Press Release Details

Sep 08, 2006

Realty Income Announces Pricing of 4.1 Million Share Common Stock Offering

ESCONDIDO, CALIFORNIA, September 8, 2006. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O) today announced that a public offering of 4,100,000 shares of the Company's common stock has been priced at $24.32 per share and is expected to close on September 13, 2006. Gross proceeds from the offering will be approximately $99.7 million. The net proceeds from this offering will be used for general corporate purposes, which are expected to include funding a portion of the purchase price of a previously announced, pending, acquisition and for the repayment of borrowings under the Company's $300 million unsecured acquisition credit facility.

(Pricing delayed 20 minutes)