REITs · O

“The following is our calculation of debt service and fixed charge coverage as of June 30, 2026 (in thousands, for trailing twelve months): Net income attributable to the Company $ 1,267,577 Plus: interest expense, excluding the amortization of deferred financing costs 1,152,933 Plus: provision for taxes 97,628 Plus: depreciation and amortization 2,542,368 Plus: provisions for impairment 402,094 Plus: pro forma adjustments 265,422 Less: provisions for gains from sales or joint ventures (190,441) Income available for debt service, as defined $ 5,537,581 Total pro forma debt service charge $ 1,173,688 Debt service and fixed charge coverage ratio 4.7 x -42- Table of Contents Credit Agency Ratings The borrowing interest rates under our revolving credit facilities are based upon our ratings assigned by credit rating agencies.”

O 10-Q · 2026-08-06

“In addition, our revolving credit facilities contain financial covenants that could limit the amount of distributions payable by us in the event of a default, and which prohibit the payment of distributions on our common stock in the event that we fail to pay when due (subject to any applicable grace period) any principal or interest on borrowings under our revolving credit facilities. -40- Table of Contents Distributions of our current and accumulated earnings and profits for federal income tax purposes generally will be taxable to stockholders as ordinary income, except to the extent that we recognize capital gains and declare a capital gains dividend, or that such amounts constitute “qualified dividend income” subject to a reduced rate of tax.”

O 10-Q · 2025-11-04

“Merger-related Transaction Costs In conjunction with the Merger, during the year ended December 31, 2024, we incurred $ 86.7 million of merger-related transaction costs primarily consisting of employee severance, post-combination share-based compensation, transfer taxes, and various professional fees directly attributable to the Merger.”

O 10-K · 2026-02-25