REALTY INCOME CORP

Ticker: O CUSIP: 756109104 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 258,748 Value ($000) $14,586 Avg Close $57.36 Range $55.42 - $60.04

Q3 2025

Shares 259,648 Value ($000) $15,784 Avg Close $56.92 Range $54.49 - $59.96

Q2 2025

Shares 257,948 Value ($000) $14,860 Avg Close $54.47 Range $48.62 - $56.57

Q1 2025

Shares 237,448 Value ($000) $13,774 Avg Close $52.58 Range $48.78 - $57.63

Q4 2024

Shares 237,548 Value ($000) $12,687 Avg Close $54.51 Range $48.67 - $60.48

Q3 2024

Shares 237,148 Value ($000) $15,040 Avg Close $55.00 Range $47.67 - $58.93

Q2 2024

Shares 238,448 Value ($000) $12,595 Avg Close $48.64 Range $45.92 - $50.79

Q1 2024

Shares 227,848 Value ($000) $12,327 Avg Close $48.62 Range $45.93 - $53.47

Q4 2023

Shares 198,148 Value ($000) $11,378 Avg Close $46.49 Range $39.66 - $52.15

Q3 2023

Shares 194,348 Value ($000) $9,706 Avg Close $50.15 Range $43.26 - $55.74

Q2 2023

Shares 185,148 Value ($000) $11,070 Avg Close $52.57 Range $50.05 - $54.72

Q1 2023

Shares 180,604 Value ($000) $11,436 Avg Close $55.14 Range $50.45 - $58.57

Q4 2022

Shares 178,804 Value ($000) $11,342 Avg Close $52.23 Range $46.48 - $56.09

Q3 2022

Shares 175,304 Value ($000) $10,203 Avg Close $57.30 Range $48.04 - $62.41

Q2 2022

Shares 170,404 Value ($000) $11,632 Avg Close $56.50 Range $51.40 - $61.79

Q1 2022

Shares 152,404 Value ($000) $10,562 Avg Close $55.33 Range $51.99 - $58.82

Q4 2021

Shares 152,099 Value ($000) $10,889 Avg Close $55.37 Range $50.52 - $58.38

Q3 2021

Shares 101,143 Value ($000) $6,560 Avg Close $53.81 Range $50.29 - $56.36

Q2 2021

Shares 97,343 Value ($000) $6,497 Avg Close $51.83 Range $48.47 - $54.72

Q1 2021

Shares 97,743 Value ($000) $6,207 Avg Close $46.24 Range $42.93 - $49.03

Q4 2020

Shares 92,243 Value ($000) $5,735 Avg Close $45.59 Range $42.50 - $48.65

Q3 2020

Shares 88,043 Value ($000) $5,349 Avg Close $45.09 Range $41.45 - $49.53

Q2 2020

Shares 87,743 Value ($000) $5,221 Avg Close $40.14 Range $31.55 - $48.06

Q1 2020

Shares 78,524 Value ($000) $3,915 Avg Close $51.85 Range $27.50 - $61.26

Q4 2019

Shares 78,824 Value ($000) $5,804 Avg Close $54.96 Range $51.22 - $58.75

Q3 2019

Shares 76,524 Value ($000) $5,868 Avg Close $51.29 Range $47.82 - $55.10

Q2 2019

Shares 75,324 Value ($000) $5,195 Avg Close $49.47 Range $46.46 - $52.08

Q1 2019

Shares 87,524 Value ($000) $6,438 Avg Close $47.55 Range $42.67 - $51.70

Q4 2018

Shares 84,524 Value ($000) $5,328 Avg Close $42.39 Range $38.08 - $46.19

Q3 2018

Shares 86,424 Value ($000) $4,917 Avg Close $38.66 Range $35.73 - $40.29

Q2 2018

Shares 84,224 Value ($000) $4,530 Avg Close $35.15 Range $32.65 - $37.10

Q1 2018

Shares 83,724 Value ($000) $4,331 Avg Close $34.12 Range $31.34 - $37.69

Q4 2017

Shares 82,624 Value ($000) $4,711 Avg Close $36.71 Range $34.61 - $38.32

Q3 2017

Shares 83,124 Value ($000) $4,754 Avg Close $37.17 Range $34.45 - $39.07

Q2 2017

Shares 89,724 Value ($000) $4,951 Avg Close $36.61 Range $33.87 - $39.79

Q1 2017

Shares 89,024 Value ($000) $5,300 Avg Close $37.92 Range $35.97 - $40.47

Q4 2016

Shares 84,524 Value ($000) $4,858 Avg Close $36.35 Range $33.08 - $41.74

Q3 2016

Shares 90,200 Value ($000) $6,037 Avg Close $42.37 Range $39.48 - $44.94

Q2 2016

Shares 89,500 Value ($000) $6,208 Avg Close $38.59 Range $35.87 - $42.99

Q1 2016

