Board and executive changes

On November 3, 2026, the Compensation and Talent Committee (the “Committee”) of the Board of Directors of Realty Income Corporation (the “Company”) adopted the Realty Income 2026 Promote Award Plan (the “Plan”), pursuant to which certain employees of the Company and its direct or indirect subsidiaries (together, the “Company Group”), including our named executive officers, will be eligible to receive bonus awards based on the incentive allocation received by the Company Group with respect to certain investment funds, joint ventures and other investment vehicles sponsored, advised or managed by the Company Group that are designated by the Committee (each, a “Designated Fund/JV”).

(d) Effective September 18, 2026, John M. Sullivan's prior appointment to the Company's Board of Directors (the “ Board ”) as an independent director has become effective, following receipt of applicable regulatory approvals. In connection with the effectiveness of Mr. Sullivan’s appointment, the Board authorized an increase in the size of the Board to eight members. Mr. Sullivan will serve on the Board's Compensation Committee and Nominating and Governance Committee. Mr. Sullivan is being compensated in accordance with the Company’s standard compensation policies and practices for non-employee directors of the Board. In addition, the Company has entered into its standard form indemnification agreement with Mr. Sullivan. There are no transactions between the Company and Mr. Sullivan that would require disclosure under Item 404(a) of Regulation S-K.

(d) On September 17, 2026, the Board of Directors (the “Board”) of American Tower Corporation (the “Company”) elected Kristen M. Ludgate as a director and member of its Compensation and Human Capital Committee, effective immediately. In accordance with the Company’s Amended and Restated By-Laws, Ms. Ludgate will serve as a director until the Company’s 2027 Annual Meeting of Stockholders and until her successor is duly elected and qualified. Ms. Ludgate most recently served as Chief People Officer of HP Inc., a global technology company, from 2021 to 2025, where she led culture, talent and organizational strategies to accelerate the company's transformation and worked closely with HP's chief executive officer and board of directors on succession, compensation and corporate strategy. Prior to HP, Ms.

On September 10, 2026, Ventas, Inc. (the “Company”) approved the appointment of Laurida Sayed as its Senior Vice President, Chief Accounting Officer and Controller of the Company, effective on or around October 5, 2026 (the “Effective Date”). As of the Effective Date, Robert F. Probst, the Company’s Executive Vice President and Chief Financial Officer, will no longer perform the responsibilities of Chief Accounting Officer on an interim basis. Mr. Probst will remain the Company’s Chief Financial Officer. Ms. Sayed, age 44, has served as the Chief Accounting Officer of Cushman & Wakefield Ltd. since May 2024. Prior to her appointment as Chief Accounting Officer, Ms. Sayed served as Senior Vice President, Global Corporate Controller of Cushman & Wakefield Ltd.

(b) On September 14, 2026, Crown Castle Inc. (“Company”) announced certain upcoming changes in senior leadership. Cathy Piche, its Executive Vice President and Chief Operating Officer, will, effective February 22, 2027, step down from all roles with the Company, and Sunit S. Patel, our Executive Vice President and Chief Financial Officer, will retire, effective March 31, 2027. Ms. Piche will transition out of her current role effective September 23, 2026, and serve as a special advisor to the Company until February 22, 2027. Mr. Patel will continue to serve in his current role through his separation date. Both Mr. Patel and Ms. Piche will cooperate with the transition of their duties through their respective separation dates.

(d) On September 8, 2026, VICI Properties Inc. (the “ Company ”) announced that John M. Sullivan has been appointed to the Company’s Board of Directors (the “ Board ”) as an independent director on September 4, 2026, subject to and effective upon the satisfaction of certain conditions, including receipt of all applicable regulatory approvals. Once effective, Mr. Sullivan’s appointment is expected to increase the size of the Board to eight directors. Upon joining the Board, Mr. Sullivan will serve on the Board’s Compensation Committee and Nominating and Governance Committee. Mr. Sullivan will be compensated in accordance with the Company’s standard compensation policies and practices for the Board. In addition, the Company will enter into its standard form indemnification agreement with Mr. Sullivan. There are no transactions between the Company and Mr.

As previously announced, effective as of August 31, 2026, D. Keith Oden retired as Executive Vice Chairman of the Board of Trust Managers of Camden Property Trust (the “Company”). Mr. Oden will continue to serve as a member of the Board of Trust Managers of the Company. In connection with Mr. Oden's retirement, the Company and Camden Development, Inc., a wholly-owned subsidiary of the Company, on one hand, and Mr. Oden, on the other hand, entered into a Separation and Release Agreement (the “Separation Agreement”) pursuant to which Mr. Oden’s current employment agreement with the Company was terminated and Mr. Oden will receive various payments representing the anticipated value of previously accrued for amounts he would have been eligible to receive in February 2027 had he remained employed through such date. Such payments will be credited to a cash deferral account established in Mr.

On August 24, 2026, Extra Space Storage Inc. (the “Company”) announced that Joseph D. Margolis, the Company’s Chief Executive Officer, will retire effective as of December 31, 2026. The Company also announced that, in connection with Mr. Margolis’ planned retirement, the Company’s board of directors selected W. Noah Springer, the Company’s current President, to succeed Mr. Margolis as Chief Executive Officer. Mr. Springer will assume the responsibilities of Chief Executive Officer and will join the Company’s board of directors beginning January 1, 2027. Mr. Margolis will remain a director on the Company’s board until December 31, 2026, after which he will serve as an advisor to the board. Mr. Springer, 47, has served as the Company’s President since January 2026, with responsibility for the Company’s operations, human resources, third party management and joint venture departments. Mr.

At the Effective Time, the Board was expanded to fourteen trustees and reconstituted so that it consists of (i) seven persons who were members of the AvalonBay board of directors immediately prior to the Effective Time and (ii) seven persons who were members of the legacy Company board of trustees immediately prior to the Effective Time. As a result, the Board now consists of the following fourteen persons: Angela M. Aman Terry S. Brown Chris Carr Conor C. Flynn Mary Kay Haben Ann C. Hoff Christopher B. Howard Nina P. Jones Charles E. Mueller, Jr. Timothy J. Naughton David J. Neithercut Benjamin W. Schall Stephen E. Sterrett Susan Swanezy Each of Angela M. Aman, Chris Carr, Mary Kay Haben, Ann C. Hoff, Nina P. Jones, David J. Neithercut and Stephen E.

On August 4, 2026, Public Storage (the “Company”) appointed S. Wade Sheek as the Company’s Chief Legal Officer and Corporate Secretary, effective August 17, 2026. Mr. Sheek recently served as Senior Vice President, Chief Legal Officer and Secretary of Herc Holdings, Inc. As of the effective date of the appointment, Mr. Sheek will replace Nathaniel A. Vitan, the Company’s current Chief Legal Officer and Corporate Secretary. Mr. Vitan will continue to be employed by the Company as a senior advisor until October 1, 2026 to facilitate the transition of these roles to Mr. Sheek.