws and directives.</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; text-indent: 0.5in">SECTION&nbsp;17. <U>[</U>Intentionally omitted<U>]</U></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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;18.
</FONT><U>UK MiFIR Product Governance</U>. Solely for the purposes of the requirements of 3.2.7R of the FCA Handbook Product Intervention
and Product Governance Sourcebook (the &ldquo;UK MiFIR Product Governance Rules&rdquo;) regarding the mutual responsibilities of manufacturers
under the UK MiFIR Product Governance Rules: (a)&nbsp;each Underwriter which deems itself to be a manufacturer for the purposes of the
UK MiFIR Product Governance Rules&nbsp;(each a &ldquo;UK Manufacturer&rdquo; and together the &ldquo;UK Manufacturers&rdquo;) acknowledges
to each other UK Manufacturer that it understands the responsibilities conferred upon it under the UK MiFIR Product Governance Rules&nbsp;relating
to each of the product approval process, the target market and the proposed distribution channels as applying to the Securities and the
related information set out in the Prospectus and any announcements in connection with the Securities; and (b)&nbsp;the Company and each
Underwriter which is not a UK Manufacturer note the application of the UK MiFIR Product Governance Rules&nbsp;and acknowledge the target
market and distribution channels identified as applying to the Securities by the UK Manufacturers and the related information set out
in the Prospectus and any announcements in connection with the Securities.</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: 42; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence -->&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"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;19.
</FONT><U>Judgment Currency</U>. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder
into any currency other than United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of
exchange used shall be the rate at which in accordance with normal banking procedures the Underwriters could purchase United States dollars
with such other currency in The City of New York on the business day preceding that on which final judgment is given. The obligation
of the Company with respect to any sum due from the Company to any Underwriter or any person controlling any Underwriter or any affiliate
or selling agent of any Underwriter, as the case may be, shall, notwithstanding any judgment in a currency other than United States dollars,
not be discharged until the first business day following receipt by such Underwriter or controlling person or affiliate or selling agent
of such Underwriter of any sum in such other currency, and only to the extent that such Underwriter or controlling person or affiliate
or selling agent of such Underwriter may in accordance with normal banking procedures purchase United States dollars with such other
currency. If the United States dollars so purchased are less than the sum originally due to such Underwriter or controlling person or
affiliate or selling agent of such Underwriter, as the case may be, hereunder, the Company agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify such Underwriter or controlling person or affiliate or selling agent of such Underwriter against such
loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling person or
affiliate or selling agent of such Underwriter hereunder, such Underwriter or controlling person or affiliate or selling agent of such
Underwriter, as the case may be, shall pay to the Company an amount equal to the excess of the dollars so purchased over the sum originally
due to such Underwriter or controlling person or affiliate or selling agent of such Underwriter hereunder.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;20.
</FONT><U>No Advisory or Fiduciary Responsibility; Tax Disclosure</U>. (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)&nbsp;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.</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: 43; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence -->&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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;21.
</FONT><U>Integration</U>. 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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;22.
</FONT><U>GOVERNING LAW AND TIME</U>. 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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;23.
</FONT><U>Waiver of Jury Trial</U>. 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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;24.
</FONT><U>Effect of Headings and Table of Contents; Counterparts</U>. The Article&nbsp;and Section&nbsp;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.</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; 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>[Signature Pages&nbsp;Follow]</B></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="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence -->&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">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">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 45; Options: NewSection; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></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 0pt 0.25in">CONFIRMED AND ACCEPTED,<BR>
as of the date first above written:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: WELLS FARGO SECURITIES INTERNATIONAL LIMITED</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">By: MERRILL LYNCH INTERNATIONAL</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 45%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Damon Mahon</FONT></TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%"> /s/ Angus Reynolds</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Damon Mahon</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Angus Reynolds</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Managing Director</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: BARCLAYS BANK PLC</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">By: RBC EUROPE LIMITED</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/Meghan M. Maher</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid"> /s/ Elaine S. Murray</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Meghan M. Maher</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Elaine S. Murray</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Duly Authorised Signatory</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: <FONT STYLE="text-transform: uppercase">BNP PARIBAS</FONT></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Vikas Katyal</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Vikas Katyal</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorised Signatory</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Anne Besson-Imbert</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Anne Besson-Imbert</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorised Signatory</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&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">For themselves and as Representatives of the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Underwriters listed in
the signature pages&nbsp;hereto and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">named in Schedule&nbsp;A hereto.</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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 46; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MIZUHO INTERNATIONAL PLC</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Manabu Shibuya</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Manabu Shibuya</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Executive Director</FONT></TD>
    <TD>&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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 47; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THE TORONTO-DOMINION BANK</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Frances Watson</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Frances Watson</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Director, Transaction Management Group</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></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">[Signature Page&nbsp;to Purchase Agreement]</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: 48; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Adrien Ferrando</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Adrien Ferrando</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: DCM Bond Origination</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Marco Dillmann</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Name: Marco Dillmann</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title: DCM Bond Origination</TD>
    <TD>&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; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 49; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CITIGROUP GLOBAL MARKETS LIMITED</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Simi Alabi</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Simi Alabi</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Delegated Signatory</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 50; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THE BANK OF NOVA SCOTIA, LONDON BRANCH</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ James Walter</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: James Walter</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Head of Legal, Europe</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Cesare Roselli</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Name: Cesare Roselli</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title: Managing Director</TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 51; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRUIST SECURITIES,&nbsp;INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Robert Nordlinger</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Robert Nordlinger</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 52; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REGIONS SECURITIES LLC</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Nicole Black</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Nicole Black</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 53; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U.S. BANCORP INVESTMENTS,&nbsp;INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Charles P. Carpenter</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Charles P. Carpenter</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Senior Vice President</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 54; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNY MELLON CAPITAL MARKETS, LLC</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Dan Klinger</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Dan Klinger</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 55; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HUNTINGTON SECURITIES,&nbsp;INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Nicholas Muzychak</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Nicholas Muzychak</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Sr. Managing Director</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 56; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PNC CAPITAL MARKETS LLC</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Valerie Shadeck</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Valerie Shadeck</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 57; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BANK OF MONTREAL, LONDON BRANCH</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Richard Couzens</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Richard Couzens</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director, Head of Global Markets, EMEA</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Michael McCormick</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Name: Michael McCormick</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title: Managing Director, Debt Capital Markets</TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 58; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></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"></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">CITIZENS JMP SECURITIES, LLC</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Michele Goodenough</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Michele Goodenough</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 59; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UBS AG LONDON BRANCH</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Edward Mulderrig</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Edward Mulderrig</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">/s/ Armin Peter</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Name: Armin Peter</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title: Managing Director</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 60; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> COMERICA SECURITIES,&nbsp;INC.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Alex Sin</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Alex Sin</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 61; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"> SAMUEL A. RAMIREZ&nbsp;&amp; COMPANY,&nbsp;INC.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Richard L. Viton</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Richard L. Viton</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Managing Director</FONT></TD>
    <TD>&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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</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: 62; Value: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></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 A</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Principal<BR>
 amount of <BR>
2031 Notes</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Principal <BR>
amount of <BR>
2039 Notes</TD><TD STYLE="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 68%; font: 10pt Times New Roman, Times, Serif; text-align: left">Wells Fargo Securities International Limited</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&pound;</TD><TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">45,000,000</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&pound;</TD><TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">67,500,000</TD><TD STYLE="width: 1%; 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">Barclays Bank PLC</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">27,750,000</TD><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>
    <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">41,625,000</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">BNP Paribas</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">27,750,000</TD><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>
    <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">41,625,000</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">Merrill Lynch International</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">27,750,000</TD><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>
    <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">41,625,000</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">RBC Europe Limited</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">27,750,000</TD><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>
    <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">41,625,000</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">Mizuho International plc</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">13,500,000</TD><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>
    <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">20,250,000</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">The Toronto-Dominion Bank</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">13,500,000</TD><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>
    <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">20,250,000</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">Banco Bilbao Vizcaya Argentaria, S.A.</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">12,750,000</TD><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>
    <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">19,125,000</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">Citigroup Global Markets Limited</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">12,750,000</TD><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>
    <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">19,125,000</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">The Bank of Nova Scotia, London Branch</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">12,000,000</TD><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>
    <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">18,000,000</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,&nbsp;Inc.</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">12,000,000</TD><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>
    <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">18,000,000</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</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">10,500,000</TD><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>
    <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">15,750,000</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">U.S. Bancorp Investments,&nbsp;Inc.</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">10,500,000</TD><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>
    <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">15,750,000</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">BNY Mellon Capital Markets, LLC</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">8,250,000</TD><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>
    <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">12,375,000</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">Huntington Securities,&nbsp;Inc.</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">8,250,000</TD><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>
    <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">12,375,000</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">PNC Capital Markets LLC</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">8,250,000</TD><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>
    <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">12,375,000</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">Bank of Montreal, London Branch</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">6,750,000</TD><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>
    <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">10,125,000</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">Citizens JMP Securities, LLC</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">6,750,000</TD><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>
    <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">10,125,000</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 AG London Branch</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">3,750,000</TD><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>
    <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">5,625,000</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">Comerica Securities,&nbsp;Inc.</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">2,250,000</TD><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>
    <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">3,375,000</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; padding-bottom: 1pt">Samuel A. Ramirez&nbsp;&amp; Company,&nbsp;Inc.</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&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">2,250,000</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&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">3,375,000</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Total</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&pound;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">300,000,000</TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&pound;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">450,000,000</TD><TD STYLE="padding-bottom: 2.5pt; 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: 63; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Sch A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></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">&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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt; background-color: white">The
initial public offering price for the 2031 Notes shall be 99.298% of the principal amount thereof, plus accrued interest, if any, from
and including December&nbsp;5, 2023 (the &ldquo;2031 Notes Public Offering Price&rdquo;).</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt; background-color: white">The
purchase price to be paid for the 2031 Notes by the several Underwriters shall be 98.648% of the principal amount thereof (being an amount
equal to the 2031 Notes Public Offering Price set forth in paragraph 1 above less an underwriting discount of 0.650% of the principal
amount thereof).</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt; background-color: white">The
initial public offering price for the 2039 Notes shall be 99.250% of the principal amount thereof, plus accrued interest, if any, from
and including December&nbsp;5, 2023 (the &ldquo;2039 Notes Public Offering Price&rdquo;).</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt; background-color: white">The
purchase price to be paid for the 2039 Notes by the several Underwriters shall be 98.600% of the principal amount thereof (being an amount
equal to the 2039 Notes Public Offering Price set forth in paragraph 3 above less an underwriting discount of 0.650% of the principal
amount thereof).</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"></P>

