Portfolio and Dividends

The portfolio as of March 31, 2026 consists of 2,417 properties with a weighted average lease term of 14.6 years and a rent‑coverage ratio of 3.5x. The top 10 tenants provide 15.8 % of the cash‑base rental income (ABR), while the top 20 tenants account for 26 %. The company’s dividend policy was updated: the payout ratio increased to $0.31 per share, translating to an annualized dividend of $1.24 per share. The first‑quarter 2026 dividend was paid on April 14, 2026 to shareholders of record as of March 31, 2026.