Press Release Details

Sep 22, 2005

Realty Income Announces Pricing of 4.1 Million Share Common Stock Offering

ESCONDIDO, CALIFORNIA, Sept. 22, 2005. Realty Income Corporation (Realty Income), The Monthly Dividend Company(R), (NYSE:O) today announced that a public offering of 4,100,000 shares of the Company's common stock has been priced at $23.79 per share and is expected to close on September 27, 2005. Gross proceeds from the offering will be approximately $97.5 million. The net proceeds from this offering are expected to fund a portion of the previously announced Kerasotes Showplace Theatre transaction or for other general corporate purposes.

(Pricing delayed 20 minutes)