Press Release Details

Jan 27, 2006

Realty Income Announces Final 2005 Common Stock Dividend Tax Allocation

ESCONDIDO, CALIFORNIA, Jan. 27, 2006. Realty Income Corporation (Realty Income), The Monthly Dividend Company(R) (NYSE:O), today announced the final calculation of the dividend tax status for its 2005 common stock dividends. A portion of the common stock dividend is considered a non-taxable distribution. There are no capital gains associated with these common stock dividend distributions. The information below supersedes previous estimates provided on January 18, 2006.

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