Press Release Details

Sep 19, 2005

Realty Income to Acquire $200 Million Property Portfolio From Kerasotes Showplace Theatres, LLC

ESCONDIDO, CALIFORNIA, Sept. 19, 2005. Realty Income Corporation (Realty Income), The Monthly Dividend Company(R), (NYSE:O) announced today that it has signed an agreement to acquire 17 Kerasotes Showplace-branded theater properties, under long-term, net-lease agreements with Kerasotes Showplace Theatres, LLC, for approximately $200 million. While the transaction is subject to a number of conditions, it is anticipated that the transaction will close later this month.

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