<!-- Field: Page; Sequence: 64; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Sch B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></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 C</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; text-align: right">Issuer Free Writing Prospectus<BR>
Filed Pursuant to Rule&nbsp;433<BR>
Registration No.&nbsp;333-257510<BR>
November&nbsp;28, 2023</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; text-align: center"><B>REALTY INCOME CORPORATION</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"><B>PRICING TERM SHEET</B></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; text-align: center">5.750% Notes due 2031</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">6.000% Notes due 2039</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; 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
November&nbsp;28, 2023 (the &ldquo;Preliminary Prospectus Supplement&rdquo;), the accompanying prospectus dated June&nbsp;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">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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: 171pt">Issuer:</TD><TD STYLE="text-align: left">Realty Income Corporation (the &ldquo;Company&rdquo;)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Securities:</TD><TD STYLE="text-align: left">5.750% Notes due 2031 (the &ldquo;2031 notes&rdquo;)</TD>
</TR></TABLE>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 171pt">6.000% Notes due 2039 (the &ldquo;2039 notes&rdquo;)</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">The 2031 notes and the 2039 notes (collectively, the &ldquo;notes&rdquo;)
will each constitute a separate series of the Company&rsquo;s debt securities under the indenture governing the notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Trade Date:</TD><TD STYLE="text-align: left">November&nbsp;28, 2023</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Expected Settlement Date:</TD><TD STYLE="text-align: justify">December&nbsp;5, 2023 (London T+5)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -171pt">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Delayed Settlement:</TD><TD STYLE="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 fifth business day following
the date of this pricing term sheet. Under rules&nbsp;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></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Offering Format:</TD><TD STYLE="text-align: justify">SEC registered</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Net Proceeds:</TD><TD STYLE="text-align: left">Approximately &pound;739.6 million after deducting
the underwriting discounts but before deducting other estimated expenses payable by the Company.</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: 65; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Sch C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></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>

<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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Use of Proceeds:</TD><TD STYLE="text-align: left">The Company intends to use the net proceeds
it receives 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), foreign currency 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. 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 or other
indebtedness, see &ldquo;Underwriting (Conflicts of Interest)&thinsp;&mdash;&thinsp;Other Relationships&rdquo; and &ldquo;Underwriting
(Conflicts of Interest)&thinsp;&mdash;&thinsp;Conflicts of Interest&rdquo; in the Preliminary Prospectus Supplement.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Principal Amount:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">2031 notes: &pound;300,000,000</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 171pt">2039 notes: &pound;450,000,000</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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: 171pt">Denominations:</TD><TD>2031 notes: &pound;100,000 and integral multiples of &pound;1,000 in excess thereof</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: &pound;100,000 and integral multiples of &pound;1,000 in excess thereof</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Maturity Date:</TD><TD STYLE="text-align: justify">2031 notes: December&nbsp;5, 2031</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: December&nbsp;5, 2039</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Day Count Convention:</TD><TD STYLE="text-align: justify">2031 notes: ACTUAL/ACTUAL (ICMA)</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: ACTUAL/ACTUAL (ICMA)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Interest Rate:</TD><TD STYLE="text-align: justify">2031 notes: 5.750% per annum, accruing from December&nbsp;5,
2023</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: 6.000% per annum, accruing from December&nbsp;5, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Interest Payment Dates:</TD><TD STYLE="text-align: justify">2031 notes: Annually on December&nbsp;5, commencing
December&nbsp;5, 2024</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: Annually on December&nbsp;5, commencing December&nbsp;5, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Price to Public:</TD><TD STYLE="text-align: justify">2031 notes: 99.298%, plus accrued interest, if
any</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: 99.250%, plus accrued interest, if any</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Benchmark Security:</TD><TD STYLE="text-align: justify">2031 notes: UKT 0.250% due July&nbsp;31, 2031</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: UKT 4.250% due September&nbsp;7, 2039</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Benchmark Security Price/Yield:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">2031
notes: 74.996 / 4.079%</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: 96.810 / 4.535%</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Spread to Benchmark Security:</TD><TD STYLE="text-align: justify">2031 notes: +170 basis points</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: +145 basis points</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Semi-Annual Yield:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">2031 notes: 5.779%</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: 5.985%</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Annual Yield:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD><TD STYLE="text-align: justify">2031
notes: 5.862%</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: 6.075%</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Optional Redemption:</TD><TD STYLE="text-align: justify">Prior to October&nbsp;5, 2031 (the &ldquo;2031
Notes Par Call Date&rdquo;), the 2031 notes will be redeemable and, prior to September&nbsp;5, 2039 (the &ldquo;2039 Notes Par Call Date&rdquo;),
the 2039 notes will be redeemable, in each case at any time in whole or from time to time in part at the option of the Company at a redemption
price equal to the greater of:</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>100% of the principal amount of the notes of the applicable series to be redeemed, and</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: 66; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Sch C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>the sum of the present values of the remaining scheduled payments of principal of and interest on the notes of such series to be redeemed
(exclusive of interest accrued to the applicable redemption date), assuming that the notes of such series matured and that accrued and
unpaid interest on the notes of such series was payable on the 2031 Notes Par Call Date, in the case of the 2031 notes, or the 2039 Notes
Par Call Date, in the case of the 2039 notes, discounted to such redemption date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the Comparable
Government Bond Rate (as such term is defined under the caption &ldquo;Description of Notes&mdash;Optional Redemption&rdquo; in the Preliminary
Prospectus Supplement) plus 25 basis points, in the case of the 2031 notes, or 25 basis points, in the case of the 2039 notes,</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 0pt 171pt">plus, in the case of both clauses (a)&nbsp;and (b)&nbsp;above,
accrued and unpaid interest on the principal amount of the notes of the applicable series being redeemed to such redemption date.</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 0pt 171pt">On and after the 2031 Notes Par Call Date, the 2031 notes
will be redeemable and, on and after the 2039 Notes Par Call Date, the 2039 notes will be redeemable, in each case at any time in whole
or from time to time in part at the option of the Company at a redemption price equal to 100% of the principal amount of the notes of
the applicable series to be redeemed, plus accrued and unpaid interest on the principal amount of the notes of such series being redeemed
to the applicable redemption date.</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 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">See
</FONT>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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Tax Redemption:</TD><TD STYLE="text-align: justify">The notes of each series will be redeemable,
in whole but not in part, at the option of the Company in the event of certain changes in United States taxation at a redemption price
equal to 100% of the principal amount of the notes of such series, plus accrued and unpaid interest on the notes of such series to the
applicable redemption date. See &quot;Description of Notes&mdash;Redemption for Changes in Taxes&quot; in the Preliminary Prospectus
Supplement for further terms and provisions applicable to redemption of the notes under these circumstances.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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: 171pt">CUSIP:</TD><TD>2031 notes: 756109 BW3</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: 756109 BX1</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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: 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ISIN:</FONT></TD><TD>2031 notes: XS2728570750</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: XS2728570834</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Code:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD><TD STYLE="text-align: justify">2031
notes: 272857075</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 171pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20</FONT>39
notes: 272857083</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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: 171pt">Listing:</TD><TD>The Company intends to apply to list the notes on the New York Stock Exchange. No application will be made by the Company for the
notes to be listed, quoted and/or admitted to trading on or by any stock exchange or other competent authority in the European Economic
Area.</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: 67; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Sch C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></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"><B><U>Underwriters</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Joint Book-Running Managers:</TD><TD STYLE="text-align: justify">Wells Fargo Securities International
Limited</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Barclays Bank PLC</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">BNP Paribas</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Merrill Lynch International</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">RBC Europe Limited</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Mizuho International plc</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">The Toronto-Dominion Bank</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Banco Bilbao Vizcaya Argentaria, S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Citigroup Global Markets Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">The Bank of Nova Scotia, London Branch</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Truist Securities,&nbsp;Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left">Co-Lead Managers:</TD><TD STYLE="text-align: justify">Regions Securities LLC</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">U.S. Bancorp Investments,&nbsp;Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&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; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 171pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Senior</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-Managers:</FONT></TD><TD STYLE="text-align: justify">BNY
Mellon Capital Markets, LLC</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Huntington Securities,&nbsp;Inc.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">PNC Capital Markets LLC</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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: 171pt">Co-Managers:</TD><TD>Bank of Montreal, London Branch</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Citizens Capital Markets,&nbsp;Inc.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">UBS AG London Branch</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Comerica Securities,&nbsp;Inc.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">Samuel A. Ramirez&nbsp;&amp; Company,&nbsp;Inc.</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">An affiliate of BNY Mellon Capital Markets, LLC, one of the underwriters,
is the trustee under the indenture governing the notes.</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,&nbsp;Inc., a Financial Industry Regulatory Authority,&nbsp;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">Associated Investment Services,&nbsp;Inc. (AIS), a Financial Industry
Regulatory Authority,&nbsp;Inc. member and a subsidiary of Associated Banc-Corp, is being paid a referral fee by Samuel A. Ramirez&nbsp;&amp;
Company,&nbsp;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.</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 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, Wells Fargo Securities International Limited by telephone at +44-20-3942-8537, Barclays Bank
PLC by telephone at 1-888-603-5847, BNP Paribas by telephone at 1-800-854-5674, Merrill Lynch International by telephone at +1 (800) 294-1322
or RBC Europe Limited by telephone at +44 (0) 20 7029 7031.</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; font-size: 10pt"><B>UK
MiFIR &ndash; professionals / ECPs-only / No PRIIPs or UK PRIIPs KID</B></FONT> &ndash; Manufacturer target market (UK MiFIR product governance)
is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document
(KID) has been prepared as the notes are not available to retail investors 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"></P>

<!-- Field: Page; Sequence: 68; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Sch C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></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">&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">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Issuer
Free Writing Prospectus dated November&nbsp;28, 2023 setting forth certain terms of the Securities.</FONT></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: 69; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Sch D-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></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: right">Exhibit&nbsp;A</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; text-align: center">FORM&nbsp;OF OPINION OF LATHAM&nbsp;&amp; WATKINS&nbsp;LLP<BR>
TO BE DELIVERED PURSUANT TO SECTION&nbsp;5(b)</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">With
your consent, based solely on certificates from public officials, we confirm that the Company is in good standing under the laws of the
State of California and is qualified to do business in California.</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; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
execution and delivery of the Purchase Agreement, the issuance and sale of the Securities by the Company to you and the other Underwriters
pursuant to the Purchase Agreement and the Indenture and the execution and delivery of the Agency Agreement do not on the date hereof:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>result in a breach of or a default under any of the written instruments and agreements listed on Exhibit&nbsp;1 attached to this opinion
(the &ldquo;Specified Agreements&rdquo;) by the Company; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>violate any federal, State of California or State of New York statute, rule&nbsp;or regulation applicable to the Company; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>require any consents, approvals, or authorizations to be obtained by
                                            the Company from, or any registrations, declarations or filings to be made by the Company
                                            with, any governmental authority under any federal, State of California or State of New York
                                            statute, rule&nbsp;or regulation applicable to the Company on or prior to the date hereof
                                            that have not been obtained or made.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Registration Statement has become effective under the 1933 Act. With your consent, based solely on our review of the list of stop orders
contained on the Commission&rsquo;s website at <U>https://www.sec.gov/litigation/stoporders.shtml</U> at [<FONT STYLE="font-family: Webdings">=</FONT>]
a.m.&nbsp;Eastern time on December&nbsp;5, 2023, we confirm that no stop order suspending the effectiveness of the Registration Statement
has been issued under the 1933 Act and no proceedings therefor have been initiated by the Commission. The Preliminary Prospectus (as
defined below) has been filed in accordance with Rule&nbsp;424(b)&nbsp;under the 1933 Act, the Prospectus (as defined below) has been
filed in accordance with Rule&nbsp;424(b)&nbsp;and 430B under the 1933 Act and the Specified IFWP (as defined below) has been filed in
accordance with Rule&nbsp;433(d)&nbsp;under the 1933 Act. The prospectus dated June&nbsp;29, 2021 (the &ldquo;Base Prospectus&rdquo;)
and the preliminary prospectus supplement dated November&nbsp;28, 2023 (the &ldquo;Preliminary Prospectus Supplement&rdquo;) together
are herein called the &ldquo;Preliminary Prospectus.&rdquo; The Base Prospectus and the prospectus supplement dated November&nbsp;28,
2023 (the &ldquo;Final Prospectus Supplement&rdquo;) together are herein called the &ldquo;Prospectus.&rdquo; The reports and proxy and
registration statements filed by the Company with the Commission and incorporated or deemed to be incorporated in the Registration Statement,
the Preliminary Prospectus or the Prospectus by reference are herein called the &ldquo;Incorporated Documents&rdquo; and the document
that the Company has identified as an &ldquo;issuer free writing prospectus&rdquo; (as defined in Rule&nbsp;433 under the 1933 Act) and
that is listed on an exhibit attached to this opinion is herein called the &ldquo;Specified IFWP&rdquo;.</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"></P>

<!-- Field: Page; Sequence: 70; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></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">4.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Registration Statement and any amendments thereto, at November&nbsp;28, 2023, including the information deemed to be a part thereof pursuant
to Rule&nbsp;430B under the 1933 Act, and the Prospectus and any amendments or supplements thereto, as of the date of the Final Prospectus
Supplement, each appeared on its face to be appropriately responsive in all material respects to the applicable form requirements for
registration statements on Form&nbsp;S-3 under the 1933 Act and the 1933 Act Regulations; it being understood, however, that we express
no view with respect to Regulation S-T, any Statement of Eligibility on Form&nbsp;T-1 (a &ldquo;Form&nbsp;T-1&rdquo;) or the financial
statements, schedules, or other financial data included in, incorporated by reference in, or omitted from, the Registration Statement
or the Prospectus. For purposes of this paragraph, we have assumed that the statements made in the Registration Statement and any amendments
thereto, and the Prospectus and any amendments or supplements thereto are correct and complete.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Each
of the Incorporated Documents that is listed on Exhibit&nbsp;2 attached to this opinion (the &ldquo;<B><I>Specified Incorporated Documents</I></B>&rdquo;),
as of its respective filing date, appeared on its face to be appropriately responsive in all material respects to the applicable form
requirements for reports on Forms 10-K, 10-Q, and 8-K or definitive proxy statements under Regulation 14A, as the case may be, under the
1934 Act and the 1934 Act Regulations, it being understood, however, that we express no view with respect to Regulation S-T, any Form&nbsp;T-1
or the financial statements, schedules, or other financial data included in, incorporated by reference in, or omitted from, the Specified
Incorporated Documents. For purposes of this paragraph, we have assumed that the statements made in the Specified Incorporated Documents
are correct and complete.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Company is not, and immediately after giving effect to the sale of the Securities in accordance with the Purchase Agreement and the application
of the proceeds therefrom as described in the Final Prospectus Supplement under the caption &ldquo;Use of Proceeds,&rdquo; will not be
required to be registered as an &ldquo;investment company&rdquo; within the meaning of the Investment Company Act of 1940, as amended.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt; background-color: white">The
statements set forth in the </FONT><FONT STYLE="font-size: 10pt">Preliminary Prospectus and the Prospectus under the caption &ldquo;United
States Federal Income Tax Considerations,&rdquo; as amended and supplemented by the statements under the caption &ldquo;Supplemental U.S.
