Who is Kim Hourihan and what is her background?

Kim Hourihan is a seasoned professional with over thirty years of experience in real estate investment and portfolio management. She recently joined Invesco Real Estate as Managing Director and Global Head of Strategy. Previously, she held significant Chief Investment Officer roles at CBRE Investment Management, where she was instrumental in growing a core fund to over $10 billion in assets under management. She holds an M.B.A. from Harvard University and a Bachelor of Arts degree in Economics from Boston College.

How will Ms. Hourihan be compensated as a director?

Ms. Hourihan will receive an initial grant of restricted shares valued at $200,000, which will vest over three years. She is also eligible for annual equity awards of restricted shares or RSUs valued at $200,000, provided she continues her service. Additionally, she will receive an annual cash retainer of $100,000 for her board service and $15,000 for her role on the Compensation and Talent Committee.

What is the significance of Ms. Hourihan's appointment to Realty Income's Board?

Ms. Hourihan's appointment strengthens the Board with her extensive expertise in real estate investment strategy and portfolio management. Her independent status and experience in significant investment roles are valuable additions to the Board's oversight and decision-making capabilities, particularly given her committee assignment on Compensation and Talent.

Has Realty Income made any other significant announcements alongside this appointment?

On October 14, 2025, Realty Income also issued a press release announcing the anticipated appointment of Ms. Hourihan as a director. This press release is furnished as an exhibit to the 8-K filing.

O 8-K: Leadership Changes & Regulation FD

Summary

Realty Income Corporation (O) announced on October 14, 2025, the appointment of Kim Hourihan as an independent director to its Board of Directors, effective immediately. This appointment increases the Board size to eleven members and includes Ms. Hourihan's service on the Compensation and Talent Committee. Ms. Hourihan brings extensive experience in real estate investment and portfolio management, most recently as Managing Director and Global Head of Strategy at Invesco Real Estate, and previously in various chief investment officer roles at CBRE Investment Management. Ms. Hourihan's compensation for her directorship includes an initial grant of restricted stock valued at $200,000, vesting over three years, and an annual equity award of $200,000, along with an annual cash retainer of $100,000 for board service and an additional $15,000 for committee service. Her appointment is not contingent on any other arrangements or transactions requiring disclosure. The Company also furnished a press release announcing this appointment.

Key Highlights

1Kim Hourihan appointed as an independent director to the Board, effective October 14, 2025.
2Board size increased to eleven directors.
3Ms. Hourihan appointed to the Compensation and Talent Committee.
4Ms. Hourihan brings over thirty years of real estate investment and portfolio management experience, including senior roles at Invesco Real Estate and CBRE Investment Management.
5Director compensation includes initial $200,000 restricted stock grant and annual $200,000 equity awards.
6Annual cash retainer of $100,000 for board service and $15,000 for committee service.
7No reportable transactions or arrangements between Ms. Hourihan and the Company.

REALTY INCOME CORP 8-K Report, Executive Changes (Oct 14, 2025)

Summary

Key Highlights

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