Shares 86,200 Value ($000) $5,388 Avg Close $35.05 Range $30.67 - $38.57

Q4 2015

Shares 85,400 Value ($000) $4,409 Avg Close $29.76 Range $27.43 - $31.85

Q3 2015

Shares 84,800 Value ($000) $4,019 Avg Close $27.77 Range $25.82 - $29.13

Q2 2015

Shares 90,200 Value ($000) $4,004 Avg Close $27.79 Range $26.14 - $30.88

Q1 2015

Shares 102,000 Value ($000) $5,263 Avg Close $30.07 Range $27.81 - $32.21

Q4 2014

Shares 106,000 Value ($000) $5,057 Avg Close $26.33 Range $23.34 - $28.76

Q3 2014

Shares 105,600 Value ($000) $4,307 Avg Close $25.02 Range $23.15 - $25.95

Q2 2014

Shares 104,400 Value ($000) $4,637 Avg Close $24.22 Range $22.48 - $25.36

Q1 2014

Shares 103,300 Value ($000) $4,221 Avg Close $22.70 Range $20.42 - $25.00

Q4 2013

Shares 96,500 Value ($000) $3,602 Avg Close $21.68 Range $20.09 - $23.51

Q3 2013

Shares 91,400 Value ($000) $3,633 Avg Close $22.57 Range $20.80 - $24.73

Q2 2013

Shares 90,300 Value ($000) $3,785 Avg Close $25.40 Range $21.30 - $29.55

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	258,748	$14,586	$57.36	$55.42 - $60.04
Q3 2025	259,648	$15,784	$56.92	$54.49 - $59.96
Q2 2025	257,948	$14,860	$54.47	$48.62 - $56.57
Q1 2025	237,448	$13,774	$52.58	$48.78 - $57.63
Q4 2024	237,548	$12,687	$54.51	$48.67 - $60.48
Q3 2024	237,148	$15,040	$55.00	$47.67 - $58.93
Q2 2024	238,448	$12,595	$48.64	$45.92 - $50.79
Q1 2024	227,848	$12,327	$48.62	$45.93 - $53.47
Q4 2023	198,148	$11,378	$46.49	$39.66 - $52.15
Q3 2023	194,348	$9,706	$50.15	$43.26 - $55.74
Q2 2023	185,148	$11,070	$52.57	$50.05 - $54.72
Q1 2023	180,604	$11,436	$55.14	$50.45 - $58.57
Q4 2022	178,804	$11,342	$52.23	$46.48 - $56.09
Q3 2022	175,304	$10,203	$57.30	$48.04 - $62.41
Q2 2022	170,404	$11,632	$56.50	$51.40 - $61.79
Q1 2022	152,404	$10,562	$55.33	$51.99 - $58.82
Q4 2021	152,099	$10,889	$55.37	$50.52 - $58.38
Q3 2021	101,143	$6,560	$53.81	$50.29 - $56.36
Q2 2021	97,343	$6,497	$51.83	$48.47 - $54.72
Q1 2021	97,743	$6,207	$46.24	$42.93 - $49.03
Q4 2020	92,243	$5,735	$45.59	$42.50 - $48.65
Q3 2020	88,043	$5,349	$45.09	$41.45 - $49.53
Q2 2020	87,743	$5,221	$40.14	$31.55 - $48.06
Q1 2020	78,524	$3,915	$51.85	$27.50 - $61.26
Q4 2019	78,824	$5,804	$54.96	$51.22 - $58.75
Q3 2019	76,524	$5,868	$51.29	$47.82 - $55.10
Q2 2019	75,324	$5,195	$49.47	$46.46 - $52.08
Q1 2019	87,524	$6,438	$47.55	$42.67 - $51.70
Q4 2018	84,524	$5,328	$42.39	$38.08 - $46.19
Q3 2018	86,424	$4,917	$38.66	$35.73 - $40.29
Q2 2018	84,224	$4,530	$35.15	$32.65 - $37.10
Q1 2018	83,724	$4,331	$34.12	$31.34 - $37.69
Q4 2017	82,624	$4,711	$36.71	$34.61 - $38.32
Q3 2017	83,124	$4,754	$37.17	$34.45 - $39.07
Q2 2017	89,724	$4,951	$36.61	$33.87 - $39.79
Q1 2017	89,024	$5,300	$37.92	$35.97 - $40.47
Q4 2016	84,524	$4,858	$36.35	$33.08 - $41.74
Q3 2016	90,200	$6,037	$42.37	$39.48 - $44.94
Q2 2016	89,500	$6,208	$38.59	$35.87 - $42.99
Q1 2016	86,200	$5,388	$35.05	$30.67 - $38.57
Q4 2015	85,400	$4,409	$29.76	$27.43 - $31.85
Q3 2015	84,800	$4,019	$27.77	$25.82 - $29.13
Q2 2015	90,200	$4,004	$27.79	$26.14 - $30.88
Q1 2015	102,000	$5,263	$30.07	$27.81 - $32.21
Q4 2014	106,000	$5,057	$26.33	$23.34 - $28.76
Q3 2014	105,600	$4,307	$25.02	$23.15 - $25.95
Q2 2014	104,400	$4,637	$24.22	$22.48 - $25.36
Q1 2014	103,300	$4,221	$22.70	$20.42 - $25.00
Q4 2013	96,500	$3,602	$21.68	$20.09 - $23.51
Q3 2013	91,400	$3,633	$22.57	$20.80 - $24.73
Q2 2013	90,300	$3,785	$25.40	$21.30 - $29.55