Federal Income Tax Considerations&rdquo; therein, <FONT STYLE="background-color: white">and the statements in the Company&rsquo;s Annual
Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2022 </FONT>under the captions &ldquo;Risk Factors&mdash;Risks Related
to Our Business and Industry&mdash;If we fail to qualify as a REIT, it could adversely impact us, and the amount of dividends we are able
to pay would decrease, which could adversely affect the market price of our capital stock and could adversely affect the value of our
debt securities&rdquo; and &ldquo;Risk Factors&mdash;Risks Related to Our Business and Industry&mdash;Distribution requirements imposed
by law limit our flexibility,&rdquo; insofar as such statements purport to constitute summaries of United States federal income tax law
and regulations or legal conclusions with respect thereto, constitute accurate summaries of the matters described therein in all material
respects.</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"></P>

<!-- Field: Page; Sequence: 71; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></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">8.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Commencing
with the Company&rsquo;s taxable year ended December&nbsp;31, 1994, the Company has been organized and has operated in conformity with
the requirements for qualification and taxation as a real estate investment trust under the Internal Revenue Code of 1986, as amended
(the &ldquo;Code&rdquo;), and its proposed method of operation will enable the Company to continue to meet the requirements for qualification
and taxation as a real estate investment trust under the Code.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Indenture is the legally 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.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Securities, when duly executed, issued and authenticated in accordance with the terms of the Indenture (assuming due authorization, execution
and delivery of the Indenture by the Trustee) and delivered to and paid for by the Underwriters in accordance with the terms of the Purchase
Agreement, will be legally 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 be general equitable principles.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Indenture has been qualified under the 1939 Act.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
statements in the Preliminary Prospectus and the Prospectus under the captions &ldquo;Description of Notes&rdquo; and &ldquo;Description
of Debt Securities,&rdquo; insofar as they purport to summarize or describe certain provisions of the Securities, the Indenture or the
Agency Agreement, are accurate summaries or descriptions in all material respects.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Agency Agreement is the legally 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.</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; text-indent: 0.5in">In addition, Latham&nbsp;&amp; Watkins&nbsp;LLP
will provide a letter addressed to the Underwriters, dated as of the Closing Time, and in form and substance satisfactory to counsel for
the Underwriters, to the effect that no facts have come to their attention that have caused them to believe that:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the Registration Statement, as
amended (if applicable), at the time it became effective on November&nbsp;28, 2023, including the Rule&nbsp;430B Information (together
with the Incorporated Documents at that time), contained an untrue statement of a material fact or omitted to state a material fact required
to be stated therein or necessary to make the statements therein not misleading, or</FONT></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: 72; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the Preliminary Prospectus, as
of the Applicable Time (together with the Incorporated Documents at the Applicable Time and the Specified IFWP (collectively, the &ldquo;Pricing
Information&rdquo;)), contained an untrue statement of a material fact or omitted to state a material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading, or</FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the Prospectus or any amendment
or supplement thereto, as of the date of the Final Prospectus Supplement, as of the date of any amendment or supplement thereto, or as
of the date of such opinion (in each case together with the Incorporated Documents at those respective dates), contained or contains
an untrue statement of a material fact or omitted or omits to state a material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading;</FONT></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">it being understood that such counsel shall express no belief with
respect to (A)&nbsp;the financial statements, schedules or other financial data included or incorporated or deemed to be incorporated
by reference in, or omitted from, the Registration Statement or any amendment thereto, the Preliminary Prospectus or any amendment or
supplement thereto, the Pricing Information, the Prospectus or any amendment or supplement thereto, or the Incorporated Documents or (B)&nbsp;any
Form&nbsp;T-1. Such counsel may state that in such letter that, in the course of acting as special counsel to the Company in connection
with the preparation by the Company of the Registration Statement, any amendments thereto, the Preliminary Prospectus, any amendments
or supplements thereto, the Pricing Information and the Prospectus and any amendments or supplements thereto, such counsel reviewed the
Registration Statement, any amendments thereto, the Preliminary Prospectus, any amendments or supplements thereto, the Pricing Information,
the Prospectus, any amendments or supplements thereto, and the Incorporated Documents, and participated in conferences and telephone conversations
with officers and other representatives of the Company, the independent public accountants for the Company, and representatives of the
Underwriters and their counsel, during which conferences and conversations the contents of the Registration Statement, any amendments
thereto, the Preliminary Prospectus, any amendments or supplements thereto, the Pricing Information, the Prospectus and any amendments
or supplements thereto and portions of certain of the Incorporated Documents and related matters were discussed and, further, that such
counsel has reviewed and relied upon certain corporate records and documents, letters from counsel and accountants, and oral and written
statements of officers and other representatives of the Company and others as to the existence and consequence of certain factual and
other matters.</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; text-indent: 0.5in">Such opinion shall not state that it is to be governed
or qualified by, or that it is otherwise subject to, any treatise, written policy or other document relating to legal opinions, including,
without limitation, the Legal Opinion Accord of the ABA Section&nbsp;of Business Law (1991).</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: 73; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The matters set forth in paragraphs 7 and 8 above
(collectively, the &ldquo;Tax Opinions&rdquo;) may be covered in one or more separate legal opinions, which may be subject to such assumptions,
limitations and qualifications as shall be satisfactory to counsel for the Underwriters. In particular, the Tax Opinions may be conditioned
upon certain representations made by the Company as to factual matters through a certificate of an officer of the Company (the &ldquo;Officer&rsquo;s
Certificate&rdquo;). In rendering the Tax Opinions, Latham&nbsp;&amp; Watkins&nbsp;LLP may assume the accuracy of an opinion of Venable&nbsp;LLP,
Maryland counsel to the Company, with respect to the enforceability of the stock ownership limits set forth in the Company&rsquo;s charter,
so long as such opinion of Maryland counsel (i)&nbsp;is dated the same date as such opinion of Latham&nbsp;&amp; Watkins&nbsp;LLP, (ii)&nbsp;is
addressed to the Representatives and the Underwriters or contains a statement to the effect that the Representatives and the Underwriters
may rely upon such opinion as if it were addressed to them and (iii)&nbsp;is otherwise in form and substance satisfactory to counsel for
the Underwriters, and a copy of such opinion of special Maryland counsel is delivered to the Representatives together with such opinion
of Latham&nbsp;&amp; Watkins&nbsp;LLP. In addition, the Tax Opinions may be based upon certain assumptions and factual representations
of the Company concerning its business, assets and governing documents as set forth in the Registration Statement, the Pricing Information
and Prospectus. The Tax Opinions may state that they relate only to the federal income tax laws of the United States and such counsel
need not express any opinion with respect to the applicability thereto, or the effect thereon, of other federal laws, the laws of any
state or other jurisdiction or as to any matters of municipal law or the laws of any other local agencies within any state. The Tax Opinions
may state that they are based on various statutory provisions, regulations promulgated thereunder and interpretations thereof by the Internal
Revenue Service and the courts having jurisdiction over such matters, all of which are subject to change either prospectively or retroactively,
that any such change may affect the conclusions stated therein, and that any variation or difference in the facts from those set forth
in the Registration Statement, the Prospectus, the Pricing Information or the Officer&rsquo;s Certificate may affect the conclusions stated
therein. Moreover, the Tax Opinions may state that, as described in the Preliminary Prospectus and the Prospectus, the Company&rsquo;s
qualification and taxation as a real estate investment trust depend upon the Company&rsquo;s ability to meet the various requirements
imposed under the Code, including through actual annual operating results, asset composition, distribution levels and diversity of stock
ownership, the results of which have not been and will not be reviewed by such counsel. Accordingly, no assurance can be given that the
actual results of the Company&rsquo;s operation for any particular taxable year will satisfy such requirements. In addition, the Tax Opinions
may state that such opinions do not foreclose the possibility that the Company may have to pay a deficiency dividend, or an excise or
penalty tax, which could be significant in amount, in order to maintain its real estate investment trust qualification.</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: 74; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></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"><U>EXHIBIT&nbsp;1</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>FORM&nbsp;OF LATHAM&nbsp;&amp; WATKINS&nbsp;LLP&rsquo;S
OPINION</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: center">SPECIFIED AGREEMENTS</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">1.</TD><TD><FONT STYLE="background-color: white">Third Amended and Restated Credit Agreement, dated as of April&nbsp;28, 2022, among the Company,
Wells Fargo Bank, National Association, as Administrative Agent, and the other parties thereto, and the applicable guaranties thereunder,
in each case as further amended or supplemented (if applicable) to the date of such opinion (or any successor to such Credit Agreement)</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">2.</TD><TD><FONT STYLE="background-color: white">Indenture, dated as of October&nbsp;28, 1998 between the Company and The Bank of New York Mellon
Trust Company, N.A. (successor trustee to The Bank of New York), as trustee (the &ldquo;1998 Indenture&rdquo;), as amended or supplemented
(if applicable) to the date of such opinion</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">3.</TD><TD><FONT STYLE="background-color: white">Any securities outstanding under the 1998 Indenture as of the date hereof and the Officers&rsquo;
Certificates (as defined in the 1998 Indenture) and, if applicable, supplemental indenture(s)&nbsp;establishing the form and terms of
such securities pursuant to the 1998 Indenture</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">4.</TD><TD><FONT STYLE="background-color: white">Note Purchase Agreement, dated as of May&nbsp;20, 2019 between the Company and the Purchasers
listed in the Purchaser Schedule thereto, and the applicable guaranties thereunder, in each case as amended or supplemented (if applicable)
to the date of such opinion</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">5.</TD><TD><FONT STYLE="background-color: white">Note Purchase Agreement, dated as of April&nbsp;14, 2022 between the Company and the Purchasers
listed in the Purchaser Schedule thereto, and the applicable guaranties thereunder, in each case as amended or supplemented (if applicable)
to the date of such opinion</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">6.</TD><TD><FONT STYLE="background-color: white">Indenture, dated as of February&nbsp;6, 2014, among ARC Properties Operating Partnership, L.P.,
Clark Acquisition, LLC, the guarantors named therein and U.S. Bank National Association, as trustee (the &ldquo;2014 Indenture&rdquo;),
as amended or supplemented (if applicable) to the date of such opinion</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">7.</TD><TD><FONT STYLE="background-color: white">Any securities under the 2014 Indenture as of the date hereof and the Officers&rsquo; Certificates
(as defined in the 2014 Indenture) and, if applicable, supplemental indenture(s)&nbsp;establishing the form and terms of such securities
pursuant to the 2014 Indenture</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">8.</TD><TD><FONT STYLE="background-color: white">Term Loan Agreement, dated January&nbsp;6, 2023, by and among Realty Income Corporation, as
borrower, Toronto Dominion (Texas) LLC, as Administrative Agent, and the other parties thereto, as amended or supplemented (if applicable)
to the date of such opinion (or any successor to such Term Loan Agreement)</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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">9.</TD><TD><FONT STYLE="background-color: white">Agreement and Plan of Merger, dated as of October&nbsp;29, 2023, by and among the Company, Saints
MD Subsidiary,&nbsp;Inc. and Spirit Realty Capital,&nbsp;Inc., as amended or supplemented (if applicable) to the date of such opinion</FONT></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: 75; Options: NewSection; Value: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></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"><U>EXHIBIT&nbsp;2</U></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>FORM&nbsp;OF LATHAM&nbsp;&amp; WATKINS&nbsp;LLP&rsquo;S
OPINION</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: center">SPECIFIED INCORPORATED DOCUMENTS</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 27pt">1.</TD><TD>Annual Report of the Company on Form&nbsp;10-K for the year ended December&nbsp;31, 2022</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 27pt">2.</TD><TD>Quarterly Reports of the Company on Form&nbsp;10-Q for the quarters ended March&nbsp;31, 2023, June&nbsp;30, 2023 and September&nbsp;30,
2023</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 27pt">3.</TD><TD><FONT STYLE="background-color: white">Proxy Statement on Schedule 14A filed on March&nbsp;31, 2023 and any subsequent filings made
by the Company under Section&nbsp;14 of the Securities Exchange Act of 1934</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 27pt">4.</TD><TD><FONT STYLE="background-color: white">Any Current Reports on Form&nbsp;8-K to the extent filed with (and not furnished to) the Commission
after December&nbsp;31, 2022 and on or prior to the date hereof</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 27pt">5.</TD><TD><FONT STYLE="background-color: white">Any amendments to any of the foregoing</FONT></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: 76; Value: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit&nbsp;B</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; text-align: center">FORM&nbsp;OF OPINION OF VENABLE&nbsp;LLP<BR>
TO BE DELIVERED PURSUANT TO SECTION&nbsp;5(b)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Company has been duly incorporated and is validly existing under and by virtue of the laws of the State of Maryland and is in good standing
with the State Department of Assessments and Taxation of Maryland (the &ldquo;SDAT&rdquo;). The Company has the corporate power to own,
lease and operate its current properties and to conduct its business as described in its Annual Report on Form&nbsp;10-K for the fiscal
year ended December&nbsp;31, 2022 (the &ldquo;Form&nbsp;10-K&rdquo;) under the captions &ldquo;Item&nbsp;1.&mdash;Business&mdash;The Company&rdquo;
and &ldquo;Item 1.&mdash;Business&mdash;Property Portfolio Information,&rdquo; and to enter into and perform its obligations under the
Purchase Agreement, the Indenture, the Agency Agreement and the global certificate evidencing the Securities (the &ldquo;Global Security&rdquo;)
and any other certificates evidencing the Securities of either series.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Securities have been duly authorized by all necessary corporate action on the part of the Company and the Global Securities have been
duly executed by the Company and, when duly authenticated by the Trustee in the manner provided in the Indenture (assuming due authorization,
execution and delivery of the Indenture by the Trustee) and delivered against payment of the purchase price therefor specified in the
Purchase Agreement, the Securities will be duly and validly issued and delivered by the Company.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Purchase Agreement, the Indenture and the Agency Agreement have been duly authorized by all necessary corporate action on the part of
the Company. The Purchase Agreement, the Indenture and the Agency Agreement have been duly executed and, delivered by the Company.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">We
have reviewed the information in the Statutory Prospectus and the Prospectus under the caption &ldquo;Certain Provisions of Maryland Law
and of our Charter and Bylaws,&rdquo; as modified by the information under the caption &ldquo;Item 5: Other Information,&rdquo; as set
forth in the Company&rsquo;s Quarterly Report on Form&nbsp;10-Q for the quarterly period ended September&nbsp;30, 2023, and, to the extent
