2024 Highlights:

• FFO per share increased 2.5% over prior year results
• Core FFO per share increased 1.8% over prior year results
• AFFO per share increased 2.8% over prior year results
• Dividend yield of 5.6% at December 31, 2024
• Annual dividend per common share increased to $2.29 marking the 35th consecutive year of annual dividend increases - the third longest record of consecutive annual dividend increases of all public REITs
• Maintained high occupancy levels at 98.5%, with a weighted average remaining lease term of 9.9 years, at December 31, 2024 as compared to 99.3% at September 30, 2024, and 99.5% at December 31, 2023
• $565.4 million in property investments, including the acquisition of 75 properties with aggregate gross leasable area of approximately 1,486,000 square feet at an initial cash cap rate of 7.7%, with a weighted average remaining lease term of 18.5 years
• Sold 41 properties for $148.7 million, producing $42.3 million of gains on sales, at a cap rate of 7.3%
• Raised $214.3 million in net proceeds from issuance of 4,716,754 common shares
• Issued $500 million principal amount of 5.500% senior unsecured notes due 2034
• Redeemed $350 million principal amount of 3.900% senior unsecured notes due 2024
• Expanded line of credit borrowing capacity from $1.1 billion to $1.2 billion and extended maturity to April 2028
• Maintained sector leading 12.1 year weighted average debt maturity
• Total average annual shareholder returns (11.1% for the past 30 years) exceed industry equity averages for the past 3-, 15-, 20-, 25- and 30-years