{
  "docId": "019dd923-622c-750b-8b9b-4744aa77d85b",
  "docSlug": "b4601d9ee41d",
  "documentTitle": "Realty Income Corp (O)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2009-10-06 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 16,
  "pageCount": 35,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a side-by-side comparison of two Q&A transcripts to reinforce a single point about corporate disclosure policy.",
  "elementsJson": [
    "headline_text",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-4744aa77d85b/16",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-4744aa77d85b",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-4744aa77d85b.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-4744aa77d85b#slide-16",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We do not discuss the individual business of tenants, so I wouldn't comment to that.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-25b6-7431-a283-be10c2ff024d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.92,
        "x": 0.04,
        "y": 0.26
      },
      "kind": "list",
      "text": "Analyst and Company Representative dialogue regarding Camping World and Rite Aid exposure, highlighting the refusal to comment on specific tenants.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f186a8b6-51e5-48f7-b31a-ca7cbc404c05",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.52,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "Q2 2009 Earnings Call",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "58d8ab55-c70d-4650-93d1-253664ced4ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.04,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "Q1 2009 Earnings Call",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5e09d6bf-4c3c-4379-ad47-108cdca18c34",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“Right. We do not discuss the individual business of tenants, so I wouldn't comment to that.” — Company Representative (Q1 2009 Earnings Call); “Yes, it's not our policy to comment on our individual tenants and what they're doing. We could sit here all day. We have 118 tenants.” — Company Representative (Q2 2009 Earnings Call)",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-25b6-7431-a283-c2ae2123c353",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.04,
        "y": 0.09
      },
      "kind": "title",
      "text": "Tenants: O Does Not Disclose Its Tenants",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3bcac74a-5044-4a5e-a45c-3caab81058bc",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Call-and-Response",
      "slug": "call-and-response",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "0a6f9256-7f83-4524-b41a-4e26bd01bd36",
      "evidence": "“Right. We do not discuss the individual business of tenants, so I wouldn't comment to that.” — Company Representative (Q1 2009 Earnings Call)",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "expose_contradiction",
      "slug": null,
      "matchId": "6ac213d9-9013-4939-83f3-970b678b155d",
      "evidence": "The slide uses transcripts to show a consistent policy, effectively preempting questions about specific tenant exposure.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 16,
      "from": 15,
      "beatId": "5c79263f-e5ec-4e47-81b9-dd5931887eeb",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The presentation highlights contradictions in Realty Income's reporting and business practices.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}