that such information constitutes summaries of matters of Maryland law or summaries of certain provisions of the Company&rsquo;s charter
or bylaws or other instruments or agreements governed by Maryland law, such information is correct in all material respects.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">No
authorization, approval, consent or order of any Maryland state government authority or agency (other than as may be required under Maryland
securities or &ldquo;blue sky&rdquo; laws, as to which no opinion is expressed herein) is required in connection with the due authorization
by the Company of the Securities or the due authorization, execution or delivery by the Company of the Purchase Agreement, the Indenture,
the Agency Agreement or the Securities or for the offering, issuance or sale of the Securities by the Company.</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"></P>

<!-- Field: Page; Sequence: 77; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></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">6.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
execution, delivery and performance by the Company of the Purchase Agreement, the Agency Agreement, the Indenture and the Global Securities
and any other certificates evidencing the Securities (including the issuance and sale of the Securities to the Underwriters and the use
of the proceeds from the sale of the Securities as described in the preliminary Prospectus Supplement dated November&nbsp;28, 2023 and
the final Prospectus Supplement dated November&nbsp;28, 2023 under the caption &ldquo;Use of Proceeds&rdquo;) do not result in any violation
of the charter or bylaws of the Company or, so far as is known to us, any applicable provision of any Maryland law, statute, administrative
regulation or administrative or court decree applicable to the Company.</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; text-indent: 0.5in">In rendering such opinion, such counsel shall state
that Latham&nbsp;&amp; Watkins&nbsp;LLP, in rendering its opinion(s)&nbsp;pursuant to the Purchase Agreement, may rely upon such opinion
of Maryland counsel as to all matters arising under or governed by the laws of the State of Maryland. In addition, in rendering such opinion,
such counsel may rely insofar as such opinion involves factual matters, to the extent they deem proper, on certificates of responsible
officers of the Company and public officials. Such opinion shall not state that it is to be governed or qualified by, or that it is otherwise
subject to, any treatise, written policy or other document relating to legal opinions, including, without limitation, the Legal Opinion
Accord of the ABA Section&nbsp;of Business Law (1991). In the event that Latham&nbsp;&amp; Watkins&nbsp;LLP, in rendering the Tax Opinions
(as defined in Exhibit&nbsp;A to the Purchase Agreement), relies upon a separate opinion (the &ldquo;Separate Opinion&rdquo;) of such
Maryland counsel, such Separate Opinion of Maryland counsel shall also be addressed to the Representatives and the Underwriters or shall
contain a statement to the effect the Representatives and the Underwriters may rely upon such opinion as if it were addressed to them
and shall also comply with the other applicable requirements set forth in the last paragraph of Exhibit&nbsp;A to the Purchase Agreement.</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: 78; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Exhibit B-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

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

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>o-20231128.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.20b -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWaaDWbOdzZR+SYkxtmB6bWl6TywkEMgREymgzs6WMWMK -->
<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/2023" xmlns:us-gaap="http://fasb.org/us-gaap/2023" xmlns:srt="http://fasb.org/srt/2023" xmlns:srt-types="http://fasb.org/srt-types/2023" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:o="http://realtyincome.com/20231128" elementFormDefault="qualified" targetNamespace="http://realtyincome.com/20231128">
    <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-20231128_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-20231128_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-20231128_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/2023" schemaLocation="https://xbrl.sec.gov/dei/2023/dei-2023.xsd" />
    <import namespace="http://fasb.org/us-gaap/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd" />
    <import namespace="http://fasb.org/us-types/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2023" schemaLocation="https://xbrl.sec.gov/country/2023/country-2023.xsd" />
    <import namespace="http://fasb.org/srt/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd" />
    <import namespace="http://fasb.org/srt-types/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.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_Notes4.875PercentDue2030Member" name="Notes4.875PercentDue2030Member" 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_Notes5.125PercentDue2034Member" name="Notes5.125PercentDue2034Member" 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-20231128_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: 5.20b -->
    <!-- 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-20231128.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/2023/dei-2023.xsd#dei_DocumentInformationLineItems" xlink:label="loc_deiDocumentInformationLineItems" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.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_deiDocumentInformationLineItems" 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/2023/elts/us-gaap-2023.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/2023/elts/us-gaap-2023.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/2023/elts/us-gaap-2023.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/2023/elts/us-gaap-2023.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-20231128.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-20231128.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-20231128.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-20231128.xsd#o_Notes4.875PercentDue2030Member" xlink:label="loc_oNotes4.875PercentDue2030Member_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes4.875PercentDue2030Member_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="o-20231128.xsd#o_Notes1.750PercentDue2033Member" xlink:label="loc_oNotes1.750PercentDue2033Member_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.750PercentDue2033Member_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="o-20231128.xsd#o_Notes5.125PercentDue2034Member" xlink:label="loc_oNotes5.125PercentDue2034Member_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes5.125PercentDue2034Member_70" xlink:type="arc" order="71" />
      <link:loc xlink:type="locator" xlink:href="o-20231128.xsd#o_Notes2.500PercentDue2042Member" xlink:label="loc_oNotes2.500PercentDue2042Member_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes2.500PercentDue2042Member_80" xlink:type="arc" order="81" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentType_100" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentFlag_100" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentDescription_100" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentRegistrationStatement_100" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAnnualReport_100" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentQuarterlyReport_100" xlink:type="arc" order="5" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentTransitionReport_100" xlink:type="arc" order="6" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyReport_100" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate_100" xlink:type="arc" order="8" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodStartDate_100" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodEndDate_100" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus_100" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalYearFocus_100" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate_100" xlink:type="arc" order="13" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFileNumber_100" xlink:type="arc" order="14" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityRegistrantName_100" xlink:type="arc" order="15" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCentralIndexKey_100" xlink:type="arc" order="16" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPrimarySicNumber_100" xlink:type="arc" order="17" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber_100" xlink:type="arc" order="18" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode_100" xlink:type="arc" order="19" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine1_100" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine2_100" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine3_100" xlink:type="arc" order="22" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCityOrTown_100" xlink:type="arc" order="23" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressStateOrProvince_100" xlink:type="arc" order="24" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCountry_100" xlink:type="arc" order="25" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressPostalZipCode_100" xlink:type="arc" order="26" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCountryRegion_100" xlink:type="arc" order="27" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCityAreaCode_100" xlink:type="arc" order="28" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiLocalPhoneNumber_100" xlink:type="arc" order="29" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="loc_deiExtension_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiExtension_100" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiWrittenCommunications_100" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSolicitingMaterial_100" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementTenderOffer_100" xlink:type="arc" order="33" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer_100" xlink:type="arc" order="34" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12bTitle_100" xlink:type="arc" order="35" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiNoTradingSymbolFlag_100" xlink:type="arc" order="36" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiTradingSymbol_100" xlink:type="arc" order="37" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityExchangeName_100" xlink:type="arc" order="38" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12gTitle_100" xlink:type="arc" order="39" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityReportingObligation_100" xlink:type="arc" order="40" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAnnualInformationForm_100" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements_100" xlink:type="arc" order="42" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer_100" xlink:type="arc" order="43" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityVoluntaryFilers_100" xlink:type="arc" order="44" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCurrentReportingStatus_100" xlink:type="arc" order="45" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent_100" xlink:type="arc" order="46" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFilerCategory_100" xlink:type="arc" order="47" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntitySmallBusiness_100" xlink:type="arc" order="48" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany_100" xlink:type="arc" order="49" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityExTransitionPeriod_100" xlink:type="arc" order="50" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAccountingStandard_100" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber_100" xlink:type="arc" order="52" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityShellCompany_100" xlink:type="arc" order="53" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPublicFloat_100" xlink:type="arc" order="54" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent_100" xlink:type="arc" order="55" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding_100" xlink:type="arc" order="56" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock_100" xlink:type="arc" order="57" />
    </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>o-20231128_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: 5.20b -->
    <!-- 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/2023/elts/us-gaap-2023.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/2023/elts/us-gaap-2023.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-20231128.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-20231128.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-20231128.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-20231128.xsd#o_Notes4.875PercentDue2030Member" xlink:label="o_Notes4.875PercentDue2030Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes4.875PercentDue2030Member" xlink:to="o_Notes4.875PercentDue2030Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes4.875PercentDue2030Member_lbl" xml:lang="en-US">4.875% Notes due 2030 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20231128.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-20231128.xsd#o_Notes5.125PercentDue2034Member" xlink:label="o_Notes5.125PercentDue2034Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes5.125PercentDue2034Member" xlink:to="o_Notes5.125PercentDue2034Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes5.125PercentDue2034Member_lbl" xml:lang="en-US">5.125% Notes due 2034 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20231128.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/2023/elts/us-gaap-2023.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/2023/dei-2023.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_DocumentInformationLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentInformationLineItems_lbl" xml:lang="en-US">Document Information [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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/2023/dei-2023.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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes4.875PercentDue2030Member" xlink:to="o_Notes4.875PercentDue2030Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="o_Notes4.875PercentDue2030Member_doc" xml:lang="en-US">4.875% Notes due 2030</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes5.125PercentDue2034Member" xlink:to="o_Notes5.125PercentDue2034Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="o_Notes5.125PercentDue2034Member_doc" xml:lang="en-US">5.125% Notes due 2034</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>o-20231128_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: 5.20b -->
    <!-- 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-20231128.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/2023/dei-2023.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.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/2023/dei-2023.xsd#dei_DocumentInformationLineItems" xlink:label="loc_deiDocumentInformationLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_deiDocumentInformationLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.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/2023/elts/us-gaap-2023.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/2023/elts/us-gaap-2023.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-20231128.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-20231128.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-20231128.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-20231128.xsd#o_Notes4.875PercentDue2030Member" xlink:label="loc_oNotes4.875PercentDue2030Member" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes4.875PercentDue2030Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20231128.xsd#o_Notes1.750PercentDue2033Member" xlink:label="loc_oNotes1.750PercentDue2033Member" />
      <link:presentationArc order="70" 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-20231128.xsd#o_Notes5.125PercentDue2034Member" xlink:label="loc_oNotes5.125PercentDue2034Member" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes5.125PercentDue2034Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20231128.xsd#o_Notes2.500PercentDue2042Member" xlink:label="loc_oNotes2.500PercentDue2042Member" />
      <link:presentationArc order="90" 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/2023/dei-2023.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" 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;">v3.23.3</span><table class="report" border="0" cellspacing="2" id="idm140633265683504">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Nov. 28, 2023</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_DocumentInformationLineItems', window );"><strong>Document 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">Nov. 28,  2023<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_DocumentInformationLineItems', window );"><strong>Document 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_DocumentInformationLineItems', window );"><strong>Document 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_DocumentInformationLineItems', window );"><strong>Document 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_DocumentInformationLineItems', window );"><strong>Document 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_Notes4.875PercentDue2030Member', window );">4.875% Notes due 2030 [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_DocumentInformationLineItems', window );"><strong>Document 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">4.875% Notes due 2030<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">O30A<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_Notes1.750PercentDue2033Member', window );">1.750% Notes due 2033 [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_DocumentInformationLineItems', window );"><strong>Document 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">1.750% Notes due 2033<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">O33A<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_Notes5.125PercentDue2034Member', window );">5.125% Notes due 2034 [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_DocumentInformationLineItems', window );"><strong>Document 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">5.125% Notes due 2034<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">O34<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_DocumentInformationLineItems', window );"><strong>Document 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_DocumentInformationLineItems">
