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| The following table sets forth certain information
regarding properties owned by Realty Income at December 31, 2002, classified according to the retail
business types and the level of services they provide (dollars in thousands):
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 Industry |
Number of Properties (1) |
Annualized Rent (1)(2) |
Percentage of Annualized Rent |
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| TENANTS PROVIDING SERVICES | ||||
| Automotive Service | 182 | $ 12,809 | 8.9 | % |
| Child Care | 315 | 27,987 | 19.5 | |
| Entertainment | 10 | 3,862 | 2.7 | |
| Health and Fitness | 9 | 5,961 | 4.1 | |
| Private Education | 5 | 1,738 | 1.2 | |
| Theaters | 11 | 5,996 | 4.2 | |
| Other | 9 | 5,487 | 3.8 | |
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| 541 | 63,840 | 44.4 | ||
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| TENANTS SELLING GOODS AND SERVICES |
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| Automotive Parts (with installation) |
65 | 6,074 | 4.2 | |
| Business Services | 1 | 124 | 0.1 | |
| Convenience Stores | 117 | 14,828 | 10.3 | |
| Home Improvement | 5 | 187 | 0.1 | |
| Pet Supplies and Services | 6 | 1,570 | 1.1 | |
| Restaurants | 216 | 18,193 | 12.6 | |
| Video Rental | 34 | 4,715 | 3.3 | |
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| 444 | 45,691 | 31.7 | ||
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| TENANTS SELLING GOODS |
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| Apparel Stores | 5 | 3,103 | 2.2 | |
| Automotive Parts | 73 | 4,292 | 3.0 | |
| Book Stores | 2 | 610 | 0.4 | |
| Consumer Electronics | 36 | 4,660 | 3.2 | |
| Craft and Novelty | 3 | 745 | 0.5 | |
| Drug Stores | 1 | 235 | 0.2 | |
| General Merchandise | 11 | 687 | 0.5 | |
| Grocery Stores | 2 | 734 | 0.5 | |
| Home Furnishings | 38 | 7,289 | 5.1 | |
| Home Improvement | 13 | 1,377 | 1.0 | |
| Office Supplies | 9 | 2,846 | 2.0 | |
| Pet Supplies | 4 | 761 | 0.5 | |
| Shoe Stores | 4 | 1,254 | 0.9 | |
| Sporting Goods | 11 | 5,611 | 3.9 | |
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| 212 | 34,204 | 23.9 | ||
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| Totals | 1,197 | $ 143,735 | 100.0 | % |
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(1) The table does not include properties owned by our subsidiary, Crest Net Lease.
(2) Annualized Rent is calculated by multiplying the monthly contractual base rent as of December 31, 2002 for each of the properties by 12, and adding the previous 12 month's historic percentage rent on properties owned at December 31, 2002, which totaled $1.6 million (i.e., percentage rent is calculated as a percentage of the tenants' gross sales above a specified level). For the properties under construction, an estimated contractual base rent is used based upon the estimated total costs of each property. |
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