Since we paid our first distribution in 1970, and for 42 years since then, we've achieved many important performance milestones. In particular, from the date of our listing on the New York Stock Exchange in 1994 through 9/30/11 (except as noted), we have:

• Grown our property portfolio from 630 properties to 2,600 properties
• Increased our real estate assets at cost from $451 million to over $4.8 billion
• Diversified our real estate from
  • 5 industries to 38 industries
  • 41 states to 49 states
  • 23 retail chains to 134 commercial businesses
• Maintained year end portfolio occupancy above 96%
• Increased revenue from $49 million to approximately $347 million^{* (for the year ended 12/31/10)}
• Increased funds from operations from $39 million to $193.7 million ^{(for the year ended 12/31/10)}
• Paid over $2.0 billion in cash dividends to common shareholders since 1970
  • 494 consecutive monthly dividend payments
• Increased the annualized dividend amount from $0.90 per share to $1.74225
  • 56 consecutive quarterly increases
  • 63 increases in the dividend since our listing on the New York Stock Exchange in 1994

These accomplishments are the result of being singularly dedicated to our mission of paying monthly dividends and a consistent business plan that supports that mission.

* Total revenue includes amounts reclassified to income from discontinued operations, but excludes revenue from Crest Net Lease, a subsidiary of Realty Income.