<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_DocumentInformationLineItems</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_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_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_Notes4.875PercentDue2030Member">
<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_Notes4.875PercentDue2030Member</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_Notes5.125PercentDue2034Member">
<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_Notes5.125PercentDue2034Member</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>tm2331528d5_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/2023"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:o="http://realtyincome.com/20231128"
  xmlns:us-gaap="http://fasb.org/us-gaap/2023"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="o-20231128.xsd" xlink:type="simple"/>
    <context id="AsOf2023-11-28">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
        </entity>
        <period>
            <startDate>2023-11-28</startDate>
            <endDate>2023-11-28</endDate>
        </period>
    </context>
    <context id="From2023-11-282023-11-28_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>2023-11-28</startDate>
            <endDate>2023-11-28</endDate>
        </period>
    </context>
    <context id="From2023-11-282023-11-28_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>2023-11-28</startDate>
            <endDate>2023-11-28</endDate>
        </period>
    </context>
    <context id="From2023-11-282023-11-28_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>2023-11-28</startDate>
            <endDate>2023-11-28</endDate>
        </period>
    </context>
    <context id="From2023-11-282023-11-28_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>2023-11-28</startDate>
            <endDate>2023-11-28</endDate>
        </period>
    </context>
    <context id="From2023-11-282023-11-28_custom_Notes4.875PercentDue2030Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes4.875PercentDue2030Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-11-28</startDate>
            <endDate>2023-11-28</endDate>
        </period>
    </context>
    <context id="From2023-11-282023-11-28_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>2023-11-28</startDate>
            <endDate>2023-11-28</endDate>
        </period>
    </context>
    <context id="From2023-11-282023-11-28_custom_Notes5.125PercentDue2034Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes5.125PercentDue2034Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2023-11-28</startDate>
            <endDate>2023-11-28</endDate>
        </period>
    </context>
    <context id="From2023-11-282023-11-28_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>2023-11-28</startDate>
            <endDate>2023-11-28</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:AmendmentFlag contextRef="AsOf2023-11-28">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey contextRef="AsOf2023-11-28">0000726728</dei:EntityCentralIndexKey>
    <dei:DocumentType contextRef="AsOf2023-11-28">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="AsOf2023-11-28">2023-11-28</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="AsOf2023-11-28">REALTY INCOME CORPORATION</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="AsOf2023-11-28">MD</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="AsOf2023-11-28">1-13374</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="AsOf2023-11-28">33-0580106</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="AsOf2023-11-28">11995 El Camino Real</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="AsOf2023-11-28">San Diego</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="AsOf2023-11-28">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="AsOf2023-11-28">92130</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="AsOf2023-11-28">858</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="AsOf2023-11-28">284-5000</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="AsOf2023-11-28">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="AsOf2023-11-28">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="AsOf2023-11-28">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="AsOf2023-11-28">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="From2023-11-282023-11-28_us-gaap_CommonStockMember">Common     Stock, $0.01 Par Value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-11-282023-11-28_us-gaap_CommonStockMember">O</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-11-282023-11-28_us-gaap_CommonStockMember">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2023-11-282023-11-28_custom_Notes1.125PercentDue2027Member">1.125% Notes due 2027</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-11-282023-11-28_custom_Notes1.125PercentDue2027Member">O27A</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-11-282023-11-28_custom_Notes1.125PercentDue2027Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2023-11-282023-11-28_custom_Notes1.875PercentDue2027Member">1.875% Notes due 2027</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-11-282023-11-28_custom_Notes1.875PercentDue2027Member">O27B</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-11-282023-11-28_custom_Notes1.875PercentDue2027Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2023-11-282023-11-28_custom_Notes1.625PercentDue2030Member">1.625% Notes due 2030</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-11-282023-11-28_custom_Notes1.625PercentDue2030Member">O30</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-11-282023-11-28_custom_Notes1.625PercentDue2030Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2023-11-282023-11-28_custom_Notes4.875PercentDue2030Member">4.875% Notes due 2030</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-11-282023-11-28_custom_Notes4.875PercentDue2030Member">O30A</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-11-282023-11-28_custom_Notes4.875PercentDue2030Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2023-11-282023-11-28_custom_Notes1.750PercentDue2033Member">1.750% Notes due 2033</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-11-282023-11-28_custom_Notes1.750PercentDue2033Member">O33A</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-11-282023-11-28_custom_Notes1.750PercentDue2033Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2023-11-282023-11-28_custom_Notes5.125PercentDue2034Member">5.125% Notes due 2034</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-11-282023-11-28_custom_Notes5.125PercentDue2034Member">O34</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-11-282023-11-28_custom_Notes5.125PercentDue2034Member">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle contextRef="From2023-11-282023-11-28_custom_Notes2.500PercentDue2042Member">2.500% Notes due 2042</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-11-282023-11-28_custom_Notes2.500PercentDue2042Member">O42</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-11-282023-11-28_custom_Notes2.500PercentDue2042Member">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="AsOf2023-11-28">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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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
M" #:@7U74*1Z_T(&  #B)P  &    'AL+W=O<FMS:&5E=',O<VAE970Q+GAM
M;+6:77/B-A2&[_LK-.['M#-)L"4+R#9AAA"V978#3*"[L]WIA6(+\*QM45F$
MY-]7-L2BB3EB$\Q%8H/U\EKGXQ&V+]9"?LL6G"OTD,1I=NDLE%J^:S2R8,$3
MEIV))4_U)S,A$Z;TKIPWLJ7D+"P&)7$#NVZSD; H=3H7Q7MCV;D0*Q5'*1]+
ME*V2A,G'*QZ+]:7C.4]OW$;SA<K?:'0NEFS.)US]M1Q+O=<H5<(HX6D6B11)
M/KMTNMZ[JV8QH#CB4\37V<XVRD_E3HAO^<X@O'3<W!&/>:!R":;_W?,>C^-<
M2?OX=ROJE-^9#]S=?E)_7YR\/ID[EO&>B#]'H5I<.FT'A7S&5K&Z%>L_^?:$
M:*X7B#@K_J+UYEC?=U"PRI1(MH.U@R1*-__9PW8B=@:0?0/P=@ N?&^^J'!Y
MS13K7$BQ1C(_6JOE&\6I%J.UN2C-HS)14G\:Z7&JTQ/W7%XTE);*WV@$VV%7
MFV%XS["AN#]#N'V"L(O)_X<WM(/2!BYMX$*/[-&[%L%*QUJA0;K)M#QB7S_J
MH]! \23[I\KB1M*OELS3^5VV9 &_='2^9ES><Z?SRX]>T_T=,$Q*PP12-X:G
MCTM>90X>WC[] )CP2Q,^J-+5#L+"Q?N8S:M<P.-G+,XXX(.6/NAADS'F,A(A
MZJ<ATME8.2^P4IE7ML1JEM::H& _59%Z1.^CF*/A*KFK3G98PSOU"&GY@)M6
MZ:9UB)M;/H\R)9F>L2%+*J<)UKGM=S].O_PP&/9&-WW4&]V.1[?=Z6 T!#RV
M2X_M0SSV=#PEBW5!AOP!?>"/52YA)5>_6KC9PFW UGEIZ_P06U/V@ :A]A;-
MHF#3)O:'%58DY-2E;==SFX ]SS6-U#W$X" -A%P*67@[01.EZP )B7IBI2=4
MSZL(*P-N4;^YADSN='OO$)/=,-0M,3MYVD!%IQVEU<Y@2<\[/Z>H'Z,>TWP2
M.KE9#'DU2/# !O[":R_?TS,Y%>NTTB<L-V$INH[X7$#F3/OWX ;^W%P9Y[$4
M]U$:5,\DK-GK0M8,%#RXJS^W-A:9TH7\=[3<GWRPXCGVB MY,Z#PX/Y>Q+"K
MEX_[K< ";0HU$\]@P8-[^D<1Z#D9+T0*<<$B@MO^*=5-#G)DT.#!/?VSC)3B
MJ9Z8)%FEV^:65;J"A6Q4]PP)/+B!3T0<!9&*TCFZT>DMH^>5O?4#JUC]& 1X
M<,<>2WX:Z.GANKXVBR^]_N$2C6:S/?&#]6S.L&G^&&[/+YP-LFREG=D,6F2M
M!DWCQP<U_G["Y3R/YQ]:02WR9%NRM)+M%D&KM9VE/]R8\X37&)\H$7Q#7V]X
M7HS5Z_TZ%OS8M'Q,:OB- K;\UWHV+,!PYYY&2B]\Q0QY^->[W]"$!RO=9JKC
M#2MMHO0#TJ\B4B?H)_?,]="82?2)Q2LP%PP?,-S>IY*%>7I.'I,[4=EL+ (C
MR(:A X8;^],\H?Y#L&#IG.]=IUN$AE\F?<B1H0.&F[IWYF'Z,QH*Q3,4KGC^
M^Z@%5PLH^-K,,^S [1JJ!23):ST;OF"8!]]3+;!29;B@RPZ&- 1&@KU"+ (C
MW(+6F<0@A< $.+Q(+$*6(B&&) 0FB7?6;GU?D<""K[V&M',1J0:DD#J00@Q2
MR-&08E&J#!?DT6"$O!4C%@%=)%>0$T,2<BR26(1L16)(0FPD:3YO3<2%BZ0.
MDA!#$E(#24@=)"&&).1H)+$H588+NG9L2.*_E206@1%LQ(#$/Q9(+$*6&O$-
M2'P8)/[+SF2I$5CPE?GF&Y#X-8#$KP,D_L[-BZ.!Q*)4&2[(HP&)_U:06 1T
MC4"K+=^ Q#\62"Q"MB(Q(/%M(&E1]]FL$[A(Z@");T#BUP 2OPZ0^ 8D_M%
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M/[&\UDX:?^:+X3]>?P%02P$"% ,4    " #:@7U7!T%-8H$   "Q    $
M            @ $     9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0    ( -J!
M?5=?8U):[P   "L"   1              "  :\   !D;V-0<F]P<R]C;W)E
M+GAM;%!+ 0(4 Q0    ( -J!?5>97)PC$ 8  )PG   3              "
M <T!  !X;"]T:&5M92]T:&5M93$N>&UL4$L! A0#%     @ VH%]5U"D>O]"
M!@  XB<  !@              ("!#@@  'AL+W=O<FMS:&5E=',O<VAE970Q
M+GAM;%!+ 0(4 Q0    ( -J!?5>?H!OPL0(  .(,   -              "
M 88.  !X;"]S='EL97,N>&UL4$L! A0#%     @ VH%]5Y>*NQS     $P(
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9>&UL4$L%!@     )  D /@(  -H5      $!

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>3.23.3</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>9</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>8</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="tm2331528d5_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>o-20231128.xsd</File>
    <File>o-20231128_def.xml</File>
    <File>o-20231128_lab.xml</File>
    <File>o-20231128_pre.xml</File>
    <File doctype="8-K" isOnlyDei="true" isUsgaap="true" original="tm2331528d5_8k.htm">tm2331528d5_8k.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="43">http://xbrl.sec.gov/dei/2023</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>
{
 "version": "2.2",
 "instance": {
  "tm2331528d5_8k.htm": {
   "nsprefix": "o",
   "nsuri": "http://realtyincome.com/20231128",
   "dts": {
    "schema": {
     "local": [
      "o-20231128.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://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd",
      "https://xbrl.sec.gov/country/2023/country-2023.xsd",
      "https://xbrl.sec.gov/dei/2023/dei-2023.xsd"
     ]
    },
    "definitionLink": {
     "local": [
      "o-20231128_def.xml"
     ]
    },
    "labelLink": {
     "local": [
      "o-20231128_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "o-20231128_pre.xml"
     ]
    },
    "inline": {
     "local": [
      "tm2331528d5_8k.htm"
     ]
    }
   },
   "keyStandard": 22,
   "keyCustom": 0,
   "axisStandard": 1,
   "axisCustom": 0,
   "memberStandard": 1,
   "memberCustom": 7,
   "hidden": {
    "total": 2,
    "http://xbrl.sec.gov/dei/2023": 2
   },
   "contextCount": 9,
   "entityCount": 1,
   "segmentCount": 8,
   "elementCount": 71,
   "unitCount": 3,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2023": 43
   },
   "report": {
    "R1": {
     "role": "http://realtyincome.com/role/Cover",
     "longName": "00000001 - Document - Cover",
     "shortName": "Cover",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "AsOf2023-11-28",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "b",
       "span",
       "p",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "tm2331528d5_8k.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "AsOf2023-11-28",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "b",
       "span",
       "p",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "tm2331528d5_8k.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity File Number",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Documents Incorporated by Reference [Text Block]",
        "documentation": "Documents incorporated by reference."
       }
      }
     },
     "auth_ref": [
      "r3"
     ]
    },
    "dei_Security12gTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "Security12gTitle",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Title of 12(g) Security",
        "documentation": "Title of a 12(g) registered security."
       }
      }
     },
     "auth_ref": [
      "r5"
     ]
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Bankruptcy Proceedings, Reporting Current",
        "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."
       }
      }
     },
     "auth_ref": [
      "r6"
     ]
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "PreCommencementIssuerTenderOffer",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre-commencement Issuer Tender Offer",
        "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."
       }
      }
     },
     "auth_ref": [
      "r7"
     ]
    },
    "us-gaap_CommonStockMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockMember",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Common Stock [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ClassOfStockDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ClassOfStockDomain",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "auth_ref": []
    },
    "dei_DocumentFiscalYearFocus": {
     "xbrltype": "gYearItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentFiscalYearFocus",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Fiscal Year Focus",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityInteractiveDataCurrent": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityInteractiveDataCurrent",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Interactive Data Current",
        "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)."
       }
      }
     },
     "auth_ref": [
      "r16"
     ]
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period End Date",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StatementClassOfStockAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementClassOfStockAxis",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Axis]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_AmendmentDescription": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AmendmentDescription",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Description",
        "documentation": "Description of changes contained within amended document."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine3": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressAddressLine3",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line Three",
        "documentation": "Address Line 3 such as an Office Park"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityShellCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityShellCompany",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Shell Company",
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_PreCommencementTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "PreCommencementTenderOffer",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre-commencement Tender Offer",
        "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."
       }
      }
     },
     "auth_ref": [
      "r8"
     ]
    },
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r4"
     ]
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "Security12bTitle",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Title of 12(b) Security",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_CountryRegion": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CountryRegion",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Country Region",
        "documentation": "Region code of country"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCurrentReportingStatus": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCurrentReportingStatus",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Current Reporting Status",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "TradingSymbol",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentShellCompanyEventDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentShellCompanyEventDate",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Shell Company Event Date",
        "documentation": "Date of event requiring a shell company report."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CityAreaCode",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_WrittenCommunications": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "WrittenCommunications",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Written Communications",
        "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."
       }
      }
     },
     "auth_ref": [
      "r18"
     ]
    },
    "dei_CurrentFiscalYearEndDate": {
     "xbrltype": "gMonthDayItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CurrentFiscalYearEndDate",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Current Fiscal Year End Date",
        "documentation": "End date of current fiscal year in the format --MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityPrimarySicNumber": {
     "xbrltype": "sicNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityPrimarySicNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Primary SIC Number",
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_DocumentFiscalPeriodFocus": {
     "xbrltype": "fiscalPeriodItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentFiscalPeriodFocus",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Fiscal Period Focus",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityExTransitionPeriod": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityExTransitionPeriod",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Elected Not To Use the Extended Transition Period",
        "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."
