Our Social Responsibility Commitment

We put great effort into cultivating an inclusive company culture. We are one team, and together we are committed to a culture that provides an engaging work environment and encourages integrity, transparency, respect and humility. Regular open communication is central to how we work, and our employees take pride in our 51-year history of providing monthly dividends to our stockholders. We hire talented employees with diverse backgrounds and perspectives, and work to provide an environment where capable team members have fulfilling careers in the real estate industry and where they are encouraged to engage with business partners and communities where we operate.

REALTY INCOME CORPORATION STATEMENT ON RACIAL JUSTICE AND EQUALITY FOR ALL

Realty Income supports racial justice and equality for all. Respect, integrity, humility, diversity and inclusion remain core values to us because how we act is as important as what we accomplish. We want to champion bringing meaningful progress. Uncompromising change must address and eliminate the systemic issues found in our institutions and society. We must challenge our own biases.

Corporate leadership starts with us.

Each day this journey begins with educating ourselves so that we can bring the best version of us to our colleagues and other stakeholders. We are committed to action by holding uncomfortable conversations and offering financial support to nonprofits advocating and advancing racial justice. We empathize with those impacted by prejudice and recognize our responsibility to support initiatives promoting a corporate culture and society that strives for equal opportunity for all. We will continue to foster inclusion within our teams and offer allyship to all who share this vision.

Employee Relations

Our employees are our most important asset. Without them, we wouldn’t be able to achieve our mission.

We want to ensure our company continues to attract, develop, and retain top talent. As a long-standing equal opportunity employer, we adhere to all Equal Employer Opportunity Policy guidelines. We firmly prohibit discrimination. Our Employee Handbook affirms this commitment, and recent updates outline ways in which we aim to maintain a diverse and inclusive workplace. We have expanded the realm of characteristics that are utilized when hiring and on-boarding employees. Employee Resource Groups provide opportunities for internal engagement and support among employees. We have formal performance reviews annually and our managers meet with their teams at least quarterly to discuss performance and goals. In addition, our open-door management approach encourages employees to discuss concerns as they arise and work with management to strengthen opportunities for everyone.

The breadth and depth of our team’s skills and expertise are integral to the successful execution of our company’s business strategy. The company strives to offer employees the appropriate resources to help them succeed and grow within the company. In addition to required ethics training at point of hire, competency-based training allows for ongoing talent development, mentorship opportunities, executive and officer-level coaching, leadership development, and opportunities to enroll in professional and technical education, licenses, certificates, and/or advanced degrees contribute to long-term retention.

Management Essentials: Our Employee Handbook

Our Employee Handbook provides a collection of resources for which our employees can refer to throughout their employment at Realty Income. We feel the following internal policies and procedures found within our Employee Handbook are worth highlighting as a best-in-class employer in our industry.

  • Standards of Conduct
  • Discrimination, harassment, and retaliation prevention
  • A description of the corporate culture we strive to uphold
  • Department functions and responsibilities
  • An overview of compensation and employee benefits
  • Business ethics, safety and security, confidentiality, injury and illness prevention policies

Compensation, Health, and Benefits

Our employees are awarded compensation that is in line with those of our peers and competitors, including generous healthcare benefits (medical, dental, vision) for all employees and their families, participation in a 401(k) plan with a matching contribution from Realty Income, restricted stock awards based on company performance, competitive paid time-off benefits, and an infant-at-work program for new parents. Additional benefits include, but are not limited to:

  • Disability insurance
  • Life insurance
  • Employee assistance program
  • Supplemental benefits

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The health and wellbeing of our team members is one of the cornerstones to our successful operations. Our Wellbeing Program provides opportunities for our employees to participate in various activities and educational programs to enhance their personal and professional life. Flexible work schedules, fitness programs, on-site dry-cleaning pickup, and car wash services are several examples of initiatives focused on supporting work-life balance and further making Realty Income a top-tier work environment.

Maintaining a safe and healthy working environment for our employees and contractors is critical to delivering on the value we create for our stakeholders. To achieve this goal, the company has implemented an Injury and Illness Prevention Program (IIPP) for employees.

Data Security and Information Technology Security Training

We consider information security, and the protection of our systems and data, a top priority. Our policies and procedures are aligned with recognized cybersecurity frameworks and regulatory requirements, such as the EU General Data Protection Regulation (GDPR), the U.K. Data Protection Act of 2018, and the California Consumer Privacy Act (CCPA). We engage third parties to conduct independent cybersecurity testing and provide us with suggestions for future enhancements. Realty Income requires all team members to complete an annual cybersecurity course in addition to the periodic training and education opportunities provided by the IT Staff and third-party vendors. Topics addressed include data privacy, personally identifiable information (PII), current cyber threats (i.e., malware, ransomware and theft of proprietary information) and general technology-related topics. Refer to our Privacy Policy for more information.

Under the direction of Realty Income’s Board of Directors, the Legal, Information Technology and Human Resource Departments regularly review and update the training based on any issues that arise or new areas to address. Refer to our Privacy Policy for more information.

Community Partnerships & Charitable Giving

We believe that giving back to our community is an extension of our mission to improve the lives of our shareholders, our employees, and their families. Our Community Partnerships & Charitable Giving reflects our strong commitment to being a responsible corporate citizen and taking an active role in the betterment of the communities in which our employees and shareholders live and work.

As such, Realty Income and its team members have taken an active role in supporting communities through civic involvement with non-profit organizations and corporate donations. We offer our team members matching gift opportunities and a “Dollars for Doers” program.

Our non-profit activities resulted in approximately 905 company-sponsored employee volunteer hours in 2019, principally through our partnership with San Diego Habitat for Humanity®. Our employees have also provided educational services to at-risk youth, senior citizens, funding to local foodbanks, and toys for underserved children. We are proud of the efforts we have made to date and look forward to continuing to strengthen our impact as part of the successful operations of The Monthly Dividend Company®.

The following criteria are used as guidelines in selecting the organizations the company supports:

  • Serve and strengthen the San Diego community,
  • Have relevance to the real estate sector,
  • Support community through education,
  • Promote environmentally and/or socially sustainable behavior.
2017 Realty Income Habitat for Humanity Volunteer
2016 Realty Income Habitat for Humanity Corporate Responsibility
Realty Income Gift Drive
2016 Realty Income Habitat for Humanity Work
2016 Realty Income Habitat for Humanity Group Shot

2019 Accomplishments

  • Launched our first Employee Engagement Survey, intended to be conducted every 12-18 months, and received an overwhelming 99% participation rate
  • Contributed to community engagement by volunteering and donating $100,000 to our local San Diego Habitat for Humanity Chapter
  • Enhanced onsite and offsite employee training opportunities
  • Expanded a matching program which matches donations up to $250 per annum per employee and a monetary matching opportunity of up to $200 for employees who volunteer their time at non-profits
  • Enhanced our Employee Handbook to expand employee diversity characteristics, parental leave, increased support for maternity and disability leave
  • Instituted a new professionally appropriate Dress Code Policy to accommodate our active workforce
  • Promoted employees to “Superhero” status for their onsite contribution to the San Diego Blood Bank during an annual blood drive
  • Hosted a Health & Lifestyle Expo to promote employee health and wellbeing
  • Held an onsite clinic to vaccinate our employees during the flu season