Press Release Details

Mar 24, 2006

Realty Income Announces Pricing of 5.2 Million Share Common Stock Offering

ESCONDIDO, CALIFORNIA, March 24, 2006. Realty Income Corporation (Realty Income), The Monthly Dividend Company(R), (NYSE:O) today announced that a public offering of 5,200,000 shares of the Company's common stock has been priced at $24.39 per share and is expected to close on March 29, 2006. Gross proceeds from the offering will be approximately $126.8 million. The net proceeds from this offering will be used to repay borrowings under the Company's $300 million unsecured acquisition credit facility and for other general corporate purposes.

(Pricing delayed 20 minutes)