What Is Our Business?
			What is Our Market Focus?
			What are Our Plans for 2008?
			Why Invest?
			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 $1.6485 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 97% 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 119 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 2,375 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.