ESCONDIDO, CALIFORNIA, March 2, 2005—Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O) announced today that Chief Executive Officer, Tom A. Lewis, will participate in a roundtable presentation at the 2005 Smith Barney REIT CEO Conference to be held in Naples, Florida.

Realty Income’s roundtable presentation will take place at 2:15 PM, Eastern Time, on Tuesday, March 8, 2005. To listen to the presentation, please dial 210-839-8982 and enter the passcode: REIT 1.

Realty Income, The Monthly Dividend Company®, is a real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has paid 415 consecutive monthly dividend payments throughout its 36-year operating history. The monthly dividend is supported by the cash flow from over 1,500 retail properties owned under long-term lease agreements with leading regional and national retail chains. The Company is an active buyer of net-leased retail properties nationwide.