       }
      }
     },
     "auth_ref": [
      "r19"
     ]
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_OtherReportingStandardItemNumber": {
     "xbrltype": "otherReportingStandardItemNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "OtherReportingStandardItemNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Reporting Standard Item Number",
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_SecurityReportingObligation": {
     "xbrltype": "securityReportingObligationItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SecurityReportingObligation",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Reporting Obligation",
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r9"
     ]
    },
    "dei_AuditedAnnualFinancialStatements": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AuditedAnnualFinancialStatements",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Audited Annual Financial Statements",
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "o_Notes1.125PercentDue2027Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20231128",
     "localname": "Notes1.125PercentDue2027Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "1.125% Notes due 2027 [Member]",
        "documentation": "1.125% Notes due 2027"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine2": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressAddressLine2",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line Two",
        "documentation": "Address Line 2 such as Street or Suite number"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityVoluntaryFilers": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityVoluntaryFilers",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Voluntary Filers",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentType",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Type",
        "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'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityWellKnownSeasonedIssuer",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Well-known Seasoned Issuer",
        "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."
       }
      }
     },
     "auth_ref": [
      "r17"
     ]
    },
    "dei_DocumentShellCompanyReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentShellCompanyReport",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Shell Company Report",
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_Extension": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "Extension",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Extension",
        "documentation": "Extension number for local phone number."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentAccountingStandard": {
     "xbrltype": "accountingStandardItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentAccountingStandard",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Accounting Standard",
        "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'."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_EntitySmallBusiness": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntitySmallBusiness",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Small Business",
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC)."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCommonStockSharesOutstanding",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Common Stock, Shares Outstanding",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StatementTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementTable",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement [Table]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes1.875PercentDue2027Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20231128",
     "localname": "Notes1.875PercentDue2027Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "1.875% Notes due 2027 [Member]",
        "documentation": "1.875% Notes due 2027"
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodStartDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentPeriodStartDate",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period Start Date",
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format."
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes2.500PercentDue2042Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20231128",
     "localname": "Notes2.500PercentDue2042Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "2.500% Notes due 2042 [Member]",
        "documentation": "2.500% Notes due 2042"
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentQuarterlyReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentQuarterlyReport",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Quarterly Report",
        "documentation": "Boolean flag that is true only for a form used as an quarterly report."
       }
      }
     },
     "auth_ref": [
      "r12"
     ]
    },
    "dei_EntityPublicFloat": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityPublicFloat",
     "crdr": "credit",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Public Float",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "dei_AnnualInformationForm": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AnnualInformationForm",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Information Form",
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "dei_EntityFilerCategory": {
     "xbrltype": "filerCategoryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityFilerCategory",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Filer Category",
        "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."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_SolicitingMaterial": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SolicitingMaterial",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Soliciting Material",
        "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."
       }
      }
     },
     "auth_ref": [
      "r10"
     ]
    },
    "o_Notes1.625PercentDue2030Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20231128",
     "localname": "Notes1.625PercentDue2030Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "1.625% Notes due 2030 [Member]",
        "documentation": "1.625% Notes due 2030"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentTransitionReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentTransitionReport",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Transition Report",
        "documentation": "Boolean flag that is true only for a form used as a transition report."
       }
      }
     },
     "auth_ref": [
      "r15"
     ]
    },
    "dei_EntityAddressCountry": {
     "xbrltype": "countryCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressCountry",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Country",
        "documentation": "ISO 3166-1 alpha-2 country code."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Incorporation, State or Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes4.875PercentDue2030Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20231128",
     "localname": "Notes4.875PercentDue2030Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "4.875% Notes due 2030 [Member]",
        "documentation": "4.875% Notes due 2030"
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentAnnualReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentAnnualReport",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Annual Report",
        "documentation": "Boolean flag that is true only for a form used as an annual report."
       }
      }
     },
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ]
    },
    "dei_DocumentRegistrationStatement": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentRegistrationStatement",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Registration Statement",
        "documentation": "Boolean flag that is true only for a form used as a registration statement."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "dei_NoTradingSymbolFlag": {
     "xbrltype": "trueItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "NoTradingSymbolFlag",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Trading Symbol Flag",
        "documentation": "Boolean flag that is true only for a security having no trading symbol."
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes1.750PercentDue2033Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20231128",
     "localname": "Notes1.750PercentDue2033Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "1.750% Notes due 2033 [Member]",
        "documentation": "1.750% Notes due 2033"
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentInformationLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentInformationLineItems",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Information [Line Items]",
        "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."
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes5.125PercentDue2034Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20231128",
     "localname": "Notes5.125PercentDue2034Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "5.125% Notes due 2034 [Member]",
        "documentation": "5.125% Notes due 2034"
       }
      }
     },
     "auth_ref": []
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-23"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "g"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12, 13, 15d"
  },
  "r7": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r8": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r9": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "15",
   "Subsection": "d"
  },
  "r10": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Section": "14a",
   "Number": "240",
   "Subsection": "12"
  },
  "r11": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 10-K",
   "Number": "249",
   "Section": "310"
  },
  "r12": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 10-Q",
   "Number": "240",
   "Section": "308",
   "Subsection": "a"
  },
  "r13": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 20-F",
   "Number": "249",
   "Section": "220",
   "Subsection": "f"
  },
  "r14": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 40-F",
   "Number": "249",
   "Section": "240",
   "Subsection": "f"
  },
  "r15": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r16": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Regulation S-T",
   "Number": "232",
   "Section": "405"
  },
  "r17": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "405"
  },
  "r18": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "425"
  },
  "r19": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "7A",
   "Section": "B",
   "Subsection": "2"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0001104659-23-122044-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001104659-23-122044-xbrl.zip
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M9NQ@ N56AO$"4ZJW*R'6Z&[8M?=)"@@]F%U]/S&NGO2,0@U<S?78N/@J224
M, =SJXK*$0F/U"1"--"C8NR3$D;HD 8?OH<&5RQJJD!NZA__)>!@[N8H12Z@
M79,X1#0#>*VNU>RDV3'W208 /"B%XP6A#-[_,1*-A=@8^R=#!3HH@J.,>I@(
M4<)F[9$@:Q]DL&,'=7"40U\Q2>1:[[7_F@"KT\JL:N4#[V;,(-^.$N<,5;&F
MPJ0^5F#CO&SI#^\FW"#WCA+F#-E0A2(0';$(KW[#:QOY%5-_V#<"!^EWE"AG
MT&X%62*Q'I.POL.IVOHC@!DYJ("C[#C#=H]6HT@%1&8D.ZE3+P3@XH\>U@!
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M$J>J_T%]EU_7/_2?#U17_@902P,$%     @ VH%]5[@);TY6#0  5Z<  !(
M  !O+3(P,C,Q,3(X7VQA8BYX;6S-G6MOW+@5AK\7Z']@IUB@!3*>FYULO,DN
M$B=>&.O8;L;9;1L4@4:BQX(UHD%I8OO?EZ0N(Y$\I)R-2>9#XDCOH5[J/"8I
MC73FU2_WFPQ]Q;1(2?YZ--N;CA#.8Y*D^?KUZ--R_&9Y='(R0D49Y4F4D1R_
M'N5D],O/?_T+8G]>_6T\1L<ISI)#]([$XY/\BOR$SJ(-/D2_XAS3J"3T)_1[
ME&WY%G*<9IBB([*YS7")V8[JP(?H8&\^7:'Q>$"[O^,\(?33QY.VW>NRO"T.
M)Y.[N[N]G'R-[@B]*?9BLAG6X+*,RFW1MC:]G]9_JO!769K?'/*_5E&!$3M?
M>7%X7Z2O1_RX]6'O%GN$KB?SZ70V^?>'TV5\C3?1.,WY>8OQJ(GBK>CB9B]?
MOIR(O8U44=ZO:-8<8S%I[+0ML[VI0=]Q4J2'A;!W2N*H%&FW'@:!"OZ_<2,;
M\TWCV7R\F.W=%\FH.?GB#%*2X8_X"HEN'I8/MPRE(N4DC.IMUQ1?Z<UDE$YX
M_"3'ZZC$"3_02WZ@V7-^H+_7FT^C%<Y&B"L9'V"_7O;:JH,FKLU>8)J2Y'W^
M;:[E:$_VV>\.+?]$![KQSKMP2<HH^R;SW4CGML_PMYWQ79S[,\W&>?QM9[H3
M^22V2]7RHT^O_KQF?.,I^ZEG$=^7; +#26.2-V$8@<41Q,10M]VV3N)>NQD?
MS0E5^\YG1M'F552L1,/;8KR.HEMV@/EB@K.R:+:,^19Q$NH-7_C<B#<X+X^R
MJ"C.KY8EB6_>W*=%<QS1R=>C ?J)W $>^88VO8AH;#D5M6(2$S:1W9;CK#KI
M5?@5)9M!-NIS1@:(OV2KMOWJ)#,+0$=Z,HH+LJ4Q?E2.N[T9>E9KAYN,1? %
M&\['GY:CGX4,D2LDA.@SE_[OU637M!>6V+)O0W)AZ0/>K# %>JO1N60'M-EE
M1A$%PPKD3&%$Z!I"*NF?9H2(K,]F\Q]%YLF7,U+B8K8WFQ^P^3YF!+_;8B9Y
MH07 +G?!P5#3' >;UCL5 PW*< C]#TC$HF2+$8]X<DI^?/$H2D"Y4THLIGN4
M -IP*#$;5"EA>N>4/.^3O)B:*0'E3BFQF.Y1 FC#H<1L4*7DN3R6+*9/3,F^
M3+*9$H/<(256TQU*0&THE-@,RI3LJV/)DU,RVWMQ,.UY7)C'$E#N="RQF.Z-
M)8 V%$IL!M6QA.DE2A9/3,F!O'9:[)LH,<@=4F(UW:$$U(9"B<V@3,F!NGI=
M[#\Q)?.]@VF/Y/VYB1*#W"$E5M,=2D!M*)38#,J4"'V?DOWY=Z/D^]UYNXQ6
MNUN:T(VA6N3E'EO/H/;&FE!XY\1H2Z:C%:'/0O9]@2APO+<F7R<)3BL6V \[
M!-A_OKPC\98?GG]023?B<[K3-,<GS)1\[]4N=X'%4-,<$)O6.RH##<K0-"&H
M$X,^\R@DPGQ!=,E:-/2PVNT:DJXI&0J^+R@(.H; I'.-XP2_80=.^,&/LVBM
ML2_M=Y5BK:TFQ[V=0219YTC.<JM!7.0KS>]P$=/TEH\KIG[T9,Z3KC&IY+ZC
M"0L!U1A,0D?K:6#_B-=I45(QT;0K%L,P!NA=#_U&V_)<H!4' <T0A^!LT0U"
M;90GCM[D^3;*/N);0DWX]&6NJ=&9E&'I:H)B1&,,1*/2HDKLB8A_;2-:8IH]
M6*%0E*ZY *S*:$BRH.C0>P,!:>5^&;FD45ZD? "S0J)*G5]N &:52P])%Q0G
M@#GXDJ35^R5E>8VSC#_V'>7V 44G=DT+;%CF154&10QH#V1&1* Z)!QLWG_E
MJW.V3!K8V8[>)SR*;1,_K3A8A&2' RD288C'>2*I\[2YA2%%Z9H>P*K,C20+
MBAB]-Y"52HZ$WC\D[_-D$"*MS@\@DDT]'K4H0#CZSFQH,+5/,([3(HZRRLLQ
MVV;Z!$:C=0T(:%>&1!$&!0KD#H2E"FB8$2%>@?D/CN@P7#I*/[ H5O6HM+(
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MJ I&G6A/UV?%K@H@3MX^?,17F/+W#B[Q??F6'>C&<(4Q(-;UU=O@[L@7<];
M("!\K%OH4J] W0;0BC\C5C>!/O-&D&C%^/WE3Y!)\N6,E+B8[<WF!Q>8G;.\
M?+?%C-L7'[!\!673?DE(["Q?27U>=0]##C0JITKH?T B%B5;C'B$KWP\[UM?
M3 WY +3AY<-L5,W'<SD?BZFO?+PXF/:L+PSY +3AY<-L5,T'TTOY6/C*QX\O
MAH]7@#:\?)B-JOE@^C#&J_G>P;2'TOX<S >H#2T?-J-R/H2^GX_]N9]\[,LH
M&>8/4!M:/FQ&Y7SLJ[\?ON:/ WDILM@'\P%J0\N'S:B<CP-U?;78U^2CN^F4
M_<0V-YO87ZNHP&S+_P%02P,$%     @ VH%]5X/>9@*U"   R6P  !(   !O
M+3(P,C,Q,3(X7W!R92YX;6S57=MRV[86?3\S_0=5YUGWN$G<^'0<V>YHFL2N
MY::7EPQ$0A+&(* !0%OZ^P+4Q9)( %MV+.#DP9&IO8&]U@)!+A*D/_PRSVCM
M 0M).#NK=YKM>@VSA*>$3<[J?PP;Y\/^8%"O2858BBAG^*S.>/V7__WPGYK^
M]^''1J-V13!-3VL7/&D,V)C_7/N",GQ:^Q4S+)#BXN?:5T1SLX5?$8I%K<^S
M&<4*ZR^6'9_63IK=]JC6: #:_8I9RL4?MX--NU.E9O*TU7I\?&PR_H >N;B7
MS81GL :'"JE<;EIKS]NK?\OT#Y2P^U/S8X0DKFF^F#R=2W)6-_VNNGWL-;F8
MM+KM=J?UU^=/PV2*,]0@S/"6X/HZR[12E==Y__Y]J_AV'5J*G(\$7??1:ZW+
MV;2LOR6.^*U*)#F517F?>()4(;NWFYHUPOS66(<US*9&I]OH=9ISF=;7Y!<,
M"D[Q+1[7S/]:O4VO B.J%D0/N@P;T5HFH-7G>E#J:HO4J<#CLSK7S7=[G4[W
MG6G\OSL1:C'3(U,2,[#JM=9.QS.!)6:JP/I);]A)P7.EQQ-.UPV9S@\I31%E
M$E8CIE-KF.&59[H__7$9N2IF70[ER4X%U,C ]["NAW1!ML1)<\(?6BDF+4.!
