Press Release Details

Sep 08, 2005

Realty Income Prices $175 Million of 5-3/8% 12-Year Senior Unsecured Notes

ESCONDIDO, CALIFORNIA, Sept. 8, 2005. Realty Income Corporation (Realty Income), The Monthly Dividend Company(R), (NYSE:O) today announced the pricing of a public offering of $175 million of 5-3/8% senior unsecured notes due 2017. The price to the public for the notes was 99.974% of the principal amount for an effective yield of 5.378%. These securities are expected to be rated BBB+ by Fitch Ratings, Baa2 by Moody's Investors Service and BBB by Standard & Poor's Ratings Group. The net proceeds from the offering will be used to repay current borrowings of approximately $59 million under the Company's $250 million unsecured acquisition credit facility and for other general corporate purposes.

(Pricing delayed 20 minutes)