What Is Our Business?
			What is Our Market Focus?
			What is Realty Income's Financial Position?
			What Do We Own?

We have been paying monthly distributions throughout our 39-year operating history. Since becoming a public company and being listed on the New York Stock Exchange in 1994, we have regularly increased the amount of the dividend. Currently the annualized dividend rate is $1.6935 per share.

• Realty Income was founded in 1969 to acquire freestanding retail real estate.
• Distributions from lease revenues on acquired properties were paid monthly to investors from 1969 and throughout the Company's operating history.
• Niche market investment strategy was implemented with a focus on middle market retail chains providing basic human needs goods and services.
• Middle market retail chains performed to expectations and tenant occupancy rates of 96% or higher have been maintained throughout the Company's operating history.
• Goals were established for achieving lease revenue and geographic diversification that set the standard for Realty Income's real estate acquisitions - by 2007 the Company's retail properties were diversified across 48 states and generated lease revenue from 118 separate retail chains in 30 different retail industries.
• Access to the capital markets was obtained when Realty Income was listed on the New York Stock Exchange under the ticker symbol "O" in October, 1994. Why "O"?
• Investment grade credit ratings were secured from the major credit rating agencies in 1997, providing the company with a range of financing options.
• Realty Income gains competitive market advantages with the introduction of The Monthly Dividend Company® identity in 1998.
• Steady growth in unencumbered real estate assets, to over 2,367 properties owned, has supported consistent increases in lease revenue and dividends since 1969.
• 2-for-1 stock split on December 31, 2004
• One billion dollars in dividends paid in January 2005
• Milestones celebrated during 2007 included 12 years as a public company and the growth of the Company's real estate portfolio to more than 2,100 properties.