M^5!P4?"@?_E6='0^DDJ@1*U;HFB$:='^-QVS%])Z<55C)$?%.,AE8X+0;%D:
MIDJNMSS5N-KPS>QJV)!SAT9&J%*AJ\#]N/UJMR4]%[N5(Y&L&]8?=_0L#]]5
M1&N&A&ZOD4P)W0R%L>"9C;Y5A]Q9-1<I%GI2;;>_!]_^4; >>69R$]EZO..!
M+DI6#PIW1F#6+:SN4N\%L1*A^WU$>-&@[U,DY?5XJ'AR?SXG59KL8RZG_#^(
MXD>QV35"B;)=T@7/$&%V-:IB(Y/!-K3V%*E"LI(BG!(\RS@K2OJ,L]'3H;5"
MB'*H3X?-[O]*"MC'T3[U-IA;8^19 NR=%O%O7[C"LM/L=$]NL$@TA(L<ZY"W
M5G:Y+P-(<B\<R5X(K\OUN[>'<FW- '+])CS7'M"OQ?5/NQ+WVEZNK1E KD_"
M<^T!_3I<O]F7V,NU(P/(]4^AN?:"?JUQ_?:DO=-MSSNNK1E KM^&YMH+^G6X
M/MD_3/3>>+AV9 "Y?A>::R_HU^&ZVSQI[TC\INOAVI$!Y/I]:*Z]H%_*]3,O
M#-SI%MT7 I810)Z_.\U>,V_U_MO(CDSNN>X_-35<432I9G<O!$AO)P)^*\&%
M(O@"RT20F:G9P_-.9#"+^ *Z*Z &FC-N\828JYZFE,WE!O<D8DD)YB*?/ZTX
MP0<2Y)RQ'-%;/./"H\-N9#!C^7SZJZ &8OWW' F%!5U B"\%!S.:S^?> CC4
MF8M 3!)3.X3_<G0P]_F"4QH+Y$ *#*>84G/G'C'0/E 5'\R7/E\%.^P(=+A\
M,*<*^K $EV(K)9AS_3YJE, '$D3[/,)3?78@ %*4@H-9VN>+8 $<E/Y+ED+)
MWX2";5ATW.^A#<3\%9$)HLN*KO0VSQJ#BG"H C$X82_JH"K\C9$ :[ 5#%4@
M!G/L07QD_ONY$#O%.*<@>S14@1ALL0_SD26X9(JHA5E3^B6W7%+68>4H*.4Q
M6&$;QB!4KR^',&56SKKHWH^$4AZ# W9A#4)[7]<N$!VP%,]_PPL7[Z50*/$Q
M.%\GVB#,WPB2(;$8DL0_PY1CH=S'X'?=>(.0?X?F@U0C(&.R7*CNU\": I4B
M!K,+0A]$D0%+N)CQK>OA?9[KO771YZGS<.!)A*H3@PL^@(D@&IVGJ69/KOXS
M2#HN92K#P7?,HM'#@3H2%;J'J="%JQ"#._:BCD2%WF$J]. JQ."0O:A#JM#7
M'Z_%'7^TW+RW!D,5B,$A>Q"'Y+\X2EV+&\$?R/))0)\(I0RH$O$89S?VH+O#
M\GP!LB^L(Z'TQV.BJ[&&I/V&2X7H/V3F.V6MCH=*$(^==N$^]B73Y3 P5U9L
M*[CV0J!TQ^"@*]$=FV$CN,#(/KAW(Z#\QF"+J[ =F=Y/W-SZF7+FO.!<CH+2
M'(._M6$\]J1MGLN7UGEBZVOPLL((R"VA.C*K?PJB= 7F6<2<K:XK66X96D*A
M;,=@2IUHC\S\D%.2$$78Y+,^%14$T6K:J^*@G,=@0>TXCTSXC<!&>*Q/]XO5
M=.8M'^)Z/+;-VJYXJ  Q.% _[K!"#*3,L3A4CHHLJ"@QF%$H!\>>E'"2ZSER
MT>F.[LQ[;"Q34BD*2GT,1M2&\<A4?^%W IFW:@T7V8A3^[-"E8%0PF.PG0ZD
M1^9\IXYJMO="H#S'X#<KT06:0"[GR12Q";8O"ZF.A/(=@_]T80TV;T] \_;D
MP'D[!A]JPQB(ZN7:?[V_78\HF2#[,XC.!/ S6!$)X$!^[ =!B\?!MLJ_TA^J
M5;"$0OF/P;TZT1Z;^3PE"J?+DJX(0RS1SF[S1*3E$H(_"ZI'#,X6RD&0NQM_
M8DI_8_R1#3&2G.%T:3%<-SBL*5!18G"[(/1!%/G*::Y)$\7:76'90RRA4 5B
ML+9.M&&6RRY7J6^.6\OW^[H$L&5 =8C!YT*P!UHTJ+!Y:2IYP!=(H56%+CEL
M&5 Y8G#!$.S!'I<0?7W0FG#WZH.]0"CY,5AC!](@G \S1.G'7.J2I7,BV@N$
M<AZ#/78@#<+Y98;%1,^ OPK^J*:K9X9=W%L2H!K$X)D!R,-H,7]ZF<'RR4FG
M$!71X!=HQ*."%7.H]\8DB5FALCPI8"D2%A%<\5 98O#/?MQ'%N):3;'8/C,K
MBC'ENU:3^+.@HL1@HJ$<A#E,;[U=PGF4WHF#TA^/7:["&>;QNGQ$27)%.7+Z
M@9TP*-WQ>.,*E$'8_HC8O<AG*EG<")Y@;.X>R<V^"/!EP :@"L7CF@]B)LPU
MC:>WQP^GF@-YG:OB;S+I^IQ7-IQY4*7B,=00'@*=7\FG9P)Q^G%QB\=8F 4?
M=WBN/NJ.[MVG6X!TJ%PQ6/"#6:E0[4.K!%-W>:^_77UC?IB_.Z6W_ M02P,$
M%     @ VH%]5\Z=GN=['0  E*X  !(   !T;3(S,S$U,CAD-5\X:RYH=&WM
M77U3V[K2_Y\9OH-N[G/NT"EY?R$!RIT0 DVA0!,HI7-G&,56$C6.G<IV7OCT
MSZYD)TYBAT"3EG/:<^\Y@"VM5OORVY5DKP__.^H99,"$S2WS72R=2,4(,S5+
MYV;[7<QU6O%B[+]'VUN''0?:05O3?A?K.$Y_/YD<#H>)839AB78R72J5DB-L
M$U.-]D>A[3*I5#KYY>-%0^NP'HUSTW:HJ;%))X.;W6CZ>'?2M"D,/M,4K_B#
M9),+I.&N/NT0;%Q(JILS39W0IGG5U/&;<MO*9=)[R_A0+28=1E%MT\@SS)!]
M.:Y?3)L[X>VG39..H*;=LD2/.J!#I)2/IS+Q3"% )&XS;880_)UH6X,GZ13C
MV;1/9T$YLS/%VTUJ3R2NLSEQ^V/"#>B1R?H-!6M%DBTDX:[?T+7C;4K[D\8M
M:C=E0^_&#%6X)BR#V:&MY9V9YKHCXLZXS^QP5N!V$F]CGTP\E0V(1;-<TQ'C
M\+EZ-V>&LH6SR!1<G&ED39H(1@UGS,$I>RP!_Y'-TNE,,2;]DE$=?A+\Y]#A
MCL&.#I/J)]SM,8<2I!-GWUT^>!>K6*;#3"=^ W.)$4W]]2[FL)&35.Z;Q'Y)
MC^SAO^)Q<LJ9H>^3!G,.R"7ML7TRTD<'I'8B?WE(92H/MXV_,B=GY?(U_$#V
M2#R^:N]LYL%ZF)_C@S_'9Q#*%2>]7M(]7WI@8)DP ?A_N<=,'?YU3@W:?FA1
MPV8O)54U01OC"M 2U*B9.AN=L_%#"O[9RQ3VGL7B7N:A<?5PH^C^[X3UG5,.
M=@Q_</1@4H3?SDG%0C@G-ZS7-ZC#[/^]??L6;M2OKK!GU6 X+_@-+O_OQ-)<
M_+-F3AS_ O"@YK">G8 Q[6=P5S@&,SAY2#]XD*?8A$O/H0$S[%#![(?,@T1X
M1<26UYY#YP1YN?9H91=8BB3>M/0QL9VQP=[%6N =^R2=ZCODAO>@R24;DKK5
MH^:NNK +# C>DGZH\X'?3^<V2'Z\3TS+9/(F'^VC0S&!GBK_XKK.3.FW^"<T
MO 0]"*XIEQPY=<3$LGW50DN.I]-Q<'=BPDR!/./[,_89.Y(&>IB<H?1RXJ$6
M&SN:FFSH2,F9:>' @-Q,0#+!;-4" \2^+2,_<$!D.-_O2/2WXK[')D:V'O/N
M(>"^B]D<#)DI8/+&F:6LQK(M5_A#03.IX'UOPH3K"Q/V0=-ORN2L)U<GU[F.
M=UJ<"2)Y9Z%QM%([GY70?.?I<,G0\;S1^B!02U_D I(9X9R .Q]-I^!3FMY;
MZ 96$M')OS//U@P#_D5/C-&R/156;SK&]+<'+S(_5*Q>SS(;CJ5U/[)>DXE?
M)O^I2%D;/2APP[NE S.COL$U[BA>B0[>;JH,V9O0?L,!Z6'_BD%ML"PYM?*(
MV[$CO\G"G ^3H>2#K"7#>?N]C$9S;0=R@$L+HE<ZD<[DKQFXMNF<N Q:[?WC
M#<C:7S[U/W;T$CLJ[OVV=A0Q]3]V]!([*LPZ93;U^]A1Q-3_V-'S[2@W[Y2_
MCQU%3OV/';T$C_;RJ1EA9G\7.XJ<^A\[>KX=Y>>3S6SN=[&CR*G_L:/GVU$F
MD4_-.&4N\[O84>34_]C1OFMR942WC9,%2^@Q:KN"'7F[M/O0QB?FWYH= JE%
MT%=;OI%#>$*0C5X\QG1K>6$<G0_ !!=EBWWE=BEU++%H@<^0P3R/850#@YXP
MT^IQ\ZEAGY;+_+AAA/W[,U)8$*BWA1O8L%6;Q_X.^6$2^L-/_-]AW]]5[U'1
MYN8^2<6._O/O="%U<)CLRT;! X&Z:[#X-6W+TYK@GKSJ'7>L/E X(-Z?3<L!
MX))7AEQW.KC;G_HK-M.S:0E@2_4\-JC6)9F^0VS+X/H!\6[Z=-3]]/0^'B'$
M;?[(]O'JE'.<H/?? /?)&?9GI[_J8<1D;FJJ?6=R0?!VQPF=/39"EXU3@[=!
MQ 9K :\3^?Y"'N8T/<])<55.Y  X;' (Q&F,2X=VGYI!RK[&<JBRP^;1+5@N
MTXF, /9A4\BCB ;37,$=SNSM+6KJI#K2.M0$U>&V+[<Q>!PFFR!%I+X&82Z?
M0O/HCMH=;K8="_J?)"H)DDGE<R7%PJ;']M6T9*R?I*I32_2(:H5(C8>!I51:
M'L?&X_YI)QY^/VB3P^+IL?'C<?6^T:LT/IF/62#WDL.SX!BQHV+\?/ZP;&(0
M3]O&AF66\F06U-XO9<A7XJ''Q8*@FD_TK;A"P"#;6W76MX0S0V&C/O $3JW-
MT:Y=8;O4=(AC04<-S^M).DLL0=+Y'?T-L5K$Z3 %462*4%-P*FL.-DJ7LKD?
M%<LBB]&X'X#YGR0LS%=QID):PCZ9V,X4%O)SL' ML]FJRG7#\>']A9M*MRN?
