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  "docSlug": "b4601d9ee41d",
  "documentTitle": "Realty Income Corp (O)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2009-10-06 00:00:00",
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  "pageNumber": 18,
  "pageCount": 35,
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  "density": "overcrowded",
  "nDataPoints": 5,
  "notes": "The slide uses a callout box to emphasize the concentration risk (~20% of revenue) associated with these poor credits.",
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      "kind": "callout",
      "text": "We list below some of Realty Income's largest tenants that we have been able to identify. They are all junk credits with high leverage",
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      "kind": "callout",
      "text": "Estimated ~20% of Realty Income's revenues (6)",
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      "kind": "callout",
      "text": "We list below some of Realty Income’s largest tenants that we have been able to identify. They are all junk credits with high leverage",
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      "text": "Credit Rating: ~20%",
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      "kind": "source-note",
      "text": "Sources for tenants: Compiled using Wall Street Research, O's filings, O's website, various press reports and O's earnings conference calls. 1-6) Footnotes detailing data sources.",
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      "text": "Tenant, Description, Credit Rating, Commentary",
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      "kind": "title",
      "text": "Largest Tenants Are Poor Credits",
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