MTM^-9^&#>KKB78R/G'T=UQ'0MJ/3\9A!PF6&X<<,,[&C2VN@5B:9XBY!RDMA
M9:.2W?%%6Z60UC';(=4!W"+*YYC^YC4:U3J1:VI!IYX%J2<FZJS-;7R*SL%'
M4L(-Z$3_6*2?G4ZFFXDMA<"7/[@QRT;LJ%XM7]S<;V_5+BM7'ZND<E6_OJJ7
M;VI7EXLV]-/RE0V;:'5$ >A0,@H#?(D0:A.[SS3<(= )-[>WN&,3P$8P7/$J
M#->A38-YZXIWL50,B!D&J$23#^1Z?_>IKOM_/YO3P$IGLH#1+,.@?1LLT/]-
M/K?D^$N[0T?W!QHPX7"-&OYD8783FMG<7RN&_-6>JPH![=2,R]5,S1( ._+)
M-9F?5]0#EQ5+C_# FIT[*_8KM5XE_U((QZ=I<2/%87UA#=#*9C%\!=YB1Q^I
M&!NP<%@E/W3TI_6@C&JJWK^FIK5*]QDU9C:NQN*,&O$Q1I@_Q+=PG7UNC>\;
MWXJ/AMEZ85H^/T[L*!U/9[-[N3_B=\8W=%3S]DTU::W+=-$8,\%N6MUC\X=4
M$3%F["B;C:?RQ50Z55A1-? ?\2RP6J-H=Z1?8_Y]!7FW(!\@X;9UKA)SJ^4E
MXC-((!N+-C7YH_S[S0O,[ 6VM<Y)3W<X"'H44:I;_T2&'>ZP. 8_A@_3#@6%
MB6Q\=K5Z0W%2[?4-"ZR=S!HJN;02;\(,,"EC]]$:LIJ?M:!\:F=@'C9.9F"C
MK.N"V;;W Y\;3X=#1N_F_O2Q>K9GWGS[(<P(&1!P/%TJY4G5(!7:XZ8%RQ!J
M1"#'[L+.4#%L0A7X]4K<6$,S?#I#L(F>];%6K'77,9WI<+&C!G!WPEG;6GD&
MIV$SD*AT):XA.^&F%I$(Y2AS.X5,H6/E-IL(A3,5.ZJ .0(QD].(V2Y,MA V
MV6L+.#"^\GYTSO<I)1['9[=?N]6U&.#,B+&C4B:=344%*V^W&(/6CM<=ER1]
M 3+@?6H0-F*:Z_ !KE0 8IC]9MU+L->")CM1WH<>4!:,1BOPKI@[<8L]R]&?
M9ZM3!0;'B!T5\PLO,7A2?[-@=,<>EQ<61)WKCF4N356-_&GZ,C_ZSD^:+^1T
M?IS84::8B^=3J55LS+NT,]T$^,^_BYGTWH$-.C-8'\D24]+=A?6O9KBXD"04
M) /LZ>R'UL"OTNHND^4P 2&*06A76P2">']2Y:$@FA91.Z:0C"!:$8/:CK>9
M^+>1T3?7AK1E#$C;85H7=X8)[0-2 _A@UMJT1J3)#&N(L\6;>'BB&"K&STF+
M&V :VUO<!D-QF*F#+!P+Q-%S#8>:S')M8TQLR(GLUECV5SV(U83AO5Q7$0YL
MP+A !^1LCOU[+<L %K ?QA".6:6]OSD)J_V5^4V4^4V6'SOP?/I\V1$K)^L3
M)2+ST]18D4LE,GENAI[>1FQVWPGN@#(QA7=-+Z.U(]*VIM.J56_O^65K=J^R
M!9F6,=XG=R N%*$]>]"M/.]EF^--RS(8->4+;4%0#&5;*;=X$+E0Q.1\*K-0
MJ7J$@<$@9=(/'+3@J;RRHEPF[QDP6F[P!!C/57;2>Z1R6B>9;"H!+=]XBQJY
M/)@N#M9BU*_+G.7B^V<;M!^6&Y9\I JF^A% #9#-"+=FD1ETKLO#UE[WUUOS
M(L^KF/*,O$(E.J4+*E.$(RPYG:/Q="9@S#,GA!-+SJ42JN6;\)7N/]*<?YHQ
M+[7"Z-.F:\$0!_']5_FD 89F<=5J1:6DO?I94V=7]9MZ9^V6',W+DQ:].D;#
M('$M,,IJ8)W.Z?',3O.-^DM:^O;6$Z:N>OP^R/U:33T7;NHUVW:9>-+@/WQQ
M[LYNFL<W@_2F#7Z!HU]O]ED6S^UHSS%[K\<FS7[-ZQP(==.'6]3J@@E8G_07
MGX_QI#)% JNEY %BV. Z8R-(\8O.@7%3?CE.-*G6;0L+K U)6&*?R+U[__'H
M@*4_]<3L$^=JV<*J9V,3F'E"# NYW@T6SU%\PQ*54:U#-'SD?^GQAJ<)_P'7
M_/SCK/XC =XT\(0O5) ^'<1.26;Y"<E3T@QCZPD)9\+/\$-96Z/0!=7E;@-.
MT![WFI;Q3Y7WS%%ON#EO6-CX7-#$P*MHX)/8<&62NPZ'*_Z>67T"KB%'7D\!
M0YC_AR/%2IG#BL?=<[E$R5\HJH@Q3F>:TL5#<P>_8 DTCWK?)]!FH<+'P^.X
M6[APM=N[8V=YLOV"BBG!!>3<7&)'JKD2M^RT2_XOE4BER345Y#,UW(7Z0/@B
MQD).LI*C/=-IPDBL9 ;/<8:7V8:_I/+@IR&!9S.&\>&LZ6H?VJ<?OA8V:!@S
M$XD=7:V0AOXLE?]<S9[,>;V/<)&/9OZX@JOGG?>IP7#07'[(^!(%SY^Y,IC-
MXG%KV%P![4%D]Y;H*EB80/TJ"Y354/XYZ=_&4#Z]=I17;[7&X\MK\3P\:AG1
M'F3/KMWR"QU[M7)'2]%?=ON+2!)$=QD^(K[WV_K^FE%]54.XNNX5B^+2.BTM
M/_I=GR',HWUFK_S;*KVZ$<!?5?<GMU_KC;1ST?V\6=W_"01/V4%YTX$@HIC6
MP^/YG=%_;V2'7S^S==A 5+VR)P(!=/L3".:6?IL)!)&&<)I*Y5NN7NRL)Q"L
M8 B+@>#XMU7Z3PD$D;H?-FX_.[KVV+U:2S88J?L_@> I.]C;=""(J(;W\'B1
MMM*#X_S[#]WE#PC_8,'!)P)!87Y%$/V0ZC\>$XH;#021AI Y/^O9E2P];2Q_
M;'5]AC ?"'YCG<_O"&PD#D2J_JR>SE6X,[HM;!8#_O%QX*<!>F19RH='NWU?
M'>]=?KJZ+/ZX,J,K?RX%]-QB9K_$N5^K5T^U6=D@)"]1Y<=6M7V2&]ZW/ZW!
M+U=2Y2(D1V_2O'ZU93>/JDNTU[_,N)]'QMF7N^7U>7Y4>S\357\5G&8VG1]'
M5&>%M,AECXWCL[U!?6\=L3&J .X3^3%TFX/3Z*(JK]\O\QO-<"-5.3)'=;-0
M:9FE%QYZ/5N5"W":_0.G+]7>^W[%^EK-G*6/E]=5^%'M_0YPNN'L-+)(\<-C
MTSVK&HU/A>N3-6@QN@[T4CC-+QY 9J-K:[Q^O]PDG"Y1Y?NF/K)3G4*-+B].
MLSY5+L#IWUEK/P%-ERAOW'5*Y\5O5FVXAEBX1'F_ YJ>;A9-(TMU/SR6SCYG
MG7/>/-Y;PQ(CNAKZ4C25W6;1-)?Y!_CE)M!TB2HK1J?TX5OF-%59PSG<2JJ<
M1]._M=;F%X@;0-,ERM,J)Z/++\.JN%M>:O-'E??+T/1UE0L*>0-I892:J>/+
M1XPTQT23)06@01=0GLGB5W-O^G.;@#F!%2"--H'(,'0ZVUN:U>OCZ_\4D(VU
MN"GK, ;?L4[E_=( @7=\IG5KLV0'&^X=R->L_<9<5G'L8Q5'+.<0>!TJTXQG
M%@EN;X65Q)V0QK>BIAT#Q!.O]XVAUUK#O>I9P/:6,@'B6\#RZCY^MS/9J:+Z
MA+_O=_/YZO2F?5-L6ME?_FKW$N:??#7P%5G62G#0"G%P7[M8768.+;:W)%SP
MA9H@'< "9C -B^R;EGQYS[69; 5L>)5'\.OT7!8545\=06W(P8PQCC[D,#9:
ME0E3@CN"#;@-_0!AJ*GAB_!4DQ]CEY9H.]34J=!M571$7_KJ8':'3EX=7'A7
M/D%6>L'5U_SKTW346X?/_:I&-J3 ;3J#%Y_Q:8W JU2AKUH%/KWQZSZML516
M.,0!M/_NXFN[0%:-)[.TQ:E'OD@6E*R2XIQH"Q*[%K^.,EM2V/^4RL+P@M%N
MO,G AX#'ON0Y.&0A0IG/'3*H@34+?_V6WSS"[]Z3(KXUI<IYRL+F]EIKJL=6
M_%[&6BH_>1<!B1D2327RW(15"9:P5.7D%2-^3?E=?-V/&LY85BSMX:=,IF5+
M=Q#YL)A8)G7@!33Y5_K@#9%K"IG( 7A2A%( 2$!PVA9,O;HNX?D.7V$FI\"V
M%<SM:MC;E*, 3%_P'GYM!7@YID(SZ-@FQ]3LDNN+RBXYOKS&%]IXDX(8/C(A
MN $]QJ;6F:."7V2I'U=(U156GTV(8M8I6%\P&YBB6'7/GIE8??:>/\'M+0_Y
MY>OT0^";"9L8^&*DCM<%X[,"N@VT\XGLSH28H7S+$KM4_(08A25+;'$L*B"G
M8(/$\ JV"]+<WD+-90^RJ12!6&.@@F@;"+0QX$Z+"](>ACS,8K'.>3[DS"LM
MQU'4<OGG4"LD4H#HVULSY$H)<M.1I0S!1B$LRT6 P[&_HR:G&198!HQPPK2
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M,./9E<\T$-<Y)@&30G0&>+&P>D2!%)O87((T+/F9%E65!T.]!<F5TZ%8\ A
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M0*61:+Y<:&X/<U",G[3E>.>@DD'XQ68SZU>8IZ3VBG<JIANA)=P(/9V$[T;
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M<A].D_HBD5_^FDQG+\!8JC]G><5?@1)X=X2Q28+?(XK_%+G?113_2'.TGC:
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M$%!"UN=(YJ<)';@JU7,IRJ53Z?=:<]EF;G>69/B"-Z^C,U#NLA'6N,:\:*
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MUWLE"F9_[21:<@M.4KM8TB3 *C_&?^+,BYCM"]>(S2XM:4%\^6#!W=%&M%!
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M LF(:R0^TH(AAN&-B7)P!JJA+1.Q8;:6A\OA/W=44X.Z167LM!85.H&+ZI%
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MACVJ8+K-5Q'OD+I-0O>B.%KJR]A>(I8B2#N$@D90/#90S._$PAH:GJ[LI40
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M5\2FLQAGJ\R=OC<U,(0\:CI%U+8A]"4OZ'R&(]F/=W=W\;]6UVW<&.PV30Y
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M\>[3)]$6)E-ADEV33N#N(]Y/6UG7BE'9[M@=(.N(\T_YF*9QMQSX[I!3O^?
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MWH2]B8A;><H5[#-LR+CYFL5W9_K?#1D.ZR1:KL0C#F( +=J\@D[.?V;CF@H
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MI<[7!X5WP)FD%BOK Y]XB?NI?8]U*,'SBAUL#;9C4\@]19!G59OGFE>1W'5
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MBR6&CBT$HH(](J!JM26!^COR8&O_2X%<TRP@*QV4I\HV)U 76CRHS29?$O,
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MA02$X<_67]\+U2-OX+0D@*[J&("-]NXC)RD<9U=&DR5!*TJNC7S%KJA;C_P
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MIJ<R?^3,,#OUWF/=1,\2]%%J;SQCKB_N,#ZB,&?-;>I%MQ-X)<[X+(0)L22
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MUAS*\_PF .W"4Y;OK!;GV(QNQJGH^I,H#@?I8DE@]G*6R']8-#^T_8\P"7C
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M_NI[$T\TDQL_RKPD\.#-S>;F6AS^]DZEJWW?!AXVME=85UNRZ&D%68 ?'.5
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M7N;/PN>PS9G4W#!W^ UI>CZ8E@%F'W-]7:)Z5LHT93U%T0\#+HK$*6Y@2<X
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MNU:F^(KS*3'E2S@EPRS4JY3LHE/6X890)0YE7S^.?<2I;^>HX_BI<^?C1/V
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M6X D>F\E'HGSW/2>9E-@E@BXL#=AZT8!HZ!02PR2K^Y]E6J\0SPA>R*-XEK
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M,C,Q,3(X7V1E9BYX;6Q02P$"% ,4    " #:@7U7N EO3E8-  !7IP  $@
M            @ ''#0  ;RTR,#(S,3$R.%]L86(N>&UL4$L! A0#%     @
MVH%]5X/>9@*U"   R6P  !(              ( !31L  &\M,C R,S$Q,CA?
M<')E+GAM;%!+ 0(4 Q0    ( -J!?5?.G9[G>QT  )2N   2
M  "  3(D  !T;3(S,S$U,CAD-5\X:RYH=&U02P$"% ,4    " #:@7U7#YQO
M\/'C  "L7 8 %0              @ '=00  =&TR,S,Q-3(X9#5?97@Q+3$N
9:'1M4$L%!@     &  8 ?P$   $F 0    $!

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